Just sold a case of PMC X-tac on GBR for $1200

[shibumiseeker]

So while you may think you're "right" in that the people selling their goods back into the market are "driving this" the only thing they are really driving is keeping the prices somewhat lower by adding their good back into the supply chain, keeping the prices lower than if they weren't selling them back into the chain.

And that was a very good basic introduction to supply and demand economics.

It's PART of the free market, and as such something that people who bleat on about how important the free market is should understand.

What is NOT part of the free market is when supply is cornered and prices are driven up because of an artificial demand, such as the guy who walks into WM when they get their ammo shipment in, buys everything in sight, and then turns around and sells it a a markup. THAT is capitalism and is part of the inherent flaw in pure capitalism because it allows those who command greater resources to create shortages which short circuits the free market system.

This is not rocket science, it's econ 101.

 

[CountryBoy19]

And that was a very good basic introduction to supply and demand economics.

It's PART of the free market, and as such something that people who bleat on about how important the free market is should understand.

What is NOT part of the free market is when supply is cornered and prices are driven up because of an artificial demand, such as the guy who walks into WM when they get their ammo shipment in, buys everything in sight, and then turns around and sells it a a markup. THAT is capitalism and is part of the inherent flaw in pure capitalism because it allows those who command greater resources to create shortages which short circuits the free market system.

This is not rocket science, it's econ 101.

Right, no economic theory or model is without it's flaws. That's because they are taking something very complex, driven by many different factors, and trying to simplify it down to only a couple different driving factors.

While I agree that the people going to Walmart and buying all the stock out and selling it at high prices are contributing to this, I don't think their effect is playing that large of a role in this. If Walmart's pricing strategy followed the fair market value they'd be selling at the same price right now. However, it's too complex to sell at the fair market value because that means their price-tags need to be changed daily.

The point I'm trying to make is just that the people that are pulling from their own stash purchased pre-panic, and selling back into the supply chain are helping to keep prices lower than they potentially could be right now.

 

[shibumiseeker]

The point I'm trying to make is just that the people that are pulling from their own stash purchased pre-panic, and selling back into the supply chain are helping to keep prices lower than they potentially could be right now.

I got that, and it's what I posted as well earlier.

I just see a large difference between the guy who buys up all of the WM ammo just to resell at a higher price, and the person who releases some of their reserve at the current market price, but they seem to get lumped into the same category.

I too have no use for people who have opportunity to plan for shortages but fail to do so.

 

[hornadylnl]

So I have a question here:

A few weeks ago I released some of my stash of .223 and 5.56 brass when folks were complaining of not being able to find any. What the heck, I have a lifetime supply of it and can easily get as much more as I want. I've never sold any before because frankly it used to be so cheap as to not be worth my time and I'd always kinda sat on it in case I was ever desperate for money.

I limited people to 400 (200 fit in a small flat rate box) cases at a time because I was watching people flip it to make a profit and I sure didn't want to be part of that.

I sold it for about 30% more than the pre-craze prices which just barely brought it up to the "worth my time" point. Not such a crazy price to put it out of reach for anyone starting out, but a reasonable price for the new reloader who might be looking for a small quantity to get started, much like all new reloaders overpay for components because they haven't learned to buy in bulk quantities yet.

I got one guy who in a PM out of the blue told me how I was scalping it and he wasn't going to be buying any at that ridiculous price. I'd seen he'd had a WTB ad for that brass. The a couple weeks later I saw he was now selling brass at a price higher than I'd been asking, so maybe he was just mad I wouldn't sell him something so he could make money

I did end up selling 4-5k brass to folks who seemed happy to get it.

So, the question here is: were my actions taking advantage of "my fellow Hoosiers" who I don't know in this time of shortage or should I have simply kept sitting on my supply and not let any out except to close friends who I will GIVE it to because they are friends?

I have a crap-ton of primers, powder, and bullets that I bought pre-panic at decent prices, a little at a time as I could afford them, and the fact that I have them now means that I don't need to buy any right at the moment when both the prices are high AND the supply is low, thus freeing up supply for people who do need them: should I continue to sit on them, or would it be unethical of me to sell some to people who are actually going to use them at current market prices?

Keep in mind, I don't need to sell anything right now as I don't NEED money, but I sure as hell am not going to allow a flipper to use my stores as profit generator, and if selling any of them at current market prices means that some of my "fellow Hoosiers" are going to view me as a scalper then I'll happily keep sitting on those supplies until I either really do need the money, or I've shot them all up, which at this point could take the rest of my life, any children I might have lives, and maybe even grandchildren...

