TheArmedFarmer wrote: ...mentioned that a lot of people are buying ammo for guns they don't even own...
Yep, I had a guy tell me he was doing exactly that the other day. I asked him why and he said he wanted to be sure he had .380, .40, and .45 in case he ever got one of those caliber guns, plus he figured he could always resale the ammo at a higher price. He was adamant that the current administration and congress will eventually shut the firearms market down by banning ammo or taxing it out of viability.
Even though we should be concerned that their success at such an action is in the realm of possibility, I think he probably bought into the whole disolving bullet theory back in '65 as well.
I'm not sure if you need a type 06 FFL to resale ammo you bought from a retailer for a profit (I know a type 06 is required if you're reloading and selling for a profit), but it's pretty goofy to me to go hoarding ammo you may or may not want in the future even if it is legal to resale it for profit. Not the best investment when you could take all that money and spend it on a gun instead IMO.
Folks are free to spend their money however they want, and this is just something we have to live with in a free market...but a free market is still the best kind to have (although it's under serious attack at the moment). I wonder how many of those folks experiencing the current lack of supply and the high prices with us actually made it to the voting booths last year...hope they're learning their lesson.
I knew the paranoia was going to set in (see
http://www.associatedcontent.com/articl ... earms.html" onclick="window.open(this.href);return false; published 11/18/08) but I just didn't have much spare cash to stock up on ammo back then.
