Investing in Guns Beats Tech Stocks
BOSTON (TheStreet) -- Seeking more bang for the buck?
Set aside your views on gun control or perceptions of survivalist arsenals. Those who collect and sell firearms, many of whom are white-collar and affluent, often have turned a profit from their hobby-cum-investment.
For example, a small pistol that gangster John Dillinger was carrying, hidden in a sock, when he was arrested in Arizona (six months before he was fatally gunned down in Chicago in 1934) sold for $95,600 at an auction held by Heritage Auction Galleries, a Dallas-based auction house that is the nation's largest. The winning bid was more than double the pre-auction estimate of $35,000 to $45,000.
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