Been thinking of dabbing into buying silver, mostly because it’s cheaper for me and easier to begin with. But someone I know who is a big gun buyer told me to, instead of gold and silver, go with finer rifles and pistols. More collectible. Not the $10,000 ones, more more in the 1-2k range pistols and rifles. I’m more familiar with them personally, and I don’t think they ever go down in value, from the ones I’ve had for years now.
Although I’m still very interested in buying silver or maybe one day gold, but what some of you, smarter than me financially, think about this? Do’s and don’t’s? Could guns provide similar financial holdings as silver, if the dollar goes poof? Thoughts?
It depends on your objectives. silver in small denominations will be far more liquid if you anticipate the need to use your investment to sustain your family. Either will work for long term wealth preservation investing but collectibles (of any kind) can be a niche market and tend to fall out of favor. the issue is not really what any "thing" will be worth in absolute value at some future date, but how will it protect your purchasing power over time.