Buy or Sell - Future Collectibility?

[raljr1]

Enjoyed the posts concerning muscle cars and guns immensely. Yes these muscle cars of today are quicker and handle much better than those of yesteryear but nostalgia means a lot to us more "vintage" guys. Glad to see the Camaro, Mustang, and Challenger back but sure comes at a price.

Actually, my Cadillac XT5 would probably turn 1/4 mile times maybe 1/2 a second slower than my 70 GTO. Nowhere near the torque of the GTO, but with an 8 speed transmission, at full throttle, the engine never drops out of its power band, unlike the old 4 speed.

 

[llowry61]

I have regretted selling every gun I ever sold and even bought a couple back. I am thinking about the accumulation as a piggy bank in retirement - I will sell them as I age to finance things that will be more important at some point in the future.

Who knows what the future value will be when I sell them? I do not want my wife to have to figure out what to do with them though, so they will go on the block. Just 60 now so hoping I have some time before she has to worry about that!

 

[Sevens]

When we go into a recession or depression. CASH IN HAND is worth more than anything made of metal.......Looks like we're headed that way.

I can't see how you come to this conclusion, this is literally the opposite of true. In a recession, the true value of cash drops as time moves forward and in a depression or worse, it's value drops radically and faster.

 

[xfarfuldog]

I realize that many modern cars would outperform my old muscle cars. But new cars are for the most part boring. There is nothing like power shifting a 69 Z over 7000 RPM. My (first) Z was purchased new in December 1969. The sticker was just over $ 4200 and I paid $ 3700. I traded in my 68 Mustang fastback. Actually had it towed in as it had caught fire the night before. (A whole nother story)

A new Z would cost in the $ 30,000 range . Cannot afford that. I retired in April 2020. Actually was laid off due to Covid (just their excuse). I had sold my home just before prices started getting ridiculous. I know what things to buy but just have terrible timing.

So I have sold many cars that have gone up afterwards. The same thing with guns. For now I'll keep my Camry and my guns.

 

[Gamecock]

Agreed, heeter3.

My policy is, "Don't sell any gun you don't have to."

 

[GypsmJim]

I can't see how you come to this conclusion, this is literally the opposite of true. In a recession, the true value of cash drops as time moves forward and in a depression or worse, it's value drops radically and faster.

I think the Russian people are finding that out now.

Considering ALL the circumstances right now, I have a sick feeling that our money won't be worth much very soon.

Soooo, I would very much like to invest in something right now, but I just don't know where to do it....