Took some ammo I don’t need, sold it, and bought this:
I have turned lead into gold. I am officially an alchemist. (Though not a FullMetal Alchemist.)
I actually prefer 1/10 and 1 oz. gold bullion, but I’ve always thought the Swiss Francs were very attractive coins and I’ve always wanted at least one. Over the years I’ve bought silver but I stayed away from gold because, honestly, it’s a big chunk of money to spend at once. But, Between years of frugality, my decent market returns, an insane gun/ammo market, and my newfound appreciation and education in moneystuff, I can, once in a while, buy some of the yellow stuff.
This stuff is as close as youre going to come to a universal currency.
(For those of you who don’t get the reference in the post title, here’s your link. An earworm from the 70’s featuring Stevie Nicks on background and Lindsey Buckingham’s distinctive guitar. A classic. And if you did get the reference….well…youre old.)
Think Van Morrison………….”turnin’ lead into gold….”
Purty! You know, with the au/ag ratio <65 and falling, I'm "priming the pipes" to convert some silver into gold. If it goes <50 later this year, I'm all in.
I own the Italian equivalent of that swiss coin, a 20 lire from the Kingdom of Italy. Same dimensions and weight in gold.
They were minted during the Latin Monetary Union, actually a precursor of the Eurozone, when Italy, France, Switzerland, Austria and Belgium decided to standardize their currencies.
Now they are among the most popular gold bullion coins for European stackers, alongside British gold Sovereigns.
And I enjoy the story of Edward amd Alphonse Elric.
“Equivalent Exchange is the principle that limits alchemy’s infinite potential. It’s a simple concept: something cannot be created from nothing, and so in order to obtain something, something else of equal value must be lost.”
Lead to gold is a pretty good exchange…
n
I hope you didn’t go too easy on the poor bastard that bought your ammo
Tell you what, I was a lot more gentle than some folks I’ve seen lately. Met a guy yesterday that was trying to move Norinco(!) 7.62×51, steel case, for…wait for it….$1.25 per round. I tried to be polite, I really did, but I burst out laughing in spite of myself.
That’s what it’s going for in estate auctions here in Houston.
Chinese 762×39 is 50c/rnd
223/556 is over $1from any manf in any configuration after tax and fees…
Pretty much any 9mm is $1/rnd
n
$1.25 per round? Seriously?
Norinco copper plated 7.62×51 is going for $299.99 Cdn for 500 rounds up here in the great white north. That works out to $231.74 USD or $0.46 USD per round.
what is this mythical thing of which you speak, ammo you don’t need?
Yeah, it sounded that way to me too when i said it out loud. But..itwas in calibers I never plan on having and are oddball enough that demand is sketchy (.300 Sav, .257 Roberts, etc)
Converted unwanted lead and primers into a wonderful condition 1866 Winchester rifle. Thanks to the unprepared “grasshoppers”.
Who’d have believed I’d live long enough to actually see alchemy become a reality. Of course I never dreamed I’d see boys allowed to compete in girls’ sports and a full-blown, all-dressed-up transvestite nominated for a high federal appointment, either.
Nice article, Commander.
Yeah. Seeing all those things and more. I’m afraid for our future.