I'll Tell you my secret to avoid being scared s***less of Elk. Buy an expensive bow, then buy an Elk tag. I bet my last dollar you won't run across any in the woods till the seasons over. wink
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Cost is relative,they arent that expensive for some quality bows,few hundred bucks can get some awesome bows.Boy would I love an Elk,thats a lot of meat!

As for defense ,a stick beats having nothing IMO.