Though widely criticized for being an inaccurate index of the market (since it takes only 30 stocks into account), the Dow Jones has in fact performed very much in line with broader U.S. markets.
As the world struggles through the current economic crisis, Metal Inquisition financial analyst Devesh Bharadwaj takes a closer look at lesser known investment opportunities that may be tempting to metal fans. Is investing in metal a sound choice during these unstable times? Read on to find out.
Avenge Sevenfold autographs make guitar actually be worth less than retail price.
While doing a search on the world wide interweb for used axes as a potential investment, I came across this Schecter Omen guitar. I know what you're saying, Schecter guitars are not exactly the most metal guitars ever (here at M.I. we endorse Jackson of course) but put that aside for just a second. The Craigslist post I found was for a brand new guitar, one that normally retails for $300 and has a list price (MSRP) of $499, selling for only $250. Why so little? The mere fact that it's autographed by the band Avenge Sevenfold makes it actually be worth LESS than retail. Is this drop in price merely a sign of the worldwide economic collapse? Perhaps. Be careful in whose autograph you invest.
Also included in the post is another guitar signed by the band Seether, but they are even less metal than Avenge Sevenfold so I wont even mention them, even though I think its funny that Wikipedia refers to them as a "South African post-grunge band". I had to look them up to see if they were worth mentioning. Man, wouldn't you be bummed if you were in a band and your autograph made things actually decrease in value? It's like having the opposite of the Midas touch, everything you touch turns into complete and utter shit.
Metallica autographs make a horrible guitar worth way too much.
In sharp contrast, a Squire guitar autographed by Metallica is selling for a steep $2,372. How they came up with that number, I have no idea, but that's an incredible increase from its retail price of $169. I don't know why on earth you'd get Metallica to sign a strat, much less a Squire strat, not even a Mexican Fender! Apparently, Metallica's autographs are the only recession proof signatures you can have. Forget stocks, hedge funds or anything else...the way to go is Metallica autographs! Buy, buy, buy!
Gwar "slave" autographs guitar. Price of guitar drops immediately.
Perhaps Metallica is not your cup of tea (and who could blame you), maybe Gwar is more up your alley, and you'd like to invest on something you actually enjoy. Well, you're in luck. What about an autographed BC Rich "Bich" model guitar? It's not signed by a member of the band Gwar though. Oh no. The guitar is signed by a Gwar "slave" (aka roadie). In this case, the nearly new guitar drops in price from $399 retail to $250. At least in this case, the seller (who is the Gwar roadie) is nice enough to give the buyer the ability to choose if they want the autograph on the guitar or not. He writes "*GWAR SLAVE AUTOGRAPH IS OPTIONAL.."
Obituary and Dream Theater drummers sign drumsticks. Price of drumsticks drops. I think.
Note that the Donald Tardy drumstick is dirty. That's because I used briefly it as a stake to hold down some string while doing yard work a few years back.
The bad news about the price of metal autographs not only dropping, but hindering the value of the very items the autographs are on made me worry about my own investments. How has the current crisis affected my Donald Tardy and Mike Portnoy signed drumsticks? I had no way of knowing since my calls to Lehman Brothers went unanswered. Having no other place to turn, I simply asked my wife. I asked her "If I sell these drumsticks in a garage sale, how much do you think I could get for them?", her response was brief "How should I know? Fifty cents maybe? Why are you asking me?". That's all the research I needed. They were now worth worth less than when they were new. I was crushed.
Where does that leave me? Maybe I should look into other autographs as possible investment opportunities during these unstable times. Maybe autographed ticket stubs by the likes of Deeds Of Flesh or Suffocation is the way to go? This guy seems to gave just about any autograph you are looking for. Then again, perhaps I should look into some Lars Ulrich signed drumsticks as a safer investment. After all, you're supposed to buy low, and sell high right? I think anytime after And Justice For All could be safely considered a "low" for Metallica....but will there ever be another "high" in their future? Damn. Maybe there's no safe investments after all.