I'll be the dissenting voice here. I think it's absurd to buy multiple copies of the same gun over and over. I barely see much reason to by the same caliber Smith over and over even if the models have some differences.
I have far, far better things to do with my money. Whether it be buying additional *varied* guns or other, even more important, things like retirement or extra on the mortgage.
Of course, it's called *personal* finance for a reason. So, as long as you're saving appropriately, if that's where you want to spend your extra money knock yourself out.
Valid point as far as it goes, but it paints with a pretty broad brush.
As a young man I sold off assets that had paid for themselves though a hobby/job I had and put that meager grub stake into firearms. Then I proceeded to look at those as an asset - traded or sold only to acquire another I wanted more. Very few times in almost 40 years I have reached into my wallet to expand the collection - Instead I found ways of indulging in my passion that produced income (reloading, gunsmithing work, an FFL for several years) that was applied to the collection, so in effect, the hobby paid for itself.
I tip my hat to those fortunate enough to indulge the collecting/accumulating itch by virtue of their liquidity and good fortune /hard work. That ain't all of us. I've had guys whine to me that they "can't afford the kind of guns" I have. I can usually point out to them that if they ditched that pack of ciggies they smoke everyday, that case of brew they consume weekly, or the latest motorcycle, jet ski, flashy car, camper, etc . . . they could afford what they wanted - the point is, the ARE affording what they want if the bank gets it's money on a regular basis.
Now, explaining to 'she who must be obeyed' that turning that ever appreciating asset into cash to buy a new car, a vacation, clothes, or whatever is a waste of resources is futile at times, since she refuses to see that in a few years anything the money would be spent on will be gone, used up, obsolete or residing in a landfill, while the guns that are in the safe will only be worth more. And like gold or diamonds, they can usually be made into the liquid asset in short order should it become truly necessary.
And, FWIW, I don't buy multiple copies of identical guns - to many variations out there to drool over
Dale
