Saturday, November 29, 2008

hey kids! learn how to have fun and profit from "the obama recovery"

the talking heads at the msnbc financial desk are telling us the three things we should invest in to profit as obama "fixes" the economy...yeah, those would be the same heads who totally missed (or worse, consorted to conceal) the falling domino effect as the various components of that economy fell hard and fast after being ballyhooed and cheered on to dizzying and unsustainable heights by...them.

me, i'll take a different tack; herewith, my own three-pronged plan:

1. guns and gun stuff. the widely reported boom in gun sales is really nothing new...something similar happened in '94 when the clinton ban enriched gun dealers nationwide by inflating the value of what had been common and not much in demand (a lot of 10 new-in-cosmolene norinco sks rifles was $690 wholesale in '92, you know what they are now); i was the serendipitous beneficiary of a lot of that...it was the most profitable period in my thirty years as an ffl...but it's different this time; the anti's learned some lessons, and disingenuous denials aside, there will certainly be a concerted if serruptitious effort to remove and ban hardware and supplies from the access of civilian Americans, backed up with legislation and a stacked deck of judiciary to make sure that those who would resist can be squashed for their impertinence. so after having divested most of my personal firearms inventory over the last eight years, i'm buying again...any and every decent firearm that i can buy "right", cases of ammunition, and though i never got into reloading, i'm also stocking supplies and dies for that...mostly because they don't want me to, but also just in case. and what better way to protect your assets and have some fun?

2. hard money. like guns, gold and silver are universal currency. because the values have skyrocketed over the last few years, much of what i had accumulated and kept when i sold my pawn store a few years ago in the way of gold and silver coins, bars, and heavy gold jewelry (heavy-link high-karat gold chains have for centuries been the favored mode of exchange in parts of the world where the politics are, shall we say, unpredictable) have been liquidated for profit. but now i'm buying again.

3. the pawn and estate brokering business. having spent thirty years behind the counter i was about fried and ready for some r&r when i sold out to clint in late '05, and i really still have little stomach for resuming the traditional-type pawn business. but my son, now 24 and back in fla with us, has sold his business in georgia and taken jewelry repair/goldsmithing school to develop a trade that will always be in demand...and with a major "redistribution" in the offing, people who have accumulated luxury items like jewelry, high-end watches, exotic cars and other unessential trappings of nouveau wealth, are going to be selling them off and/or using them as collateral to fund their expenses for the foreseeable future. so we're opening a nice little custom jewelry shop where eric can do his creative thing and do repairs and restorations, and i've kept my state pawn and estate broker's license active enabling us to do selective loans and purchases of expensive, but expendable luxury items.

not quite the path advised in the msnbc story, is it? yeah, well, that's exactly the point. let the "o" and his minions invest in his brave new "green" world, sink what remains of their cash into his "securities", and buy stock in the government-beholden "companies" that will do the fake make-work as the socialist regime re-enacts the wpa under their new, new deal...good luck with that.

ya'll go your way, i'll go mine.

jtc

1 comment:

Earl said...

Good call, good tips.