Laughing at the so called shortage.

A company looking to build a mall is investing in a location and property. They are also going to pay taxes, create jobs, and provide a service. The people buying up all the ammo and flipping it aren't going to pay taxes on the profits (anything over $400 is generally taxable income) and are simply adding ANOTHER middleman to the process of buying ammo. I don't mind hoarders personally, but flippers are on my sore side. Not to mention with all the flipping going on there's no telling what kind of person you may be dealing with.

Where is it all going? Are they shooting it after they buy it for $1/rd? I think profiteering is deplorable but it's a reality I suppose. People compare it to buying and selling stocks or land, but the primary difference is that at the time they are bought and sold they are actually worth the market price. The ammo is artificially inflated due to the panic, .223 isn't really worth $1/rd but it brings it right now due to fear.

It's a shortage, people. The demand > supply. Scalpers aren't the problem. Concert goers aren't the problem. TicketMaster isn't the problem. The problem is there are only 1 thousand seats, and 10k people want to see the concert, cuz the liberal media and Obama have hyped it up to be the biggest show, ever.

This time next year, when there's the same 1 thousand seats, but only 500 people want to see the show, the scalpers will be gone, and ammo will be on the shelves, again.

kingmt said:

People keep trying to convince me I don't save money reloading.

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I never said one does not save money reloading. What you do with the savings is up to you.

Have fun with casting. A good addition to a reloading hobby.

kingmt said:

So if a company wants to buy your house say to put in a mall do you sell it to them a residential price of the $30K it was worth or do you want them to pay the commercial price?

Just asking.

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I don't see how that has any relevance to the situation at hand. The house would represent something that you had owned for a long time and were selling due to the increased market value. That would be the equivalent of someone with a stockpile of ammo selling some off under the current market at an increased price. It would seem that is a good way to make money for someone who was overly prepared, a strategy that I doubt anyone here would criticize.

A more accurate analogy would be swindling an old lady (or someone else who didn't know any better) out of their house at fair residential market value and then turning around and reselling it to the mall for an increased commercial value. Still legal, and a great way to make lots of money, but reeking of very dubious ethics.

I have been flipping guns, ammo and accessories for 30+ years. It is not me who has panicked and driven the prices up. It is the unprepared and procrastonators that have. Most of my stock was purchased up to a decade ago. Is it my fault others chose not to buy two bricks of 22 lr every week or so while it was plentiful? Is it my fault you didn't buy primers last year?

To blame me is to deny your own culpability in your lack of preparation. I have sold almost as much for what I paid as I have doubled or tripled down on. Do I owe some guy in Texas a deal because I have spent 20 years buying and building relationships with LGS's while he was buying bare minimum stock from cheapest internet source? Look in the mirror folks. You all had the same opportunity I had. You all saw the Bush ban, the Clinton freak and others. I actually gave three bricks away last week to a local Boy Scout group. I have purchased six specific 22's just to help Scouts earn their marksmanship merit badge. I have personally supplied the guns, ammo and my time for over 500 Boys to learn to shoot through that program. Have not seen y'all out there with me. I will use a lot of the proceeds from the crowd that freaked due to being unprepared to finance future scouts. I have a friend a brick two weeks ago because his kids were out of rimfire. I chose not to blame his kids for the sins of the father. That said, I did not front him the 500 rounds of 5.56 he wanted to borrow till he could replace. I did let him shoot a 100 rounds of my 45 range ammo. I did not start this run but I was positioned to make a buck. I did it in '86 and several others. I will do it next panic and if your not prepared for it, not my fault.

I have zero to do with these problems. I am a trader at heart. I am trying to wake some of you up and really don't care what you think of me but do know in my heart of hearts that if you blame me its misplaced. You can't go to the gun store? Whine! How often have you ridden by and not stopped? How many times have you bought that gun show "deal" instead of working with your LGS? There is a reason I get text messages when stock arrives. When everything returns to normal they know I will still be supporting them instead of ordering for a few dollars less on the internet. I spent decades putting together a 5 man power buying co-op that purchases 25,000 primers a quarter from our LGS. You think if you flipped a local guy 100,000 primer per year deal plus the powder they ignite you might be on the A list? It is not me paying stupid prices. Some of what I am selling was actually purchased in the 1980's knowing there would be a need for extra some day. If I were truly evil I would sit on it all and laugh. I offer it and let the market that failed to prepare set the price. I have sold 11 SKS's in past few months. I purchased one a week for over two years when they were 90 bucks with 600 rounds of ammo. All 11 have gone to men that were ecstatic to get a rifle and ammo in one deal. I let them make the offer and have never had to counter offer. On all of these sells, the buyer asked "how much?" and I said make me an offer. Every time I room their first offer. Not my fault they thought they were worth 600 to 800 bucks every single time.

