Is a machine gun a good insurance policy?

Cool Hand · July 15, 2008, 12:48 AM

Someone once told me that a machine gun is the best insurance for your gun collection in case of theft. If someone shoots a full auto within earshot its likely to raise suspicion and a call to the local officials. They'll get in touch with the state and federal officials. All the extra law enforcement will find the machine gun, find out where it came from and eventually find the rest of your collection. Maybe even your TV and jewerly too. Does any of that seem plausible?

predator86 · July 15, 2008, 12:55 AM

plausible maybe.....that is one expensive insurance policy though man.....isnt cheaper just to get a dog and keep it chained to your safe?? who's wheaties did you spit in?

David Hineline · July 15, 2008, 01:51 AM

Depending upon where you live, some areas are quite used to automatic gun fire so it would not create a report.

You would report the lost guns serial number so any serial number ran buy a pawn shop or gun show would show up a stolen gun. No gun shop or pawn shop is going to touch a gun if the seller talks about machinegun, so the serial number will never be ran.

Many criminals looking to sell for cash would just dump that in the river for fear of the extreme penalties.

Another dealer here in NE just recovered a stolen UZI that was away for 10yrs and being shot routinely. Once the current owner found out the gun was stolen he turned it into police and they returned it to the legal owner. The illegal owner thought he had bought it properly but did not understand the NFA rules.

guntotin_fool · July 15, 2008, 02:01 AM

its a good insurance policy for your wife, because the return on buying a good one has been better than the stock market for years.

Conqueror · July 20, 2008, 11:08 AM

Quote:

Someone once told me that a machine gun is the best insurance for your gun collection in case of theft.

The best insurance policy for your gun collection is an insurance policy.

GarrettJ · July 24, 2008, 02:24 PM

Quote:

...the return on buying a good one has been better than the stock market for years.

Not recently. Prices on the more common machine guns have been flat for the past two years or so. If anything, prices may have dropped off slightly, likely due to the economy.

As discretionary income decreases, sales of "toys" drops off.

Also, the prices of several machineguns doubled or tripled within the space of a few years. They seem to have reached a plateau, and will take a little time before they continue to see much of an increase.

MicroBalrog · July 28, 2008, 05:22 PM

Buying guns that are only expensive due to a government regulation is a bad idea in terms of investment.

Just think - an anti-gun administration could easily ban machineguns altogether, or, conversely, it's possible 822(o) will be repealed, and when where will you be with your $20,000 gun?

July 15, 2008, 12:48 AM	#1
Cool Hand Member Join Date: July 9, 2008 Posts: 16	Is a machine gun a good insurance policy? Someone once told me that a machine gun is the best insurance for your gun collection in case of theft. If someone shoots a full auto within earshot its likely to raise suspicion and a call to the local officials. They'll get in touch with the state and federal officials. All the extra law enforcement will find the machine gun, find out where it came from and eventually find the rest of your collection. Maybe even your TV and jewerly too. Does any of that seem plausible?

July 15, 2008, 12:55 AM	#2
predator86 Senior Member Join Date: November 2, 2007 Location: wisconsin Posts: 549	plausible maybe.....that is one expensive insurance policy though man.....isnt cheaper just to get a dog and keep it chained to your safe?? who's wheaties did you spit in? __________________ Beware the man with one gun.

July 15, 2008, 01:51 AM	#3
David Hineline Senior Member Join Date: December 23, 1999 Location: South Sioux City, Nebraska Posts: 704	I would say no Depending upon where you live, some areas are quite used to automatic gun fire so it would not create a report. You would report the lost guns serial number so any serial number ran buy a pawn shop or gun show would show up a stolen gun. No gun shop or pawn shop is going to touch a gun if the seller talks about machinegun, so the serial number will never be ran. Many criminals looking to sell for cash would just dump that in the river for fear of the extreme penalties. Another dealer here in NE just recovered a stolen UZI that was away for 10yrs and being shot routinely. Once the current owner found out the gun was stolen he turned it into police and they returned it to the legal owner. The illegal owner thought he had bought it properly but did not understand the NFA rules.

July 28, 2008, 05:22 PM	#7
MicroBalrog Senior Member Join Date: February 22, 2002 Posts: 1,165	Buying guns that are only expensive due to a government regulation is a bad idea in terms of investment. Just think - an anti-gun administration could easily ban machineguns altogether, or, conversely, it's possible 822(o) will be repealed, and when where will you be with your $20,000 gun? __________________ NFAOA Repeal 922(o)!

July 15, 2008, 02:01 AM	#4
guntotin_fool Senior Member Join Date: November 18, 2004 Posts: 1,446	its a good insurance policy for your wife, because the return on buying a good one has been better than the stock market for years.