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This Guy Is Buying At 15x's Lol

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traevin's Avatar
United States
1454 Posts
 Posted 04/22/2012  01:12 am  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply

Quote:
As for myself, I have the AK, Mossy 500, and 3 handguns ready to rock-n-roll, if necessary.


FAL, Benelli, HK Tac, Wilson Combat, M4gery; among others

I love the AK, though. Wonderful mud, blood, and crud gun.
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throwbackid's Avatar
1283 Posts
 Posted 04/22/2012  01:21 am  Show Profile   Bookmark this reply Add throwbackid to your friends list Get a Link to this Reply


The AK is one of the best all around guns ever made IMHO.
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Ed_B's Avatar
United States
4008 Posts
 Posted 04/22/2012  6:28 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
My son is an ex-Marine (at least as much as ANY Marine is ever an ex-Marine, lol) who loves the AR. He has a couple of them. Try as I might, though, I really do like the bigger bullet of the AK. It's a .30 cal. round and double the weight of the 62 gr AR bullets. I've always been more of a momentum kind of guy rather than a kinetic energy guy. On top of that, it is legal to hunt deer here with an AK but not with an AR. We have a .24 cal minimum round size for that.

I know that the AR is more accurate at 200 yards and better but these are not sniper rifles. A good .308, 7 mm, or .30-06 type scoped rifle will be best for that. I just wanted a solid reliable rifle that can shoot a lot of times, if necessary, without jamming, and that has a good chance of flattening its target.

I like that ammo for it is cheap, so stock-piling a lot of it is no problem. I got 500 rnds for it for $125 at a gun show, so not at all bad. I even sweet talked the little gal behind the counter into giving me a free metal ammo box in which to bring it home.
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 04/22/2012  9:03 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
You have to realize that in an economic crash your silver will be worthless to your neighbors and we will have only each other to trade or barter with. Most people don't recognize PM values and my neighbor will see my silver quarter having a value of 25 cents. I keep PMs mainly as a hedge against inflation, and also because I'm a collector, of course...IMO.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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traevin's Avatar
United States
1454 Posts
 Posted 04/22/2012  10:14 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply



Quote:
I like that ammo for it is cheap, so stock-piling a lot of it is no problem. I got 500 rnds for it for $125 at a gun show, so not at all bad.


Long before I owned a silver coin, I was a true gun nut. At last count, not figuring in .22 ammo, I stashed away 11,350 rounds of ball and 4,480 rounds of HP in various calibers, some of which I no longer even own the gun that shoots it. Most of my brass hoard was gathered back in the 90's when one could get a case (1000 rds.) of surplus .223 or .308 for under $200. That's also what my gun shop used to charge for .45 Federal ball, which I would then shoot through in under a month. I haven't priced ammo in the last couple years but I believe it has moved up at around the same pace as PMs. What a coincidence, huh?



Quote:
Most people don't recognize PM values and my neighbor will see my silver quarter having a value of 25 cents.


The vast majority of people who've seen my collection have little to no idea of its value. They really couldn't even begin to guess. Part of that is maybe due to silver fluctuations over the years. Even as a collector, coin values change all the time, depending on spot. The bigger issue is that coin collecting is still a fringe pastime, at least for the majority of American's, anyway. In a true collapse, I assume a bartering system based on trading for staples and useful items would be the first new form of currency to arise. But after things settled, silver and gold would quickly reassert itself as the primary means of exchange and people would quickly learn or get reacquainted with cold hard cash. As far as fiat currencies go, one could start a fire with them, or maybe use individual bills as a poor man's toilet paper.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 04/23/2012  12:00 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
Most people don't recognize PM values and my neighbor will see my silver quarter having a value of 25 cents.


True, but a known value nonetheless. Nothing to say you can't have a bucket of clad quarters for folks like that.

I had an interesting conversation with a new customer yesterday. Like Buffet (who he admires), he doesn't invest in stuff he doesn't understand.

A lot depends on the nature of the SHTF scenario. His example:

Say I was down in O when Katrina hit. What good does a pocketful of gold coins do me?

I'd like to think there would be someone willing to trade space on his escape vehicle for yellow. Then again, anyone that smart prolly listened when they told him to leave.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 04/23/2012  01:51 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Heartbreak Ridge....

Highway: "This is the AK-47 assault rifle, the preferred weapon of your enemy; and it makes a distinctive sound when fired at you, so remember it."

Jakie Brown....

Ordell Robbie: "AK-47. The very best there is. When you absolutely, positively got to kill every blank-blank in the room, accept no substitutes."

Lord of War....

Jack Valentine: "Those nuclear weapons sit in their silos. Your AK-47 that is a real weapon of mass destruction there."

Same movie.....

