Thursday, April 16, 2009

Fear and Greed Have Sales of Guns and Ammo Shooting Up

The way Jay Chambers sees it, the semiautomatic weapons in his firearm collection might be the most promising investment in his financial portfolio.

Like many gun enthusiasts, Mr. Chambers, a manager for a door wholesaler here, believes President Barack Obama and the Democrats in Congress soon will reimpose a version of an expired federal ban on the sale of so-called assault weapons. If such a law passes, he figures his collection -- enough guns, ammo magazines and weapon parts to assemble about 30 AK-47s, AR-15s and other semiautomatic rifles -- could triple in value.

"A guy could easily make a lot of money," says Mr. Chambers, 47 years old, while at Autrey's Armory, a gun store about 20 miles south of Atlanta.

Bubba Sanders, owner of Bullseye Supply LLC, in Brandon, Miss., said he has "a number of doctor clients whose financial advisers have told them to invest in ammunition. Beats the hell out of money markets and CDs. You can double your investment in ammunition in a year."

Another perverse and potentially, very dangerous, consequence of the government not supporting output and employment!


googleheim said...

If the tax payers want to get off the hook, then they should ban gun sales which take 25000 lives per year - more than HIV and MRSA infections combined - which is a real epidemic and complete burden to local, state and fed tax systems.

The American system is set up to be supportive of the equal playing field noted from the very beginnings like Alexander de Toqueville.

The destructive Republican't and debt terrorists tax dodging ways reflect their desire for ellimination of such a supportive role.

It's ironic what Cavuoto calls "socialism" in that it is what supports the capital system and promotes the general welfare.

However, his own penchant and leaning is predicated towards a form of socialism known as fascism.

So question: when he nonchalantly jokes of these things that translate into real effects on the common person as socialism, he inextricably links himself to the opposite side of his finger wagging to that of the false nationalism like that of fascist aristocracies who do NOT support the recurring wealth cycle that is available to everyone to take part as conceived by the founding fathers of the USA.

mike norman said...

Yes, and support for a system that incentivizes paper flipping rather than productive work. (The latter leads to the creation of real assets, while the former does nothing.) This is evident in the outrage over limiting Wall Street bonuses. Why the outrage?? There shouldn't be this perverse incentive that rewards trading, which is totally non-productive. (Just shuffling the deck around. That's like paying Vegas dealers more than the hotel entrepreneurs?)