The best lessons in life are usually hard earned. Blame me or learn. If you don't, you will be in the same boat next run. Stop by my place and I will break out a brick of 22's, couple hundred centerfire and we will blaze away on my dime. But I owe a stranger zip. At the beginning of this I had three THR regular users ask me to hook them up. One guy I burned my own gas, invested my own cash to buy him 3,000 small rifle primers. He committed to the deal at 30.99 per 1,000 which is my LGS shelf price. All he had to do was reimburse me exact investment plus shipping. I called just 1 hour later with his primers in hand. He told me had just found some 7.62x39 at Wallyworld and traded them for primers and didn't need the ones I picked up for him. Two others I purchased powder for and bullets who once I had their desires in my hand happened to find enough on the internet to get them buy and left me holding the bag. I have five packages of free brass and bullets going out to THR patrons when I get my wife out of hospital on Wednesday. One decent kid is getting 250 cast bullets free and I am picking up shipping as well. I have cases going out and even gave away a pound of powder. That said, if I roll into Wallyworld tomorrow and find 500 more Federal .223 on shelf I will buy them and post them for auction. I purposely left 500 on shelf today for next guy. I have been going in a couple evenings a week to help a couple LGS's stock shelves for free. SO LISTEN UP, NOT MY FAULT YOU HAVE NOT BUILT RELATIONSHIPS OR THAT PEOPLE WHO PANIC PAY STUPID PRICES? You going to blame me for buying preban Colt AR's in early '80's for 425.00 NIB? I am really a nice guy. I have taken over 600 Boy Scouts out for entire weekends to get their rock climbing merit badge. In addition I take half a.dozen or more church youth groups climbing per year. That burns up to three ropes a year? I mule over 5,000 dollars worth of medication to a Catholic orphanage/clinic in Peru every two years. Yes, beating my own chest a bit but you unprepared are financing my ministry work in Moldova, Peru, Bolivia, West Virginia and Louisiana swamps. Because I flip some guns and ammo to keep me shooting, kids shooting and other projects running you are accusing me of being the problem. Absolutely not. Come meet me and see of your presumptions fit. So just trash talk out of ignorance, blame others for your inability to participate in a sport you didn't prepare to play and I will roll into the LGS tomorrow and Wallyworld, pick up some more ammo while you whine and make it available to top bidder. If I get no bids, I will quit. So time to end the rant. This is free education for the future. This is a short term deal, don't let short term memory put you in the same spot next time.

ole farmerbuck said:

I think that is just wrong Hueyville,just wrong. You can argue back all you want but that is WRONG!!!!!!!!!!

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Ever merchant in existence makes the money that they make by buying something and then selling it for more than what they paid for it.

That's the name of the game - you go out, you buy something that you know you can sell for more, and then you sell it. Doesn't matter if its baseball cards, cars, houses, or ammo.

Thats what the free market economy is about. Eventually either demand will drop or supply will catch up and prices will fall, but don't blame people for selling an item for what another person is willing to pay for it in the meantime.

Hueyville, you have completely changed your story.

I have been flipping guns, ammo.........

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You MAY not want to post that on a public forum.

I'm a new member. Just joined to look for some hand load data but stumbled onto this thread. I'll only say that there is a difference between legal and ethical. Huey is well within his rights to flip ammo but I don't like seeing it done. I can't go to Wallyworld every morning and wait for the truck to arrive but I know that every evening when I do go by there, the shelves are empty.

mgmorden said:

Ever merchant in existence makes the money that they make by buying something and then selling it for more than what they paid for it.

That's the name of the game - you go out, you buy something that you know you can sell for more, and then you sell it. Doesn't matter if its baseball cards, cars, houses, or ammo.

Thats what the free market economy is about. Eventually either demand will drop or supply will catch up and prices will fall, but don't blame people for selling an item for what another person is willing to pay for it in the meantime.

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SO grandad takes his grandson to walmart to buy a box of ammo to go shoot and there isnt any because hueyville just left with all of it to sell on gunbroker is right? Wrong man wrong!

I think it may actually be illegal to buy gun after gun with the intent to resell for a profit. Someone correct me if im wrong.

It's illegal without a FFL.

I wonder how much he turns in for taxes.

I just went to wally mainly to humor myself, partially to see if maybe they had some 22 because im down to a brick, dont shoot much 22 since 45 is cheaper . anyways, three boxes of .243, a box of turkey shot and three boxes of birdshot. I hate walking out of a store empty handed so I bought myself a bottle of hoppes delicious banana solvent air freshener

hueyville,
Haters are going to hate. I am a capitalist. I control my own destiny. I see no problem with you selling anything you own on the free market. I applaud your zero risk business acumen. What, no one wants to buy my ammo? Great, I'll go shoot it!! Either way, you win.

On 9/11/2001, I walked into my LGS and grabbed a case of 223 I didn't really need. It was a ghost town. Everyone else was at their 9 to 5 jobs because they didn't want to miss their free bagels. Then they all sat around and didn't do a productive thing all day long.

I really just wanted to post before they lock this thread

close er down! too much bashing and name calling here

There's a difference between buying when prices are low and selling when they're high, and buying when stuff is scarce and flipping it for 200-400% mark-up. Hueyville I have no problem with you selling the stash you have built up over the years, even if its for 10x what you paid, but that's a different story from the flipping that's going on.

ole farmerbuck said:

I wonder how much he turns in for taxes.

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Sounds like he's a minister or something. I think they're exempt.

Justifying profiteering is as sad as doing it. *shrug*

I bought guns 20 years ago with intent to pile up like fire wood. Now an opportunity has arisen. I have not changed my story. Still flipping to those willing to pay. I give to those who need and hook up those that are polite. That said, I need to get some primers from ATL to Texas for a "polite" member of this board. If someone can figure out the transfer, I will be taking a loss on this deal. Yes, I flip locally and on interwebz. But that said, done my best on three occasions to hook up THR users with zero markup only to be stabbed in the back after investing my cash to help them. So someone figure out a way to mule these primers to Houston from ATL so a fellow patron can shoot his rifle. Hazmat kills his "deal". I really enjoy this button pushing as it seems to separate the whiners from the rational.

Your words are not jiving. You stated that you make rounds every day to buy available ammo to flip for a 300-400% profit. You are helping no one but yourself. The ammo would be available at the stores you bought it from for people to buy at normal prices with no markup. No one has a problem with you selling stuff you have had besides this daily buy flip buy flip you yourself so eloquently described to us which is probably against the law and probably would be considered taxable income by the IRS since you stated you are doing it for profit. Sounds like you are trying to worm out of this hole you have dug for yourself.