You should offer up none of your stuff at all, especially at prices you think others should be charging. Then offer up 2 heap loads of moral support for the poor, downtrodden, and new gun owners while blasting those who actually do give the poor, downtrodden, and new shooters an opportunity to buy something.

Moral support. It's what's stocking store shelves across the nation.

 

[kiddchaos]

Remember this? How Fear Drove World Rice Markets Insane
Listen here:
How Fear Drove World Rice Markets Insane : The Salt : NPR

 

[hornadylnl]

Remember this? How Fear Drove World Rice Markets Insane
Listen here:
How Fear Drove World Rice Markets Insane : The Salt : NPR

I'm selling 9mm ammo for $5 per 50. Only problem is I don't have any 9mm ammo. But yeah me because I'm not gouging, I'm only charging $5.

 

[hornadylnl]

If prices come back down to normal, I plan to spend $5k on supplies. If Wolf primers come back down to $20 per k, I will buy 100k. Half for me and half to sell during the next panic. If Pmags come back down to $12, I will buy 100 to sell during the next panic. If steel cased 223 comes back down to the $2-250 range, I will buy 5-10k. If Lake City 223 comes back down to $3-350, I will buy 5-10k. I'll sell it off at the next panic. With my profits, I will buy even more when it comes down again.

Nobody seems to have a problem with someone doing this with other goods. Why is it so terrible to do so with guns and ammo?

 

[shibumiseeker]

If prices come back down to normal, I plan to spend $5k on supplies. If Wolf primers come back down to $20 per k, I will buy 100k.

Two years ago I lucked onto a deal for CCI SRP for $16/k, so I maxed out the hazmat weight and bought about 70k. Ended up being like $17 to my door. I offered them up here and elsewhere for that price and had no one but Andrew take me up on them. I'll bet if I offered them up for $35/k right now I'd sell every one I had, and have people thanking me for giving them such a great deal. For something I couldn't interest anyone in 2 years ago.

Not going to sell them at any price right now though, as I said, I don't need the cash. Well, I suppose someone could offer me a price I couldn't refuse, but then I'd be an immoral gouger too

Folks probably don't want to hear how many Tula SRP I picked up when they were $14/k...

 

[hornadylnl]

Two years ago I lucked onto a deal for CCI SRP for $16/k, so I maxed out the hazmat weight and bought about 70k. Ended up being like $17 to my door. I offered them up here and elsewhere for that price and had no one but Andrew take me up on them. I'll bet if I offered them up for $35/k right now I'd sell every one I had, and have people thanking me for giving them such a great deal. For something I couldn't interest anyone in 2 years ago.

Not going to sell them at any price right now though, as I said, I don't need the cash. Well, I suppose someone could offer me a price I couldn't refuse, but then I'd be an immoral gouger too

Folks probably don't want to hear how many Tula SRP I picked up when they were $14/k...

Rest assured, those offering nothing more to the market than moral support would be here to bash you for selling them at $35 per k.

When I first started reloading, CCI's were $14 per k. I bought 25k of Wolf at around $18 per k in 2009. I've used up most all the small rifle primers I had but don't need any right now. If I run out of ammo, it's too late anyhow. But now that I'm in a position that I can afford it, the next time components come down, I will probably buy enough of each item to last my lifetime. I bought 200 405gr Remington softpoints for $20 per 100. Now, they're $40. This stuff isn't going to get any cheaper. If I buy a few thousand at $40 per 100, it'll be cheaper than buying them 10 years from now at $60+.

 

[tenring]

Saw a post a couple of years ago on the Hide that Widener's had some CCI#34 that came back from a European arsenal, and was 75 bucks a case. Called a friend and he said order him 10K, so I did same. Have yet to open the second case. And mine aren't for sale.

 

[djl02]

I hear ya,I could of sold a 6920 for 3500 (NIB). last week. Didnt feel right ,and I figured I might not be able to replace it at any price. Thing is they came to me,I never even brought it up. They shot me the price. I havent bought any thing for over a year, things must really be hard to find. Though I have seen some AR's on here for 15 to 1800. I told them to join here and get there post count up to 50 ,possibly save some money.

I tried to trade some xm193 fed for some once fired brass, there must not be any brass to be had either.

 

[shibumiseeker]

Saw a post a couple of years ago on the Hide that Widener's had some CCI#34 that came back from a European arsenal, and was 75 bucks a case. Called a friend and he said order him 10K, so I did same. Have yet to open the second case. And mine aren't for sale.

