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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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I agree with the following comments posted on the WSJ site:

'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.'

1 posted on 04/16/2009 4:58:11 AM PDT by reaganaut1
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To: reaganaut1; Joe Brower
The following is a public service announcement.

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

2 posted on 04/16/2009 5:00:14 AM PDT by Travis McGee ("Foreign Enemies And Traitors" is at the printer)
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To: harpseal; TexasCowboy; nunya bidness; AAABEST; Travis McGee; Squantos; Shooter 2.5; wku man; SLB; ..
I never buy a firearm with any intention of selling it. Over the years I've given a few to friends and relatives, but for monetary investment only? No, they are worth much more than mere money.

Click the Gadsden flag for pro-gun resources!

3 posted on 04/16/2009 5:03:17 AM PDT by Joe Brower (Sheep have three speeds: "graze", "stampede" and "cower".)
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To: reaganaut1
could triple in value. "A guy could easily make a lot of money," says Mr. Chambers

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?

4 posted on 04/16/2009 5:04:58 AM PDT by Teacher317
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To: reaganaut1
"No one knows exactly what is behind the gun-buying craze."

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.

5 posted on 04/16/2009 5:05:00 AM PDT by meyer (Obama is to the USA as Mugabe is to Zimbabwe.)
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To: reaganaut1

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.


6 posted on 04/16/2009 5:05:41 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Joe Brower

Amen! I would only sell them to put food on the table.


7 posted on 04/16/2009 5:05:46 AM PDT by Travis McGee ("Foreign Enemies And Traitors" is at the printer)
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To: reaganaut1

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!”


8 posted on 04/16/2009 5:11:16 AM PDT by a real Sheila (God bless us everyone.)
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To: Travis McGee

Thanks for the tip.


9 posted on 04/16/2009 5:16:04 AM PDT by Nervous Tick (Party? I don't have one anymore.)
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To: Travis McGee
Good morning, Trav.

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.

10 posted on 04/16/2009 5:18:30 AM PDT by Joe Brower (Sheep have three speeds: "graze", "stampede" and "cower".)
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To: reaganaut1

“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.


11 posted on 04/16/2009 5:19:49 AM PDT by Conan the Conservative (Crush the liberals, see them driven before you, and hear the lamentations of the hippies.)
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To: reaganaut1

Why are citizens “arming up”? Simple....”Support and defend the Constitution against all enemies,foreign and DOMESTIC.”


12 posted on 04/16/2009 5:28:36 AM PDT by mosaicwolf (Strength and Honor)
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To: reaganaut1

I’m through spending my money on guns. Now I’m buying ammo.


13 posted on 04/16/2009 5:33:34 AM PDT by mbynack (Retired USAF SMSgt)
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To: reaganaut1

“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.”


14 posted on 04/16/2009 5:33:58 AM PDT by ScottinVA (Meanwhile, the sheeple graze mindlessly while awaiting slaughter at Hope and Change Ranch)
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To: Travis McGee
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.

Those blue UN helmets will make great targets! < /sarc >

15 posted on 04/16/2009 5:36:16 AM PDT by JimRed ("Hey, hey, Teddy K., how many girls did you drown today?" TERM LIMITS, NOW AND FOREVER!)
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To: reaganaut1
When the government is on a clear path to exert unwarranted control over the population, arming yourself is protection against such action and has nothing to do with “fear” or “greed”!
16 posted on 04/16/2009 5:44:40 AM PDT by G Larry (Obama's plan = "STEALING FROM THOSE WHO CREATE THE JOBS!")
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To: mbynack; All
I’m through spending my money on guns. Now I’m buying ammo.

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...

Gun Owners of America (GOA)

National Rifle Association (NRA)

Second Amendment Foundation(SAF)

Jews for the Preservation of Firearms Ownership (JPFO

17 posted on 04/16/2009 6:22:05 AM PDT by AvOrdVet ("Put the wagons in a circle for all the good it'll do")
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To: Joe Brower
sadly the fact is that guns & ammo are a much better bet than stocks & bonds as investment instruments today...

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...

18 posted on 04/16/2009 6:25:57 AM PDT by Gilbo_3 ("JesusChrist 08"...Trust in the Lord......=...LiveFReeOr Die...)
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To: Joe Brower
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!!!

