Investing in machine guns
A very interesting article about investing in machine guns…
Randy Powell has a .50-caliber machine gun he would like to sell you -but he can’t afford to.
The monster, sitting in a cage in back of his gun store and shooting range in Lawrenceville, can cut down a tree – and could easily fetch $30,000 in a perfectly legal sale. But for Powell, the sale would be the equivalent of hawking a Picasso or vintage wine.
The gun increases in value exponentially each year.
“I bought that gun for $10,000 about 10 years ago,” he said. “I could make a lot of money if I sold it but it’s an investment more than anything. There is no wholesale market. If I want another one, I may have to pay more than that.”
More here.
Hat Tip: Airborne Combat Engineer
