I myself, am going hard on tobacco untill the Feds make things difficult. I think pipes are always going to be around. I smoke cobs and estate pipes now. I'll buy the occasional pipe here and there but I'm never in the market for a pipe over $100.
It does me no good to have expensive pipes and nothing to smoke in them. My focus has been to keep buying tobacco. As time goes on and I realize a disability will end my working days, I can sacrifice the delivery system over the lack of something to put in it...It's all about the tobacco for me.
Actually, I don't buy tobacco as an investment and have no expectations in that regard. If I want an investment I will buy stocks and real estate. I buy tobacco because I like tobacco.Now Peck buys tobacco not only because he likes tobacco, but it's an investment.