Anyone looking to a profit on the next panic?

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I don't believe there is any guarantee that the next will be as good but it may be better, that's the risk.
It's not going to pay for retirement in Costa Rica but it would sure cover my shooting hobby for the rest of my days.
I agree, thats exactly as I'm looking at it.

Giving fellow Second-Amendment supporters the shaft just to make a few bucks would make me feel awkward.
Suddenly running down to the Store and buying a evil black rifle because of a panic doesn't make you a Second Ammendment supporter As a matter of fact during the whole drama we just experianced a number of folks were "outed" as anti's and were caught buying these things, hardly like 2nd supporters at all.

Unless for some reason the price of them plummet for some crazy reason.
I don't see any machined or fabricated material made in here in the USA ever doing that. In actuality, it can only really go up.
 
I see no problem with the theory and have considered it myself. I have no doubt at all that there will be another crazy occurrence that will cause prices to elevate overnight and then drop slowly like we have seen in the past 8 months.
If I can buy and store large quantities of .22LR at $20 a brick with the hopes of selling it a double or triple the purchase price then I say go for it. The risk is that nothing will happen(fat chance) and you will have your money tied up until you can sell it all at minor profits and major headaches. If you store it at home just make sure your insurance company doesn't know about it.
It's no different from the stock market or real estate or banking. You make an investment and hope it pays off over time. Taking advantage of market conditions happens every day in every business in the world and we are naive to think it doesn't. Anybody here own any Marathon Oil stock? How about Ruger? How guilty do you feel about your profits? I own both and have made a LOT of money over the past 10 years or so by taking advantage of market situations and simple supply and demand. Those bank stocks cost me a lot back in 2009 which is, of course, the risk we take.
I considered buying 10-20 low end ARs and storing them but that means another safe and more insurance and the market is somewhat saturated right now. Magazines and ammo might be a safer bet. If someone decides to pay me $60 a brick for ammo and then gets mad about it then I am sorry. I never apologize when I sell a stock that has doubled in 5 years.
 
Averageman said:
Giving fellow Second-Amendment supporters the shaft just to make a few bucks would make me feel awkward.
Suddenly running down to the Store and buying a evil black rifle because of a panic doesn't make you a Second Ammendment supporter As a matter of fact during the whole drama we just experianced a number of folks were "outed" as anti's and were caught buying these things, hardly like 2nd supporters at all.
Click to expand...

I never used the word "all." Further, it would be inaccurate to assume that no one being forced to, or choosing to, buy firearms and related accessories during a politically created "panic" period is a Second-Amendment supporter. Some people are not in a financial position to "stock up" in advance due to the current state of the economy. Those people must then buy quickly when politicians try to force a ban, which sometimes happens with little or no warning.
 
Looking back to my post #14. Let's discount the 401K options.

When I owned the gun shop my ambition was buy the gun and sell the gun and heck yes, for a profit as that profit paid the bills and rest assured there were bills.

Now looking ahead as to investing in ammunition? I figure it this way. Ammunition is a commodity and forget this Second Amendment nonsense. If I decide to go to the bank and pull 20 grand out to invest in ammunition for resale (and forget the business laws nonsense) I am taking a gamble. When you walk into a casino never ever drag along more money than you can afford to lose. The same is true with any investment. Investing is a gamble and that is why it is called gambling. I am betting that I'll win. Sometimes you win and sometimes you lose. It's about a business investment for those who can afford to do so. Business ventures are about turning a profit on an investment, they are not about the second amendment.

This recent scare, shortage, or whatever was driven by a tragedy so if a business minded person speculates on an investment another such scare or tragedy will happen are they a bad person?

Ron
 
This may have been touched upon so sorry if this sounds like a broken record but I didn't feel like reading through all the posts in this thread to find out but according to the ATF buying guns with the intention of reselling them to make a profit makes you an unlicensed dealer in their view.

I see no problem in buying investment guns but I would be cautious about tossing around the idea that you are simply buying with the intention of reselling for profit that is considered illegal without an FFL.
 
