Knives are Selling in a Declining Stock Market
In recent months I have spoken with many people about the current state of the Stock Market, mostly in regards to the rapid decline that we are all experiencing.
Personally, I have withdrawn some of the money from my Retirement Plan in the form of loans and used the funds to purchase Loveless and Moran knives. In the last couple of years I have seen these two makers knives increase substantially in value and decrease in their availability, a very good buying signal.
I have many new customers who are moving from lower end custom knives to the higher end collectibles. I have also had quite a few of my existing clients “cash in” on their purchases by either reselling to me or consigning their knives for resale on my website.
In my opinion Loveless knives have appreciated around 15% in the last year and Moran knives over the last two years have gone up over 20% in most cases. You must keep in mind that any investment has a certain amount of risk involved in it.
As I have previously stressed, always buy what you like and worry about making a profit secondarily. If your money is spent wisely (In my opinion Loveless and Moran knives are the two most collectible currently) you will not only add some fine knives to your collections but when you go to resell them I would bet that these are the easiest knives to sell and in all likelihood a tidy profit will be made at the time of the sale.