Invest in Tobacco?
- Thread starter OSOBUCO
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People may be asking 10x's, but are they getting it?
And, surely this isn't for just any blend. I mean, selling a tin of OGS for 100$ just isn't happening, but something rare or out of production like Dark Star, sure.
And, surely this isn't for just any blend. I mean, selling a tin of OGS for 100$ just isn't happening, but something rare or out of production like Dark Star, sure.
Tobacco and rubles, the best retirement portfolio
I wouldn't look at tobacco as an investment. Too many potential issues with government interference with sales, shipping, and such. Build your cellar for stuff you like to smoke.
As investments go, it's a speculative one. But in a world where totally made up currencies can become a favorite of so called Wall Street eiltes - otherwise known as well tailored grifters and con artists - why not a rusty tin of vintage "Whatsis"?
Beats most people’s plan of a shopping cart with four bad wheels.
To some they're shopping carts, to others, mobile homes.
We need to put it on a blockchain and call it "pipecoin" (TM). We will all be filthy rich!
Are the sellers getting their asking price? You're a smoker so, not risk averse, go for it if you have the moneys to lose. I much prefer investing my hard earned moneys in less risky ventures.
Till you bring up politics on the forum and the bank freezes and then confiscates your account.
Tobacco, on the other hand... well, you'll need stuff for the barter economy of the future. Tins are lighter than demijohns of vodka.
Why not? Best if you can attach a meme to it.
nope terrible investment. To be honest cellaring is a kind of a trend. Not saying that people won't continue to do it, but it is approaching peak saturation in my opinion. The idea of aging pipe tobacco has been around probably for longer then we think but as far as it being what pipe smokers do that's a new thing. And frankly I don't think it will last. Not in a way that makes buying up pipe tobacco a sensible investment.
government interference would probably be the best thing for this scheme. That might actually make it a good investment.
Ok - so picture this scenario - I buy 5 grand in tins of fine tobacco that i have observed selling for >2x original cost with >2 years age on them on this site. Then I wait a few years and list them for 2x. They sell I double my $ (tax free btw) and I smile. They don't sell and I have a cellar full of aged fine tobacco and I still have a smile on my face
- where's the risk? sorry couldn't resist
I am going through some old PM radio show. Have listened to #384 today. It has Pipe Stud on, where he tells that some old tins won't sell at a high price. Try it. Great episode.
You failed to factor in the possibility of your early demise or, an illness which would prohibit your smoking your stash. The loss wouldn't be yours of course. Only your heirs would be out a bit of moneys. There's no mention of something where the moneys tied up in tobacco become needed for a catastrophe of some sort, illness, natural disaster, etc. But, since you are not risk averse there is no need to consider the risk. Just spend, sorry, invest what you will and see what arises. And, there are your risks, many of them. Ignore at your peril but, you should consider them at least.
There's more. Tax free? Only as long as you aren't found out. Someone, family or friend, board member could rat you out. There is always risk. One should at least know them and acknowledge them so as to weigh risk v. reward.
And, there you are, your required due diligence all set out, tidy and neat, for you to consider. Scenarios are a fun mental activity but, don't simply consider "best possible" if you value your funds.
I have more than I'll smoke in lifetime but I keep buying. My boys smoke pipes so when I depart this world they should have a nice stash of hard to find, discontinued and aged blends. My hope is that they will open one of dads old tins together on occasion and think about the old man.
ROI might work out for you, but as @warren points out, you could die early, or be physically unable to smoke for whatever reason. For myself, I have about $700 worth of tobacco cellared, but a little less than $500 in sealed tins. I could probably get half of that back with my 3 tins (250g total) of McClelland that I bought just as they were going out of business, but I also want to smoke it. If I suddenly keeled over, my wife would thankfully not have too much unused "investment" on her hands, but between that and my pipes, she may not mind having the $1000+ back for more useful things. Maybe she could sell it as a lot to one of you codgers at a deep discount. Who knows.
@OSOBUCO ill buy that $5k worth of tins at 3x the price you paid today if you are willing to be responsible for its delivery.
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