Midway bullet price increase??

[MattPeetz]

First, nobody said anything about hating capitalism. Second, raising prices will do absolutely nothing to curb the buying and reselling.

Really? You don’t think raising prices will curb it??
lol. I have 1000 primers I will sell to you for $1000.
Let me know how you are gonna pay.

 

[Buzz]

Really? You don’t think raising prices will curb it??
lol. I have 1000 primers I will sell to you for $1000.
Let me know how you are gonna pay.

Curb it beyond this week or next? Absolutely not.

 

[MattPeetz]

Curb it beyond this week or next? Absolutely not.

No where was it mentioned on how long but the fact is, raising prices will end the madness plain and simple.

 

[Buzz]

No where was it mentioned on how long but the fact is, raising prices will end the madness plain and simple.

I’m not going to get into an argument over which words in the English language are references to time. You seem to think you have it all figured out and apparently have an economic theory that contradicts common knowledge of markets, so please explain how exactly vendor price increases will “end the madness.”

 

[dgeesaman]

It sucks but it keeps people from padding their stockpile "just because". So it might help in the long run.

Many of these suppliers are stuck in feast/famine mode. They spent the last four years living lean and now they’ll cash in.

What I don’t understand is how the price increases seem to track way, way above material and labor inflation.

 

[MattPeetz]

I’m not going to get into an argument over which words in the English language are references to time. You seem to think you have it all figured out and apparently have an economic theory that contradicts common knowledge of markets, so please explain how exactly vendor price increases will “end the madness.”

It’s pretty easy. I said I have primers for $1000 and you aren’t buying them. I have powder for $500 a lb. You won’t buy it.
So yes, it does curb it. As was stated. If the vendors find the right price point where the scalpers and hoarders quit buying,it will get better.

 

[Albany Mountain]

Had some bullets backordered (500) at Midway `-and got the notice today and bought @ 161.09. any additional are 234.99.

 

[HuntClub]

Well, if wages are going to $15 hr, and gas keeps rising - currently up 40 cents per gallon for me, then one should expect higher prices just on those two things alone. And I don't know what manufacturing fees/taxes/insurance insurance costs have done. None of us like price increase but it is the nature of the beast.

btw, because i must, i will be buying some of those higher priced bullets, powder, primers too...

 

[Jdne5b]

First, nobody said anything about hating capitalism. Second, raising prices will do absolutely nothing to curb the buying and reselling.

Raising prices in times of high demand is a fundamental aspect of capitalism. Raising prices may well bring more selling, and supply to the market. Which would eventually bring prices down.

Right now primers may not have a very high elasticity, but they aren't price inelastic. I gurantee you at some point primer demand would fall at higher prices. That price may very well be $1000 instead of $200 as Matt just pointed out.

Arbitrage opportunity is a quality of an ineficient market. And is not a good thing.

 

[FNSafari]

Noticed same thing at midsouth on Berger match bullets vs price from McGee competitions. Not just a little difference, about 25% higher. Wonder why such a large difference?

I tried mid south yesterday on a box of Lapua 223. They wanted over 18$ to usps priority ship ONE lousy box. I deleted the item from my cart and moved on. Regarding rising prices, if these retailers can't get a wide spectrum of normal stock, I guess they will raise the prices on what the do get in to sell in order to survive. Sucks.

 

[Dub]

I tried mid south yesterday on a box of Lapua 223. They wanted over 18$ to usps priority ship ONE lousy box. I deleted the item from my cart and moved on.

I would contact them. Bet that isn’t right

 

[Buzz]

It’s pretty easy. I said I have primers for $1000 and you aren’t buying them. I have powder for $500 a lb. You won’t buy it.
So yes, it does curb it. As was stated. If the vendors find the right price point where the scalpers and hoarders quit buying,it will get better.

Raising prices in times of high demand is a fundamental aspect of capitalism. Raising prices may well bring more selling, and supply to the market. Which would eventually bring prices down.

Right now primers may not have a very high elasticity, but they aren't price inelastic. I gurantee you at some point primer demand would fall at higher prices. That price may very well be $1000 instead of $200 as Matt just pointed out.

Arbitrage opportunity is a quality of an ineficient market. And is not a good thing.

Buyers dictate market price in an open market, not the other way around. The market will find an equilibrium based on the current supply and the current demand curve. Nobody will buy your primers for $1k or powder for $500 because they’re above the current market price. The only thing that curbs is you selling powder and primers. It has nothing to do with market price and certainly doesn’t represent an “end to the madness” as you stated.

Whether it’s $200 from a retailer or $200 in the gray market, enough people are willing to pay $200 to consume the current supply, so the price is $200. Until the demand curve shifts favorably or supply increases, those prices aren’t coming down. Price fixing, which is not only illegal, but illegal because it distorts the market unfavorably for consumers, is not a solution.

 

[1K6BRA]

Just think of what it might be if the Dems decide to slap a excise tax on it. Glad I cut, split and stacked my firewood before winter and bailed and stored my hay in the summer.

 

[LarryDScott]

For the ones who think they HAVE TO shoot something every week
regardless of the cost, get that needle out of your arm. I promise, you will not die or go into DTs. When you quit buying from scalpers the price will decrease as the quantity on shelves increases. Buy yourself something nice w/all the money you saved. LDS

 

[Old Navy]

Don't say the word GOUGING on here.
The Boss will get you even if it's true at Midway.
Got some BR4's $41.19 at Sportsman Warehouse last week.
Not at Larry's Midway USA.
HB

That is not to much more than they were a year ago.

 

[Bill K]

Rather than slam bam companies, that you think are gouging on prices, just don't buy and then see if the prices don't come down.
In other words don't start sounding like the socialist democrats and slam/bam everyone that does not agree with you, even dealers.
As for Larry and MidwayUSA, it just ordered another set of dies, decent price, had email saying they were shipped within one hour of online purchase and then they came into my post office two days ahead of when he said they would arrive. That is pretty good business in my thinking.

 

[Old Navy]

Just think of what it might be if the Dems decide to slap a excise tax on it. Glad I cut, split and stacked my firewood before winter and bailed and stored my hay in the summer.

There already is a 10 to 11% excise tax on arms and ammo plus about every thing else to do do with sporting goods. I guess they could raise it though.

 

[Kracken McGraw]

For the ones who think they HAVE TO shoot something every week
regardless of the cost, get that needle out of your arm. I promise, you will not die or go into DTs. When you quit buying from scalpers the price will decrease as the quantity on shelves increases. Buy yourself something nice w/all the money you saved. LDS

A new bottle of whiskey and a case of coke-a-cola sounds like the ticket at this time!

 

[geralton4]

I think its high time to start cutting off these vendors with hyped prices. it's sickening now.!!

 

[Bill K]

There already is a 10 to 11% excise tax on arms and ammo plus about every thing else to do do with sporting goods. I guess they could raise it though.

Least some forget, sportsmen and women are the one's the put the excise tax on our supplies, to help pay for conservation over the years. That is where the money goes, unless government is pulling some for their own use, now days. Programs like the Pitman/Robinson Act were sportspeople sponsored and passed, not the government.