Posted on 04/16/2009 4:58:11 AM PDT by reaganaut1
FAYETTEVILLE, Ga. -- The way Jay Chambers sees it, the semiautomatic weapons in his firearm collection might be the most promising investment in his financial portfolio.
Like many gun enthusiasts, Mr. Chambers, a manager for a door wholesaler here, believes President Barack Obama and the Democrats in Congress soon will reimpose a version of an expired federal ban on the sale of so-called assault weapons. If such a law passes, he figures his collection -- enough guns, ammo magazines and weapon parts to assemble about 30 AK-47s, AR-15s and other semiautomatic rifles -- could triple in value.
"A guy could easily make a lot of money," says Mr. Chambers, 47 years old, while at Autrey's Armory, a gun store about 20 miles south of Atlanta.
Purchases of guns and ammunition are surging across the country. Nearly four million background checks -- a key measure of sales because they are required at the purchase of a gun from a federally licensed seller -- were performed in the first three months of 2009. That is a 27% increase over the same period a year earlier, according to the Federal Bureau of Investigation.
No one knows exactly what is behind the gun-buying craze. Some buyers say they are stocking up for themselves in anticipation of new gun-control laws, while others say they're worried about deteriorating public safety as the economy worsens.
But it's also clear that part of the gun-buying rally is driven by people like Mr. Chambers who are buying weapons the way others invest in a hot stock. The buying is pumping up prices. Many popular models of guns are back-ordered for a year or more. Some manufacturers are operating plants 24 hours a day.
(Excerpt) Read more at online.wsj.com ...
'Nice title for an article...particularly from a financial newspaper...are you kidding me? Sounds like most of these people are making investments based on how they believe the market for guns would react should they become exceedingly scarce via legislation. The article reads better than the title would foretell. If you guys wrote the title that way to grab attention for your article then "good job." Otherwise, it implies that gun owners in general are fearful and greedy and I hope that is not what you intended.'
Here's my tip of the month: there is still a great pistol and ammo deal out there waiting for you. If you have waited too long to arm up, or if you want one more, look at the excellent milsurp CZ-52 pistol and 7.62X25 Tokarev ammo.
You can get a CZ-52 for about $200 at any gun show or at many gun stores. The ammo can be had for as low as 11 cents a bullet in any quantity you want. Extra mags are from $12 to $20 each.
The milsurp ammo is full metal jacket, firing an 85gr bullet at 1,600fps. These will go through car doors, kevlar helmets, kevlar vests etc like an icepick through butter. OTOH, they will also go through one bad guy and maybe hit a good guy behind him.
However, you can buy hollowpoints ("Wolf Gold" with brass shells) for about $19/50, or half the price of comparable 9mm JHPs. My test "Wolf Gold" JHP ammo expanded to .60 caliber, the same as my test 9mm JHPs.
So for $400, you could buy a CZ-52, 1,500 rounds of assorted ammo, and a few extra mags. OR, you could buy about 2/3s of a "brand name" pistol, and no ammo.
It's just a thought. This is a great bargain. The ammo is cheap and plentiful at all of the internet catalog sites. Don't wait, the libtards will soon slam the door on foreign gun and ammo imports, and the prices will go way up.
Another benefit of this pistol is that it is very accurate, with very fine sights. WIth this flat-shooting ammo, you can hit at 100 yards with ease. Downsides are brittle firing pins (buy a spare, and don't dry fire) and a decocking function that you should not trust. Just lower the SA hammer like a 1911. The safety works like a 1911, so if you are used to 1911s, it will be very easy to use the CZ-52
So now all speculation and attempts to increase one's pocket-money are "greed"? No individual is going to earn enough to buy a new car based on rising gun proces... and yet they make it sound like buyers are preparing to gouge folks on their way to millions. What happened to this nation?
Could it possibly be that we now have a largely socialist government bent on disarming the public? Could it be that the department of Homeland Security just named conservatives as potential terrorists?
It's fairly obvious to those actually paying attention (that apparently doesn't include the mainstream media) that the left in our country is trying to drum up anger towards the right. They're slowly and methodically pushing the earners in this country to the breaking point. They're slowly and methodically tearing apart the constitution. They're slowly and methodically robbing those that earn so that they can live off the fruit of the earner's labor.
The reaction is that the right is arming up for the seemingly inevitable confrontation.
Bump for reference. Have 300 rds. of .380 JHP to move here in TX. Can’t believe how hard it is to find .380 anywhere.
Amen! I would only sell them to put food on the table.
Like many gun enthusiasts, Mr. Chambers, a manager for a door wholesaler here, believes President Barack Obama and the Democrats in Congress soon will reimpose a version of an expired federal ban on the sale of so-called assault weapons. If such a law passes, he figures his collection — enough guns, ammo magazines and weapon parts to assemble about 30 AK-47s, AR-15s and other semiautomatic rifles — could triple in value.
I hope he gave a fake name and city cause he is surely in the crosshairs, now labeled as a “right wing terrorist!”
Thanks for the tip.
I view them as life preservers and fire extinguishers -- you need to have certain tools on hand and maintain them occasionally, just in case "life happens", as a friend of mine likes to say.
“Fear and Greed Have Sales of Guns and Ammo Shooting Up”
So the WSJ now thinks profit = greed? Some people in the article are buying guns because they expect to sell them when the price goes up. Thats called profit, like when you invest in stocks or bonds, or when you sell newspapers to make money. I would expect such a characterization from the NYT, not the WSJ.
Why are citizens “arming up”? Simple....”Support and defend the Constitution against all enemies,foreign and DOMESTIC.”
I’m through spending my money on guns. Now I’m buying ammo.
“No one knows exactly what is behind the gun-buying craze.”
C’mon, Alex/Betsy — you know damn well what’s behind it. It’s called “preparedness.”
Those blue UN helmets will make great targets! < /sarc >
AOV gives you a thumbs up from behind his pallets of ammo stored in an "undisclosed" location... ;-)
While everyone is spending, remember that for the price of a couple boxes of ammo you can have a direct impact on the 2A war going on now...
National Rifle Association (NRA)
Second Amendment Foundation(SAF)
its a double edged sword for a guy like me, who presently cant afford to buy up a bunch, just to hold for future 'profit' or even as insurance that I have lots of someones watchin my back in the event that they become more valuable than the paper they were bought with...
unbridled capitalism works, but alas when the gov screws with the market, purposely or not, we will always get a measure of 'greed' from those who seek solid portfolios and have the means to invest...
If I could I would, but then the flip side today is that many who are buyin em up wont have the balls to hold em when theyre outlawed which will result in a market flood that destroys the price...unintended consequences X2...
I view them as life preservers and fire extinguishers -- you need to have certain tools on hand and maintain them occasionally, just in case "life happens", as a friend of mine likes to say.
Excellent Point!!!
I believe that, unless this guy is a licensed manufacturer of firearms, he is debarred from assembling these guns for sale, therefore....HE AIN'T DOIN' IT FOR THE MONEY!!!!
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