jstolz
Active Member
I know MG in Maryland need to be registered every year, but is it legal to transfer?
Hold onto it. It's an investment. Sell it later for even more than you can now.
Actual vintage , historical pieces have their intrinsic value . BUT for most FA items their is looming in the background Two opposing risks :
Become more restricted , either ban on ownership , or ban/ substantially increased restrictions on transfers .
Conversely , Hughes goes away , and newly mfg sells for actual production costs plus profit margins similar to regular firearms . The value of non- rare, shooter grade FA will overnight drop to the level of mid priced AR- 15 .
One mass shooting with a legal belt-fed machinegun and we're screwed. We are EXTREMELY lucky the dude in LV went with a bumpstock instead of a legal MG.I doubt they'll outlaw NFA stuff, they'll just expand their reach into AR15's and semi auto's if they can to tax the crap out of every gun owner. $200 to start, and then yearly registrations. Worst part is we'll all pay, because we are law abiding citizens while drug dealers continue to kill each other in scores.
One mass shooting with a legal belt-fed machinegun and we're screwed. We are EXTREMELY lucky the dude in LV went with a bumpstock instead of a legal MG.
I ran the numbers once, and outside of a few edge cases like HK sears, none of them beat the NASDAQ if you put your money in one or the other in 1986. I also agree that MGs have a LOT of legislative risk exposure that stocks don't have, which makes their risk-adjusted return less appealing than it may seem.
I have an M11/9, and would like an M16 RR... because I want to shoot them, and I'd like my kids to have the choice of owning a MG rather than it being totally out of reach.
...If you're looking for an investment, there are better options.
The issues with MGs as an investment are:
1. Much of the value depends on them remaining legal, but in very short supply. Change that in either direction, and the price will shift dramatically.
2. If the gun is on a Form 4, merely getting it onto the market takes a $200 transfer tax and several months.
If you're looking for an investment, there are better options.