"Of all the weapons in the vast soviet arsenal nothing was more profitable than Avtomat Kalashnikova model of 1947, more commonly known as the AK-47, or Kalashnikov. It's the worlds most popular assault rifle, a weapon all fighters love. An elegantly simple nine pound amalgamation of forged steel and plywood, it doesn't break, jam, or overheat. It will fire whether it's covered in mud or filled with sand. It's so easy even a child could use it, and they do. The Soviets put the gun on a coin. Mozambique put it on their flag. Since the end of the Cold War, the Kalashnikov has become the Russian people's greatest export. After that comes vodka, caviar, and suicidal novelists. One thing is for sure, no one was lining up to buy their cars."


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Ed_B's Avatar
United States
4008 Posts
 Posted 04/23/2012  8:05 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Most people don't recognize PM values...

True because most people have never seen, let alone used, REAL money before. OTOH, if there really is a SHTF scenario unfolding at some point, there will be people with goods to sell and others who want to buy them. If the dollar is toast, they will need to find something else to use, whether that be matches, fish hooks, .22 ammo, or silver. Gold and silver have been money for 4000+ years and it is likely that they always will be. Even in times of great peril, they have had value. The human condition being what it is, this is likely to continue whether or not some recognize it as real money when they see it.


Quote:
Say I was down in O when Katrina hit. What good does a pocketful of gold coins do me?

Depends on whether or not that last seat on the last bus outta there goes to the highest bidder.


Quote:
A lot depends on the nature of the SHTF scenario.

Absolutely, Fredd. Since none of us has a crystal ball, we will not know this until it hits. This is why doing a lot of general prepping might be more useful than a very narrowly focused and intense prepping for a single scenario.
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silvercoinrn's Avatar
United States
863 Posts
 Posted 04/24/2012  09:19 am  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
the pocket full of gold wont do you any good at the time of the actual disaster but afterwards it might be useful for barter.
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Ed_B's Avatar
United States
4008 Posts
 Posted 04/24/2012  6:49 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
the pocket full of gold wont do you any good at the time of the actual disaster but afterwards it might be useful for barter.

Perhaps... but then... what will? DURING a disaster, about all one can do is keep their head down and wait it out; hopefully in a relatively safe place. I lived in tornado country as a kid. Those are very impressive storms, capable of doing terrible damage to relatively small areas. No, gold and silver would not have been useful when they came to town but afterwards was another story. Had to pay for all that rebuilding somehow or other.

If our fearless leaders continue to manage the dollar and the economy as well as they have been, who knows what manner of disaster may befall us? Could well be that gold and silver will become the ONLY money that anyone really trusts.
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silvercoinrn's Avatar
United States
863 Posts
 Posted 04/26/2012  5:35 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
and 15X spot isn't so bad I was offered $10 for a morgan from a gold and silver buyer lol
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Ed_B's Avatar
United States
4008 Posts
 Posted 04/26/2012  6:16 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
and 15X spot isn't so bad I was offered $10 for a morgan from a gold and silver buyer lol

I think that if I ever hear an offer like that, I will burst into hysterical laughter and then tell the guy, "Hey, you should be a comedian. Wait, you already are!".
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traevin's Avatar
United States
1454 Posts
 Posted 04/26/2012  6:48 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
These people prey upon the desperate and ignorant. A pox on them all.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 04/27/2012  9:59 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Look at the numbers.

He's got $150, perhaps to hold, perhaps to flip.

If he buys $10 face, he can make $60.

If he paid 20x, in order to make the same $60, he'd need to spend $1200. Or shoot his wad and make [drumroll] $7.50.

The seller wanting 20x prolly will look for the buyer at 21x, so he won't get it anyway.

He's offering a service to people who don't know where else to sell, and don't want to spend the time looking.
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Ed_B's Avatar
United States
4008 Posts
 Posted 04/28/2012  6:24 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
I haven't priced ammo in the last couple years but I believe it has moved up at around the same pace as PMs. What a coincidence, huh?

No, I haven't either but it would not surprise me a bit to see ammo running at about the same rate of cost increase as PMs have had. Certainly it will be higher than the average run of the mill inflation has been.

I have a decent Rock Chucker reloading press, the usual accessories, and several dies for reloading. My son and I get together from time to time and have some Dad-Son quality time while cranking out a few hundred rounds. My favorite .357 load is a 140 gr truncated cone FMJ over 12.8 gr of Blue Dot and a magnum pistol primer. That's good for about 1400 fps and 600 or so ft-lbs but it should be worked up to slowly to see if it works well in your particular pistol. That makes it a genuine up-close-and-personal stopper. It also shoots flat and hits hard out to around 100 yds. Yes, it will shoot farther than that but with enough bullet drop to make a clean hit more of a problem.
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