There is another thread about Reid saying no gun issues in 2013 but in 2014 you should see it reemerge. The 2014 timeframe is just in time for the 2014 off year elections. So there is your incident that will only worsen the present situation. Now you have heard it so if it happens dont complain.

BTW are you setting adide time and money to support your congressional reps in the upcoming election. The anti's are.
 
If you are willing to take the risk, I say go for it. Worst case you are well stocked on stuff you need anyway. I don't see much downside.
 
We all understand making a buck.
But in place of a tax free retirement account (401K or Roth IRA)? Might not be good, given the storage and insurance costs, and the threat of legislation that could make the possession of your investment illegal. And the tax consequences when you do sell them.

The guns and ammo could be a component (along with other tangibles or commodities) to diversify your assets, but I don't think I'd rely heavily on guns and ammo for investment or retirement. JMHO, I'm not comfortable with the risk, others may be.
 
The answer is to get the right people elected to office at all levels, and once they are in to keep like-minded people there. Then such a panic cannot happen.
 
Yeah the idea that it is "bad" to make a high profit on an item is way off base in the real world. Probably every one of us with non-government jobs has made a living off of some commodity that has been marked up 200-300% or so at times.
Don't get me wrong. I have been handing out ammo left and right for the past 6 months to people that needed a box and couldn't find any. I loaned 1,000 rounds of 9mm to a local law enforcement agency for their monthly civilian training sessions because the ladies couldn't find any ammo to practice with. They sold the ammo for $15 or so a box and gave me back what I told them I needed which was pretty much what I paid for it.
I gave a box of 9mm, .38 and 3 boxes of .22 to people today that are completely out and needed to shoot at our range. I am all about helping out my fellow shooters as much as I can but this is a thread about making a dollar investment and hoping to make a good return on said investment. The risk is pretty high and the rewards need to be in line as well.
 
Well - probably the only thing I would do is what I should have done this time - put my AR up for sale for about $2k, sell it, wait about a month, and buy a real Colt AR and put an EoTech on it....:rolleyes:

Coulda woulda shoulda....:(
 
I normally don't respond to these silly threads but here goes, and it may have already been covered here, I didn't take the time to read the whole thread. I wonder how many people are going to be doing the same thing? I predict you are going to have hundreds of thousands, maybe even millions of people doing this very thing. Ya reckon why you cain't find a brick of 22lr. Ole E.F. Hutton is sticking it back for the next panic to fund his or her retirement. I think we will see people selling at below retail prices to recover their money so they can eat beans and rice to survive. I'm buying ammo and reloading supplies, that I don't need, pretty cheap to help out friends and neighbors who bought to resale, but since things are settling down they cain't get ridiculous prices for the stuff. Anyone who buys with intentions of turning 500 to 1000% profit from a fellow shooter - weeeelllllllll - I hope he loses his ARSE
 
my strategy is simply to look for deals on things i would normally buy, especially items that are consumable, and buy in BULK. when i could buy pmags for $10 or less each, i buy a bunch. When I can buy bullets for $75/3000, i would buy a ten year supply for me. I found fed GM primers for $20 a few years back and bought as many as i could.

over time, i continually use them up, and when the cheapest bullets and primers i can find are 3x as much, i am glad i purchased the way i did. and when some idiot comes along and wants to pay 10x as much as I paid, I'll sell it happily. Cause you know, there are 3 rules:

1. don't be greedy
2. don't be stupid
3. everything's for sale
 
I've considered buying a 550 pack or 2 of .22 lr each payday when they come back in stock for similar reasons. I wouldn't feel right putting a price of $100 each on them, but I have no qualms about putting it on gunbroker, starting the bid at $1.00 and watching the last minute people fight over who's going to pay the most for it.

As far as substituting that instead of 401k or other retirement options, no way.
 
The rule of 7.

If you can return 12% for 7 years on an investment.. you will have doubled your money. A good fund manager can do that most of the time... in the long run, you'll make more dropping into a high performing fund vs. selling a few mags at 400% profit.

