Skip to comments.Dealerís stockpile on target (250,000 AR's; maxed out credit cards)
Posted on 02/10/2013 5:10:15 PM PST by Red in Blue PA
Before the 2012 presidential election, gun dealer Jami Nolan maxed out credit cards and took out a home-equity loan to order over 250,000+ semi-auto rifles (AR's).
(Excerpt) Read more at pressenterpriseonline.com ...
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Guy rolled the dice and won big?
I’ll take 100,000 of them off his hands.
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Not subscribed, not ever going to. Just FYI.
I got mine 14-years ago!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Good for them. Bet big, win big.
I worked with an engineer years ago whose wife bought a garage load of AK-47s back in 1992.
I call BS. Home equity and maxing out credit cards to order over 250,000 ARs? That would be somewhere between 1/5 & 1/4 of a billion dollars! He/she must have one hell of a large credit limit on his cards.
Sounds like a scam to get folks to register at the linked site.
He must have had a hell of a house is all I can say. Even at wholesale $$$$$$$$$$$$$$$$$$$$$
Better investment than gold. I got a quality AR for $650.00 4 days after the election because I knew the restraints would be off in the 2nd term.
I was in a local gun store a week or two after the 2nd election, and was amazed at how few people were in there. Sad to see that it took a tragedy to wake people up to what possibly could be lost.
No fair, you’re using basic math and common sense!
Something smells. If he bought those 250,000 at below bargain basement prices at say $200 each that would add up to $50 Million. Must have had a lot of credit cards and one heck of a home.
He probably only put down a percentage.
Probably $250K in AR’s.
You will notice this cheap price was on a rifle listed for sale a couple of years ago, or so it seems?
If that’s a true PSA rifle and it has a full/auto bolt carrier group, I would buy that in a heart-beat. PSA makes a very good rifle. PSA F/A bcgs alone are fetching $350.00+ on gunbroker.
Never mind....I just noticed the data...READING COMPREHENSION FAIL...
Maybe he got a volume discount;^)
I call BS too.
That is kind of steep. Maybe it’s a typo and they meant, $250,000 worth of ARs, which is more like what sorts of loans businesses (or, people mortgaging their houses) can easily get.
You’re probably right but the poster of this thread chose not to address anyones concerns and I’m not about to sign up at that website to get the answers.
I picked up another in December for about that (lucky find at a pawn shop). That model is going for 2K on Gun Broker now, not that I’m going to sell it.
The ones who made the real mint are the guys who had several Class IIIs before the 86 ban. A gun that went for $500 before the ban can sell for $25K now.
Off another forum re the same subject:
The estimated total produced by the top 10 manufacturers was just under 275,000 in 2010 the last year for which production totals are available. and just under 300,000 for 2009. If anyone believes one person was able to buy over 80% of the total production for the year, they are delusional.
At an early FReeper get together, I was offering FReepers AK’s NIB for
$399. They were $545 retail. I was able to give away more than a dozen that weekend. To date, nobodies ever brought up that sale. When the AWB was only a twinkle in DiFi’s Husbands eye’s we bought low and sold high. We still have AK’s NIB, but they’re not $399 anymore!
This story smell of smelly BS, Cow Manure, Dog Shit, Cat Shit, and what gets pooped in the toilet.