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Gold vs Colt Single Action Army - The gun that beat inflation

PutTogetherPutTogether Posts: 2,141 ✭✭✭
in Precious Metals
A rather interesting article comparing the price of an ounce of gold vs a Colt Single Action Army revolver over the last 130 or so years. "The Gun that Beat Inflation"


Ok, this is ridiculous, it won't let me post the link because of the "forbidden word" hidden when "market watch" is one word. Even if I change the display text of the link. Dumb.

Remove the several underscores in "market_______watch" from the URL below and paste it. Sorry for the hassle, but it is a good read.

http://www.market______watch.com/story/how-the-colt-peacemaker-outshone-gold-2009-11-05

Comments

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Great read, it goes to show Guns are more valuable than gold.

    There is a hidden word in Market watch that's banned. When you put them together.

    Starting with one T and ending with last T. image
    Avid collector of GSA's.
  • PerryHallPerryHall Posts: 46,121 ✭✭✭✭✭


    << <i>Great read, it goes to show Guns are more valuable than gold. >>



    If the Dems have their way, they will become downright rare.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    My take on guns more valuable than gold. We have the most powerful military.

    I'm beginning to believe that's the main factor in keeping the dollar price up.
    Avid collector of GSA's.
  • rpwrpw Posts: 235 ✭✭
    Linky that beats the censor.

    It's absolutely amazing how that ounce of gold for a Colt works. I tested it a week ago.
    image
    imageimage Small Size National Bank Note Type Set $5-$100
  • ttownttown Posts: 4,472 ✭✭✭
    Well can we pick the gold piece like you did the gun? They use bullion to compare it to a very collectable gun but at the time you could have salted back a nice rare gold piece for melt too. So you picked up an 1873 Open 3 20 dollar gold piece in MS65 it's lise is $175K now who won? Even a circulated $20 gold piece isn't selling for melt now days and brings about what a low end colt does.
  • rpwrpw Posts: 235 ✭✭
    Actually, the article stated "an ounce of gold" not a "Twenty dollar gold piece" or "double eagle." Given that, there are certain Colt's from that period, say a "First Order" U.S. Cavalry revolver with all matching serial numbers that will bring fetch more at auction than a 1873 Open 3 20 dollar gold piece in MS65.
    imageimage Small Size National Bank Note Type Set $5-$100
  • ttownttown Posts: 4,472 ✭✭✭


    << <i>Actually, the article stated "an ounce of gold" not a "Twenty dollar gold piece" or "double eagle." Given that, there are certain Colt's from that period, say a "First Order" U.S. Cavalry revolver with all matching serial numbers that will bring fetch more at auction than a 1873 Open 3 20 dollar gold piece in MS65. >>



    Actually there are coins in that era that bring much more than the colt. If your going to quote modern bullion then they should quote the modern colt which are about the same in price. Seems they picked a gun that brings the most for the era and this coming from a huge gun collector. Like you could get any type II gold for near bullion. The whole read was stupid. The holy grail colt was quoted at 175k.

    Lets compare a bullion coin minted this year to a collectable 136 years old. What would it cost if you had purchased it this decade? A new SA Colt sells for less than gold for each modern counterpart.
  • PutTogetherPutTogether Posts: 2,141 ✭✭✭


    << <i>

    << <i>Actually, the article stated "an ounce of gold" not a "Twenty dollar gold piece" or "double eagle." Given that, there are certain Colt's from that period, say a "First Order" U.S. Cavalry revolver with all matching serial numbers that will bring fetch more at auction than a 1873 Open 3 20 dollar gold piece in MS65. >>



    Actually there are coins in that era that bring much more than the colt. If your going to quote modern bullion then they should quote the modern colt which are about the same in price. Seems they picked a gun that brings the most for the era and this coming from a huge gun collector. Like you could get any type II gold for near bullion. The whole read was stupid. The holy grail colt was quoted at 175k.

    Lets compare a bullion coin minted this year to a collectable 136 years old. What would it cost if you had purchased it this decade? A new SA Colt sells for less than gold for each modern counterpart. >>



    Did you read the article? It does bring up the "holy grail" of colts, but the main point was that a colt in 1873 was about twenty bucks, so was an ounce of gold. Today, the average colt is around $1200, so is an ounce of gold.
  • ttownttown Posts: 4,472 ✭✭✭
    Yes I did and no where did it say both were about $1200.

    Today an ounce of gold is about $1,090 and a new Colt SAA can be special ordered from Colt's custom shop for about $1,500.


    So your $20 gold piece spent on this gun in 1873 would have returned 874900%.

    Gold Double Eagle $20 coins from that year can be found on line for $1500 to $5000 depending on condition about the same price as Colt SAA's of similar age and condition

    The Colt Army was in production until 1941 and it's value has rose since Colt no longer sells revolvers. I collect Colts my last purchase was a Colt Detective Special that I paid $400 for. Most revolvers now sell for south of $500 new for gold comparison purposes. Golds not behind it's ahead.

    I do understand he's trying to make a point for gold but his wierd logic in comparisons and jumping back and forth doesn't seem logical to me.

  • PutTogetherPutTogether Posts: 2,141 ✭✭✭
    What do you mean Colt no longer sells revolvers? They don't sell double action revolvers anymore, but they most certainly still sell the SAA.

    I will shut up though, as I'm starting to slide pretty off topic.
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