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View Poll Results: Is it wrong to take advantage of the panic buying?
I don't know. 6 5.26%
It's wrong because you are taking advantage of their emotional reactions to the political climate. 11 9.65%
It is not wrong because they are not being forced to buy anything. 97 85.09%
Voters: 114. You may not vote on this poll

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Old December 22, 2012, 05:30 PM   #1
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Is it wrong to take advantage of these suckers on Gunbroker/Armslist?

There have been some very hysterical buyers this week who are all too willing to part with most of a hard earned paycheck just to get what they think are the last Pmags in existence. It's ridiculous!

So if you've hoarded up a good pile of mags, do you think it's wrong to get while the gettin's good, and grab some of the money being thrown around by some of these poor panicked souls?
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Old December 22, 2012, 05:56 PM   #2
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I can see both sides of the argument.

Yesterday I saw at least 20 ARs sold 99% of those were to people that knew exactly zero about ARs. Some planned on making a fortune, some just wanted to get one before they were 'outlawed'

I also know many people that would love to own an AR but lack the money to get them. What about them?

Also yesterday I saw that 1% from a gentlemen that was planning to surprise his son with an AR for Christmas, thankfully he had it reserved, but it was sad to see him try and locate some mags and ammo at the already cleaned out shop. All he was worried about was trying to find them before christmas.
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Old December 22, 2012, 06:55 PM   #3
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Like Venom said I see both sides. It comes down to supply and demand. There is 0 supply right now and a huge demand. If the government bans AR's from private citizens, you will only see prices go much higher. (For the first time ever, I think there is a very real chance of this happening). For me personally I can live without my AR if I can triple what I paid for it. And I have had 5 serious offers to sell it for close to this amount.
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Old December 22, 2012, 07:07 PM   #4
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At the range today. Saw a buckmaster change hands for 2500 and it was nothing special.
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Old December 22, 2012, 07:12 PM   #5
Brian Pfleuger
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It's free enterprise.

The only exception are limited supplies of essential items, like electricity, gas, etc. Those are things that are essential to modern society.

People buy stocks (business shares, not rifle parts) every day with the explicit intent of waiting for a price increase and then selling. I bought Apple stock at $17 and sold it at $31. I was pretty proud of myself. One might argue that I "Ripped off" the buyer by charging them 75% more than I paid, except they didn't "need" to buy and they willingly paid what I asked. (If only I'd kept that stock! It's at $519 today!)

There's absolutely no moral dilemma with asking any price for any ordinary piece property. If you LIE, that's one thing. That's wrong. Tell people that this $5 thing sells for $100 all day and you'll give them a deal at $90, that's bad.

Taking something that you paid $20 for and putting it up for sale for $50, $100, even $1000, no issue. That's the free market. Don't like it, don't buy it.
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Old December 22, 2012, 07:53 PM   #6
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So far, I've played it cool. My LGS produced about seven boxes of Pmags yesterday, so I casually strolled in and picked up a couple (at a normal price). They are just too cool, I don't know what I would do without them
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Old December 22, 2012, 08:30 PM   #7
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Brian makes several good points. Let your moral compass be your guide.
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Old December 22, 2012, 09:46 PM   #8
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The value of any good or service is based on what people are willing to pay. This kind of thing happens all the time. Buying a winter coat is much more expensive during winter than buying one in the spring.

The prices of guns remind me of the housing bubble that burst. Obviously there is a real threat to a ban on certain items, but who knows if that ban will happen. If it does will it either expire or be reversed sometime in the future.
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Old December 22, 2012, 10:34 PM   #9
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I for one am looking forward to Feb, Mar, April when alot of these ARs and such hit the market because the folks that rushed out and bought them found out that they couldn't afford them.

I predict that there will be deals.
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Old December 22, 2012, 10:42 PM   #10
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You have to be smart enough not to get swept up in the hysteria. If owning an AR was important to you, you should have picked one up at any time during the last four years. There were some tremendous deals out there. Same with mags. I would gladly sell my RRA AR for triple what I have in it if somebody wanted it. I'd also sell the 15 PMags I have for $60 each if someone was silly enough to pay that. I don't think I'll actively try and sell them, but if it came up I would certainly do it. Then I'd go buy me a nice bolt action 22-250, some ammo and a 1/2 oz of gold.
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Old December 22, 2012, 10:57 PM   #11
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If you question their judgement, then why should they be allowed to purchase a firearm. It is a slippery slope, and I would prefer to think the buyers have their sanity.
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Old December 23, 2012, 04:34 AM   #12
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I think that it's totally fine. I wouldn't part with my AR for really anything. It's also a left handed Stag, so there's that going against it.

