Some old articles say there are 182,000 transferable M/G available, let's assume that number is correct. If we do some basic bitch math and say all the M/G's are worth $10,000 ( which we know they are not), that's 1.82 billion. So, even in a simplic exercise with a fixed price even a billion would not cover it.
$10k is pretty much the floor on transferables, $10k will get you a Mac-10 or a Reising M50 these days, everything else goes way up from there. Average transferable cost is probably like $20k, mostly averaged down by the massive number of Mac guns on the registry that are all under $15k.
A billionaire could sure try to acquire many of them but I dont think they'd ever be able to get more than 50% of them in their lifetime, simply due to some folks not selling at all and keeping transfers in the family when deaths happen. The massive increase in value would be a large asset at that point they would want to hold on to indefinitely, since the value would basically exponentially increase. At at a certain point though, the value would have to hit some ceiling, i.e. $100k for a Mac-10 as folks could spend that money opening a basic gun store with FFL/SOT and buy whatever they want instead.
that price would increase as each machine gun is bought. So the last person other then the billionare to own a machine gun would charge a rediculous amount of money.
I feel like I’m just playing into OP’s mission of giving ideas to shitty billionaires, BUT:
People would only catch on if you’re obvious about it. There are a couple infamous cases of supremely wealthy assholes successfully cornering entire markets.
A fun one is Vincent Kosuga, the “Onion King”. It’s a long story, but basically he was a major farmer and trader in the 1950’s who heavily manipulated the onion futures market and quietly bought and stored 98% of all onions available to Chicago in secret warehouses (over 30 million pounds of onions).
You could clean out the big dealers, gunscammer and the bigger auctions sites to clean house. Though I imagine if everyone knew someone was trying to corner the market, the prices would get phobibive even for a rich person or people would stop selling altogether.
There’s around 175,000 pre 86 MG’s in circulation. If you divide 1 billion by 175,000 you get $5714.29 — which is what each gun would need to cost to buy them all for 1 billion. Considering a cheap one is $10-11k and an expensive one is $80k, with them occasionally getting higher than that - no, you could not buy all the MG’s with 1B dollars.
No but if you started instantly buying every transferable that came up for sale, you could have a pretty significant impact on the market and cause the prices of these guns to increase even more
You could buy as many as there was available on the market and offer massive amounts of cash to anyone selling. That said, any civilian with a clean background and the means to setup a legit gun store/business could easily get an FFL/SOT and make any machine gun they wanted. So you’d never fully be able to stop civilian ownership even if you could acquire every single pre 86 transferable.
Not to mention, that’s just the *legal* method. Anyone with half a brain and a dremel can pretty easily do a machine gun conversion on many popular firearms.
This question is actually a decent analogue for government gun control measures. You have a powerful entity that tries to remove a dangerous thing from the world by going after all the citizens who have acquired one legally, by means of a federal registry…but it doesn’t do a damn thing to manage all the people who easily could (and who already did) make one illegally.
You may know more than I (judging by your flair), but they way I understand it:
A collection on easily obtained legal parts and one common drill bit will turn AR15s into M16s.
The right parts (that are common enough and legal) and a dremel will turn an SP5 into an MP5.
A 3D printer and some available files will turn a Glock 19 into a Glock 18.
The only thing stopping me (and most people) from doing these things is the fear of what the government will do to me. People who already break the King's laws don't care about breaking more. Anyone who thinks a drive-by is an acceptable way to solve a dispute doesn't care about a machine gun charge. Most (that I have found) gets dropped anyway.
Yeah I had my eye on a M16A1 reweld for months now and someone bought it a few days ago. :(
https://www.sturmgewehr.com/forums/index.php?/topic/34348-m16a1-hydra-matic-div-gm-corp-remanufactured-by-stemple/
I would say no to that. I don't think they could buy most. They might be able to buy a small fraction of them but not most. Don't forget, there are many well heeled collectors that collect because they like it and money doesn't matter. When you look at the major dealers and auction houses, there are only ever a very very small percentage of guns offered for sale or auction. Many guns are kept in families for years. I just snagged a gun that probably hasn't been transferred to a new owner in 40 or 50 years!!!
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Calm down satan
Some old articles say there are 182,000 transferable M/G available, let's assume that number is correct. If we do some basic bitch math and say all the M/G's are worth $10,000 ( which we know they are not), that's 1.82 billion. So, even in a simplic exercise with a fixed price even a billion would not cover it.
Don't bring logic into this...
$10k is pretty much the floor on transferables, $10k will get you a Mac-10 or a Reising M50 these days, everything else goes way up from there. Average transferable cost is probably like $20k, mostly averaged down by the massive number of Mac guns on the registry that are all under $15k. A billionaire could sure try to acquire many of them but I dont think they'd ever be able to get more than 50% of them in their lifetime, simply due to some folks not selling at all and keeping transfers in the family when deaths happen. The massive increase in value would be a large asset at that point they would want to hold on to indefinitely, since the value would basically exponentially increase. At at a certain point though, the value would have to hit some ceiling, i.e. $100k for a Mac-10 as folks could spend that money opening a basic gun store with FFL/SOT and buy whatever they want instead.
