Should I sell

[battlegraduate09]

I give up... what is it?

Maybe the option of not buying something if you think it is more than you are willing to pay vs not having any choice and being forced to buy something whether you want it or not (aka obamacare)

I'll try to make a quick point. I'm big into diesel performance. Years ago Banks made a drivers side boost tube. It was selling for x amount of dollars. They had y amount in them. A guy with a business bought many many of them at the x price. And sold them for over double. Banks was selling a product in a sellers market because people wanted them but could only get them with a purchase of an intercooler from banks. They made them available by themselves and madea lot of money. The other guy was ripping people off. Still selling the same product for the same purpose. Only difference was banks wasn't raising there prices forcing him to raise his due to replacement costs like gun dealers now

 

[carpriver]

I thought about

it 3 weeks ago. I have a Rock River Entry Tactical carbine. with iron sites,and a fore grip and a tactical sling and 4 30 round mags. and 2000 rounds of 5.56 American Eagle ammo. A gun shop owner offered $1200 for the gun and $1500 for the ammo. I decided I wanted the gun as I didn't need the money and I am not sure I would be able to replace the gun and ammo for what I paid. And what I do with with the reloading dies, powder, brass, primers and bullets.

You could make some cash and get one or two SW revlovers but you may never be able to get AR (american sporting rifle).

 

[gophere]

If its your only one NO. I had a bit of stuff that didinot fit to well in the safe. Turned it into a 04 grand cherokee. It felt gooood

sent from montana, usa

 

[A10]

Whats the difference in a sellers market and ripping people off ?

So, let's say you bought an ounce of gold in 2008 for around 600 bucks. You can keep it if you like, but if you decide to sell it today you could get 1600 for it. If you sell it for the current going rate are you ripping people off? Folks don't have to buy right now, and when I get asked I advise people to wait. But it's their call.

BTW, I'll sell you my DPMS for a cool 15 grand........

 

[gm272gs]

I'll bet the difference with your analogy is that back then, the lack of supply of boost tubes had nothing to do with reactionary goofballs spreading rumors about the "gubment" taking our boost tubes away, and other goofballs believing them.

 

[battlegraduate09]

I'll bet the difference with your analogy is that back then, the lack of supply of boost tubes had nothing to do with reactionary goofballs spreading rumors about the "gubment" taking our boost tubes away, and other goofballs believing them.

Of course. I meant the difference in a sellers market and ripping people off. I wasn't including the surrounding "threat" causing people to overpay. Of course it is not the same as this situation however it is similar in principal. Was the guy wrong for selling the exact same product for double the price plus shipping than the other company just because people wanted one ? I think so but my thinking may be different than others.

 

[battlegraduate09]

So, let's say you bought an ounce of gold in 2008 for around 600 bucks. You can keep it if you like, but if you decide to sell it today you could get 1600 for it. If you sell it for the current going rate are you ripping people off? Folks don't have to buy right now, and when I get asked I advise people to wait. But it's their call.

BTW, I'll sell you my DPMS for a cool 15 grand........

No thanks. After my boating robbery I vowed to never replace my firearms. But just like my analogy was rebutted, there is nobody saying you can't have gold anymore, and the person saying this is not surrounded by people wearing a pound of gold.

 

[Hillbilly77]

I have an AR 15 that's about a year and a half old and I have never shot it.

This fact would make me sell it and buy something else that I would use.
But then, I'm not a gun collector. All of mine serve a purpose (except for an old, ratty looking shotgun that belonged to my grandfather - that one is retired).

 

[125JHP]

Of course. I meant the difference in a sellers market and ripping people off. I wasn't including the surrounding "threat" causing people to overpay. Of course it is not the same as this situation however it is similar in principal. Was the guy wrong for selling the exact same product for double the price plus shipping than the other company just because people wanted one ? I think so but my thinking may be different than others.

In your example, no one had to buy from the shop charging double, as they could still buy the part at retail. They did so because they wanted it now,and were too lazy to find a cheaper alternative. They probably grew up in an instant gratification society where money means nothing and they got what they wanted (and deserved).

In a free market, one can ask any price they want for something, if you don't like it don't buy it. The person who willingly agrees to pay that price, sets the market value at that time for their need. It is not ripping off just because it is x higher than it was yesterday. If you don't want to pay the price, well go find it someplace else.

It may be a sad state of affairs but that's the way it is... what else are you going to do?
Would you propose to institute govt. regulations, fines and other controls telling people what and how they can dispose of their property and all that come with that ... or do you want the freedom of choice? You can't have it both ways.

 

[C.S.63]

miles71, OP
If you are not strapped for cash,

hang on to that AR! hang on to all that you have for it!

I took this link off another thread on this forum, watch the vid

New York State Resistance - "... prime for something like that." 1/29/13 - YouTube

 

[gm272gs]

That's true. The government could step in and make sure that everyone got what they needed at a set price. They could control all means of production - and make sure everyone had the same as everyone else - when they needed it. They could also try to make sure that no one had more or less money than anyone else, and everyone got a trophy. That sounds like France.

 

[novalty]

People also are acting like manufacturers are going to stop producing. Buy, buy, buy, cause you won't be able to get this stuff again. Haven't seen any post about any firearm, ammunition, reloading manufacturers closing up shop.

 

[dcxplant]

Unless destitute, NEVER sell a gun.

I've always regretted every sale and trade.

Get a bigger safe!

-------------

PS:
That goes for motorcycles too! I have regretted selling every bike I've sold..... Every now and again I get the urge to purge and one motorcycle I don't ride anymore for various reasons is a 2003 100th Anniversary fuel injected Deuce.....and then ten minute later I kick myself into reality and realize I would regret that more than just about any other sale, including my 1973 BMW R75/5.

 

[gm272gs]

No kidding. The mantra should be "Sell, sell, sell, before the goofballs come to their senses!"

 

[jaykellogg]

IMO, if you get a rather high price you are not "ripping off" anyone. As Diane Feinstein said,"Nobody needs and AR-15" (Nobody needs one right now) All the folks buying them now are reacting to the hysteria. I had a good friend call me and ask if I thought he should buy one. My unspoken thought was "If you didn't want one a month ago why do you want one now?" Turns out he had found someone with two that was willing to sell him one at the price he paid 7 years ago.

I stand by my advice, If you really don't want it, now is a good time to sell. Understand though, you may not be able to buy another. I think that scenario is unlikely, but the possibility exists.

For some reason AR-15s are like 1911's in the respect that one is not enough. I don't really think they are all that scarce, it is just that many owners own more than one.

 

[vigil617]

Not to beat a dead horse here, but in determining whether fair market value has been exchanged in a transaction of any product, the key is that there has been a meeting of the minds of an informed seller and an informed buyer, with neither party acting under the influence of outside factors that significantly affect his/her decisions.

The uncertainty about the immediate future of firearms in general in this economy certainly qualifies as an "outside factor" that heavily influences purchases and sales right now.

That's why it's really hard to say what "fair market value" is.

A seller's market exists when demand exceeds supply (or at least is perceived to), allowing sellers to ask and get what only recently would have been exorbitant prices for their products.

IMHO, an informed buyer -- even taking into account his fear of whether the product will continue to be available -- is not being "ripped off" by purchasing a product at a high price.