avoid buying overpriced ammo from gun broker

[boatboy]

Did anyone else hear Banjos when Glockboy talked?

Ok seriously through this I am quite surprised how many "gun Owners" really must stop at Wally World on the way to shoot. My brother inlaw yesterday told me about his box of 50 22 he had and told his son not to shoot unless its worth shooting at its too valuable right now

Over the years I am in a store I see a fair deal on ammo I pick up a box or two a good deal maybe 10 Today I am set I dont need to pay the high prices. I have shared with a few friends (and share with me) who needed ammo and either said just replace it to me when you can or I know the LGS is selling this for XXX when he gets it take your choice.

I was at a store today and they had brass 9mm for 9.95 they had a two box limit OK I got my 2 if there was not a limit I would have bought 5 or 10 this is my target price for 9mm I have a couple Colt ARs in 9 with quite a few Semis and its easy to burn lots AND FUN TO BURN LOTS.
But am am slowing down I have bought stored cared for this ammo its for me and my family to enjoy
Hank

 

[perfectcircle1]

Does anyone care about this thread?

Sent from my SCH-R760 using Tapatalk 2

 

[boatboy]

We must its growing
Kinda like does anyone care about Springer someone must its been on for 20 years (OK you got me if I am in my office working its on)
Please keep it a secret
Hank

 

[erick1987]

Does anyone care about this thread?

Sent from my SCH-R760 using Tapatalk 2

don't look at it if u don't like it. are we forcing u to?

 

[Dezfan]

Does anyone care about this thread?

Sent from my SCH-R760 using Tapatalk 2

Apparently so, there have been 60+ responces.

I'm in no way individually wealthy, when I decided that I wanted to add an AR to my collection, I started picking up 223 before I even recieved the rifle.

I was fortunate and picked up 300 rounds from Cabelas right after Thankfiving for $99.00.

I returned a week later and picked up another 300 for the same price.

Since then, I pick up a box here and there when I can find it at my LGS, gun show, or WalMart and I've added 600+ more rounds to my cache.

No huge outlay of cash, just being diligent and made buying ammo a priority. I've sacrificed many a fast food lunch the last few months and instead used that to purchase ammo.

It can be done without resorting to buying from the inflated secondary market.

 

[CoMF]

Got no ammo either,huh?

Nope. I've got plenty. In fact, I dumped a bunch of 9mm duty ammo I no longer had a need for at my LGS before the panic buying started, and probably not a moment too soon either.

Sorry guy. You were hoping I was the grasshopper and not the ant, weren't ya?

 

[Xtasy]

If somebody pays me $80 for a 500 round brick, guess what? I will sell it to him

 

[Lost Lake]

Only reason I am upset is because I am a new gun owner, and have only put 50 overly priced reloaded rounds through it, because I can't find ammo to shoot, and ranges charge WAY too much for theirs. It actually makes me want to sell everything I have, and just forget I was even interested in my rights as an American.

Waaaa Waaa Waaaa. Now your rights are being trampled on because ammo costs more?

Ammo is available. Period. If you want it, pay the going rate! Everyone who is buying ammo is paying the going rate, whether they buy from Walmart or gun broker.

But if you want to sell that new gun of yours, I'll give you 50% of what you paid for it. It is used after all.

 

[KJM]

Nope. I've got plenty. In fact, I dumped a bunch of 9mm duty ammo I no longer had a need for at my LGS before the panic buying started, and probably not a moment too soon either.

Sorry guy. You were hoping I was the grasshopper and not the ant, weren't ya?

No...but now I see more clearly.

You sold YOUR ammo BEFORE the price rise and are upset you missed out on a great opportunity.

 

[CoMF]

No...but now I see more clearly.

You sold YOUR ammo BEFORE the price rise and are upset you missed out on a great opportunity.

Nah. I still made a good chunk of money from selling 50+ boxes at $10 a box, plus I was happy to do business with the owner of my LGS who's been really good to me over the years. He also deserved to make a profit by virtue of being the owner of a brick and mortar business who actually reinvests his profits into capital (i.e. his business) unlike opportunistic scalpers who are looking for short term gains by feeding off of the desperation of others.

Anything else you'd like to add? Your assumptions are most entertaining.

 

[blujax01]

... I was happy to do business with the owner of my LGS who's been really good to me over the years. He also deserved to make a profit by virtue of being the owner of a brick and mortar business who actually reinvests his profits into capital ...

So:
By not forcing the store owner to purchase his stock at the going rate (the market price) you are subsidizing him "for the good of the public."

Or:
You are simply helping out a friend in need - which I think all of us would do in a heartbeat.

 

[KJM]

Nah. I still made a good chunk of money from selling 50+ boxes at $10 a box, plus I was happy to do business with the owner of my LGS who's been really good to me over the years. He also deserved to make a profit by virtue of being the owner of a brick and mortar business who actually reinvests his profits into capital (i.e. his business) unlike opportunistic scalpers who are looking for short term gains by feeding off of the desperation of others.

Anything else you'd like to add? Your assumptions are most entertaining.

Yeah..let me know next time your "LGS" who has been so "good to you over the years" sells to you at cost.

