I agree with you Greg.
The only new equipment I have bought in the last several years is a Jim Beasley bamboo rod (a present really, from my wife), a Hardy Cascapedia MKII
reel (only because the price was irresistable, as is the reel), and a few lines and other odds and ends. All the other stuff has been used, but not abused, and the majority of it is either collectible now or will be in the not too distant future, although I use it all.
I do not fish graphite any more, but the two or three old rods I still own will, I guarantee you, fish just as well as any $800.00 (yikes!!) rod!
Just wait a couple of months and you're going to be able to pick up some very nice equipment at bargain basement costs, that is if any one can even afford that!
Bob
When you can arrange your affairs to go fishing, forget all the signs, homilies, advice and folklore. JUST GO.