There was an article floating around a couple of weeks ago that was a "State of the Union" for the firearm industry. The article stated that bullet mfg's were making about a billion bullets a week! With almost all ramping up to round the clock production. The problem being that John Q. Public is third in line behind the military, and law enforcement. They said it would be 9 months before inventories retuned to pre-panic levels.
As far as firearms go, the price is already coming back down (for private sales) and demand is easing. I bought a Ruger 10-22 for my daughter at Wally World last Friday night ($190.00). Picked it up after work. The "buy & flip" guys in front of all the Academy stores are making less and less everyday, as I've seen AR prices drop about a grand already online. If those folks would do the math, I'm pretty sure their time investment isn't worth the monetary reward of buying for the price of $1,100 and selling for $13-1,600.00. I'm not gonna wait out in front of Academy from 2/8am to make $400 bucks, because my time (and sleep) is more valuable than that.
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- by Wodathunkit
- Sun Feb 17, 2013 8:32 am
- Forum: General Gun, Shooting & Equipment Discussion
- Topic: PRICE GOUGING Concerning Arms and Munitions
- Replies: 101
- Views: 14071
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