Is the panic over?

[BigBlue]

That's your opinion. I'd rather have the ammo than the money. Money is just a tool, just like ammo is, and for me, money is much easier to come by than ammo is. I STILL have 5,250 rounds of .22LR on back-order since January 2013. Hell, I can buy gold and silver easier than ammo these days.

Maybe a few hundred or thousand more dollars in your pocket will make a huge difference in your life, but it won't in mine.

You sure they didn't cancel your backorder for those .22 some time ago? I think you may be waiting on something that is never coming.

[XDM45]

That's your opinion. I'd rather have the ammo than the money. Money is just a tool, just like ammo is, and for me, money is much easier to come by than ammo is. I STILL have 5,250 rounds of .22LR on back-order since January 2013. Hell, I can buy gold and silver easier than ammo these days.

Maybe a few hundred or thousand more dollars in your pocket will make a huge difference in your life, but it won't in mine.

You sure they didn't cancel your backorder for those .22 some time ago? I think you may be waiting on something that is never coming.

Around the 25th of each month I get an email telling me that they should have the ammo in stock around the 25th of the following month, but alas....so far only emails have come....and none have mentioned any kind of cancellation.

[Imsohungry]

If you hoarded any kind of ammo and lose money when "panic buy season" is over then I feel no sympathy for you whatsoever.

[tenmilmag]

Kinda like... If you're not prepared, it's your own fault.

[grousemaster]

It's all coming back. If you sold your excess on gunbroker for big $$$ two or three months ago, you did the right thing and can buy double what you had if you're patient and shop around now. If you're like XDM45 and sat on 25,000 rounds of .22lr through the panic you made a poor financial decision. Whether you "needed" the money or not

What did he pay for his 22LR? Will he be able to replace it for that? If not sounds like he made a wise decision unless he's in the retail business. More to it than an over simplification. Every time you buy you pay taxes and spend time and gas. If your time is valuable it makes sense to sit. If you are desperate for cash then selling high is great, just realize it will take longer for the prices to come down than they went up and they may never reach pre-panic levels.

One needs to be "desperate for cash" to sell high? Interesting theory.....I say one needs to have a working brain and a pulse to sell high.

.22 ammo was selling for more than $100 per brick of bulk ammo. Yes it will be replaceable at a lower price than that, obviously. Unless the money is useless to him, it was a poor decision, not a wise one. Since he posted a thread about needing to find a new job, I assumed he could use the money.

It will not take longer for prices to come down, they already have come WAY down. I've bought bricks for just over $20, several times over the past couple of months. Show me a man who claims he can't make use of, or doesn't need several thousand dollars, and I'll show you a liar, or someone worth a boat load of cash. I didn't need the money either but deemed it foolish to pass it up. So sold the thousands of .22rds I had and made lot's of money.....I bought new guns with that money and did some home upgrades. Now I have replaced most of that ammo at pre-panic prices.

Even if I didn't need $100, I'd still bend over and pick a Benjamin up off the ground.

taxes and gas aren't an issue for XDM45, he orders online.

[grousemaster]

It's all coming back. If you sold your excess on gunbroker for big $$$ two or three months ago, you did the right thing and can buy double what you had if you're patient and shop around now. If you're like XDM45 and sat on 25,000 rounds of .22lr through the panic you made a poor financial decision. Whether you "needed" the money or not

That's your opinion. I'd rather have the ammo than the money. Money is just a tool, just like ammo is, and for me, money is much easier to come by than ammo is. I STILL have 5,250 rounds of .22LR on back-order since January 2013. Hell, I can buy gold and silver easier than ammo these days.

Maybe a few hundred or thousand more dollars in your pocket will make a huge difference in your life, but it won't in mine.

Yea, and you could have used your tools to multiply your tools resulting in quadrupling your ammo stock (tools) without spending any additional money. It's not about making a "huge difference" in my life, it's about common sense and easy money.

Same thing with people that sat on thousands of 5.56 rounds during the panic. You could have got $1.00 per round, and replaced it all by now less than half that price. No brainer unless you don't like money.

If you really thought you would never be able to replace it at reasonable prices, then you foolishly assumed the GOP was going to pass gun control through the house of reps, which obviously they would not.

[Nougat]

there are still a few folks that don't see easy money as honest? sure what little difference each persons individual actions don't matter and it probably won't put a dent in 'GREED' but it doesn't make people stupid not to do something 'easy' they don't feel 'good' about.

