Panic Buying Gone Crazy

[Bobio]

Went to my local gun store. Shelves were bare of semi auto rifles. Pistols and shotguns had the normal amount of stock.

[RobGR]

Given whats going on these days I disagree
Guns are always an investment but, just like precious metals, If you buy or sell at the wrong time, you are screwed. Bottom line is a gun is a solid object that you can have and hold.
Money such as the US dollar is simply paper with shrinking value these days.
So, even the poor knothead who spent $500 on a stripped lower at least has a stripped lower. Next week that $500 dollars may only buy him $475 worth of food or stripped lowers may be going for $600.

The buyers are just paying the price for coming to the game late

To us people who actually shoot, yes, they are equities, but to the average guy who will buy it and it'll sit in his closet... no. In a few months, if there is no additional AWB legislation, he'll wonder why he even got it, realize he doesn't really want it and sell it. At a huge loss! Or, he'll catch the dreaded and very contagious black rifle disease and continue his downward spiral

All the people trying to take advantage of this situation and selling their 30 rd rebuilds for $50 are going to look like real a**holes in a few months when this blows over.
Its times like this when the gun community needs to come together and work to keep our 2a rights from being infringed upon rather than trying to price gouge other calgunners.
Makes me sad and kind of disgusted.
STOP FUELING THE

While I agree with you to a certain extent, it's the people who are actually throwing their money away that are to blame. They did not prepare and it is their loss. If I had a S&W M&P 15 Sport sitting around that I could sell for $2k, hell, I would! I just had a baby girl and that extra cash could go a long way. But I have prepared and purchased what I want and stocked up where I needed, no more, no less. My only issue with the whole fiasco is that that I wanted to buy a Saiga in 545x39 for a project gun and then this ridiculous buying craze suddenly kicked in... no project gun for me. Probably saved me from dumping money into something I probably didn't need anyway, ha... no, I needed it.

[compulsivegunbuyer]

For me, shooting is a hobby. Guns have some intrinsic value, but are not like gold and silver, come on. If their was a complete collapse of society, they would have trade value for sure, much like the frontier days. But when I hear the gold comparison, gold is 1700 an ounce, and an AR15 is $300 a pound. Not there yet.

[colossians323]

For me, shooting is a hobby. Guns have some intrinsic value, but are not like gold and silver, come on. If their was a complete collapse of society, they would have trade value for sure, much like the frontier days. But when I hear the gold comparison, gold is 1700 an ounce, and an AR15 is $300 a pound. Not there yet.

hmmmmmmmmmmm lead and brass have increased 300% in less than a one week period. I have not seen that happen to gold and silver yet??????

[compulsivegunbuyer]

hmmmmmmmmmmm lead and brass have increased 300% in less than a one week period. I have not seen that happen to gold and silver yet??????

When whatever laws are or are not passed, this will die down, and if no laws are passed, crash, and if a permit system passed, crash. And if Feinstein gets her way, your stuck with what you got, risking a felony selling any of it. This is no different than chainsaws and generators in a disaster. Theres no long term stability in it, so it is not like gold and silver.

[drkphibr]

hmmmmmmmmmmm lead and brass have increased 300% in less than a one week period. I have not seen that happen to gold and silver yet??????

You forgot polymer...$15 Pmags are now going for up to $100 ea.

[compulsivegunbuyer]

Now, if a ban goes through where you can tranfer banned mags and guns, then yes. They most likely wont stop making ammo, so those gains are sure to crash, just like last time, just like next time.

[Jed peters]

Yeah not buying anymore and will support shops that didn't gouge. Bob at MTG sold me his last 2 cases of XM855 AND gave a discount. Bought one of the last SIG 716 Patrol rifles at Wild Bill's at the same price as over a month ago. None of their rifles were marked up as people were lining up and snatching them off the shelves. They could have easily added another $200-400 per rifle but they kept pricing the same.

Yeah, so much for that....they most all guns marked up at Wild Bill's.

[Bobby Hated]

please tell me again how supply and demand inflates prices...

because there's more stripped lowers and rebuilds on calguns marketplace right now than i've ever seen.

[johnyreb]

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=323453596

Lol I bought one last month for $600 from my ffl.....

[colossians323]

When whatever laws are or are not passed, this will die down, and if no laws are passed, crash, and if a permit system passed, crash. And if Feinstein gets her way, your stuck with what you got, risking a felony selling any of it. This is no different than chainsaws and generators in a disaster. Theres no long term stability in it, so it is not like gold and silver.

Sorry........gold/silver just have longer cycles of increases and decreases, the same ones we are experiencing in the firearms market

[compulsivegunbuyer]

Sorry........gold/silver just have longer cycles of increases and decreases, the same ones we are experiencing in the firearms market

Gold/Silver is a hedge against inflation

Firearms/ammo is hedge against legislation

Not the same

[RobGR]

http://www.gunbroker.com/Auction/Vie...Item=323453596

Lol I bought one last month for $600 from my ffl.....

Does not cease to amaze me, every day it's something mind boggling on GB.

Guys trying to trade WASRs for M1As, stripped lowers going for $800 each, human sacrifice, dogs and cats living together... mass hysteria!

[Supertac916]

Now, if a ban goes through where you can tranfer banned mags and guns, then yes. They most likely wont stop making ammo, so those gains are sure to crash, just like last time, just like next time.

I'm still waiting for AE, Rem, and Win .223 ammo to crash back down to $2.99 a box. Still hasn't happened It's like gas prices. People complained about $1.50 for a gallon gas and now they're happy if it's under $3.50 because they once paid almost $5. Same thing happens with ammo. It never crashes back down to it's original price after the craziness.

[colossians323]

Gold/Silver is a hedge against inflation

Firearms/ammo is hedge against legislation

Not the same

I don't know, bought when low hedging my bets that inflation (election) would be on my side, and I won, isn't that what investing is about? Trying to beat the market?