Anyone who had the brains to lay out x amount of dollars, and is now selling at a profit is smart, not feeding off the desperation of others, as no one has to pay a nickel more than they want to. ( ie: free market)

Anything else you'd like to add? Your opinion of how markets work are most entertaining.

I see you are of the "buy high, sell low" mentality.

And who, by the way, gave you authority to proclaim who "deserves" to make money on ANYTHING?

 

[erick1987]

I just don't like the people who have no firearm background going and buying all sorts of ammo for the purpose of resale online. it is hard for me to find ammo because when the store opens, i'm at work. by the time i'm off, no ammo. I live in Illinois so you cannot buy ammo online. the store is my only option. now if I were to get a ffl, it could be shipped to me.

 

[uechikid]

I stocked up on 40 S&W before everything got so crazy. I'm a pretty new shooter and need the practice. I'm not going to sell any for any reason. Not buying either, unless It's a great buy.

 

[Malpasowildlifer]

to me it is taking advantage of fellow gun owners. not saying u cant sell it but at 2-5x retail is gouging. kind of like gas after 9-11.

Well said Erick

 

[Zjnovak]

In the summer of 2011 and 2012 (hopefully this year too) I used to flip vintage Honda motorcycles. I could buy a CB900 custom for a couple hundred bucks, put a few hours of work into it, and spin it for +/- $1,000. A profit of $800 is great, at least for a side-job.

Ammo is the same way. If you can buy it for $10 a box and sell it for $30, by all means do so. If you are concerned about the gouging, do what I did and either A) Stock up after this storm rolls over, or B) start reloading and stock up on supplies.

I listed up five boxes of 9mm Tulammo on Armslist with "make offer" as the price. I paid $10 a box and was willing to sell it all for what I had paid. I got 20+ emails offering $20/box. THEY offered it, not ME. If one person offers you $10, and the other offers $20, who are you going to sell it to?

I do partly agree with you though- if people stopped feeding into it, the market would eventually flood with ammo, making it become cheaper. Its all about supply and demand, and what people are willing to pay.

 

[bp231986]

ammo to us is like pizza to a fat guy....cant ever have enough of it!!!

 

[CoMF]

So:
By not forcing the store owner to purchase his stock at the going rate (the market price) you are subsidizing him "for the good of the public."

More like for the good of his business. Added foot traffic is meaningless when you've got nothing to sell.

Or:
You are simply helping out a friend in need - which I think all of us would do in a heartbeat.

I repay those who are good to me; it's the least I can do.

 

[CoMF]

Yeah..let me know next time your "LGS" who has been so "good to you over the years" sells to you at cost.

Not at cost, but damn near cost, especially when I make big purchases. Always has, still does. Jealous?

Anyone who had the brains to lay out x amount of dollars, and is now selling at a profit is smart, not feeding off the desperation of others, as no one has to pay a nickel more than they want to. ( ie: free market)

Anyone who cleans the ammo shelves of a brick and mortar for the sole purpose of auctioning it all off on Gonzo Broker for 2-3x retail price or more is a greedy opportunist. You'll get no sympathy or praise from me for doing that, and you can be rest assured that I'll encourage others not to do business with you.

Anything else you'd like to add? Your opinion of how markets work are most entertaining.

My opinion is also more educated and informed, but I'm glad you at least find it entertaining.

I see you are of the "buy high, sell low" mentality.

I bought the overwhelming bulk of my stores back before the panic when the prices were some semblance of "normal." I'll leave others to judge the merit of your statement.

And who, by the way, gave you authority to proclaim who "deserves" to make money on ANYTHING?

The first article of the Bill of Rights, that's who. Get used to it.

 

[CoMF]

The "debate" thus far...

On the one hand, you have the folks who are bitter (and perhaps rightfully so) because they came into the game too late and are now are forced to hunt for ammo or buy it at grossly inflated prices.

On the other hand, you have the curmudgeons who, predictably, dismiss the former as a bunch of whiners and go on to extol the "virtues" of being a greedy profiteer under the guise of "capitalism" and then proceed to defend such behavior as if it were sacrosanct.

Meanwhile, the people who try to bring some reason into the mix and present some very sound and well thought-out posts get squelched out by the humdrum of the arguments from the aforementioned groups.

Before this thread gets a lock put on it, I'm just gonna close with the following:

Is there anything stopping you from going out, buying up all the ammo you can find, and selling it for inflated prices on the secondary market? No. Should we vote with our wallets and not support these people, even if it means that we probably won't be able to buy any ammo in any meaningful amounts for the forseeable future? ABSO-FREAKIN-LUTELY.

Now... If you were smart, you would've steadily built your stores piecemeal while the prices (and people) were mostly sane. If you waited until now to do this, you've only got yourself to blame when all you can find are bare shelves or insane listings on auction sites. If you're buying up ammo en masse to build your stores quickly because you lacked the foresight to do it gradually over the years, you're adding to the chaos and compounding the "problem." Is there anything stopping you? No, but I reserve the right to criticize you for failing to plan ahead like you should have.

If the price is too high, then you should not buy.

If we all abided by this simple maxim until the storm has been weathered, I think it would do a world of good for our collective sanity and well-being.

We're done here. Mods, slap the lock on.