I would have maxed my CC at that price. When I first started reloading I would have thought 5k primers would last me forever, and a lb of powder the same. Then I really started shooting and now an order is only right when the hazmat weight limit is reached

 

[tenring]

When the CMP offered enbloc clips for sale in mass, I got one case. When I got them and saw how good of shape they were in, sent in an order for another one. Can't remember how many were in one box, but I separated them out, tumbled the rusty ones, then sprayed them all down with a mixture of kerosine and Mobil Synthetic, stacked in one gallon freezer bags, and filled the boxes back up, put them in the shed. Only price on them I can remember is they wound up at $0.16 per clip, to my door. Now they are going for as high as 2 bucks a pop, if you can find them. Total is in the hundreds.

 

[starbreather]

Its one thing to sell for a profit, its completely another to brag about ones greed and willingness to shaft fellow enthusiast regardless of happiness of both parties. What happened to due unto others?

 

[Bunnykid68]

Its one thing to sell for a profit, its completely another to brag about ones greed and willingness to shaft fellow enthusiast regardless of happiness of both parties. What happened to due unto others?

But in an auction they are doing it to themselves, I have seriously considered selling a case of 7.62x39 because the idiots are currently paying so much. There is no incentive for me to sell 1120 rounds for $250 but there is an incentive for what these people are willing to pay.

 

[hornadylnl]

Its one thing to sell for a profit, its completely another to brag about ones greed and willingness to shaft fellow enthusiast regardless of happiness of both parties. What happened to due unto others?

What happened to gun owners being largely conservative? I've read more Marxist garbage regarding these shortages than I ever thought I would on a gun forum.

Many posters here make me think of the people a few years back gloating about their low contracted LP and NG prices when they prices were shooting way up. And when the market prices went below their contract price, they whined about how unfair it was. Most Americans are in love with capitalism when they're the winners and fall in love with socialism when they're the losers.

 

[LEaSH]

What happened to gun owners being largely conservative? I've read more Marxist garbage regarding these shortages than I ever thought I would on a gun forum.

Many posters here make me think of the people a few years back gloating about their low contracted LP and NG prices when they prices were shooting way up. And when the market prices went below their contract price, they whined about how unfair it was. Most Americans are in love with capitalism when they're the winners and fall in love with socialism when they're the losers.

Ain't that for true!

It's a game. Nobody is going to shame me - I aint playing.

I see people that can't keep their foot out of it long enough to complain about their fuel expenses. Food? Heat? Price of mulch delivered to your door? It's all the same. What good does whining do? Does it make the whiner feel better?

Marxism is going to win one way or the other with complainers getting their way.

 

[Osobuco]

Its one thing to sell for a profit, its completely another to brag about ones greed and willingness to shaft fellow enthusiast regardless of happiness of both parties. What happened to due unto others?

WOW - When I started this thread I anticipated some of this but some of these comments are reallly unbelievable.I did not DO unto anybody. It was an auction. My start price was lower than what it has been selling for and a guy hits buy it now and suddenly I am shafting someone. - You have some serious flaws in your logical analysis. As do many others who have posted in this thread.


I had a case of ammo sitting at the bottom of my safe for 2 years and I sell it for a profit in an auction no less and all of a sudden I am a profiteer, pimp, prostituting ammo, taking advantage of others, etc, etc

Here is the proper definition for what I did if anyone cares - I sold an item I had for a time at a profit due to an extreme market fluctuation - a fluke - It is called an isolated Windfall profit. I am NOT a dealer nor do I control a supply chain so the place some of you have gone with your arguements is completely not applicable. Furthermore, what I sold was not an item that was necessary, (ie food in a famine, water in a drought), it was a bunch of ammo from my surplus stock. Selling food in a famine at an inflated price is profiteering and immoral esp if you control the supply or are a significant intermediary.

BTW - what if there are some folks who need to pay some bills at this moment and they are sitting on a bunch of 223. Say they have medical bills due to an emergency, say they recently got laid off and need to make rent. If they sell for a profit are they scum as well???

Ever consider that my posting this may let some folks who could need the cash know it can actually be worth there while to sell their stuff on GBR?

Also, why is it that when someone buys a sweet 1911 and starts a thread "bragging" about it that you all do not call them braggerts??

One of you said I was arrogant for posting this - really? In order to be arrogant you have to act superior to another - how is my OP acting superior or condescending in any way?

Seriously, I do not have the time to sit here and rebut all of your comments with logic and reason. I will say that I do find it rather sad that so many of you are willing to make derogatory comments about me without even knowing me or my motivations. I sincerely wish you all well - and I mean that - see no purple

 

[bwframe]

My my.

Some of you folks are quite touchy when your publicly POSTED actions are commented on or questioned, eh?

I thought this was a discussion forum?

 

[dubsac]

I wish the housing market was similar to the gun market right about meow. Got anymore ammo for sale