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Comments on New Investment Idea: High-Capacity Magazines
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User Info New Investment Idea: High-Capacity Magazines in forum [Market-Ticker]
Madashel
Posts: 1129
Incept: 2007-09-14
Green A True American Patriot!
Gone
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Frat -

Well said. saved me all of the typing.

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I know not what others may choose but, as for me, give me liberty or give me death. - Patrick Henry
Ricka01
Posts: 1214
Incept: 2009-03-05
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Am I reading this correctly:
1. This law would make it illegal to buy or sell high cap mags, even between two people?
2. This law would make it illegal to posses high cap mags anyway?

This goes way beyond the AWB from 1994. And wouldn't that, along with no sunset, make the value of these mags go way higher than what happened during the previous AWB?

Quote:
The amendment ... S.A. 2575 would make it illegal to transfer or possess large capacity feeding devices such as gun magazines, belts, feed stripes and drums of more than 10 rounds of ammunition with the exception of .22 caliber rim fire ammunition.


Edit: Late, now i see "pre-enactment" clause mentioned by Gates

Morla
Posts: 815
Incept: 2009-11-09
Green
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I can see why people would want to ban the 100-rd drum magazines for rifles, buy why bother with handgun mags? Is it so difficult for a bad person to reload, or just carry an extra pistol or two? I don't like this >10rd cutoff because many guns, like the AK47, wouldn't even be available in their stock form (30rd if I'm not mistaken). There are plenty of people with 30rd AK47s that haven't caused any problems, and they'll be MUCH less likely to take up boating as a hobby if it's only their drum magazine you're after, rather than their whole gun.

I suppose the SKS would be a safe gun to have heading into a new ban, 10 round magazine makes it lighter, more compact, and therefore easier to keep ahold of while sitting in a boat. If the ban doesn't happen, or if pre-ban clips are legal like last time, then there are always conversion kits..

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Fear of govt IS the government.. Statism is a pack of unbacked threats; If govt gets out of control, ignore it and go about life as you see fit. Where's your crown, King Nothing?
Mannfm11
Posts: 3545
Incept: 2009-02-28
Gold
DFW, Tx
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the rest of the states would benefit if they got together and just left Washington DC to NYC and California and maybe throw in Michigan and Illinois as well, though those 2 states are merely broke and not trying to order the rest of the country around. We could then ban them.

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Seektruth
Posts: 679
Incept: 2007-09-01
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"I can see why people would want to ban the 100-rd drum magazines for rifles"

WTF are you talking about? There's no legitimate reason to arbitrarily ban a 100rd drum that doesn't also lead to banning of all magazines, and firearms for that matter.
Jstanley01
Posts: 8182
Incept: 2008-07-30
Silver A True American Patriot!
San Antonio, Texas
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Under the Klinton ban, as I recall, the drop-dead date was the date of manufacture. So new hi-cap mags were available straight through, from "inventory," although pricey. I imagine they'll "fix" that loophole this go-round.

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You can't cheat an honest man. ~P.T. Barnum

Gates
Posts: 6275
Incept: 2008-01-29
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Scottsdale
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I have one but unless you are static who wants to hump around a mag that weighs half as much as the gun (about 4.6lbs fully loaded).

Vernonb
Posts: 398
Incept: 2009-06-03
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State College, PA
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Quote:
Here's my politically-incorrect response to all of them


For me I would consider that the politically correct response. I'll see your right hand and and raise a left for good measure just to make sure there is no misunderstanding. -lol.

We went through this crap once before during the last presidential election.

"higher that a cat's a**"" are nothing but gougers in my book.

The problem with some ultra high capacity mags is that they can not fire the last few rounds. Anything more than 30 for an AR-15 becomes a pain to hold and sight properly. With a .308 20 rounds is already plenty heavy. 90+ round .223 magazines- I'd only use them from prone in an entrenched position. Of course we know that crazies just pray and spray.

All of my rifles are outfitted for distance.

I'm getting too old for this Sh*t. Hell might as invest in a tennis ball (grenade) launcher while I'm at it. <sarcasm> At least I have all that I should ever need.


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"The welfare of the people in particular has always been the alibi of tyrants, and it provides the further advantage of giving the servants of tyranny a good conscience.”
-Alber Camus (1913-1960)
Jstanley01
Posts: 8182
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Gates, "Just lie here and cover the intersection." smiley

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You can't cheat an honest man. ~P.T. Barnum
Gates
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Scottsdale
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LOL - I'll have to find one of my, eh, "less experienced" neighbors to take that assignment:-)
Jstanley01
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smiley

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You can't cheat an honest man. ~P.T. Barnum
Vernonb
Posts: 398
Incept: 2009-06-03
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State College, PA
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Quote:
I can see why people would want to ban the 100-rd drum magazines for rifles, buy why bother with handgun mags?


I take the opposite view. A 100 round mag for a small weapon is more dangerous.

Imagine a concealable pistol like the Keltec PLR-16 that uses 5.56 ammo and AR-15 mags. This could get nasty real quick at close range - that's what its for. I think they have a .308 version now.

The PLR-16 got classified as a pistol. It is more like a short barreled rifle. I have one - I know. I only keep it in the residence for SHTF defense. It breathes fire and will get your ears ringing with the first shot.

There are legitimate reasons to own high cap magazines for self-defense for any size weapon. .

Its not the higher caliber weapons that tend to be the choice of most criminals. The lowly 0.22 pistol has a distinctive career for being used in the most crimes - especially murder. This is something the gun/mag banners don't want you to know when they try to take away the higher caliber weapons.

