Undergiver
CGN Ultra frequent flyer
- Location
- Republic of Alberta
Talk about price gouging.
cheaperthandirt.com/product/MAG-074
cheaperthandirt.com/product/MAG-074
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$100 PMag
- Thread starter Undergiver
- Start date
That's not gouging - that's called supply and demand setting the price for a commodity.
It's what happens with a free market when there is a huge spike in demand and no accompanying increase in supply.
If you don't like it - go to North Korea and try to buy PMags for under $100.
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I don't know, Mark. If I was in the US right now and I saw someone selling PMags for $20, I'd max out my credit card buying all they had than go on Craiglist and advertise them for $80 myself.
I'm sure the CTD owners realized this was going on too and adjusted their business plan accordingly.
No kidding. Why sell the mags for peanuts when most of the people you sell to are just going to flip them and make a couple quick bucks? CTD did their homework, this is unfortunately what Pmags are worth these days. Who knows what tomorrow brings though...
It's all the new, last minute panic buyers bidding up the price. Folks who actually shoot know it's a rip off.
Folks who fear they won't get a chance to stock up on mags who didn't load the boat while they were cheap are the one's paying 4-5x the price.
I am a fan of the free market myself and it is perfectly reasonable for them to charge what the market will bear. Once things return to normal and supplies level off, it is also perfectly reasonable for pissed off customers to boycott them for unethical business practices and drive them into bankruptcy. Probably won't happen, though.
Mark
Cheaper than Dirt can charge $20 a pmag and wont see the crazy buying. A LOT of people are boycotting CTD after they pulled Assault Weapons from their site right after Sandy Hook, then tried to bring it back saying it was a technical glitch and then started charging 300% mark-up. If there's one thing i noticed is that US Gun Community is fierce about back-stabbing and 2nd ammendment. You get exactly ONE chance to mess up before they take you to the slaughterhouse.
+1 to this. CTD screwed themselves and they will see a steady decline in their sales. They gon and dun it.
You've either turned off your PM inbox or like talking to people that much, be prepared for the PM flood.
I bought a lot of them when Questar had them in stock. They had them in stock for almost all 2012..... So if some guys didn't bought a brunch of them when they were cheap and avalaible too bad for them.
Seriously Pmags price is unreal. I would never pay 100$ for one Pmag.
Seriously Pmags price is unreal. I would never pay 100$ for one Pmag.
I think this is going to go one of 2 ways.
1. Obama's gun grab is a fake out to turn headlines away from the fact that the US economy is in shambles and try to spur on consumer spending to try. It will succeed, but like all Keynsian ponzi schemes, the people who went out and bought $100 Pmags on credit will realize have to start selling them, until they are back to the market price before the panic - in the $20-30 range. Of course, those same people will still have racked up huge credit debt in doing so, causing a huge drag on the economy, but making the banks very happy.
2. The Obama gun grab is real and serious, meaning $1000 Pmags is entirely a possibility. The economy is still in shambles, and there's a good possibility within 5 years, lawlessness and social chaos emerge - meaning Pmags themselves will be worth their weight in gold.
Kind of a tough call to make but I think there's a few important lessons to take away from this:
When the "generally dumb public"
1. decides it wants something, for whatever reason, they can send the price of anything to unimaginably high levels.
2. does 1, you do NOT want to be buying whatever they are buying.
3. does 1, you want to be SELLING whatever they are buying, having bought long before they did.
Buyers are paying ridiculously high prices, because they fear they may not be able to get the products in the future.
Sellers are getting greedy and raising their prices knowing this.
If you know me, I talk a lot about silver - and I think neither of these conditions are true for silver, but seeing it with guns - if Pmags could be priced at and sell for $100 each, silver could easily be priced at and sold for $150/oz.
The key thing is to gauge the sentiment of the generally dumb public and do the exact opposite of what they are diong.
1. Obama's gun grab is a fake out to turn headlines away from the fact that the US economy is in shambles and try to spur on consumer spending to try. It will succeed, but like all Keynsian ponzi schemes, the people who went out and bought $100 Pmags on credit will realize have to start selling them, until they are back to the market price before the panic - in the $20-30 range. Of course, those same people will still have racked up huge credit debt in doing so, causing a huge drag on the economy, but making the banks very happy.
2. The Obama gun grab is real and serious, meaning $1000 Pmags is entirely a possibility. The economy is still in shambles, and there's a good possibility within 5 years, lawlessness and social chaos emerge - meaning Pmags themselves will be worth their weight in gold.
Kind of a tough call to make but I think there's a few important lessons to take away from this:
When the "generally dumb public"
1. decides it wants something, for whatever reason, they can send the price of anything to unimaginably high levels.
2. does 1, you do NOT want to be buying whatever they are buying.
3. does 1, you want to be SELLING whatever they are buying, having bought long before they did.
Buyers are paying ridiculously high prices, because they fear they may not be able to get the products in the future.
Sellers are getting greedy and raising their prices knowing this.
If you know me, I talk a lot about silver - and I think neither of these conditions are true for silver, but seeing it with guns - if Pmags could be priced at and sell for $100 each, silver could easily be priced at and sold for $150/oz.
The key thing is to gauge the sentiment of the generally dumb public and do the exact opposite of what they are diong.
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TV-PressPass
CGN Ultra frequent flyer
- Location
- Mountains, Alberta
Suddenly I don't feel so bad about my $40 Gen3 pmags yesterday
