JustinJ
Member
Buying guns with the intent to sale isn't exactly legal, as I understand it. That aside, you will not just be out whatever you spent. You'll be out all the interest that the money would have otherwise accrued.
Anyone looking to a profit on the next panic?
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Buying guns with the intent to sale isn't exactly legal, as I understand it. That aside, you will not just be out whatever you spent. You'll be out all the interest that the money would have otherwise accrued.
While I know it's never a good idea to assume people will act rationally, I sure hope the people who foulishly paid $2500 for an AR and $100 for a Pmag during the panic have learned something now that prices for ARs and magazines are at pre-panic lows. If people would use a little common sense there would be no chance for others to profit from these panics.
X-Rap
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Having live through the AWB, and a couple election panics as well as a few tragic shootings that sent Washington into panic I'd say that the American public learns little from the past and along with converts and new youngsters coming of age there is never a shortage of those caught with their pants down in a crisis.
As far as interest on ones money from a CD or savings account I'll take my chances on guns and ammo any day.
As far as interest on ones money from a CD or savings account I'll take my chances on guns and ammo any day.
Reefinmike
Member
for as long as I have remembered, prices for anything gun related have never dropped quickly, but simple magazines can go from $12 to $100 overnight. I see it as an investment that wont go belly up on you.
With today's interest rates, I'd rather have something I can enjoy looking at, and maybe, even using.
Every gun I've bought, I intend to pass on - either sell, trade, or gift. I can't live forever.
sig228
Member
Sales of guns with a profit motive in mind can be looked at by the ATF as unlicensed dealing if these are other than an occasional sale. Although there is no hard and fast rule, i would avoid this. Are you sure you are ready to go down that road if you are not an FFL?
InkEd
Member
I will definitely stock up on magazines before the next election.
BOTH of the parties are mentioning candidates ....Hillary (D) and Christie (R).... known for being VERY anti-gun!
BOTH of the parties are mentioning candidates ....Hillary (D) and Christie (R).... known for being VERY anti-gun!
Rembrandt
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We've been given a glimpse into the future.....the items that will sell out quick: receivers, magazines, parts kits, reloading supplies, ammo, and AR/AK's. Why is this?.....because laws can emerge overnight to make them restricted or heavily taxed.
Not a matter "IF" it will happen again.....but rather "WHEN"? The format has been laid out by several states to legislate and tax these items out of existence. Only a matter of time before other states follow suit looking for new revenue sources.
If you don't heed these warnings, then you will be prime pickings for gougers and entrepreneurs who saw it coming.
Not a matter "IF" it will happen again.....but rather "WHEN"? The format has been laid out by several states to legislate and tax these items out of existence. Only a matter of time before other states follow suit looking for new revenue sources.
If you don't heed these warnings, then you will be prime pickings for gougers and entrepreneurs who saw it coming.
splattergun
Member
Good growth mutual funds. Put the $ in every month and leave it there.
Averageman
Member
Quote:
If the worst happened and I never sold it, essentially I would have bought ammo for the next couple of years and have a gun for each new grandkid and a basket of magazines to go with it.
Buying guns with the intent to sale isn't exactly legal, as I understand it. That aside, you will not just be out whatever you spent. You'll be out all the interest that the money would have otherwise accrued.
Well let me rephrase that then, I'm setting the guns back for my grandkids and will only sell it if I absolutely NEED to;.... see how that works? Everytime I have bought a gun in the last ten years I have purchased one for my Son just like it with this very thought in mind; If he doesn't want it it is his to do with as he pleases. The ammo I'm going to buy and use anyway, thats pretty much a given. So as far as it goes, it looks okay to me.
Good growth mutual funds. Put the $ in every month and leave it there.
I have a great 401K an IRA and a retirement check every month, but all of them pale in to comparison when you look at the future potential gain of P-Mags and ammo if history repeats. I am old enough to have seen this happen a couple of times now. I really don't see it as "If" just as a "When."
While I know it's never a good idea to assume people will act rationally, I sure hope the people who foulishly paid $2500 for an AR and $100 for a Pmag during the panic have learned something now that prices for ARs and magazines are at pre-panic lows. If people would use a little common sense there would be no chance for others to profit from these panics.
I'm not very confident in people using common sense, as a matter of fact; I'm planning on panic buying and emotional chaos. I would like to think human nature is better than that, but I haven't ever been disappointed when I count on people being irrational.
If the worst happened and I never sold it, essentially I would have bought ammo for the next couple of years and have a gun for each new grandkid and a basket of magazines to go with it.
Buying guns with the intent to sale isn't exactly legal, as I understand it. That aside, you will not just be out whatever you spent. You'll be out all the interest that the money would have otherwise accrued.
Well let me rephrase that then, I'm setting the guns back for my grandkids and will only sell it if I absolutely NEED to;.... see how that works? Everytime I have bought a gun in the last ten years I have purchased one for my Son just like it with this very thought in mind; If he doesn't want it it is his to do with as he pleases. The ammo I'm going to buy and use anyway, thats pretty much a given. So as far as it goes, it looks okay to me.
Good growth mutual funds. Put the $ in every month and leave it there.
