Someone once told me that a machine gun is the best insurance for your gun collection in case of theft. If someone shoots a full auto within earshot its likely to raise suspicion and a call to the local officials. They'll get in touch with the state and federal officials. All the extra law enforcement will find the machine gun, find out where it came from and eventually find the rest of your collection. Maybe even your TV and jewerly too. Does any of that seem plausible?
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Is a machine gun a good insurance policy?
- Thread starter Cool Hand
- Start date
predator86
New member
plausible maybe.....that is one expensive insurance policy though man.....isnt cheaper just to get a dog and keep it chained to your safe?? who's wheaties did you spit in?
David Hineline
New member
I would say no
Depending upon where you live, some areas are quite used to automatic gun fire so it would not create a report.
You would report the lost guns serial number so any serial number ran buy a pawn shop or gun show would show up a stolen gun. No gun shop or pawn shop is going to touch a gun if the seller talks about machinegun, so the serial number will never be ran.
Many criminals looking to sell for cash would just dump that in the river for fear of the extreme penalties.
Another dealer here in NE just recovered a stolen UZI that was away for 10yrs and being shot routinely. Once the current owner found out the gun was stolen he turned it into police and they returned it to the legal owner. The illegal owner thought he had bought it properly but did not understand the NFA rules.
Depending upon where you live, some areas are quite used to automatic gun fire so it would not create a report.
You would report the lost guns serial number so any serial number ran buy a pawn shop or gun show would show up a stolen gun. No gun shop or pawn shop is going to touch a gun if the seller talks about machinegun, so the serial number will never be ran.
Many criminals looking to sell for cash would just dump that in the river for fear of the extreme penalties.
Another dealer here in NE just recovered a stolen UZI that was away for 10yrs and being shot routinely. Once the current owner found out the gun was stolen he turned it into police and they returned it to the legal owner. The illegal owner thought he had bought it properly but did not understand the NFA rules.
guntotin_fool
New member
its a good insurance policy for your wife, because the return on buying a good one has been better than the stock market for years.
The best insurance policy for your gun collection is an insurance policy.Someone once told me that a machine gun is the best insurance for your gun collection in case of theft.
Not recently. Prices on the more common machine guns have been flat for the past two years or so. If anything, prices may have dropped off slightly, likely due to the economy....the return on buying a good one has been better than the stock market for years.
As discretionary income decreases, sales of "toys" drops off.
Also, the prices of several machineguns doubled or tripled within the space of a few years. They seem to have reached a plateau, and will take a little time before they continue to see much of an increase.
MicroBalrog
New member
Buying guns that are only expensive due to a government regulation is a bad idea in terms of investment.
Just think - an anti-gun administration could easily ban machineguns altogether, or, conversely, it's possible 822(o) will be repealed, and when where will you be with your $20,000 gun?
Just think - an anti-gun administration could easily ban machineguns altogether, or, conversely, it's possible 822(o) will be repealed, and when where will you be with your $20,000 gun?