Skip to comments.Price Gouging on Firearms and Ammunition During a Constitutional Crisis
Posted on 04/18/2013 6:35:16 PM PDT by servo1969
Jeff Quinn ( http://www.gunblast.com ) discusses widespread price-gouging of guns and ammunition by unscrupulous dealers.
-I've heard of people charging $70 for brick of .22lr and actin' like they were doing someone a favor.-
-I've heard of 15 guys standing in line at 7:00am in Wal-Mart and buyin' 3 boxes of ammo apiece. Then they all go outside and put the ammo in the same vehicle. They're buyin' for some dealer who's gonna jack it up for 4 times what they paid.-
-You walk into some place and some guy wants to charge you $2000 for a $800 AR, well, what you say to him is your business but I can guarantee you I will never spend a single cent in that place.-
-Gun and ammo manufacturers have not raised their prices 400%. It's the dealers who have been taking advantage of their customers during this Constitutional Crisis. There are some dealers who have not raised their prices this whole time. It's a free market, sure. But the market will return to normal and, when it does, remember the folks who did you right and the folks who tried to stick it to you. Those places that did good by their customers are where you need to be spending your money in the future.-
I’ve recently thought where is there a good deal on any firearm?
The timing is awful, but the reality is a recent widow might have a husband’s collection and not want it after his death. Or the reciprocal. Anyone seen this or have any good ideas on how to approach someone delicately, etc.
My wife works in a local Church office and knows of funerals as they are involved.
and...A thing is worth what someone will pay you right now.
How much would you pay for a box of ammo if you didn't have any?
500 round bricks of .22LR are selling for $150 and selling out in minutes...
They were around $20-40 in December.
I was/am also free to never do business with themagain.
I was at Bass Pro Shop in CA last weekend, (rather like Cabelas in AZ but with more tattoos among the customers.) and they had shortages of most kinds of ammunition.
That is an indication that their prices are too low. If their prices were higher, perhaps people would show up in their parking lot to sell previously purchased ammunition and make a profit.
Consumer: (To Butcher 1) Your sirloin costs too much. $15 a pound is too much. Butcher 2, down the street only charges $10 a pound.
Butcher 1: Why don’t you buy it there?
Consumer: But he is out today.
Butcher 2: Our sirloin is only $5 a pound when we are out.
I don’t get to set the price of the grain I grow,I have to take what price is offered.You realy don’t know how farming works do you?
I thought freedom was just another word for nothing left to lose.
I don’t know what Bushmaster is doing this time around but in round one with krinton, Bushmaster tried their best to screw people after freezing deliveries and then jacking up prices - on sold weapons. At the time, this was news. Now, not so much. Bill Ruger, too, seemed ready to go the way the gub’mint was pushing and held a fence sitting stance for some time.
Some folks have long memories.
Farmers have the choice of selling for what is offered, or not selling at that price, or not selling at that price yet. At what ever price you agree, you agreed, or you agreed not to sell that price.
It can get more interesting with a futures market. More leverage, more risk, greater payoff to go with it. If you promise, and can’t keep your promise to provide (or pay) there can be a hefty penalty.
Babe Ruth had the option of taking what was offered for his services, or sitting the season out. The fear of him sitting out a season encouraged management to offer him more. Besides, he had a better year than Hoover did.
Walmart can't charge market prices for PR reasons, but their customers can.
And if your “some” is less than you need, and you are willing to pay much more to get more, what then? Wait for someone else to buy theirs then offer them more? wait, you didn’t like others doing that.
Rich people don’t get/stay rich by buying up far more than they need at high prices just to dump most if it unused or sell at low prices. Your “Soros” argument is stupid.
And sellers don’t jack prices way up just so nobody can afford them. If it doesn’t sell at a price, the price gets lowered.
Supply-and-demand ALWAYS functions. If you screw with it, you get unintended consequences.
Socialism sucks. I suggest you figure that out fast.
Cheaper Than Dirt is one of the worst price gougers in the country. They have a couple stores near me. Neither myself nor most people I know would buy anything from them now even if it was 90% off regular price. Glenn Beck is seriously damaging his reputation by endorsing them.
PERFECT!...lol...you have just passed your 1st test of “Capitalism 101”
Casey's General Store had a right to jack their prices to $6 per gallon the day after 9/11 and I had every right not to buy it. I haven't been back since, not even for a pack of gum and I never will.
Pretty much the same.
Any commodity is worth what people are willing to pay for it.
I clearly remember dealing with the energy shortages *caused* by Nixon and Carter price controls. I also clearly recall what happened when Reagan lifted said controls.
Because someone can sell something for more than I want to pay doesn’t make it gouging.
Besides, what you and I think doesn’t change the reality of supply/demand/scarcity. It is what it is.
I take a slightly different approach.
I want to be able to use whatever I can recover, or find in an emergency, so I have 5.56x45mm (can also use .223), 7.62x39mm, .22LR, 9mm, .45ACP and 12 gauge
No, it is not. Not by a dead slut singer, or writer of those verses.