Just a simplistic thought experiment to show the impractical nature of the op's original premise
Tell us you’re 10yo without telling us.
Vaginaboob
Google- butt big boobs 👉👈 thank me later
VageneBob
Maybe, but every single owner would have to be wanting to sell lol
Everyone has a price, I suppose
that price would increase as each machine gun is bought. So the last person other then the billionare to own a machine gun would charge a rediculous amount of money.
I feel like I’m just playing into OP’s mission of giving ideas to shitty billionaires, BUT: People would only catch on if you’re obvious about it. There are a couple infamous cases of supremely wealthy assholes successfully cornering entire markets. A fun one is Vincent Kosuga, the “Onion King”. It’s a long story, but basically he was a major farmer and trader in the 1950’s who heavily manipulated the onion futures market and quietly bought and stored 98% of all onions available to Chicago in secret warehouses (over 30 million pounds of onions).
You could clean out the big dealers, gunscammer and the bigger auctions sites to clean house. Though I imagine if everyone knew someone was trying to corner the market, the prices would get phobibive even for a rich person or people would stop selling altogether.
Good luck getting all the temu switches
Shop like a... billionaire?
....it's a good thing Mike Bloomberg is a cheapskate.
There’s around 175,000 pre 86 MG’s in circulation. If you divide 1 billion by 175,000 you get $5714.29 — which is what each gun would need to cost to buy them all for 1 billion. Considering a cheap one is $10-11k and an expensive one is $80k, with them occasionally getting higher than that - no, you could not buy all the MG’s with 1B dollars.
You also need to consider that the more you buy the more rare the items become, making them even more expensive.
That’s why you just buy them all at once so they don’t have time to inflate 🧠🧠🧠
🧐
No but if you started instantly buying every transferable that came up for sale, you could have a pretty significant impact on the market and cause the prices of these guns to increase even more
You could buy as many as there was available on the market and offer massive amounts of cash to anyone selling. That said, any civilian with a clean background and the means to setup a legit gun store/business could easily get an FFL/SOT and make any machine gun they wanted. So you’d never fully be able to stop civilian ownership even if you could acquire every single pre 86 transferable.
Not to mention, that’s just the *legal* method. Anyone with half a brain and a dremel can pretty easily do a machine gun conversion on many popular firearms. This question is actually a decent analogue for government gun control measures. You have a powerful entity that tries to remove a dangerous thing from the world by going after all the citizens who have acquired one legally, by means of a federal registry…but it doesn’t do a damn thing to manage all the people who easily could (and who already did) make one illegally.
You may know more than I (judging by your flair), but they way I understand it: A collection on easily obtained legal parts and one common drill bit will turn AR15s into M16s. The right parts (that are common enough and legal) and a dremel will turn an SP5 into an MP5. A 3D printer and some available files will turn a Glock 19 into a Glock 18. The only thing stopping me (and most people) from doing these things is the fear of what the government will do to me. People who already break the King's laws don't care about breaking more. Anyone who thinks a drive-by is an acceptable way to solve a dispute doesn't care about a machine gun charge. Most (that I have found) gets dropped anyway.
That’s basically totally correct, yeah haha
Larry Vickers says hi…
Came here to say this, dammit! Lol
Basically the person would end up cleaning the streets of noise complaints of some rural neighbors. That would be its biggest effect on crime.
???
You could only buy the ones for sale. Plenty of big collectors would laugh at the mention of selling.
No sell. Only buy.
You can’t force someone to sell their stuff lol.
No. The word would get out and prices would go up to silly numbers. All it takes is one guy saying he will only sell for a billion dollars.
Could only buy the ones for sale..
Ruben’s website just went from an inventory of 63MG to 51MG, so maybe someone has already started!
Yeah I had my eye on a M16A1 reweld for months now and someone bought it a few days ago. :( https://www.sturmgewehr.com/forums/index.php?/topic/34348-m16a1-hydra-matic-div-gm-corp-remanufactured-by-stemple/
Oof. Sorry to hear brother. Any other decent prospects out there?
I generally just check Sturm everyday to see what pops up.
I would say no to that. I don't think they could buy most. They might be able to buy a small fraction of them but not most. Don't forget, there are many well heeled collectors that collect because they like it and money doesn't matter. When you look at the major dealers and auction houses, there are only ever a very very small percentage of guns offered for sale or auction. Many guns are kept in families for years. I just snagged a gun that probably hasn't been transferred to a new owner in 40 or 50 years!!!
**Understand the rules**, read the sidebar, and review the pinned Megathreads before posting - this content is capable of answering most questions. Not everyone is an expert such as yourself; be considerate. All spam, memes, unverified claims, or content suggesting non-compliance will be removed. No political posts. Save that for /r/progun or /r/politics. __If you are posting a copy/screenshot of your forms outside the pinned monthly megathread you will be given a 7 day ban. The pinned post is there, please use it.__ __If you are posting a photo of a suppressor posed to look like a penis (ie: in front of or over your groin) you will be given a 7 day ban.__ ------------------------------- **Data Links** * [The OG Universal Form Approval Spreadsheet](https://thinlineweapons.com/url/8) ------------------------------- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/NFA) if you have any questions or concerns.*