Also, I know a LOT of people (triple digits here guys) that have stopped going to several FFL's and using certain online sites because they jacked up the price. I know guys that go 100 miles out of their way to go to a certain FFL that never jacked up his prices. It may be easy money in your pocket at the time of the panic.. but its no different than taking advantage of someone in the middle of an anxiety attack. I was raised to deal fairly with people, not to milk em for every cent I could in their time of need (percieved or not).

Quote:
Originally Posted by Queen_of_Thunder
If someone offers me $70 for something I paid $12 for what do you think I'm going to do. You got it. I'm selling just like everbody else would do.

I'm with the Queen
Click to expand...

I had exactly that happen.. sold all 5 mags for .. gasp.. 45 total, shipped. Just because you can take advantage of someone elses stupidity doesnt mean you should. I will deal fairly with all who I deal with, and I wont deal with those that dont deal fairly with others. Best deals I made were during the panic..
 
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Anyone looking to a profit on the next panic?

Nope. I just intend to continue my policy of buying ammo when prices are reasonable and sane, maintaining a comfortable stockpile, and riding out shortages and panics.

Anti-gun attempts in the 1960s to push bans on ammo or outrageous taxes (SCOTUS warned: the power to tax is the power to destroy) made me keep at least a year's supply of rimfire and four or five years supply of centerfire ammo, and buy only when the price is right.
 
Find a good financial manager and follow his advice.

I know lots of folks who thought they were smart, they left jobs with a million $ and are back working, they thought they could manage their money better than trained folks.

Generally if ask on the web for advice you get uneducated advice, seems simple. Financial experts do not hang around gun sites passing out free advice.
 
fdf said:
Find a good financial manager and follow his advice.

I know lots of folks who thought they were smart, they left jobs with a million $ and are back working, they thought they could manage their money better than trained folks.

Generally if ask on the web for advice you get uneducated advice, seems simple. Financial experts do not hang around gun sites passing out free advice.
Click to expand...

This is getting so off topic but....

Last week I was in Michigan (Lake St. Clair) for some Muskie fishing. Enjoyed breakfast one morning with a good old friend and a few of his friends. My friend is a soon to retire radiologist and we were joined by two retired doctors. The one doctor did exactly as mentioned. He banked a million dollars and when he retired lived off the interest at $100K annually. That 100K is now about 20K and the guy is reading scans again 3 days a week. Not what he had in mind.

I went out at 63 this past May. I get 2K a month social security plus about 2K a month in pension. My wife will be done 01 September and while she will not draw quite what I do she will also see a nice monthly chunk of change. We have no need to touch the Roth IRA or the 401K investments which are doing fine. That is the way it was planned. My largest expense is the COBRA for my medical. Kathy is 65 and getting medicare and we pay for the supplement.

Having a million sounds good right till you try to live off the interest. Especially when the interest tanks.

On topic I don't see investing in ammunition as a well thought out retirement plan. :)

Ron
 
No. I found thousands of rounds of ammo for friends and family since December. I want more involved shooters, and not turning them off to it by gouging them with "market prices" is a good way to encourage more shooters. We'll need as many as we can get the next round of bad legislation that comes our way.
 
During this last panic I sold everything that I owned that was selling for inflated prices. Its not my fault that foolish people are willing to spend $5,000 for 2 M1A Basics, or $1200 for Mini 14 Ranch, $800 for a case of PMC .223 FMJ, $70 per 500 brick .22lr, etc. No one is forcing people to panic or open their wallet. I put things up at $1 starting bid, then let the market decide what its worth. If folks decide something is worth 4 times what I paid for it, then thats what its worth. Remember, there is no such thing as price gouging on non essential, optional/frivolous items like guns/ammo/cigarettes/booze/etc. Trying to sell bottled water to disaster victims at $10 ea, candy bars for $20, thats evil. Watching somebody foolishly panic bid $2500 for a used M1A basic because the crappy joke of a news organization they support told them to panic, thats capitalism, hilarious and a good indicator that our nations credit system is still up and running:neener:.
 
The way I see it there will be a 'scare' every time the media makes a shooting popular or there is a national election. Hell we are still watching prices fall from the last go around. It's like gas prices every time a hurricane gets close to the gulf.
 
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