waiting til china flu over to sell

782bird said:

Anyone else out there waiting til this crap is over to sell any guns ive got a couple that needs to go but do yall think this is the wrong time to get fair price

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A fair price is always a fair price whether you are buying or selling & whenever that is. If you you have a fair price in mind for the guns you want to sell then go ahead.

pert near said:

A fair price is always a fair price whether you are buying or selling & whenever that is. If you you have a fair price in mind for the guns you want to sell then go ahead

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A fair price is what I get when selling something. A rip off/cheat/price gouge is when someone else is selling to me

It depends, from what I’ve seen collectible milsurps, fine guns, antiques aka non-essentials selling prices have dropped.

The essentials however like modern sporting rifles like the AR-15, ak, home defense shotguns, handguns etc have skyrocketed

I’d sell now if you have something you want to get rid of.

I had a couple I wanted to sell. The lower priced one sold immediately. The other one took a bit longer.

So if it’s lower priced especially I’d put it up immediately. Just take precautions whenever you meet them from both a security sense and with contact precautions on possibly getting sick.

D.B. Cooper said:

I don't doubt your veracity, but can you share a link to news article or something where you read/saw that? I'd like to share it with some people.

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Certainly. I do this for a living. Here's one reference:

https://www.stlouisfed.org/on-the-e...onomic-performance-pandemic-adjustment-period

From the article:

"A normal quarter of production of goods and services in the U.S. recently, in very round numbers, is about $5 trillion. Producing only half would mean that national income is cut to about $2.5 trillion during the second quarter of 2020 when the NPAP is in effect. This is a quarter-over-quarter drop of 50%, well outside historical experience in the U.S."

That's from the Federal Reserve, usually the biggest cheerleader of the US economy that exists. Earlier this month firms like JP Morgan, Goldman Sachs, and Morgan Stanley had released their estimates for GDP and they were abysmal, they ran from around -12% to -30%, which are absolutely horrible numbers. The the St. Louis Fed started talking about -50% for a quarter. That's beyond shocking. The St. Louis Fed also says unemployment could rise as high as 30%. The US workforce is generally estimated to be around 164 million people, and 30% of that is 49 million people. If that comes true, there will be pain like we've never seen.

If you need references for the job losses just google "Initial Jobless Claims". Thats' the economic release that shows how many have filed for unemployment claims each week. For the past few years Initial Claims has run around 250,000 to 280,000 (per week). That's a rough estimate, but close enough for this discussion. Three weeks ago it jumped to 3.3 million for the week. The following week it went to 6.6 million. Last week, another 6.6 million. Those are huge, gargantuan, never before seen levels for Initial Jobless Claims.

During the Great Recession, the highest we saw was around 700,000 in a week. The numbers we're seeing now are almost 10X worse.

Big difference in turning a profit in a supply and demand market and gouging. Caveat Emptor