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Money Concepts: Guns and Ammunition As Money

Money Concepts: Guns and Ammunition As Money

Metals

Executive Summary

  • Precious metals are often proposed as a good form of money when there are severe economic problems.
  • Less frequently discussed is the use of guns and ammunition.

Introduction

Guns and ammunition appreciate during times of instability. Depending upon the gun of course. During stable times, guns are valued at the cost of replacement through manufacturing. However, during unstable times, guns are valued for what they can do. Guns are difficult to counterfeit and can be proven to be functional at the time of the transaction by shooting bullets at targets. While guns might be considered a large denomination, ammunition can be sold in small denominations. During times of great instability, guns can be a more desirable asset to own than precious metals.

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