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Feinstein's Gun Ban Threat to Private Sellers & Their Firearms Investments

Feinstein’s Gun Ban Threat to Private Sellers & Their Firearms Investments

AmmoLand Gun News

AmmoLand Gun News

Washington DC - -(Ammoland.com)-Amid all the constitutional concerns surrounding Sen. Dianne Feinstein’s (D-CA) “Assault Weapons Ban of 2013,” one issue that no one is talking about is how a her proposed gun ban could depress and eventually crush the prices of guns that people have bought as investments.

After all, under Obama, as under Clinton in the 1990s, gun sales and their value have skyrocketed.

But if Feinstein’s bill is adopted into law, people who own the most valuable of guns will be legally constrained to register them, and they will be barred from selling them or even transferring them.

Her bill specifically states “it shall be unlawful to transfer a semiautomatic assault weapon to anyone who is not licensed under this [law].” This would necessitate the end of private sales as well.

So how much will a gun that brought $3,000 on the open market a year ago be worth if it’s no longer allowed to be privately sold? Not much, especially if the gun has a paper trail on it and the gun owner is registered too, via Feinstein’s gun grabbing scheme.

It’s important to note that this registration scheme will prevent the gun from being sold on the “black market” as well. This will cause the value of the gun to plummet, because it will mean the registered owner will own the gun until he or she is deceased and then the government, or an officially licensed government agent, will take possession of the weapon.

This type of situation will eventually open the door for the kind of forced buyback we saw in Australia in 1997. And it will happen after prices have been depressed to a point where the government can justify paying a “fair market value” at far below what these guns are currently worth.

About:
AWR Hawkins writes for all the BIG sites, for Pajamas Media, for RedCounty.com, for Townhall.com and now AmmoLand Shooting Sports News.

His southern drawl is frequently heard discussing his take on current events on radio shows like America’s Morning News, the G. Gordon Liddy Show, the Ken Pittman Show, and the NRA’s Cam & Company, among others. He was a Visiting Fellow at the Russell Kirk Center for Cultural Renewal (summer 2010), and he holds a PhD in military history from Texas Tech University.

If you have questions or comments, email him at awr@awrhawkins.com. You can find him on facebook at www.facebook.com/awr.hawkins.

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  • 4 User comments to “Feinstein’s Gun Ban Threat to Private Sellers & Their Firearms Investments”

    1. The registration component of the bill was removed. You do not have to register grandfathered weapons. I’m opposed to every aspect of the bill, dont get me wrong, but I want to be sure we are communicating the correct information.

    2. Daniel Cooper on January 31, 2013 at 12:50 PM said:

      Send a shock wave to Dianne Feinstein and the extreme left. Sign the petition to repeal Senate Bill SBX211. When the entire Los Angeles Superior Court Judges face possible felony charges for accepting money that was NOT authorized by law. That should put them back on their heels for a while.
      Google SBX211 and sign the petition.

    3. Mac, can you give me/us a link to the edited s. 150 you are referring to? Thanks!

    4. Rachael Moore on February 1, 2013 at 10:23 AM said:

      While we’re at it, how about some legislation banning discussion of sports? How many people are injured every year in arguments and fights related to sports? Not to mention participating in them. And since there are still plenty of other subjects we can discuss, it doesn’t really abridge our rights to speak and publish.

      Right?

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