some would call it "price gouging"...

Discussion in 'The Club House' started by hawkguy, Jan 13, 2013.

  1. hawkguy

    hawkguy Well-Known Member

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    ...others might call it "investments." :p

    seriously, why are some so openly hostile when others are asking prices on firearms "that the market will bear?"

    example....if i bought gold at "X" cheap price when the market was down, and then sold it it at "X" high price when the market is up.....is this "price gouging?" how about those that turn a profit this way with real estate? stocks anyone?

    i have some high cap mags i will soon try to dump at a stupidly high price so i can fund other projects. if someone is willing to pay...why would i be the bad guy? to judge this process as price gouging almost seems like calling capitalism "price gouging." this is simply turning a profit by taking advantage of a booming market imo. if you don't like it, don't buy while business is booming.

    just my opinion of course, let me hear yours.
     
    Last edited: Jan 13, 2013
  2. Mosin

    Mosin Well-Known Member

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    Here's how I see it.

    You can do whatever you want. It's your property, I fully agree. Sell it for $10,000 a mag if you can get it.
    I don't know you.

    But a company is like, "Hey...I'm here for you..we're in this together. Well fight for our second amendment together, since it affects us all. We all have a dog in this fight."

    Then times get rough and the company says "Okay, pay me $60 bucks a mag...for no reason other than, that's what I can get right now."

    Are they right? I don't know, I guess so. They can charge whatever they want, but it feels like being stabbed in the back.

    They will NOT get my business in the future.
     

  3. sputnik1988

    sputnik1988 Active Member

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    If someone is dumb enough to pay triple that's their business... And when the market levels out and is flooded with 50 Million black rifles, all these guys will lose big. I'll buy a couple then for about $500 each.:rolleyes:

    With that being said, I don't think you are the bad guy, I get ticked off at the prices, but the buyer determines those, not the seller.

    Now this is speaking of the private sales, when a company triples their prices overnight, it's inexcusable. I understand that distributors prices rise too, but not the next day, not at that level anyway.
     
    Last edited: Jan 13, 2013
  4. Ultimate_sig

    Ultimate_sig New Member

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    I know what ya mean and i did find "dirt" cheaper somewhere else
     
  5. hawkguy

    hawkguy Well-Known Member

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    i see your point. it makes more sense to keep a customer happy for a lifetime vs sticking it to him to get a few extra bucks now.....but, sadly....very few companies see the logic in this.

    but i still think if people are paying these prices, it is what the market will bear. if they won't pay, prices come down....
     
    Last edited: Jan 13, 2013
  6. Vikingdad

    Vikingdad New Member

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    I'm selling off surplus ammo right now and getting market prices for it. Those prices are wel and above what I would even think of paying to anyone, but I am not buying right now. If prices come down in a few weeks or months, I may re-invest in some more ammo for the next run on it.

    I totally agree with you though, it is frustrating. I would like to get some powder right now, but the prices are too elevated to justify it. I just pray that they don't stay this high for long, as I will eventually run out of what I do have in stock. It is the law of supply and demand more so than what the market will bear. Unfortunately there are people out there who are willing to pay the exorbitant prices so there you go.
     
  7. Doc3402

    Doc3402 New Member

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    In my opinion there is a lot of price gouging going on right now. So how do I define price gouging? Let me tell you how we see it here in Florida. If gas is normally $3.00 a gallon, and a hurricane is coming, having the gas stations along the evacuation route raise their prices to $5.00 a gallon is price gouging. After the electricity goes off charging $5.00 for a $1.00 bag of ice is price gouging. Following that logic, selling a $30 magazine for $75 because the demand is there is price gouging.
     
  8. John_Deer

    John_Deer New Member

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    I have a good stash of ammo. People want to buy 22 ammo in this area. I have been selling CCI mini mags $10 for 100 rounds. One guy said I was price gouging. I replied "you don't have to buy the ammo." I am making a 20% profit on the ammo. The LGS is charging $35 for 500 rounds of CCI Blazer 22 ammo. He can go there next time he needs ammo.
     
  9. lopequa

    lopequa New Member

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    I agree cheaper than dirt is messed up for charging more than double for ammo.
    It 's price gouging if only a few people are doing it. Not everyone has been taking advantage of people. I found a company that didn't raise there prices at at all. So if your taking advantage, then it's price gouging in my opinion.
     
  10. danf_fl

    danf_fl Retired Supporter

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    Care should be taken in selling ammo. I would suggest that you check the federal and state laws. And don't forget about sales tax and zoning.
     
  11. Vikingdad

    Vikingdad New Member

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    As long as you aren't manufacturing the ammo yourself I am not aware of any ammo sales restrictions here in CA. Are there places that do currently have restrictions?

    Oh, and yeah, make sure that you pay the sales tax and report the sale on your returns.:rolleyes:
     
  12. NitroxAZ

    NitroxAZ New Member

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    I am in agreement with hawkguy. I don't consider it price gouging on something that is not a life necessity. The things you mention in the quote above are in an extreme situation and at that time are for sustaining life. Big difference IMHO. I don't have a problem with anyone including retailers charging what they can get for a product. On the retailer side of it, I see it as short sighted. They can do as they please but consumers know when they are being taken advantage of, or at least I do. There are certain gun related retailers that I refuse to do business with because they took advantage the first time BHO was elected. These same retailers have had some smoking deals when the prices leveled back off but I did not do business with them because of their previous decision to take advantage of the people that keep them in business.

