I guess I have Obama to thank for the $700 profit I just made on the sale of my AK-47.
No joke...I picked up this WASR 10/63 Romanian semi-automatic AK rifle a couple of years ago as part of a trade for another gun. I wound up buying a couple extra 30 round mags for it, as well as a 1000 round case of ammo. All told I was probably into the gun/mags/ammo for around $600 or so. Anyway, I have been watching the prices on these guns go thru the roof due to the post-Newton panic buying, so I advertised mine in the classifieds of a local online forum for gun collectors that I am a member of. I sold it last night for
$1300 cash, and I even kept half of the ammo! A month ago you could buy these things by the dozen for around $450 or so at any number of dealers or gun shops, but now they are all sold out and back ordered and the prices are just ridiculous. Part of me wants to just hold on to the $$ and wait until the panic is over and the prices drop back to normal so I can buy
two of them, but the
other part of me is ready to spend it
now on a really nice stainless Ruger Mini 30 that I have had my eye on for awhile. I think instant gratification is going to win this time.....