Firearms and the economy

[Slater]

From all the media reports, seems like a recession is on the way, if not already here. Some predict a severe downturn. If this occurs, what will happen to firearms prices in general? Will prices rise, fall, or remain stable?

 

[Picard]

I'm guessing that they will rise, but more so due to election scares than the economy.

I guess we'll have to see what happens. It seems like our nation is heading into a very interesting time in history.

 

[Duke Junior]

I guess we'll have to see what happens. It seems like our nation is heading into a very interesting time in history.

Interesting is putting it mildly!

 

[Treo]

I would think demand is going to go way up which will drive the price up. I'm thinking we'll she alot of non gunny types buying some of the cheaper ( as opposed to less exspensive) guns too. And I'm thinking that as the dollar loses value the dollar price may go up even if the actuall value of the gun doesn't.
But hey what the hell do I know?

 

[CWL]

I think prices will stay the same. Bad economy, nothing sells, dumb move to raise prices.

As for used guns, there will be more people needing to unload toys so I think used gun prices will probably drop.

 

[JImbothefiveth]

Between preparing for bans, any taxes the brady bunch's cronys want to pass, and inflation, firearm prices should actualy go up.
There may also be a rising number of people buying guns to defend themselves if the economy has them worrying about crime, or buying hunting rifles, to save money on meat.

 

[SsevenN]

Yeah with the "gloomy" economic state of things I'm going to be doing a good ammo run today.

I'm not overly concerned, just looking foward to upping the supplies.

 

[Starship1st]

Due to the election uncertainty, it is anybody's guess who will end up in the White House. It looks like the congress and senate will be full of the Brady Bunch. I intend to order my rifle by Nov 1. Just in case the election turns sour and guns and ammo prices start to go up due to the panic.

 

[jad0110]

My prediction is that prices will go up in general, especially on EBRs and other semi autos. Everybody and the mother is buying guns right now (good for us), including an Obama supporter in my office ! Despite the panic you see on TV and reflected in the up and down market, most people are still going to work everday as usual, working hard and bringing home the bacon. My guess is that the number of folks having to dump their guns for cash is outweighed by the sheer demand out there. My local gunshop said their sales are up about 35% over the same time last year.

Perhaps a bit off topic, but though times are certainly turbulent, the fact that we are in an election year is magnifying everything to absolutely rediculous proportions. Heck, the latest numbers are out from the Bureau of Economic Analysis and Gross Domestic Product actually went up a respectable 2.8% Imagine that! Think Chicken Little on the nightly news will report that?

Recession: A period of two quarters of negative GDP growth.

By definition, we aren't in a recession, despite what all the goobers on TV pontificate. That's not to say that things aren't tough out there for a lot of folks; I just get irritated as heck when the word is mis-applied, that's all.

 

[possom813]

I think the prices will go up, at least a little.

 

[daskro]

Used firearm prices will go down since more firearm owners will lose their job or take up other jobs that will force them to sell their collections to make ends meat. We have a savings crisis in the US right now and the hobbies will be the first to be liquidated.

 

[wally]

It's hard to predict. The Dollar has gone up significantly against the Euro, oil prices are down nearly 50% from their record high.

If Obama wins with a filibuster proof majority in the Senate I'd expect a gun buying panic as soon as the reality sets in. Expect inflation as its the only way to pay off all the bad debt that is out there.

Personal hardship will likely increase the supply of used guns, but folks will tend to hang on to what might be banned until they have no choice.

The goobers on TV have been claiming recession despite the fact that we are not, because they want Obama to win. Problem is they have panicked enough people world-wide that we could end up with a bad one soon.

--wally.