Hurley's Gold

Bump stock hearing.

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    baboon

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    Out here by the lake!
    Maybe I just missed something. . . . .

    But,

    Even after years as a Captain in the US Army Reserves, I don't see what the big deal is with full-auto or burst-fire weapons.

    I can understand not letting nutcases or terrorists have something like twin truck-mounted .50 Cal BMG's.

    But, what is the big difference between a M16 and an AR15, anyway ?

    leVieux
    A Registered Receiver M-16 is worth a bunch of money because there are so few that are transferable to civilians (same with all transferable machine guns). This makes them excellent investments under basic supply & demand.
    http://www.machinegunpriceguide.com/html/us_mg_5.html
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    baboon

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    Not considering "investment value", I think I'd just as soon have an AR15 as a M16 for personal protection. I rarely used the M16 in burst mode, anyway.
    It's like most anything else. Some guys collect bikes, cars, hookers & blow, coins, stamps. Some collect machine guns. Some of the nice people I ever met where @ a machine gun shoot.
     

    Younggun

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    If the prices were equal (which they would be for the most part if both treated the same since there isn’t much difference between an AR15 and M16) I would take the M16/M4 over an AR15.

    Not because I would need full auto everyday, but because it doesn’t hurt to have the option.


    Sent from my iPhone using Tapatalk
     

    benenglish

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    There was a flurry of activity over the last couple of days. While the modification was granted, the Supreme Court declined to hear an emergency motion. Thus, the current stay, as insane as this sounds, only protects the people named in the consolidated actions, plus that one guy in Utah.

    Besides named individuals, if you're a member of the FPC, the Madison Foundation, or Florida Carry, your bump stock is currently legal.

    If you're not one of (or a member of) the named parties, your bump stock is now an illegal machine gun and you can go to jail for 10 years.

    Yes, I know it's not going to be enforced this way but, theoretically, I could stand side by side with another bump stock owner, both of us holding our little pieces of plastic, and he could go away to prison for a decade while I have a ruling from the DC Circuit that protects me.

    That is so weird.

    Standard IANAL disclaimer applies.
     

    diesel1959

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    Not considering "investment value", I think I'd just as soon have an AR15 as a M16 for personal protection. I rarely used the M16 in burst mode, anyway.
    No offense, but your last couple of posts are not unlike Fudds saying, "what does anyone need with anything other than a double-barrel shotgun and bolt-action deer rifle?". There's not a question of need. There is a question of rights. We have the right and don't need to explain a need.

    After I left military service in 1985, I had no desire to own any full-auto weapons either; however, I definitely would never question why someone might wish to have them. Over three decades later, I actually have quite a few Title II items and am glad I decided to do so. It's not about need. It's about want.
     

    Dawico

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    A Registered Receiver M-16 is worth a bunch of money because there are so few that are transferable to civilians (same with all transferable machine guns). This makes them excellent investments under basic supply & demand.
    http://www.machinegunpriceguide.com/html/us_mg_5.html
    While I agree under current law, one change to the law and registered machine guns will be worthless or at least severely drop in value.

    I do not consider them excellent investments because of this. I do not consider anything an excellent investment where politicians have any control of the market.
     

    benenglish

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    I do not consider anything an excellent investment where politicians have any control of the market.
    Yet, that's where real profits are to be made - by identifying and exploiting market aberrations created by politicians.

    The Wall Street Journal, IIRC, had a big article about a week after the Hughes Amendment became law. The article extolled the virtues of investing in machine guns precisely because the politicians had screwed with the market, limiting supply of an item for which there would be at least steady demand.

    Be early to find where politicians are distorting a market, exploit that knowledge, and profit. That's always a formula for investment success. Long term, though, the biggest problem is knowing when the politicians are going to change the rules again and getting out before the whole thing collapses; that trips up lots of smart investors and all the greedy ones.
     

    gshayd

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    Today is the 27th and yesterday Chief Justice John Roberts stabbed you in the back. Was Yesterday a busy day at the ATF?
     

    benenglish

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    Was Yesterday a busy day at the ATF?
    I doubt it.

    Roberts had no practical impact on the case. There's no practical way for the ATF to enforce the ban as things currently stand.

    If the ban is eventually struck down, everyone who wants to use theirs in public will have just acquired it in an unrecorded face to face sale from a member of one of the named parties.

    Right? :)
     

    Shady

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    Ya 60K that was sitting in a manufactures warehouse that wanted 10X the price of the cheap ones so he ate it all over blowing them out.

    the media tries to make it seem like more than 100 people actually turned them in Nationwide ;).


    They did destroy 60,000. I’d say yes they were busy.
     

    Southpaw

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    I don't understand this at all. For months they sent out emails, "Hurry!! Buy Now!!" etc, but never once dropped their prices substantially enough IMO. How does turning in 60,000 units for $0 make sense, over say, blowing them out at -$100 and taking whatever you could get?

    I can guarantee at $75 a piece, which I'm guessing is still above cost, people would have sucked these up regardless of the upcoming law.
     

    benenglish

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    I don't understand this at all. For months they sent out emails, "Hurry!! Buy Now!!" etc, but never once dropped their prices substantially enough IMO.
    I didn't get those emails. At what price were they holding firm?
     

    roadkill

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    Even at $10 a stock that’s a $600,000 loss. Looks like they’ll have a good tax write off this year.
     

    Southpaw

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    Even at $10 a stock that’s a $600,000 loss. Looks like they’ll have a good tax write off this year.

    Sure, but at $75 a stock, that's 4.5 million. Perhaps they couldn't have sold all of them in time, but at $75 or even $50, they would have sold way more then $600,000 worth. Running a business is not in my wheel house, so perhaps I'm missing their angle, just seems strange by the numbers I see.


    I didn't get those emails. At what price were they holding firm?

    Regular sale price as far as I could tell.. The cheap one was around $180 and other models were in the mid $200's.
     
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