[grousemaster]

there are still a few folks that don't see easy money as honest? sure what little difference each persons individual actions don't matter and it probably won't put a dent in 'GREED' but it doesn't make people stupid not to do something 'easy' they don't feel 'good' about.

Auctioning off ammo on Gunbroker can be considered dishonest? That's an interesting point of view. I don't see it as anything different than selling anything else that is in high demand, thus fetching high prices. To each their own...but I certainly never said, or insinuated that ANYONE was stupid. I bought my current house cheap to, at the bottom of the bubble...and plan on selling high....is that dishonest? Taking advantage of people?

I was planning to do the same with all my beanie babies and baseball cards, but I think the market for them is pretty cold right now

[Back In Black]

Apparently the buy low, sell high investment strategy applies to everything except guns and ammo.

[Nougat]

not me ? just saying some people might of felt that taking advantage of people who were panicked with fear wasn't cool? maybe they could also interpret it as profiting from the tragedies-I'm pretty sure that theres at least one person out there. Not saying you guys are 'evil' or anything_now those 'prepper' (propaganda?) ads saying you need these some odd number of items for when crisis hits (like you'll be allowed the option to take care of yourself) those are different_those are straight feeding on fear.

[grousemaster]

not me ? just saying some people might of felt that taking advantage of people who were panicked with fear wasn't cool? maybe they could also interpret it as profiting from the tragedies-I'm pretty sure that theres at least one person out there. Not saying you guys are 'evil' or anything_now those 'prepper' (propaganda?) ads saying you need these some odd number of items for when crisis hits (like you'll be allowed the option to take care of yourself) those are different_those are straight feeding on fear.

Agreed, I get all the propaganda emails.....lot's of fear mongering out there.

[Heffay]

Hehe, my local ammo store is selling this:

[XDM45]

grousemaster,

We'll have to agree to disagree.

1) Yup. I was looking for work, but now am not. When I was looking for work, I was mainly concerned over benefits and healthcare, not money. I could live my current lifestyle quite a few years without working, but I prefer not to because of my past and current health issues, there's no way I could get decent insurance (or insurance at all) for an individual. Of course I also wanted more income, but that wasn't the main motivator.

2) You say it's foolish to not sell when you have the opportunity to make money, fine. I can see both sides of that coin for and against it. The fact is, can I go out right now and buy any substantial (5,000+ rounds or more) of .22LR at 0.04 a round right now today this very moment and not only order it, but receive it in a timely manner and not have it on back order for 6 months like I current have for 5,250 rounds of .22LR? I don't think so. If you can show me otherwise, please do and I'll place an order for 10,000-25,000 rounds today.

3) It's not your money. It's not your ammo. If you didn't have a big stash to choose to either use, keep or sell off, well, that's a bummer. Maybe you will next time, maybe not. You probably would have told me to sell off all of my Apple stock back in the 1990s vs. buying more. The fact is that I seem to be ok managing my money. See #1 then re-read #3 and consider #2.

[jonahk]

I went from having zero rounds of .223/5.56 two weeks ago, to having a little more than 700 rounds all at around $0.50/rd either shipped or picked up from local shops (Scheels, Arnzen). Accidentally came across some .22 last week as well so I can actually shoot the 10/22 I bought in December and haven't so much as chambered a round in yet.

Even 1000rd cases of 9mm are starting to show up for <$0.30/rd again.

Although for me, when SGAmmo.com has 1000 round cases of S&B 115gr for $225 shipped, that's when I'll feel the panic is over...

[grousemaster]

I went from having zero rounds of .223/5.56 two weeks ago, to having a little more than 700 rounds all at around $0.50/rd either shipped or picked up from local shops (Scheels, Arnzen). Accidentally came across some .22 last week as well so I can actually shoot the 10/22 I bought in December and haven't so much as chambered a round in yet.

Even 1000rd cases of 9mm are starting to show up for <$0.30/rd again.

Although for me, when SGAmmo.com has 1000 round cases of S&B 115gr for $225 shipped, that's when I'll feel the panic is over...

Yea, I saw the 1000rd bulk pack 9mm at Fleet Farm last week.....the way it was priced worked out to $11 a boz or so....still not great. $.50 for blaster ammo is too much for .223 IMO. Hoping it gets back down to $.35/rd soon....although I've been paying $.50/rd too this year. Cabela's has had plenty of .22 mini mags in stock the last two times I stopped in as well as 9mm, 5.56, etc. Limit on .22 is one box per person though