I have started to stock up on tobaccos that I enjoy smoking. I keep hearing that "the price of tobacco will only go up" and that primarily due to increased taxation. As I look at the pricing of tobacco, it seems obvious to me that buying large quantities of bulk tobacco, when available, is most cost effective, even after the cost of mason jars is factored in. So I have quite a bit of bulk tobacco in mason jars.
But I also buy tins in 50 gram, 100 gram, 2 oz, 8 oz, etc. The reason why I buy the tins is because ... unopened, sealed tins have a better resale value than bulk, I believe. If I buy a 100 gram tin today for $10 here in the USA, and tomorrow we're taxed liked Canada is taxed, that tin is now effectively worth $100. In theory I could re-sell the tin for $80 and make a significant return on my initial investment. I say "in theory" because I'm not sure I could legally re-sell a tin of tobacco. Otherwise, I'm buying the tins because they are sealed for long-lasting shelf life. And specifically for tins, I buy highly-rated, much sought after blends like Dunhill and Escudo. Whereas for bulk I purchase the Stokkebyes and 4noggins and other good-quality bulk brands.
I figure if the Tobaccogeddon hit tomorrow, I'd cut back my consumption to 2 oz per week, or about 6.5 pounds per year. So for example a twenty year reserve I'd need 130 pounds. Easy enough to do with bulk; a lot more costly to do with tins.
But I see some people storing up several hundreds of pounds of tobacco. More than I could conceivably smoke in a lifetime. Do you think that they are doing so for the opportunity to resell? Or are they really smoking ounces and ounces of tobacco per day, and that is just their way of ensuring a lifetime cost-effective supply of their favorite blends? I'm sure the right answer is "yes to both", but I thought I would ask the question and gain some insight into how others plan their cellaring strategy.
Thanks!
But I also buy tins in 50 gram, 100 gram, 2 oz, 8 oz, etc. The reason why I buy the tins is because ... unopened, sealed tins have a better resale value than bulk, I believe. If I buy a 100 gram tin today for $10 here in the USA, and tomorrow we're taxed liked Canada is taxed, that tin is now effectively worth $100. In theory I could re-sell the tin for $80 and make a significant return on my initial investment. I say "in theory" because I'm not sure I could legally re-sell a tin of tobacco. Otherwise, I'm buying the tins because they are sealed for long-lasting shelf life. And specifically for tins, I buy highly-rated, much sought after blends like Dunhill and Escudo. Whereas for bulk I purchase the Stokkebyes and 4noggins and other good-quality bulk brands.
I figure if the Tobaccogeddon hit tomorrow, I'd cut back my consumption to 2 oz per week, or about 6.5 pounds per year. So for example a twenty year reserve I'd need 130 pounds. Easy enough to do with bulk; a lot more costly to do with tins.
But I see some people storing up several hundreds of pounds of tobacco. More than I could conceivably smoke in a lifetime. Do you think that they are doing so for the opportunity to resell? Or are they really smoking ounces and ounces of tobacco per day, and that is just their way of ensuring a lifetime cost-effective supply of their favorite blends? I'm sure the right answer is "yes to both", but I thought I would ask the question and gain some insight into how others plan their cellaring strategy.
Thanks!