This is a special edition of a regularly-posted column, by JWR. (Now posted on Mondays and Fridays.) Today, in lieu of the normal column items, I’ll only be discussing investing in rifle and pistol magazines, here in the United States.
Tangibles Investing (Magazines):
Magazine Bans
There are now several “high capacity” magazine ban bills pending at the local, state, and Federal level. Although the proposed Federal ban (H.R. 1186) may be passed by the U.S. House, it probably won’t pass in the U.S. Senate. At the state level, New Jersey’s ban on magazine over 15-round capacity was amplified to now restrict any magazine over 10-round capacity. And Colorado now has a ban on any magazine over 15-round capacity. Currently pending is a ban on any magazine over 5 rounds, in Oregon. And a similar law has been proposed in Washington. Both are sadly expected to be enacted. Last week, the Maine legislature adjourned, after defeating a bill that would have banned magazines holding more than 10 cartridges.
There are also some well-established bans that will probably be permanent–unless the Supreme Court eventually renders them null and void, as it should:
- In California, the limit is 10 round–although that is now pending an appeals court challenge.
- In Connecticut, the limit is 10 rounds.
- Massachiusetts also has a 11+ round magazine ban, but just as in California, there is a Grandfather Clause.
- Maryland has a 10-round limit.
- The District of Columbia has a 10-round limit.
- Hawaii, has a limit is 10 rounds for pistols, but no limit for rifles. But, since may guns such as the AR-15 are also made in pistol form, those magazines are also banned there.
- New Jersey has a 10-round limit.
- The City of Chicago has a 10-round limit.
- New York, beginning on April 15, 2013, with passage of the “SAFE” Act, only magazines with a capacity of seven rounds could legally be sold. The ban allowed ten-round magazines purchased before that date, but made it illegal to load more than seven rounds of ammunition into a ten-round magazine, except “at an incorporated firing range or competition…”
- Inside the city of Pittsburgh, the limit is 10 rounds.
Stock Up!
Given the onslaught of magazine ban legislation, I strongly recommend that SurvivalBlog readers stock up on magazines this year, while prices are low, and while supplies are plentiful. If a new Federal ban is enacted–either by congress or an import ban by executive order, then prices will again skyrocket. If DJT’s chances of re-election to a second term in the White House start to dim, then there could be another rush to buy magazines, and a price spike.Continue reading“Economics & Investing For Preppers”