It's just a seller's market right now, in 10 months all these people spending multiple thousands of dollars on run of the mill products are going to take a huge loss and we'll be talking about the insane amount of cheap ARs and their excesories.
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Old December 23, 2012, 04:43 AM   #13
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Most likely if I sold my Daniel Defense with its Pmags right now I could get upwards of 3k. But I'm juuuust a bit too uncertain about the future.

I don't think there is a moral issue unless you lie. If the market will bear $100 per Pmag, so be it.
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Old December 23, 2012, 06:08 AM   #14
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I think its the free market in action. Its not your fault everything is upside down right now, you didn't wish this would happen. If you sell at less than the going price someone will pick them up and resell at market price anyways. Why give the profit to a stranger? The end user is going to get "ripped off" either way.

The only thing i can see is that maybe as an indirect consequence it would make a new enthusiast bitter that his first purchase was during a scare and he paid more than he wanted to. Might lose more people on our side from the sour taste of his/her first purchase...but they have to realize its just timing. Gas, beef, baseball cards... its not just guns that wildly vary in price.
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Old December 23, 2012, 04:55 PM   #15
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I would not part with any of my rifles unless it is to fund another rifle purchase. Don't be too sure who the sucker will be in the end.
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Old December 23, 2012, 07:30 PM   #16
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People are being reactive when they need to be proactive.

Proactivety begins when you write, call, or email your congressman expressing the need to preserve the Constitution and the Bill of Rights despite the political climate. In particular; The Second Amendment
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Old December 23, 2012, 08:58 PM   #17
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If we word it as "taking advantage of suckers," then yes, I have an ethical problem with it.

As others have mentioned, if there were to be a ban, I'd have divested myself of the very objects I can't replace.
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Old December 23, 2012, 08:58 PM   #18
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we are all big boys and girls. spend your $$ wisely. once its gone, it dont come back and you may need some when you get old.
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Old December 23, 2012, 09:04 PM   #19
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If we word it as "taking advantage of suckers," then yes, I have an ethical problem with it.

As others have mentioned, if there were to be a ban, I'd have divested myself of the very objects I can't replace.
The number of NIB guns for sale at large mark up by low or first time sellers would seem to indicate that some people may be buying guns and then reselling them at a large mark up. They already have guns but are trying to make money by taking advantage of a short term demand/ supply issue to profit. This exacerbates the problem and increases profit for the people who participate.
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Old December 23, 2012, 11:31 PM   #20
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supply and demand. they demand it, so you supply it. everyone ends up happy.
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Old December 23, 2012, 11:43 PM   #21
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i have one part left to complete my build, i have been working on it a long time, all i need is a bcg and i am on a limited budget so i have been saving up to buy a part at a time, now i go to buy a part that normally is like 125-150 and i cant because they are 350 dollars now. i think the part hoarding and price rapeage is wrong when you are preventing the little guy who just wants one rifle from having that.
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Old December 24, 2012, 12:19 AM   #22
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Hang on a while. Your part will come back down. It is a sellers market for now. I see no problem with sellers letting things ride on the auctions. It is a luxury item. No one is making people bid on them. More power to them. It's not baby forumula after a hurricane. One tactic might be to put up another overpriced item out for trade for your bcg. For example if you have extra pmags, they are like gold bars right now, put three or four up for trade in the usual places. I bet you get some bites.
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Old December 24, 2012, 02:48 AM   #23
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Old December 24, 2012, 07:13 AM   #24
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Our market system is based on supply and demand. The watchword is "Let the Buyer Beware".

Having said that, there were certain gas stations that inflated their prices after Sandy hit. I don't care if they sell gas now at $.20/ gallon less then other stations in the area I will not buy from them. There is one station in the area that is the only one with a generator. A little over a year ago, after a major storm knocked power out for days, they were the only station selling fuel in about a 10-15 mile radius. They had lines that reminded me of the 70's. They did not raise their price. I'll assume they made a lot of money but they easily could have made much more.

I make a point of buying my gas from them when I'm in that area (often) even though they are always $.05-$.10/ gallon more. I am happy to pay the extra $.50-$2.00 to support a neighbor who not only doesn't take advantage of his customers but supports them.

Here at home I speak with my neighbors and urge them to remember the local stations that jacked up their prices and to remember those that did not. I urge you here to remember the local and online dealers who didn't "take advantage" of their customers and those who did.
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Old December 24, 2012, 07:28 AM   #25
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Personally, I think it's wrong and wouldn't do it.

However, I also believe you can ask any price you want. It's a free market after all.
"He who laughs last, laughs dead." Homer Simpson
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