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Panic Buying Gone Crazy

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  • Creeping Incrementalism
    Senior Member
    • Dec 2005
    • 1721

    Originally posted by bruss01
    This is part of the self-regulating nature of the market.

    If demand goes up (supply remaining constant) then you have more and more buyers chasing fewer and fewer products.
    No, there is actually an increase in product available for sale (see my graph on post #270). We are at point Point P1 on the graph below At a higher price more people are willing to sell.

    The bare shelves we have right now what we have is a temporary lack of supply due to the delay in manufacturing ability. So if you are talking about the immediate time frame as we walk into gun stores with bare shelves, that is a different situation/graph, as the current supply curve would be to the left of S1 in the graph below.

    Eventually, supply will satisfy demand
    No, demand and supply virtually always "satisfy" (meet at some point on the graph) each other, unless there are government imposed restrictions.

    That's how a free market economy works. You're seeing a lot for sale now because it's profitable to sell at the current prices. When prices drop, you probably won't see a lot of people as motivated to sell.
    No, this will not be the short term case if manufacturing increases. Note that in the graph below, once we are at the S2 curve due to manufacturer's ramping-up production, quantity sold will still be higher than the original Q1 amount.

    The only question is how far back will demand fall over the next year. I think it will be further to the right than the original D1 curve even when the panic wears off. The end result if we avoid any bans: Americans buying even more guns on an annual basis than before, at the original prices.

    Comment

    • compulsivegunbuyer
      Veteran Member
      • Feb 2007
      • 2654

      It is crazy out there. Not sure why people buy 5 & 10 AR's at a time, or why they wait until a ban is comming. I am a little older, and was around for the 94 ban. I did not have to panic buy, because I started buying when I was 18. I sat that one out, but I did sell a few things and make a killing. Then a couple years after, things were cheap, dirt cheap. I bought everything I wanted then. Funny thing is, I rarely use any of my RAW's. The 9mm's I'll break out once in a while, but everything else is just too expensive to shoot. Last time I broke out the big boys and took a few people out, it was over $500, and none of them wanted to choke up any dough. When .223 was $99 for 1000 rnds, sure, I shot alot, but at 500-1000 bucks, sorry, shooting aint that fun. I mosly shoot my 9mm handguns now, and a few revolvers. When the ban comes to the floor, I'm thinking of driving out of state and selling most of my RAW's. I'll make an absolute killing on some of them. If the S realy ever HTF, I can only use one gun at a time.

      Comment

      • RobGR
        Veteran Member
        • May 2010
        • 2880

        Originally posted by billt
        I think you'll find the majority of these purchases are in fact impulse buys facilitated with a credit card. This is what occured the last time this happened, after this clown was elected in 2008. Then, after a lot of these people were some how convinced Obama really didn't want to take their guns away, they sold them off to pay revolving credit card interest at 21 1/2%. Now these same people are right back at it again.
        So true. Plastic wallets. History repeats itself.

        "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks & corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

        KrisAnne Hall on Oregon

        "I am sullied - no more" Col. Ted Westhusing

        Comment

        • myk
          Calguns Addict
          • Sep 2012
          • 5955

          Originally posted by compulsivegunbuyer
          Last time I broke out the big boys and took a few people out, it was over $500, and none of them wanted to choke up any dough. When .223 was $99 for 1000 rnds, sure, I shot alot, but at 500-1000 bucks, sorry, shooting aint that fun. I mosly shoot my 9mm handguns now, and a few revolvers.
          That sucks, man. When some first-timers wanted to try my weapons out I told them flat out that they had to go to the counter and buy their own 'ammo and range gear.

          What sort of "big boys" are you talking about?


          I don't always save the world, but when I do, it's in 24 hours or less...

          Comment

          • tackdriver
            Senior Member
            • Jun 2009
            • 1223

            Ah, panic buying.... a nice blend between the rich and the stupid....

            Comment

            • dieselpower
              Banned
              • Jan 2009
              • 11471

              and now it really starts.... hold onto your freaking hats people...


