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Fear and Greed Have Sales of Guns and Ammo Shooting Up
Wall Street Journal ^ | April 16, 2009 | Alex Roth and Betsy McKay

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 ...


TOPICS: Culture/Society; Front Page News; News/Current Events
KEYWORDS: assaultweapons; awb; banglist; democratcongress; democrats; economy; guns; obama; shallnotbeinfringed
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To: Travis McGee

Question: How significant is the kick from this handy-dandy appliance? Could a relatively small female handle a gun like this? My experience with firearms is extremely limited, but I recall that a 9-mm Glock posed a bit of a challenge to hold steady. Maybe practice is all I need. But I appreciate your tip very much and am wondering if this gun would be suitable for me.


41 posted on 04/16/2009 12:31:21 PM PDT by MissNomer (Proud member of FR's "Final 300")
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To: Joe Brower

I’m with you, Joe. I’ve done the same thing and continue to own firearms with no intention of selling any of them.

Be Ever Vigilant!


42 posted on 04/16/2009 1:22:47 PM PDT by blackie (Be Well~Be Armed~Be Safe~Molon Labe!)
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To: a fool in paradise
“Fear and Greed” had people in the streets protesting taxes and Socialism as well.

That's what the Moonbat "counter protesters" had on their signs. Or at least words to the same effect.

43 posted on 04/16/2009 3:03:02 PM PDT by El Gato ("The Second Amendment is the RESET button of the United States Constitution." -- Doug McKay)
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To: TC Rider
As soon as Obama comes out at a press conference and promises to not sign any firearm legislation, no way, no how, this gun and ammo binge will end.

You'd believe him? Just like the "5 days to read legislation" promise which turned into less than 2 days for the biggest piece of pork ever passed by Congress, at HIS insistence. Then he held off signing it for 3 days.

44 posted on 04/16/2009 3:13:59 PM PDT by El Gato ("The Second Amendment is the RESET button of the United States Constitution." -- Doug McKay)
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To: MissNomer

These kick considerably sharper than a 9mm, I would say. With practice you could control it easily, but if a 9mm bothers you, I’d go toward something easier.


45 posted on 04/16/2009 8:24:43 PM PDT by Travis McGee ("Foreign Enemies And Traitors" is at the printer)
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To: wastedyears

I think it’s comparable to a 9mm, but it is a bit “sharper” and VERY LOUD.


46 posted on 04/16/2009 8:25:29 PM PDT by Travis McGee ("Foreign Enemies And Traitors" is at the printer)
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To: Smokin' Joe

I love that story! Brings a joyful tear to mine eyes!


47 posted on 04/16/2009 8:26:52 PM PDT by Travis McGee ("Foreign Enemies And Traitors" is at the printer)
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To: AvOrdVet
I upgraded my NRA membership to a lifetime membership a last month.

I finally found some 40 S&W Ammo yesterday. I spent a buck a round for it and bought three boxes of 20 rounds. I then loaded my Springfield XDM and the two spare magazines and have 11 rounds left.

48 posted on 04/17/2009 4:53:21 AM PDT by mbynack (Retired USAF SMSgt)
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To: reaganaut1

“On a recent weekend, Ray Delashmutt, a 28-year-old flooring contractor in Auxvasse, Mo., bought parts to build 15 AK-47 rifles. He says he spent about $6,000 but figures he can eventually sell the 15 weapons for at least twice as much. “Military weapons have always gone up in value and those are the only guns I invest in,” he said.”


Lots of moron interviewed in the story who don’t know that buying firearms with intent to resell at a profit is considered by the BATFE to be DEALING. And without a license, that is a crime. (Not that it should be).


49 posted on 04/17/2009 7:04:35 AM PDT by Atlas Sneezed (Typical "Rightwing Extremist")
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To: El Gato

It is not an irrational “fear” to warn against the rising Red Tide of Socialism in America.

There were commies infiltrating the State Department in the 20th Century as well.


50 posted on 04/17/2009 7:27:21 AM PDT by a fool in paradise (IRONY - we know more about the First Dog's historical papers than we do of President Barack.)
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To: meyer
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.

I wonder if they (the left) really think we can't figure out the infamous Napolitano DHS report on right-wing extremists is nothing but a "white paper" for the lower level administrators of the state's coercive organs.

51 posted on 04/17/2009 7:40:33 AM PDT by papertyger
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To: MissNomer

I won’t address the “kick” but I can tell you a small female hand would find this pistol a challenge. The grip is very substantial.


52 posted on 04/17/2009 8:01:30 AM PDT by papertyger
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