Here in the Loony Left Mecca of Oregon, where there are a surprising number of gun people outside of the Portland/Eugene corridor of liberal nuts, I went to the Salem gun show on Saturday, November 15th, and there was NO Ammuntion remaining for sale, NONE. All the usual ammo vendors were completely out of cheap ammo like Wolf, S&B, etc.. Also, there was a decent supply of cheap AK’s, but No AR’s, M1A’S, Sig 556’s etc... Everyone has sold out of there current supply and have a bunch of guns on backorder. I am going to the Portland gun show this weekend to check out how bad it’s getting.
I believe the people, myself included, who are out buying additional firearms are playing it smart, and most are not “panic buying” per se. We went down this road with Bill Clinton in 1994, so we have some experience with Democrats and guns. If Obama and the Democrats in Congress make any move, that will no doubt be very well publicized, to reinstate the Assault Weapons Ban, or impose new taxes on Ammo or restrictions on firearms, it will cause an even bigger gun purchase craze and result in gun prices going through the roof. I’d say it’s even money that the Democrats will at least attempt some new form of gun laws.
However, if no new gun laws are pursued, firearms unless they are very badly abused, are really a good store of value and the liklihood of breaking even or making a few bucks on resale in a few years is actually very good. They are a far safer investment than stocks in the short term right now.
I am betting on new gun laws, so I am stocking up. If you money to spend, buy guns. If no new gun laws are passed, you can re-sell it in a few years at break even, if a bunch a new gun laws are passed, the God help us all.
Good advice to look at it as an investment. It is an investment in home safety, but also if there should be a general collapse (may Heaven forfend) then ammo will become a form of currency, something of value to trade.