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Like noted above, yes, glues can go bad, but stored in cool darkness they can last years. I store mine in the refrigerator. I use Bohning Platinum and the tube I'm using now has to going 3 years old and works great.
Drying or sticking? Two different things. Arrow prep is paramount, and you noted new arrows.
Playing around, I glued used vanes to a shaft and they stuck good. You can see some of the old glue I couldn't get off without tearing up the base. 20 yards and about a dozen shots and no issues.....
