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Well belt feds are way more fun than what is basically a rifle, I can say that.
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Having shot quite a few belt-fed MGs with the military, you're absolutely right that belt-feds are way more fun to shoot than a subgun or select-fire rifle. However, paying for the ammo to feed them isn't much fun. I'd say on the civilian side they're largely for very wealthy people who can afford to drop a few thousand $$$ on a trip to the range.
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Surplus ammo is pretty much done, and definitely done at 'less than the cost of the bullet' prices.
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Yup, the days of buying huge quantities of WWII 8mm Mauser and Cold War reserves of 7.62x51 and .50 BMG are over.
I remember when I first got into the NFA game years ago that M16s where a few thousand with belt-feds way above that, now we're seeing the reverse as you're basically getting a very cool paperweight.
My prediction is that the M16s and anything in 9mm or .22LR (or will accept a .22LR conversion) keep climbing, while everything else either levels off or appreciates much more slowly.