I have a great 401K an IRA and a retirement check every month, but all of them pale in to comparison when you look at the future potential gain of P-Mags and ammo if history repeats. I am old enough to have seen this happen a couple of times now. I really don't see it as "If" just as a "When."
While I know it's never a good idea to assume people will act rationally, I sure hope the people who foulishly paid $2500 for an AR and $100 for a Pmag during the panic have learned something now that prices for ARs and magazines are at pre-panic lows. If people would use a little common sense there would be no chance for others to profit from these panics.
I'm not very confident in people using common sense, as a matter of fact; I'm planning on panic buying and emotional chaos. I would like to think human nature is better than that, but I haven't ever been disappointed when I count on people being irrational.
Onward Allusion
Member
I have a ton of 10/22 mags that were purchased for $7. I actually sold a dozen or so for about $50 to $60 a piece. Let me tell ya - it was a total pain in the tush. Having to deal with newbies in the middle of the panic was a joke. It was not worth the 8x return for what amounts to spare change after all is said and done. I can't even imagine doing that on a large scale. Not worth the hassle of dealing with newbies.
If you really want returns, toss money into healthcare. You have aging and dying baby-boomers who need assistance for years to come. If you want something more tangible, buy silver. Not on paper. Buy ingots of it. Better yet, buy all the "junk" silver you can get your hands on. Junk silver being US Silver Coins pre-1964.
I'll say it again. Buying guns & ammo as an investment is not a good investment. If you like G&A, invest in the companies that make 'em.
If you really want returns, toss money into healthcare. You have aging and dying baby-boomers who need assistance for years to come. If you want something more tangible, buy silver. Not on paper. Buy ingots of it. Better yet, buy all the "junk" silver you can get your hands on. Junk silver being US Silver Coins pre-1964.
I'll say it again. Buying guns & ammo as an investment is not a good investment. If you like G&A, invest in the companies that make 'em.
Don't compare the money from a fund with the money from warehousing a commodity against your 401k. You'd buy stock directly in the companies or purchase partnership. Then, of you wanted to liquidate you'd sell the shares directly. It is a mistake to compare your return on a 401k plan managed by someone to direct partial ownership vs. purchasing a commodity like ammunition or firearms. Make your buys directly, take your dividends annually or sell your shares to other interested parties and don't pay anyone anything to do what you yourself think you can manage. A firearms or ammunition related company is capable of making far greater returns than a shed full of pallets. It ain't as much fun as having ammo or guns to shoot or sell, but you're talking about a return on investment and not some excuse for a hobby.
Gotta agree with the above. I'm not sure the ATF has much better to do than go after unlicensed sellers, and right now at least a few people are probably bookmarking this thread so they can report you in 5 - 10 years when you try to sell them guns & ammo for 2 - 3x what you paid.
husbandofaromanian
Member
I bought 12,000 rounds of Federal 714 for less than $20 per brick before our 57-state leader was elected the first time... I sold all of them for $50... I did not buy them for the purpose to sell them... I simply found ammo that worked better for me...
I will inventory what I need to keep shooting through the next panic. Folks that did not plan can cry and whine at the profiteering.
I prefer that my investments pay dividends and interest. I would rather get some return on the way as opposed to hoping to make a windfall when I sell.
But, whatever floats your boat.
I prefer that my investments pay dividends and interest. I would rather get some return on the way as opposed to hoping to make a windfall when I sell.
But, whatever floats your boat.
Hanzo581
Member
The Capitalist side of me sees nothing wrong with your plan. People WILL NOT learn from prior scares and they will continue to pay crazy prices during the next panic that will happen, not a matter of if but when.
But as a member of our cause I just can't bring myself to screw over people. Sure it is their choice whether or not to buy, but I can't prey on the stupid.
But as a member of our cause I just can't bring myself to screw over people. Sure it is their choice whether or not to buy, but I can't prey on the stupid.
X-Rap
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I built and sold houses through the last bubble and saw houses I thought paid a nice return flipped or appraised a year or so after for 80-120K more than I sold. That happened up until the bubble popped and those buying at the end are upside down until the next boom.
Should I feel guilty over building houses for the eager public to buy that were grossly over inflated because of a panic that made people believe they would never see a price that low again?
I can't speak for anyone else but I sure wouldn't put money into any endeavor that had risk unless it was in excess of what you need to get by. That same opinion goes for stocks, bonds or real estate.
I do believe that after seeing a couple of the recent cycles that a 20K outlay for things that get scarce and in demand would have yielded back 80-100 at the peak which is pretty good return, I don't believe there is any guarantee that the next will be as good but it may be better, that's the risk.
It's not going to pay for retirement in Costa Rica but it would sure cover my shooting hobby for the rest of my days.
Should I feel guilty over building houses for the eager public to buy that were grossly over inflated because of a panic that made people believe they would never see a price that low again?
I can't speak for anyone else but I sure wouldn't put money into any endeavor that had risk unless it was in excess of what you need to get by. That same opinion goes for stocks, bonds or real estate.