My friend and I were out trying to find .22LR ammo for his new Mossberg. We located one box of .22LR 500 count. The price for that box was an astounding $150. Needless to say, we left in a hurry.
In a Constitutional Crisis (as the article indicates we are in), whatever supplies you will need and don’t have and weren’t smart enough to get earlier when cheap indeed command a high price.
Nice to look at my stash and say “yeah I’d like more, but at these prices I’ve got enough”.
Seems a whole lot of people think $150/brick is a good price if it’s flying off the shelves at that price. If buyer and seller agree on that price that fast, who are you to interfere?
Concur. I've bought thousand of rounds before and during this silliness. I paid about the same amount. Why? Because I didn't get excited and panic when the shelves were empty and I saw people asking $100 a brick for .22LR.
I backordered some ammo at regular price (got it after 3 weeks) and I purchased the 3 box limit at Walmart every time they had some ammo.
People can ask whatever they want. They will get whatever someone else is WILLING to pay. These speculators, who bought up pallets at inflated prices to sell at even higher prices, will be hurrying to unload their stock when prices begin to fall. I plan on picking up a lot more ammo when they are trying to out do each other on the way to the bottom.
If its free will, its free market.
What the buyer and seller agree too.
We call this novelty the free market.
Personally, I wouldn't spend more than 2/3rds what Walmart would charge for ammo someone was selling at a yard sale because you don't know if it got wet, etc. Caveat emptor.
The problem is I have no negotiating power.At some point I have to accept their price,since I have bills to pay.
I would not interfere, nor would I buy.
When “amounts are limited” everyone gets what they can and there’s none left by the time you get there.
Market prices mean supply matches demand: if you’re willing to pay market price, you can get it.
When most of us think of price gouging we think of situations where there is no market, no resupply, that the emergency has happened and if you can’t buy some medicine or water, then the person dies, I grew up in hurricane country in a time long ago and remember real emergencies.
Some conservatives seem to turn off their minds and conservatism when it comes to money, to them God turns away and can’t see when they are at work.
Even in regards to some of these ammo prices that are clearly excessive gouging, I hope that no one here is buying from those sleazy businesses and are keeping track of their names so that they never get another dollar from decent people again.
lol..I guess not..my next yrs crop is already sold...
You could take less, but for some reason you choose not too.
Why should someone selling ammo not take what people are willing to pay? It's obviously not stacking up on shelves...
I don’t care people can wast their money however they want.
Buy a gun if you need or want a gun. Buy ammo if you need or want ammo.
But don’t get into the stockpiling business unless you know what your doing. Odds are extremely good we will retain & expand our gun rights because were fighting it.
Some of mine has been in storage for 30 years but I think I will keep a .22 rifle out so they can try it if they want.
I looked at a couple of boxes yesterday and it still looks like new.
...and freedom ain’t worth nothing if it’s free...
If I were to bet money, I would bet that everyone has a moral take on this and are keeping score, and that when prices return to normal, that they will continue to avoid certain dealers regardless of what they are posting here.
What crops do you farm in Maine?
Let’s see. You support the 2d amendment but the free market leaves you cold. Have you ever heard of supply and demand? You’re a closet liberal.
Is the ammo production business a monopoly? At this kind of ka-ching, you’d think new factories would spring up as fast as they could.
And so starteth the circular firing squad...
You sound young.
Replacement cost sets the price.
The dealer isn't charging you based on what he paid yesterday; he's charging you based on what he's going to have to pay tomorrow to restock his store...
“they will try again” Amen, brother. They will never stop trying. One great thing though, just think how much better armed America is now compared to 4 years ago regardless of the prices paid for weapons.
It’s not. It’s the free market. When the demand exceeds the supply prices have to rise to dampen demand. WHy not get pissed at the hoarders?
Really the most interesting thing about it all is when people are insulted that a gun dealer would betray the brotherhood and do something like this. Well, these aren't the old days and I keep trying to tell people... gun dealers aren't your friend and most of them couldn't care less about you or your rights OR the sports in general. Hell, the majority of them were praying for the background check legislation to pass so you were forced into their shops where they could charge you whatever the hell they wanted for a simple NICS check, just like they do now for nothing more than receiving a UPS package for you.
This episode did one thing only: it showed you who was in it for the money only and who was in it for a balance of money AND customer service. The money only bastards like Cheaper than Dirt and the local a-holes at Elmore's Firearms or Bradis Guns in Indianapolis, and most others can kiss my shiny metal a$$. On the other hand, I'm now a 100%, loyal and committed Midway customer for life. Like the guy in the video says, show your support where it is deserved and let the rest of them flounder and enjoy that last fistful of dollars they got from desperate folks, because they won't be getting anymore from me and I'm the one who's in it for the sport, not a one-time panic buy. The only time they will ever see me is when I go into their shop and use it for a showroom to buy from someone else.
The problem is that you choose to grow a crop the is sold under these circumstances. You could change crops, change markets (say a co-op or go organic), etc., value add by making something with your crops, lots of things really.
Or I could sell the farm,take the several millions it would bring and retire.
Hopefully all the guys defending them will make up for those of us who will never buy from the rip-offs.