With Obama as president and the Democrats controlling the House of Representatives and the Senate, a new assault weapons ban provision is on the horizon.   The first assault weapons ban was signed by Bill Clinton and was in effect from 1994 to 2004.  Basically, the bill outlawed “assault weapons” which are defined below:

Semi-automatic rifles able to accept detachable magazines and two or more of the following:

• Folding stock
• Conspicuous pistol grip
• Bayonet mount
• Flash suppressor, or threaded barrel designed to accommodate one
• Grenade launcher (more precisely, a muzzle device which enables the launching or firing of rifle grenades)

Semi-automatic pistols with detachable magazines and two or more of the following:

• Magazine that attaches outside the pistol grip
• Threaded barrel to attach barrel extender, flash suppressor, handgrip, or silencer
• Barrel shroud that can be used as a hand-hold
• Unloaded weight of 50 oz (1.4 kg) or more
• A semi-automatic version of an automatic firearm

Semi-automatic shotguns with two or more of the following:

• Folding or telescoping stock
• Pistol grip
• Fixed capacity of more than 5 rounds
• Detachable magazine

If you are looking to make some money, assault weapons or parts would be a good thing to invest in.  It’s extremely likely that these weapons will be banned in the near future.  However, if a person owns a prohibited weapon before the ban is enacted, that person’s weapon is grandfathered in, meaning the weapon is legal as long as it was manufactured prior to the date the ban becomes enacted.

People are already buying up guns, ammo, and accessories in fear of the ban.  I went to a gun store a few days ago and it was packed.  Everybody was trying to get theirs, including the store employees.  One employee was buying 3 AR-15 stripped lower receivers, which is a good idea because the lower receiver is the item that will be banned.  After the ban is enacted, if you have a stripped lower receiver, you’ll probably be able to find parts to complete it.

As soon as the ban is enacted, there will only be a limited supply of pre-ban guns and accessories.  The weapons ban will drive the demand way up, while the supply of these items will shrink.  As the supply dwindles down, the price of these items will skyrocket.

Some less pricey items to get before the ban are:

• 30 and 20 round magazines
• Pistol magazines over 10 rounds
• Extended pistol magazine

If you’ve got a bit more to spend:

• Complete assault rifles (AR-15, AK-47 especially)
• Machine Pistols (Mac-10, TEC-9, etc)
• Lower receivers for assault rifles

AR-15 Stripped Lower Receiver

30 Round Magazine

Basically, try to get anything that will be become illegal before the next ban comes.  The ban may even be worse than the last ban in 1994, it may ban all assault weapons, so get your gun while you still can.

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