Hello I am Magnumdweeb and I have given into the PANIC

[MagnumDweeb]

I spent most of the night working late so I could take Wednesday off. In the middle of it all I thought I would take a break to catch up on the news. My first mistake, then I went on yahoo news, second mistake, then I got caught up in the panic. So now I have 5 30rd magazines coming in for my 16" Saiga .223, and 2000 rds coming in for my AKs and my one SKS. I still have over 3000 rounds of .223 so I couldn't justify buying anymore plus enough reloading components for 2000 fresh rounds and few thousand more reloads (thank you 2008).

I thought I was stronger than this. I thought I was better. I'm not. I've got ten 30rd AR 15 mags, six AK 30 rd mags, and twelve 20rd CETME mags plus eight FAL 20 rd mags. Seriously am I paranoid? I just know too many people from 1994 who got burned. I keep seeing ammo go back up. Is this the new mentality for gun owners. If you've got money you spend it on a future that may never come, that you pray never comes.

What's next? I mean I'm thinking of posting my services on Craigslist just to bring in a bunch more money (lawyer) to buy more ammo and magazines. I'm just glad I hate the taste of beer, am too cheap to buy liquor, and pain killers turn my stomach, because I don't want to risk an addiction.

Hello, I am Magnumdweeb and I have given into the panic.

So who else has done it?

 

[ColtPythonElite]

I certainly see stocking up on ammo. It rarely gets cheaper. However, I do not see buying extra mags, especially multiples.

 

[Certaindeaf]

I bought a sack a pinto beans.

 

[CharlieBT]

Guilty. Thinking about a new 12 step concept. Every time panic washes over us, we call a hotline. A group of buddies then comes over and drinks with us til the buying urge passes.

 

[JohnBiltz]

I bought some AR mags. I was going to buy them eventually I just figured I'd pick them up a couple at a time.

 

[JBrady555]

I use dollar cost averaging weekly to stock pile ammo, these panics really hinder my ammo buying.

 

[tsklan]

Too Late to the Market?

Well, I'm probably coming in too late. I always wanted a high-quality AR, something like a Colt 6920, something to pass down. But I'm a teacher and nearly always broke. Do I still have any chance of finding one? I see mostly "out of stock" on the web. Any ideas? Would prefer new from a dealer. Thanks for any advice. Ty

 

[friscolatchi]

Im figureing here in NY all mags greater than 10 rounds, pre ban, will be contraband. I won't spend the money right now until the dust settles.

 

[Twiki357]

I don't have all that many and can't afford to get any more, but I figure that I can take out about a thousand Zombies this Friday before I need to reload any of them.

 

[rdhood]

I always wanted a high-quality AR, something like a Colt 6920, something to pass down. But I'm a teacher and nearly always broke. Do I still have any chance of finding one? I see mostly "out of stock" on the web.

The lower receiver IS "the gun". If you can't afford the whole rifle at once, you could always purchase a lower (if you can find one) and a half dozen 30 round magazines, and build it out into a rifle later. If there ever is a ban, these will be the first two items that will be unavailable.

I have never had the money, all at once, to purchase an AR-15. But I bought a couple of lowers in 2008, and have just recently completed building out one of them into a rifle.

My purchases:

lower ($60) THEN Lower build kit ($80) THEN Bolt Carrier Group ($120) THEN charging handle ($45 for the BCM Gunfighter) THEN 6 magazines magazines ($60) AND FINALLY an upper ($300). That's 6 separate purchases over about 5 years to finally complete my rifle.

 

[Phatty]

I'm not sure I understand the attitude of buying a bunch of magazines/ammo/guns right now beyond what a person actually could ever use. If money is not an issue, than no big deal, buy all you want. But, for example, if I knew that chainsaws were going to be banned starting January 1, 2013, I might go out and buy another one to be a backup to my current one, or maybe I'll even splurge and get two backups. But what would the point be of going out and getting 10 chainsaws and blowing all that money?

Everyone knows the maxim that you're supposed to buy low and sell high. Yet, numerous people will still fall victim to a buying frenzy when the prices are highest. If there actually is a federal ban put in place, it will very likely include a grandfather clause, but also include a provision preventing those grandfathered items from being transferred except back to a dealer. So, there is not going to be some kind of lucrative secondary market for these banned items like there is currenty for pre-ban machineguns. In fact, the value of those banned items will plummet, so its not like you are making a good investment.

I guess my point is that if you currently only have two 30rd magazines for your AR-15 and you've always thought it would be ideal to have six 30rd magazines, by all means go out and buy four more. But don't go out and buy ten more and blow your money just because you got caught up in the frenzy.

 

[preachnhunt]

I have never owned an AR and bought one yesterday at Wide Open Outdoors in Pikeville Ky. LE 6920.
They still had a good selection. I can't really afford it ,but I also gave in to panic. What can I say?

 

[heeler]

I have a pretty good amount of ammo,although I almost ordered some .32 ACP last night but decided not to because I have spent some much money on Christmas.
I may stock up on some 30-30,.243,and .308 ammo when hunting season ends as a lot of stores start running sales on it at that time.
At that point I will clearly see if panic buying is more on handgun ammo as well as .223 and 7.62x39 fmj or all sorts.
Either way at the moment I am well stocked for the possible storm.

 

[Captains1911]

I certainly see stocking up on ammo. It rarely gets cheaper. However, I do not see buying extra mags, especially multiples.

I disagree. I think now is to the time to buy extra mags for any firearm you own that uses them, as long as the price is reasonable. Any enthusiast who lived through the previous AWB understands this. I've been slowly stocking up on Glock mags and Pmags over the last 5 years, to avoid the panic that we are now experiencing. I'm already pretty comfortable with my firearm situation, but if I didn't own and AR or AK though that I might ever want one, I would also be buying a few of those now.

