Buy Low Sell High?

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Juniper

Bearcat
Joined
Jun 28, 2009
Messages
79
Location
Utah
I have heard the adage of Buy Low Sell High, as quoted by J. Paul Getty as his formula for making $. When it comes to an occasional Ruger purchase it seems I sometimes do just the opposite. I do keep an eye out for an occasional used Ruger or Winchester and though I may be looking for something specific, I try and keep an open mind and consider all models and calibers. Today while burning a few extra Saturday minutes I checked over a local classified listing. Though I wasn't looking for a Ruger Blackhawk 45 long colt in stainless, 4 5/8" bbl I ended up with one. It included a hunter brand belt and triple K holster, 259 loaded cartridges, couple hundred empty brass... all for 5 franklins.... what made it really nice that price included a Winchester 94 trapper, angle eject in very nice shape in .45 long colt also. So for now the .357 Blackhawk 4 5/8 on my list will be forgotten... at least until I use up 259 long colt cartridges. One of the few times I believe I bought right.
 

ab4ka

Single-Sixer
Joined
Mar 22, 2009
Messages
255
Location
Lakeland, Florida
Sounds like you did well! I'm the same, if I see something I just have to have, price becomes no object (as long as I have it). Later it seems I never get my money back. Only lately have I done pretty well :p
 

sumoj275

Bearcat
Joined
Oct 3, 2006
Messages
31
Location
OKC, OK
Nice snag. 259 rds of .45 Colt, that would last me about an hour of fun shooting. The .45 Colt is my favorite round.
 

AzRebel

Single-Sixer
Joined
Apr 24, 2006
Messages
216
Location
Next to the creek, under a pine
I was usually at the wrong end of that kind of deal, too. I bought, swapped, and sold a bunch of firearms when I was younger, and I probably lost money on a lot of them.

These days I don't sell guns any more. I just keep 'em.

Maybe one day I will, but for now I don't. There are better ways of getting money than selling off my guns.

You got a great deal though. Congrat's!

Daryl
 

Yosemite Sam

Hunter
Joined
Mar 18, 2002
Messages
2,113
Location
Cape Cod, MA, USA
One thing I've thought of recently, w/r/t all this buying and selling: If I lose a bit on a sale, I chalk it up to "rent", or "tuition" (to the school of neverending learning). I'm not talking about hundreds of dollars lost on a bad purchase or something, but if I buy a gun for $500 and can only get $425-450 when I sell it, I'm not going to cry too much. I figure I got to own it, shoot it, see what makes that model tick, and see how I enjoy it.

Also, when it comes to wanting the next lust object, I'd rather have $425 out of that thing in my safe that I'm not shooting, right now, rather than holding out for $50 more dollars, which I'm going to spend in a week, anyway.

OTOH, it is nice to hold onto a gun for a couple of years only to find that it's gained a considerable amount of value. I bought a brand new Browning Hi Power a few years ago. They're going for nearly $1K nowadays. Wow. Maybe I do have a retirement fund, after all.

-- Sam
 
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