I do believe that after seeing a couple of the recent cycles that a 20K outlay for things that get scarce and in demand would have yielded back 80-100 at the peak which is pretty good return, I don't believe there is any guarantee that the next will be as good but it may be better, that's the risk.
It's not going to pay for retirement in Costa Rica but it would sure cover my shooting hobby for the rest of my days.
Huskerguy
Member
Personally I don't see a problem with this. It is capitalism. You are taking the chance with your money by buying products you think will be MORE valuable in the future. You are taking all of the risk. No one is holding a gun to anyone's head to buy or not buy including yours. During the panic I refused to pay the extra high prices. I was fortunate in that some area LGS kept their prices the same although inventory was low.
That being said, there is a difference in gouging which is a fine line. I thought about selling some stuff during the panic but didn't and was not going to jack it up to a ridiculous amount. I think a lot of people that were burned with $3,000 Ar's are gong to think twice the next time. Maybe
I think if you can put that 10K you talked about into items that will appreciate 3-5% a year then you are beating the banks for sure. Nothing wrong with that.
That being said, there is a difference in gouging which is a fine line. I thought about selling some stuff during the panic but didn't and was not going to jack it up to a ridiculous amount. I think a lot of people that were burned with $3,000 Ar's are gong to think twice the next time. Maybe
I think if you can put that 10K you talked about into items that will appreciate 3-5% a year then you are beating the banks for sure. Nothing wrong with that.
Black Butte
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Giving fellow Second-Amendment supporters the shaft just to make a few bucks would make me feel awkward.
Hanzo581
Member
Is it a risk though? I mean let's say you buy a pallet of 30 round PMAGS, you'd likely get a pretty decent deal so what are the chances you'd lose money on them? At the very least you could get your money back out of them. Unless for some reason the price of them plummet for some crazy reason.
Black Butte
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I knew a retailer (Clips 'N' Stuff out of Albany Oregon) whose business centered around selling regular ("high")-capacity magazines during Clinton's gun ban. He had a large inventory when the AWB sunset and lost a lot of money.
X-Rap
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Most of this discussion is hypothetical for me since I did nothing to make great profit from any recent shortages. I have in fact helped my friends stay in ammo and prior to the panic encouraged them to keep a decent stock. Today quite a few of them are believers and I will encourage any who will listen to do the same.
I don't however see a problem with adding to the stores that I believed to be adequate for my use for the next go around and won't have reservations about placing market value on those items.
If I read your comment right those who think ahead and put some cash at risk should just sell for what they paid for it for the benefit of their fellow man, right? Or just not think ahead and stock up so that poor planning shooters have to go without? Like it or not this boom bust cycle isn't going to stop until the gov. infringes to a greater extent than they already have and then of course all bets are off.
VegasAR15
Member
Buy something that in the worst case scenario you use or sell it for what you paid for it, best case scenario you sell it for a large profit and buy more guns. Sounds like a horrible proposition to me.
Six months ago I sold an AR to someone that happily paid $2000 for it, I went and bought myself an M1 Garand, an M1 Carbine, and a WWII P38 with the money and I had a little bit left over. Sorry, I am not going to apologize for that one. I traded someone a stripped polymer lower and some AR mags for a German K98, don't regret that one either. I made a little chunk of change selling other stuff in the early part of this year, and it all got turned into more guns, ammo and accessories. If I can make some money and greatly further my collection in the process then I have no issues.
If history shows us anything, this will happen again and not necessarily because people are killed. It happened to a lesser extent when Obama was elected. People do not learn, people will panic buy and there will be more panics. I do not see anything wrong with buying a few extra lower receivers, BCGs or magazines if you find a good deal on them.
People flip houses, people flip cars, people flip antiques, people make money on all kinds of things. We just had a huge drop in the stock market recently, did anyone get all butt hurt when some people bought low and are now selling off some in the bull market?
Next time there is a panic don't get mad at people who invested their cash and time into a commodity for the opportunity to make extra money or trade for nicer firearms. There is no reason to get angry, get screwed, or go without when you can turn lemons into lemonade.
Six months ago I sold an AR to someone that happily paid $2000 for it, I went and bought myself an M1 Garand, an M1 Carbine, and a WWII P38 with the money and I had a little bit left over. Sorry, I am not going to apologize for that one. I traded someone a stripped polymer lower and some AR mags for a German K98, don't regret that one either. I made a little chunk of change selling other stuff in the early part of this year, and it all got turned into more guns, ammo and accessories. If I can make some money and greatly further my collection in the process then I have no issues.
If history shows us anything, this will happen again and not necessarily because people are killed. It happened to a lesser extent when Obama was elected. People do not learn, people will panic buy and there will be more panics. I do not see anything wrong with buying a few extra lower receivers, BCGs or magazines if you find a good deal on them.
People flip houses, people flip cars, people flip antiques, people make money on all kinds of things. We just had a huge drop in the stock market recently, did anyone get all butt hurt when some people bought low and are now selling off some in the bull market?
Next time there is a panic don't get mad at people who invested their cash and time into a commodity for the opportunity to make extra money or trade for nicer firearms. There is no reason to get angry, get screwed, or go without when you can turn lemons into lemonade.
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