Silver and Gold or Brass and Steel
Investment firms across the country for a generation have recommended buying precious metals such as silver and gold as a hedge against inflation. However, what should be evaluated alongside that in investing in steel and brass.
Let us look at a theoretical example. The retirees looking to claim their Social Security benefits this year at age 66 would have been 18 years old in 1964. Say that young person had $20 to invest. He could have bought about one half ounce of gold or a WW2 surplus M1 carbine for that price. Today that little throw away warbaby carbine would be worth $850-900 and the half-ounce of gold right at $812.
Read the rest at my column at Firearms Talk http://www.firearmstalk.com/entries/Silver-and-Gold-or-Brass-and-Steel.html
In the 60s you could get TWO M1 Garands for $134….now that was a deal…