A different perspective on price gouging

[Progun223]

I've tried to sell stuff at a fair price lately, but I was thinking. If I bought a bunch of gold in 2003 for $390 an ounce, it would be foolish to sell it in 2013 for $390 an ounce, when it's worth $1700 an ounce. What I paid for it is irrelevant. Why is this same principle not accepted in the selling of ARs, lowers and mags? You can't justifiably judge the shrewd gold buyer for making a 400% profit, so why do we judge the shrewd gun collector who foresaw this coming and stocked up on these items? It just seems like hypocrisy. Just my 2 cents.

 

[Johnny]

Whats the ticker symbol for for Ar's and Pmags? Just joking with you.

 

[Hoov]

Hark, a voice of reason in the wilderness!

 

[Old Fart]

It's a sellers market.
Wasn't like we didn't see this coming.
Anybody who didn't prepare is kind of stuck with that result.
I might feel different if this was the first time.
Or maybe was unexpected.
But the man came right out and said he was gonno do this just a couple months ago.

 

[dcmtex]

I think you are spot on with your logic. The market bears what it will bear. I'm just glad I'm not bare in such things this go round.

 

[JB Books]

I don't think anyone should begrudge someone making a good profit, and you do give a good analogy. I think what is pissing people off is that we have some members who are trying to make a big profit here, yet they never participate in anything else.

 

[Old Fart]

I think what is pissing people off is that we have some members who are trying to make a big profit here, yet they never participate in anything else.

Yup, just here for the classifieds.

 

[KOPBET]

Not price gouging, this isn't baby formula.

Fools pay foolish prices.

 

[Biggsly]

Got this e-mail from J&G Sales yesterday.
Most of you have heard of the panic buying that has been occurring since proposed gun control legislation has been discussed daily on the news. We wanted to try to keep our customers informed of what we see going on from our end, both bad and good.

First the BAD:

1. There are extensive shortages of several key items. Products that may be banned are often no longer in stock, such as mags over 10rds for AR-15, AK-47, popular pistols, and ammo in key calibers. The urge to stock up on these items continues to be very strong and we are unsure what supply will be like in the future. Manufacturers may not be able to keep up, some stating that future supplies will be limited for quite some time, especially on AR and AK rifles and magazines.

2. Prices are going up. This is a fact of life during shortages due to increased demand and short supply. If you browse gun auction websites you will see the value of items climbing daily. Luckily most of the prices at J&G Sales have not changed and remain stable, although some items have increased, or will soon. The increased prices are due to several factors, including:

A. Suppliers who have increased our costs when we order replacement stock.

B. Suppliers no longer importing or producing certain items at all, making what is currently available no longer replaceable and increasing its value.

C. Some price increases to allow items to be available to more people over a longer period, preventing a few resellers from buying everything.

Now the GOOD:

1. Many suppliers are ramping up production to try to get product to the dealers to restock as soon as possible. We are expecting AR-15 mags to continue coming in, as well as handgun mags, and ammo. Shipments will probably be smaller than previously, as manufacturers try to spread around the supply and not ship it all to only one or two dealers. Gun production is more difficult to increase, and many manufacturers were already running close to full capacity before the rush. We do expect more domestically produced guns, although AR style rifles will probably be available only in small batches. Unfortunately, we do not expect a steady supply of AK style rifles for some time.

2. Prices seem to be stabilizing a bit, although they will continue to be extremely volatile depending on the details of new legislation, and on continued word from manufacturers regarding future availability.

In summary, we hope these times will pass and enough government representatives will remember their oaths of office and keep our freedom intact. We at J&G plan to stick it out for the long haul and continue to supply our customers into the future. We pledge to you that we will not cave to outside societal pressure and will stay loyal to you and continue selling lawful items to law abiding citizens.

We appreciate your support and loyalty and wish you all a peaceful and blessing filled 2013.
I agree Progun. I also agree with what JB is saying. I think alot of the people mad and pitching a fit are the people who waited until it was too late. I wish I would have knew to get a full auto back in the day.

 

[Cowman]

In 04-06 you could buy Glock Leo stamped mags for under 10 bucks. From CDNN. Non- Leo stamped was going for 20-22 bucks. You could buy 1000 rounds of 9mm for 75 bucks at Academy. GI 30 round mags going for 10 bucks or less. People in the know were telling us to buy then. That looked like a better investment than stocks. Can't judge if it is gouging or it is smart. Selling now may not be smart either. Who knows what replacement stock will cost. If you read much of what President Unicorn said in the past or look how he was raised. You should have seen this coming.