Posted by MarkB_MI on January 02, 2017 at 04:20:16 from (198.208.251.22):
In Reply to: Re: Investments 2016 posted by uncletom on January 01, 2017 at 17:17:21:
> Check out some of the gun auction sites. There is a Colt Python 6" on gun broker right now bid up to Current Price: $2,725.00 (The buy it now price is $4100.00)
Even if we make the unreasonable assumption that somebody is willing to pay four grand for my beloved Python, that just means its value has lagged the stock market by about 800 percentage points rather than 1300 points.
Now of course prices of Colt revolvers have shot up in recent years. But just like speculators in the Dutch Tulip Bubble of 1637 disovered, it's not a great idea to bet collectible prices will continue to rise when the thing being collected is not particularly rare or collectible. Anybody want to buy a Beanie Baby?
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