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So I'm kind of new to the pocket knife world(I don't own a pocket knife...). Ive been getting into backpacking and camping. My buying philosophy is to get something of good quality so I only need to get 1 in my life, at all possible. Would this be a good investment, or is there something cheaper I should be looking at?
In my experience, the $90-$125 range is really great for a high quality buy-it-once knife. Of course you can spend more, but that's where the curve of diminishing returns starts to get steep. There are great knives under that price point too, but they may not be American made.
Just to warn you, once you get one GOOD knife you will only want more...
The point about diminishing returns is valid and the TJ Schwarz and Millit team are quality driven. I expect this will be a great knife; however, there are many different good knives available and long term satisfaction is very much driven by personal preferences and uses for the knife. If you are new to modern folders, you may want to spend some time looking at NickShabazz.com where you can learn a lot about details that may (or may not) affect your perception of a knife. There is a link to his short "Knife Gripe" videos done for KnifeNews and they are great. If your intent is to use your knife for woodcraft batoning in your camping, you will be hard pressed to find a folder that can give better "lifetime value" than a fixed blade but they make great teammates and the folder will also serve you well in the home and around town.
This is a great knife for everyday carry, so if you plan to spend $100ish on one knife that can do it all, this would be a fine choice. However, if you want activity-specific knives...
Camping - You might want a fixed-blade bushcrafting or survival knife, like the Jarosz Turok ($), Bradford Guardian or Fallkniven F1 ($$), which you could use to baton kindling. TOPS and ESEE are also brands worth checking out.
Backpacking - A lot of people are looking for very light weight, like CRKT's M-16 or M-21 ($), Gerber Kestrel Ultralight ($$).
There are literally hundreds of good options out there, I've just listed some that I know are popular and like personally. You can spend $20 on cheap ones but I'd recommend against it, $40 on decent ones (lots of good options here), or $120-140 for some serious steel. Or a lot more...as with all purchases, you will get what you pay for at every price level, and opinions about which one is "best" vary widely.
Get a Benchmade bugout.
No offense to the drop here, but the bugout is lighter, and you have very good long term support. The Benchmade warranty is probably the best in the business.
I've not seen a response yet on omega springs for this knife, so long term heavy use would be a concern.