530-How to Build a Useful Home Armory That Won't Lose Monetary Value and May Save Your Life
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 6 March 2018
⏱️ 89 minutes
🧾️ Download transcript
Summary
Guns are great investments.
Well, perhaps I should say that it's possible for guns to be great investments...and at the worst, they are a decent store of value.
If you've never owned a firearm, I'd like to share with you a thoughtful, reasonable path into gun ownership that will help you to make good decisions and get the most bang for your buck.
In today's show I lay out for you a sensible approach to gun acquisition that will help you to construct a useful home armory that will allow you to have the tools of defense and offense that will cover most situations you could conceivably ever face without making bad financial decisions.
Enjoy!
Joshua
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Transcript
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| 0:00.0 | Here at Radical Personal Finance, we love to take topics that most people won't touch with a 10-foot pull and pull them apart and use them for personal knowledge and personal insight, but also to use them as lessons to study other related topics and today |
| 0:15.8 | we're going to do that with the subject of guns. |
| 0:18.8 | Quite frankly a gun can be a wonderful, wonderful investment. |
| 0:25.4 | In fact, it's actually very hard to lose money |
| 0:28.9 | with the purchase of a gun, unless you do it the wrong way. |
| 0:31.9 | I'm going to tell you today some ideas on how you can |
| 0:35.0 | do it in an intelligent and practical way. In the world of investing people |
| 0:40.2 | frequently talk about things that have intrinsic value. |
| 0:45.2 | This often comes up when talking about monetary theory. |
| 0:48.2 | Many people get frustrated with fiat currencies like the US dollar and like the euro |
| 0:52.3 | or like basically every |
| 0:53.7 | modern currency around the world and say well it doesn't have any intrinsic |
| 0:56.8 | value and so they like to compare that to something like a gold or silver coin |
| 1:02.4 | and say well at least the gold and |
| 1:03.5 | silver coin has an intrinsic value a value of the metal and although I will |
| 1:08.4 | concede that a gold or silver coin has a little bit more intrinsic value than something like a |
| 1:15.1 | $20 bill. I don't actually buy that argument because I can't do a lot with a |
| 1:21.1 | gold or silver coin. I don't know what intrinsic value means, but I can say it |
| 1:27.0 | doesn't have much practical value. That gold or silver coin serves no purpose other than to sit there. |
| 1:35.0 | Now of course my friends in the hard money camp will quickly say well Joshua you can make a |
| 1:40.3 | beautiful piece of jewelry with gold that That's true. Or you can use |
| 1:43.6 | silver in industrial purposes. That's true. But it can't do that for me. I don't |
... |
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