M1 Thompson

[thepatriot2705]

Would you spend 15k on a fully functional M1 Thompson even if it meant decimating your savings?

[CRAMBONE]

Is it your money or mine? If it’s your money hell yeah im spending it. If it’s mine no I’m not. I want some land. If you really want the gat get a loan if all you have in cash is the cost of the gun.

[Diamondback]

M1? No. Fully functional Colt 1921AC? That'd be a bargain, those usually start at 40k.

[Firefly]

Hell no.

Never go into hock to buy a gun.

[sgtrock82]

Have you shot one before? Id be sure you shot one first, maybe a few times. Thompsons are cool to look at and talk about but I think they kinda suck in person. M3 grease gun 10x more fun.

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[Arik]

No. For any firearm.

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[utahjeepr]

On one hand it us an investment. The M1 is not gonna lose value. It will increase.

On the other hand, you will not likely see a skyrocket return in the short term. The increase in value should beat the rate of inflation but by how much? Your money is locked up and it would take a while to get it out when you decide to sell.

As your only investment and at the cost of all your savings? I would say no, unless you are looking at being able to replace those savings in very short order.

[MegademiC]

Only if its disposable income. If you have debt and /or have to Drain your emergency fund, keep saving.

[Steve Shannon]

If you spend all your savings because you want something rather than needing something, you will never have savings when you truly need them and someday you truly will need them.

Buying a gun as an investment only works if you really don’t mind selling it. This sounds to me like you want it too badly to easily make that economic decision.


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[sundance435]

First question, why is it only selling for $15k? Cheapest I've seen is $20k for an actual, late-model M1A1, which as far as Thompsons go are the least "collectible". Thompsons, like any old, very desirable firearms are a niche area with lots of nuances that drive prices by thousands and tens of thousands of $$$. That said, any transferable full auto is potentially an actual investment, unlike most guns. I wouldn't quite call it liquid, though, and the price is largely driven by laws, so I would call them speculative investments.

Second question, depending on the answer to the first, is what do you classify as "savings". If it's your 401(k) or funds you would normally use to pay mortgage/rent, etc., then no way. If it's your truly "disposable" income, maybe. How long did it take you to save that much? Fly has the simplest, best advice - don't go in hock to buy a gun.