    The private seller is a different matter to me. As a private seller, you should get what the market will bear. You have no obligation to a consistent consumer base that has kept you in business. If I had been smarter and dome some long term thinking I would have bought this stuff when prices were good and waited until a time like now to sell at a ridiculous profit. I have found that after talking to a good majority of the people complaining about prices, these are the people who did nothing to prepare and are now running around like chickens with their heads cut off paying through the nose for their lack of foresight.

    Let's be honest here. Every time the liberals get majorities they want to take away guns. Simple, easy enough to follow. I personally don't think they will be able to get anything passed and this will fade over the next year. If that happens, I will take advantage of the smoking deals on lowers and high capacity mags. These items can be had at decent prices when the panic subsides and sold easily for what you paid for them in non panic times and for great profit when panic sets in. Make no mistake, if they are not able to pass anything now, this will be an issue in the future. Do yourself a favor and prepare. If you have what you need for yourself and immediate family, prepare to make money. If you need to prepare for yourself and immediate family, do so when times are right. Take personal responsibility and prepare rather than blame others for your short sightedness.

    PREPERATION - I have said this before and it bears repeating. Take a look at our current financial situation in this country. Do you honestly think the politicians on either side are going to quit spending our money until things crash and they have no choice but to put austerity measures in place only because they have to. I personally don't. When that time comes and it will come, what have you done to prepare for that? I am no tin foil hat guy but the writing is on the wall and if you don't see it, that is because you don't want to. You want to stay safe in you comfort bubble. I suggest you do some modest preparation for you and your immediate family. Beans, rice and 25 year shelf life foods can be bought at reasonable prices right now and stored easily. Right now the panic is about guns. What happens when it is a life necessity like food. Don't be that guy who is empty handed when that time comes. Prepare for yourself and immediate family. Don't tell others what you are doing so as not to become a target when times get rough. Personal responsibility now when it makes sense or have it forced on you when hunger sets in. Worst case if we pull out of our financial crisis, that stuff can be donated to the needy and everybody wins.
     
  13. Chainfire

    Chainfire Well-Known Member Supporter

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    There is a difference in making a fair profit and gouging. Most retailers base their prices on what it cost them to replace their invenories. Fair enough. When you double your prices on stuff in stock, that is gouging. For those of us who buy gun and ammo and related items, we need to write down the businesses that have been involved in gouging. Right now it is a seller's market, later it will become a buyer's market. That will be the time to tell the sellers, "remember your practices at the first of the year?", well, I am buying elsewhere; have a nice day.
     
  14. nitestalker

    nitestalker New Member

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    We were at a gun show yesterday and will be today. I think there were as many Walk in selling guns as dealers. Most of the AR-15 being offered for sales were results of these AR-15 Kitchen Builds.
    I have never seen so many screwed up firearms in my life. We bought several of these so called builds. We are stripping them and reselling them as parts. One rifle had a mix of illegal parts. :confused:
     
  15. rhyno13

    rhyno13 New Member

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    Lets take this as a for instance. I am sitting on 3 AR's that I bought strictly because I gambled on the assault weapon ban coming back into existence. I paid about $500 each for them and I would sell them today for $1700-$2500 each. Would I be considered a price gouger, or an investor? It's a sellers market, make what you can, while you can.
     
  16. Squawk

    Squawk New Member

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    I recently sold a DPMS BCG and a M&P complete lower for $600. Total cost for me was about $400. If you can get people to pay, it's not gouging.
     
  17. bobski

    bobski Well-Known Member Sponsor

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    just remember, the same people with high prices scalping you now, will be begging you to feel sorry for them when it passes. then its your turn to let them know how you felt. dont buy anything.
    ying/yang.
     
  18. Mosin

    Mosin Well-Known Member

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    No, you're fine. By beef is by businesses. And to add, here's why. A lot of businesses have inside deals with manufacturers. Some manufactureres are only selling to authorized dealers right now.
    Plus businesses have more money than the average gun owner. Who cares if you have 20-30 mags you want to sell.

    Now a business goes right to the manufacturer, orders 1000 mags, at wholesale, or reduced cost. They dry up the supply, and sell for $60 bucks each?

    I mean, there ARE price gouging laws on the books....
     
  19. Mosin

    Mosin Well-Known Member

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  20. bobski

    bobski Well-Known Member Sponsor

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    gouging laws are for things like emergency situations, not buying novelty or recreational items like guns.(toys)
    when someone charges 250.00 a sheet for plywood for hurricane victims, trying to comply with insurance rules or damaged property, thats what the law is intended for.

    the way i view this hype over guns being banned, i tend to side with dealers....if the guys buying it are stupid enough to buy it, let them. let the market ride.
    why?
    because its everywhere, not just near one area.
    everyones going crazy.

    and as its said, a fool and his money shall soon part.
     
    Last edited: Jan 13, 2013