User Panel
No, but it CAN be blamed on there being less of it on the market. There are also these little things called armies and governments placing orders for billions of rounds. Something about wars going on.
That there's a bigger market for rifle ammo, and less available production as a ratio?
I'm sure 83 million gun owners will all agree to that astounding brilliance.
Intangible assets and pop culture?
After all, who needs to practice?
www.kitcometals.com/, yes, it is. Any more theories?
Are you trying to convince yourself? Because you're not convincing me. |
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You want to make bullets out of GOLD now? I know ammo is up a tick or two, but DAMN! |
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Explain why ammo manufactured 1-5 or more years ago is up in price.
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Nice job. Thank you for all the work you put into it. Gas and Ammo are both in heavy demand in the global market.
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If you shoot a round today purchased 5 years ago, you replace it at today's price, whether it was made 5 years ago or yesterday. There is virtually no difference in quality so both command the same price. |
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No, the dollar is very low right now. From 1792 until 1933, Twenty dollars was .9675 ounces of pure gold plus one part in ten of copper for durability. Today, twenty dollars is worth about 0.0325 ounces of gold. |
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For those interested in further research, refer to The Coinage Act of 1792 (The Mint Act) (section 9 defines the dollar, etc.,.).
There is no mention of paper Federal Reserve Notes circulating as the currency – only silver and gold coins are declared acceptable as legal tender. |
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Paje-Whilst not directly repealed, the law establishing Gold, Silver and Platinum Eagles as legal tender coins arguably supercedes this 1792 law. One ounce of .999 fine silver equals a dollar. There are fifty dollars in one ounce of .999 fine gold and one hundred dollars in one ounce of .999 fine platinum.
Ron Paul's latest:
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botm
The Constitution precedes all other legislative acts and can not be superseded absent the amendment process.
That being said, when the U.S. Supreme Court overturned Hepburn v. Griswold in Knox v. Lee they laid the foundation for "implied power" interpretations. A disgrace, to which, in a separate dissenting opinion, Justice Stephen J. Field pointed out the obvious: The power “to coin money” is, in my judgment, inconsistent with and repugnant to the existence of a power to make anything but coin a legal tender. To coin money is to mould metallic substances having intrinsic value into certain forms convenient for commerce, and to impress them with the stamp of the government indicating their value. Coins are pieces of metal, of definite weight and value, thus stamped by national authority. Such is the natural import of the terms “to coin money” and “coin;” . . .. ... The power to coin money is, therefore, a power to fabricate coins out of metal as money, and thus make them a legal tender for their declared values as indicated by their stamp. If this be the true import and meaning of the language used, it is difficult to see how Congress can make the paper of the government a legal tender. Field placed the constitutional issue in a historical context: The statesmen who framed the Constitution understood this principle as well as it is understood in our day. They had seen in the experience of the Revolutionary period the demoralizing tendency, the cruel injustice, and the intolerable oppression of a paper currency not convertible on demand into money, and forced into circulation by legal tender provisions and penal enactments. I think we're witnessing the ramifications of this folly. But I digress... |
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I understand what you are saying about legal tender laws; however, these statutes arguably change the 1792 Act by making one ounce .999 silver a dollar, one ounce .999 fine gold fifty dollars and one ounce .999 fine platinum one hundred dollars.
You might find this helpful: The Federal War on Gold. |
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Great thread! Thanks.
Am I the only one who thinks that raising the minimum wage is simply accelerating the decline of the value of the US dollar? Obviously, everything will cost more, thereby creating demand for a subsequent rise in the minimum wage, and making US made goods (not many left) even less competitive on the world market. All it does is make poor working folks feel good temporarily until the price of everything goes up. (Folks on fixed income take a hit.) I would like to see the Republicans pre-empt the Democrats and propose a $50 minimum wage. A Big Mac would suddenly cost folks $20. It would illustrate the stupidity and futility of the minimum wage concept. All it does is feed inflation. |
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Great data. The value of the dollar is declining. With no end in sight for deficit spending by our elected representative official I say the average Joe is getting screwed. BUY GUNS Gold won't kill the zombies although silver might work on werewolves so.....
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botm
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Fixed it for ya'. Guns don't kill zombies; ammo kills zombies! |
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Thanx Well shoot buy both |
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I would think at some point during SHTF that ammo would be worth more than gold. |
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Probably true. However, after SHTF (it will end and we shall overcome), your federal reserve notes will only be good for toilet paper. |
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Price controls only lead to SHORTAGES. Today, there is really no shortage of ammo if you have money. With price controls, there is soon no product no matter how much money you have. |
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the big three control ammo prices (Rem, Win Fed) nobody else. it could go up for a variety of reasons (raw materials, contracts, shortages).
If their new ammo is worth $300, then the second tier companies (by power not quality-IMI, FNM, S&B, Fiocchi, Privi, Black Hills) base their price say $280, then importers price their surplus (say RG, Guat, Adcom, Malaysian) @$250. The only way to change prices of imports and the 2nd tier (non big three), is for the big three to lower their prices. If the big guys don't change their price, nobody else will either. Ammo markup for manufacturers has always been very low due to competition, but in the currant situation XYZ company can sell as much as they want at whatever price they want, because thats the market. IT HAS NOTHING TO DO WITH DEALERS, AND HOARDING, the price of ammo is high because of the big three say it is. |
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btt
xm193 & q3131 100% out of stock eta quote ~>
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I disagree, the entire problem and reason for all the inflation is the caused by the illegal Fed created in 1913 and the out of control fractional reserve banking that has been going on for almost 100 years. Do you understand that every single cash dollar in circulation and in peoples checking accounts is owed to some bank? That is NOT the way our money system is supposed to work. Its completely unconstitutional.
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Let me ask you this...If you were an entity sitting on a million rounds of surplus ammo that was made for 2 cents a round 30 years ago, and you see equivalent ammo selling for 30 cents a round. Are you going to be selling it for 2 cents a round, or 30 cents a round? I can't understand why it's so hard for people to understand that concept. |
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Neither, I'd sell it for .24 cents a round, undercut the new ammo prices and clean up! |
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I appreciate the thought behind this idea, but I'd ask how one could exploit this to make a profit in real life? Due to their relatively low starting value vs. their size and weight, you would have to buy a LOT of nickel coins to make this worthwhile. Once you've done so, are you (or the original writer) suggesting the coins be held as one would hold gold coins, as a precious metal investment? Again, how would you ever convert the five-cent piece into 9 cents or whatever its value was at the time you wanted to convert? |
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So after reading this is the statement "We're Fucked" appropriate.
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I add these quotes occasionally as examples of many analysts who are noting how messed the economy truly is. Not so much for advice. Whether this 80% 'immediate' profit technique is worthwhile is, of course, a personal decision. I think the profit conversion (without melting) would have to wait for revaluation sometime after the coins are re-issued in aluminum or some other cheaper base metal. Look at the pre-1965 silver coins for historical precedent. Regards, Paje |
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Gold is used in electronics and other industrial process so there is a valuable use. |
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I would do it any time but, every time I check all I see is "OUT OF STOCK". Like today, only one vendor on one line of ammo has it in stock. No data makes for one boring chart! (& doing charts on published pricing for those out of stock skews the data as some have very old pricing and haven't actually stocked the ammo in ages). |
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Witness the onset of FIAT currency... |
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