falcon123
NES Member
AmmoSquared™ - an ammunition asset company
We make it easy to buy and store ammunition so it can be an alternative hard asset and hedge against uncertainty. Start stacking ammo today!
ammosquared.com
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Wait...you DON’T do that?Next would be to have ammo as part of a 401k.
it is amazing how many crooks want to get your money.AmmoSquared™ - an ammunition asset company
We make it easy to buy and store ammunition so it can be an alternative hard asset and hedge against uncertainty. Start stacking ammo today!ammosquared.com
smells like a classic good old pyramid scheme to me.I always thought "ammo futures" would be the thing.
While one of the currencies I hold may be virtual, the fact that it's gone up 8x in the past two weeks has financed some very real reloading components.This is awesome! It shows the folly of people who hold virtual gold and virtual virtual currency.
I'll stick to my non-virtual basement.
This has "fail" written all over it. Treating Federal/Magtech/Wolf as "equivalent" is just plain ridiculous from a financial point, unless it translates to "Wolf, Magtech or similar". I suspect the reason for ammo brand opacity is because the firm may count on using future ammo buys to fill withdrawal requests - otherwise, they could just offer what brands they have for sale and record your deposit as ".500 SkySoldier MeganMagnum" or whatever, and send that when you withdraw.We ship only high quality factory new (not reloaded) ammunition from brands we trust, brands like PMC, Fiocchi, Federal, Remington, Winchester, Speer, Magtech, Wolf, Aguila, etc.
I don't remember the firm, but it was a theft and the loss was apportioned as a 25% reduction in all accounts.It's an issue of having Company X "holding" your virtual virtual currency. The increased risk may not appear right away. But didn't a bitcoin company "lose" some bitcoin in the past?
This has "fail" written all over it. Treating Federal/Magtech/Wolf as "equivalent" is just plain ridiculous from a financial point, unless it translates to "Wolf, Magtech or similar". I suspect the reason for ammo brand opacity is because the firm may count on using future ammo buys to fill withdrawal requests - otherwise, they could just offer what brands they have for sale and record your deposit as ".500 SkySoldier MeganMagnum" or whatever, and send that when you withdraw.
And then there is question of "Are they operating on a fractional reserve basis?", and what if the word (accurately or not) gets out they are in trouble and the is a run on people cashing out what they own? Will they be able to do it? There is no FAGC (Federal Ammo Guarantee Corp) or FAB (Federal Ammo Bank) that will lend inventory to ammo banks if there is a run on deposits. An inaccurate rumor they are in trouble would almost certainly sink the company - unless they were prepared to fill all ammo depositary withdrawals with real ammo and pay for the promised "free shipping" on over $150 withdrawals.
If times get tight are they going to tell our customers "we can't pay our bills and have just enough money left to ship you your stuff" or are they going to start underbuying ammo with the hope they can turn things around?
Remember your role - you are not only a customer but an "unsecured creditor" if you leave ammo on deposit with them.
I am suspicious of "real companies" that anonymize their address on the DNS registration.
The 1st time I saw that ad I wondered what type of mental defective would fall for that. If I'm buying precious metals I want the physical item in my hand. We have enough pretend currency with the fed.Hold my virtual gold?
precious metals are allowed in a IRA already.... I consider brass, copper, and lead preciousNext would be to have ammo as part of a 401k.
Try getting your credit card company to refund you for a charge you made 10 years ago to a bankrupt or disappeared firm that offers no opportunity for clawback. There is a time limit on chargebacks. You are correct in the protection, IF you are ordering for delivery but not when keeping it on deposit for long term storage.Your credit card company will refund you if the company goes belly up. File a claim and when the biz fails to respond, you win. That's the way it works. Had to do that more than a few times in my life.
Real addresses are often anonymized to protect a business from bad actors. I operate a couple of sites and always hide my identity so I don't have to deal with the klowns out there looking to steal a domain or pound me with spam.
The trick is that I do not believe you are allowed to physically possess them but must use a custodial storage service.precious metals are allowed in a IRA already.... I consider brass, copper, and lead precious
This is awesome! It shows the folly of people who hold virtual gold and virtual virtual currency.
I'll stick to my non-virtual basement.
The 1st time I saw that ad I wondered what type of mental defective would fall for that. If I'm buying precious metals I want the physical item in my hand. We have enough pretend currency with the fed.
It would be called a 556KNext would be to have ammo as part of a 401k.
But didn't a bitcoin company "lose" some bitcoin in the past?
If you sell it at a profit, it's taxable. Whether the IRS could consider it as inventory (ordinary income) or a capital asset (capital gains), I would not want to guess.Financial question: so if it’s after time period, and you resell the ammo, is it gonna taxable? Is it considered investment?