19 posted on 04/16/2009 6:37:25 AM PDT by Voice of Reason1 ("Absolute power corrupts absolutely” Lord Acton 1887)
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To: reaganaut1
...enough guns, ammo magazines and weapon parts to assemble about 30 AK-47s, AR-15s and other semiautomatic rifles -- could triple in value.

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!!!!

20 posted on 04/16/2009 7:28:36 AM PDT by gundog
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To: reaganaut1
No one knows exactly what is behind the gun-buying craze

wanna bet ?

21 posted on 04/16/2009 7:30:11 AM PDT by tomkat (amp your ohms)
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To: reaganaut1
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.

I would almost think buying them in quantity with the intent to sell when price went up would require a FFL.

Anyone buying as investment should read up the laws so as not to get into trouble

22 posted on 04/16/2009 7:45:23 AM PDT by mouser
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To: a real Sheila

Not to mention that the BATFE will be knocking on his door and asking for a copy of his 07 FFL to qualify him as a manufacture.


23 posted on 04/16/2009 8:54:50 AM PDT by fightinbluhen51 ("MOLON LABE")
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To: Conan the Conservative

The WSJ ain’t what it used to be. There wasn’t even a mention of the Tea Parties today.


24 posted on 04/16/2009 8:55:06 AM PDT by Canedawg (.Support and defend the Constitution against all enemies, foreign and DOMESTIC.)
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To: scan59

ping to my ol’ man! ;-)


25 posted on 04/16/2009 8:58:23 AM PDT by babyfreep
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To: reaganaut1
Pres'ent DUH-bama did say it's a good time to BUY STOCKS...I doubt this was what he meant:

Plenty of good stocks right there!

26 posted on 04/16/2009 9:01:27 AM PDT by RasterMaster (DUmocrats - the party of slavery, sedition, subversion, socialism & surrender)
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To: gundog

Technically, you can assemble firearms from parts for your own personal use. You can even completely manufacture your own firearms for personal use. You can even then sell those firearms that you built for personal use, provided you do so legally and inscribe a “serial” number on there. However, like everything with the government, if you’re doing such to any capacity without a license, you’re darned right they will make you a criminal just because.


27 posted on 04/16/2009 9:02:08 AM PDT by fightinbluhen51 ("MOLON LABE")
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To: reaganaut1

Any tips for someone who wants a gun and ammo for home defense, but is late to this whole game? Do gun show sales rip you off? How do you know if a gun from a gun show is in decent shape or a lemon?


28 posted on 04/16/2009 9:16:45 AM PDT by FreepShop1 (www.FreepShop.com)
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To: reaganaut1

29 posted on 04/16/2009 9:23:16 AM PDT by rhema ("Break the conventions; keep the commandments." -- G. K. Chesterton)
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To: reaganaut1
No one knows exactly what is behind the gun-buying craze.

I'm really disappointed to read this in the WSJ, where the staff supposedly has a slightly more informed view on economics than the average gaggle of idiot journalists.

It's classic run behavior. It happens with every commodity and has happened recently with gasoline and somewhat less so with toilet paper (the infamous Johnny Carson fake shortage). When the public perceives that the price or the availability (it's essentially the same thing) of a known commodity that is in demand is likely to change from an external circumstance, it responds by purchasing that product in greater quantities. Once this happens the supply goes down, not from whatever external circumstance (in this case more restrictive gun control laws) but as a consequence of the reduced supply that results from the run itself.

In short, it's a feedback loop. Once it's started the way to stop it is (1) to change the perception, and (2) to meet the demand with greater supply. The second of these is happening - ammunition manufacturers are running at full speed. The first of these is not happening.

The perception remains the same. What has maintained it is a clear lack of trust - fully merited - on the part of the public that the availability and price of firearms and ammunition is not going to be effected by external - i.e. political - circumstances. The media have attempted to dismiss this by breezily claiming that sufficient reassurances have been made and that if the purchasers don't trust the media and the administration on that score they're frightened, paranoid, hysterical, or now - this is actually a new one - greedy.