 

[bannockburn]

I have been pretty well stocked up on ammo, mags, and other accessories for a number of years now. Don't believe in panic buying as I bought a lot of my stockpile when prices were lower and replenished it as I went along.

 

[Phatty]

Any enthusiast who lived through the previous AWB understands this.

I just want to caution people that it is not prudent to assume that a future AWB will operate in the same fashion as the previous AWB. The previous ban still permitted transfer of pre-ban weapons and magazines, which created a lucrative secondary market for those pre-ban items. Any time supply is frozen and demand continues to increase, the prices will sky-rocket.

But, I'd venture to guess that if another ban is put in place, transfer of pre-ban weapons and magazines will not be permitted. This will have the opposite result of the previous ban -- now the value of those pre-ban weapons and magazines will plummet because there is no market to sell them. So please don't go out and blow your savings or make a risky financial move thinking that it will pay off in the future.

 

[scramasax]

Not my first rodeo. I have all the guns I can shoot in a month and ammo to last. I have still been tempted to "squirrel away" several more ar lowers, just because. Just finished putting together a lower for a 5.7, had the parts for a couple of months. I have given in to buying a few extra magazines, they were still on sale. I feel sorry for those who have not had the forethought to pre-plan and buy before any panic. As to ammo I have always bought by the case and reload. Not nessesarily a new thing I was raised a gun geek. been shooting competition since I was 8, until physical disability took me out of the running. There are still plenty of ars, magazines and ammo out there.Sell some of your electronic gadgets and buy something of value that isn't obsolete when you buy it. Don't misconstrue that I have plenty of money, been without a job for two years, disabled and refused disability by the government. I just have been patient and spent plenty of time searching for what I wanted. Don't have it all and never will but the search keeps me busy. I now need optics to compensate for my eyesight.

I am sad for the tragidy that just happened beyond words. But , realize that the real sad fact beyond death is the immoral use of the event is the use of it by the anti-agendists.

 

[Captains1911]

I just want to caution people that it is not prudent to assume that a future AWB will operate in the same fashion as the previous AWB. The previous ban still permitted transfer of pre-ban weapons and magazines, which created a lucrative secondary market for those pre-ban items. Any time supply is frozen and demand continues to increase, the prices will sky-rocket.

But, I'd venture to guess that if another ban is put in place, transfer of pre-ban weapons and magazines will not be permitted. This will have the opposite result of the previous ban -- now the value of those pre-ban weapons and magazines will plummet because there is no market to sell them. So please don't go out and blow your savings or make a risky financial move thinking that it will pay off in the future.

I'm not suggesting buying up mags with the intent of selling them for a profit later, I agree 100% that doing so would be unwise. But if you own a pistol or rifle that accepts "high capacity" mags, you need to think hard about how many you would like to have for your own use to feel comfortable, considering how long you plan to own and use the gun. Mags do wear out.

 

[ol' scratch]

I went into my local gun store. It was a bit of a mad house. Ten guys came in at the open of the store. One came in and said he wanted a rifle. When they asked what he wanted he said, "Whatever I can get." I picked up two more mags, but I have been doing that every week for a year for various rifles and handguns. People are about to go into straight panic mode.

 

[Phatty]

But if you own a pistol or rifle that accepts "high capacity" mags, you need to think hard about how many you would like to have for your own use to feel comfortable, considering how long you plan to own and use the gun. Mags do wear out.

I agree 100% with this. That should be a person's goal right now. Don't buy "just because" or as a speculator unless you can afford it. If you're lucky enough to have a lot of disposable income and you want to go on a gun buying spree, have fun.

 

[mcdonl]

I will be looking for the deals in about a year... when all of the panic buys hit the used market.

By chance, has anyone just removed a B&C Medalist stock from their Remington 700 to make it less evil? If so, let me know so I can buy it

 

[huntsman]

I use dollar cost averaging weekly to stock pile ammo, these panics really hinder my ammo buying.

ain't that the truth

I just want to caution people that it is not prudent to assume that a future AWB will operate in the same fashion as the previous AWB.

+100 I can't help but think some are going to be real disapointed with the choices they'll have to make

 

[ColtPythonElite]

I disagree. I think now is to the time to buy extra mags for any firearm you own that uses them, as long as the price is reasonable. Any enthusiast who lived through the previous AWB understands this. I've been slowly stocking up on Glock mags and Pmags over the last 5 years, to avoid the panic that we are now experiencing. I'm already pretty comfortable with my firearm situation, but if I didn't own and AR or AK though that I might ever want one, I would also be buying a few of those now.

I lived thru the previous ban just fine. It's not like mag fed weapons were banned. Carrying 3 ten rounders wasn't much harder than carrying 2 fifteens.

 

[David White]

I bought a sack a pinto beans.

I grabbed 50 pounds of rice!

 

[Zaydok Allen]

I've been slowly aquiring and stockpiling for years. A sale on ammo here, a part there. Panic buying artificially drives prices up because demand gets high.

Seriously all......... please relax. We will all be fine.

That being said, I did make a purchase of a Sig P556 a few weeks ago because I've been saving for it for a long time and it was time to cash in the Cabela's points. Yes the election results had an effect on my decission, but I wouldn't call it a panic buy.

If you are all just reacting to the CT tragedy, I say again, relax. Now is exactly the time that we all need to remain calm, collected, reasonable, rational, and not post things on the internet........... like this thread, that anyone can see and use against us by pointing out how paranoid we all are.

Stay calm guys and gals. We need to prevail with reason and logic, not smash and grab.