              I pray for the Police who will be asked to go door to door.

              Comment

              • colossians323
                Crusader for the truth!
                CGN Contributor - Lifetime
                • Oct 2005
                • 21637

                Originally posted by dieselpower
                and now it really starts.... hold onto your freaking hats people...


                I pray for the Police who will be asked to go door to door.
                I think we should be calling the number as the author suggests
                LIVE FREE OR DIE!

                M. Sage's I have a dream speech;

                Originally posted by M. Sage
                I dream about the day that the average would-be rapist is afraid to approach a woman who's walking alone at night. I dream of the day when two punks talk each other out of sticking up a liquor store because it's too damn risky.

                Comment

                • triggatronic
                  Senior Member
                  • Apr 2009
                  • 1198

                  Originally posted by dieselpower
                  and now it really starts.... hold onto your freaking hats people...


                  I pray for the Police who will be asked to go door to door.
                  This is Chikillgo we're talking about. This will do nothing except add more bodies to their growing tally.


                  Sent from my Motorola DynaTAC 8000X
                  "BroBro13"

                  sigpic

                  Comment

                  • fighter4cage
                    Senior Member
                    • Apr 2012
                    • 877

                    Just stopped by STAG ARMS web page: This is what they have posted on their home page:

                    CURRENTLY WE ARE OVER 1 YEAR BACK ORDERED ON RIFLES, UPPER HALVES, LOWERS. UNFORTUNATELY WE ARE NOT TAKING ORDERS FOR THIS ITEM AT THIS TIME. THANK YOU FOR YOUR UNDERSTANDING

                    Nuts .... Just Nuts !!!

                    Comment

                    • compulsivegunbuyer
                      Veteran Member
                      • Feb 2007
                      • 2654

                      Originally posted by myk
                      That sucks, man. When some first-timers wanted to try my weapons out I told them flat out that they had to go to the counter and buy their own 'ammo and range gear.

                      What sort of "big boys" are you talking about?
                      Nothing huge. 308, 30-06, 223, it adds up real quick.

                      Comment

                      • TZL
                        Veteran Member
                        • Jan 2006
                        • 3197

                        I posted up a NFA polymer with generic upper for sale for $1999 (not including a bolt carrier)

                        Originally I was not going to take advantage of this "scare" but I decided heck, if people want to be idiots and pay WAAAYYY too much for something, i'll help them

                        After all, "a fool and his money are soon parted "

                        Comment

                        • TZL
                          Veteran Member
                          • Jan 2006
                          • 3197

                          I posted up a NFA polymer with generic upper for sale for $1999 (not including a bolt carrier)

                          Originally I was not going to take advantage of this "scare" but I decided heck, if people want to be idiots and pay WAAAYYY too much for something, i'll help them

                          After all, "a fool and his money are soon parted "

                          Comment

                          • Drahcir
                            Junior Member
                            • Dec 2012
                            • 35

                            Originally posted by triggatronic
                            [ATTACH]185906[/ATTACH]

                            SMH


                            Sent from my Motorola DynaTAC 8000X
                            Oh what the holy hell?

                            Comment

                            • Eric B
                              Senior Member
                              • Jul 2012
                              • 651

                              Originally posted by dieselpower
                              and now it really starts.... hold onto your freaking hats people...


                              I pray for the Police who will be asked to go door to door.
                              I will not do it. You'll be hard pressed to find any that will. I want to go home every morning after my shift. Getting shot by a man that has a Constitutional right to have that gun isn't in my 5 year plan.

                              Comment

                              • Subotai
                                I need a LIFE!!
                                • Jun 2010
                                • 11289

                                Originally posted by Eric B
                                I will not do it. You'll be hard pressed to find any that will. I want to go home every morning after my shift. Getting shot by a man that has a Constitutional right to have that gun isn't in my 5 year plan.
                                There could be wisdom here. Lot's of Merle Dixon's out there.
                                RKBA Clock: soap box, ballot box, jury box, cartridge box (Say When!)
                                Free Vespuchia!

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