In fact, what the continuation of the run does demonstrate is that nobody trusts either the media or the politicians on the matter. Instead of sneering at gun purchasers as being uninformed or emotionally unstable, these ought to take a look in their own house and figure out why they aren't able to reassure the purchasers.

It isn't difficult. Carefully-worded statements that "nobody's talking about confiscating guns" (in fact, even this is patently untrue) carry the clear implication that measures short of outright confiscation are still on the table, which they are. Smooth reassurance that one's hunting rifle is safe (also patently untrue) imply that anything declared as a non-hunting firearm is not, which they are not. In short, nobody believes the lies anymore except occasionally the people who repeat them. That's not a good position for communications media to be in.

30 posted on 04/16/2009 9:24:50 AM PDT by Billthedrill
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To: reaganaut1; Timesink; martin_fierro; reformed_democrat; Loyalist; =Intervention=; PianoMan; GOPJ; ..

“Fear and Greed” had people in the streets protesting taxes and Socialism as well.


31 posted on 04/16/2009 9:32:03 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: Travis McGee
I would only sell them to put food on the table.

I almost did once. Then I took the rifle and went 'shopping for groceries'. Any month with an 'r' in these parts is good for whitetail...That rifle fed four families for a year, far more than the money it would have brought in would have.

32 posted on 04/16/2009 10:42:32 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: ScottinVA

I will second that. Remember the footage of the thugs in New Orleans after Katrina? The police were pinned down and the rabble (us) were left on their own. Every time there is an economic downturn, crime goes up. Plus when you have dim senators like schumer and dim reps like bobby rush (See HR 45) floating ideas that will either make ammo so expensive we can’t afford it or HR 45 which makes us ask permission from Eric Holder is we can possess firearms we already have. Most normal thinking people who can connect the dots are figuring that some of this will come to pass. So they act on what they believe is going to happen. The other fun fact of HR 45 is that you have to ask permission to possess a gun of any type and submit a huge amount of information on yourself. For any reason they deny us permission, they now have your name, address, fingerprint, photo, type of firearm, brand and serial number on and on and on. I cannot trust this gang with that much information.
The Constitution is written in language that the common man could understand. I means what it means, no more.


33 posted on 04/16/2009 11:20:42 AM PDT by Texas resident
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To: Travis McGee

Would the CZ-25 kick like a mule, or is their large round rather tame? Would it be comparable to a 92F or other 9mm?


34 posted on 04/16/2009 11:32:16 AM PDT by wastedyears (April 21st, 2009 - International Iron Maiden Day)
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To: Joe Brower

What if a friend wants to buy one off you?


35 posted on 04/16/2009 11:34:52 AM PDT by wastedyears (April 21st, 2009 - International Iron Maiden Day)
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To: Travis McGee

Load with a .30 sabot with a .22 pill and let the good times roll.


36 posted on 04/16/2009 11:36:38 AM PDT by beltfed308 (Heller: The defining moment of our Republic)
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To: Teacher317

I guess it depends on what kind of car a person could get. You could get a used one for just a few thousand.


37 posted on 04/16/2009 11:38:19 AM PDT by wastedyears (April 21st, 2009 - International Iron Maiden Day)
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To: Joe Brower

The only gun to leave my hands was my first Glock, a .40 caliber Model 23.

Something was hinky with the barrel, it always started to tumble bullets after they flew about 10-15 yards.

I traded it for a Model 34, a real tack driver.

I’ve still got about 1500 rounds of mixed .40 round nose and HP ammo and no .40 to shoot it out of.

I’ll probably hang onto it for now.


38 posted on 04/16/2009 11:45:27 AM PDT by TC Rider (The United States Constitution - 1791. All Rights Reserved.)
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To: rhema

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.

Oh, and also promise to rein in his AG and DHS chief, and the BATFE.

waiting

waiting

chirp


39 posted on 04/16/2009 11:49:08 AM PDT by TC Rider (The United States Constitution - 1791. All Rights Reserved.)
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To: wastedyears
"What if a friend wants to buy one off you?"

Heh. Depends whether I want to hang onto it or not.

40 posted on 04/16/2009 11:49:17 AM PDT by Joe Brower (Sheep have three speeds: "graze", "stampede" and "cower".)
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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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