Go and look it up if you think my facts are wrong. This is why the Brady bills were absolute crap!

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"The welfare of the people in particular has always been the alibi of tyrants, and it provides the further advantage of giving the servants of tyranny a good conscience.”
-Alber Camus (1913-1960)
Jotapay
Posts: 16732
Incept: 2008-08-26
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Austin, Tx
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Quote:
I take the opposite view. A 100 round mag for a small weapon is more dangerous.


You mean in the same way that Corvettes are more dangerous?
Mpilar
Posts: 5603
Incept: 2009-01-05
Gold
Nashville, TN
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Quote:
I think they have a .308 version now.

Noooooo! Don't say that...it's currently illegal to own AP ammo in pistol calibers...hence 5.56x45 AP ammo (M985) is illegal for civi, but is available in rifle calibers. If they build a pistol in that caliber, 7.62x51 AP ammo will suddenly become illegal as well.
Quote:
The lowly 0.22 pistol

Hmmm... smiley

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Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats. H. L. Mencken
Ftboomer1
Posts: 26
Incept: 2010-09-29

jacksonville, FL
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I don't know about this mag ban yet but last time you could still get replacement parts for damaged mags. I purchased a new mag tube, spring, follower and floor plate for one that was really damaged. It was the next best thing to having a whole new mag. :)
Vernonb
Posts: 398
Incept: 2009-06-03
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State College, PA
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Quote:
Noooooo! Don't say that...it's currently illegal to own AP ammo in pistol calibers


I won't be buying a .308 version from Vector - my poor wrist couldn't stand the shock and my common sense of the potential of burning the house down from post muzzle ignition of unburned powder. I don't think Obamacare covers sudden onset of deafness either. -lol

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"The welfare of the people in particular has always been the alibi of tyrants, and it provides the further advantage of giving the servants of tyranny a good conscience.”
-Alber Camus (1913-1960)
Lk
Posts: 13185
Incept: 2008-03-13
Gold
DC - VA
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Quote:
The amendment ... S.A. 2575 would make it illegal to transfer or possess large capacity feeding devices such as gun magazines, belts, feed stripes and drums of more than 10 rounds of ammunition with the exception of .22 caliber rim fire ammunition.
looks like I'll be developing a new cartridge that'll be a lot like 223, but rimfire instead centrfire.
Lowbeyond
Posts: 16907
Incept: 2008-02-11
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CO aka West NJ/East CA
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It goes without saying of course that the volunteers who choose to enforce such a law, should not in any way face any repercussions/consequences what so ever...

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Maybe it was a birdy bread-bomber from the future?!
Nuke_engineer
Posts: 2699
Incept: 2007-08-19
Green
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I made a bunch of money on the first ban. That funded my expenses on the sport for 5 years and I still have unsold inventory.

I just bought 200 new cherry, still in the box/package and sealed HC mags (mostly 30 and 50 rounds) for AR-15's and another 25 Sig P226/229 15 rd mags. Looking for 25 round AR-10 308 magazines now.

Don't forget the ban also affects pistols like Sig, Colt, Glock, etc. with magazines that have more than 10 rounds.

Need to buy four or more 100 rd mags. Those will go for a lot if the ban goes through.

Don't forget folks, that buying any AR or AK rifles will become an expensive proposition shortly. Buy and keep in the box, well greased and never shot. They'll be a better investment than anything in the market in a few months.

The investment always goes up, even more reliably than gold, regardless of whether Obummer or Mittens gets elected.

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Trading and investing is understanding about people, emotions and corruption of government, corporations, banks and people using propaganda, lies, mathematics and bankster logic working against you.

Nanna
Posts: 5662
Incept: 2008-01-20
Gold
NY State
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What I call the "doomer portfolio" (guns, ammo, food/agriculture, water, gold, Treasuries) has performed rather well past couple few years :)

I'm figuring out the "civil war/disturbance portfolio" now LOL.

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"There are fluctuations in the market that don't mean anything."Ira Gluskin, February 14, 2012
Nuke_engineer
Posts: 2699
Incept: 2007-08-19
Green
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Quote:
The lowly 0.22 pistol


There was a recent article in the NRA Rifleman magazine about a .22 LR variant of the famed Russian PPsh41 with a 100 round drum.

Interesting they didn't specify the 22 rimfire types like WMR, WRF and Hyper-Velocity. They aren't like a .223, but inside a theater they'd be close to if not as lethal and they'd be a lot more fired.

Pretty soon the only things for sale will be the design drawings for 3D printers for your own ordnance!

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Trading and investing is understanding about people, emotions and corruption of government, corporations, banks and people using propaganda, lies, mathematics and bankster logic working against you.
Avianphlu
Posts: 3954
Incept: 2008-12-03
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Ulster NY
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not investment advice ;)
Avianphlu
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Ulster NY
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Reason: .
Nuke_engineer
Posts: 2699
Incept: 2007-08-19
Green
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The Marine snipers in Afghanistan have been testing some experimental caseless ammunition, so the term rimfire versus centerfire may be a thing of the past anyway....

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Trading and investing is understanding about people, emotions and corruption of government, corporations, banks and people using propaganda, lies, mathematics and bankster logic working against you.
Clintb350
Posts: 1454
Incept: 2008-01-19

Southern AZ
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Bought a Colt CAR-15 right before the 1994 ban for $1,300 and sold it for $2,200 a few years later. Unfired, new in Colt box.
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