Anyone who is buying ammo now at these inflated prices is stupid, unless it's buying one box just to be able to load your new gun so you can protect yourself or family. If I didn't reload my own ammo, I wouldn't fire one shot of anything other than .22 since I have tens of thousands of rounds of that.
Yeah, the market sets the price and if somebody can get $35 for a $4 box of ammo, then good for them. It's the stupid people paying that price who allow it to be sold.
Also, these same "stupid people", when prices go down and supply is plentiful, will NOT stock up, figuring that this will last forever and history does NOT repeat itself and get caught again when it does.
Ironically, it was Hurricane Andrew in the early 90s that drilled that home, because of the widespread power outages and resulting gas shortage. No electricity, no gas pumps, no gas and the stations that did have juice quickly ran out.
Had at least several hundred rounds for each essential firearm
I had, but it really got me thinking about long term shortages. I had already pared my calibers down to 4 by then, 7.62x51 (3 rifles), 7.62x39 (Milled receiver SLR95), .45ACP (several 1911s), and .22LR (rifles and pistols). These were my 'essentials'. I did not have a 'home defense' shotgun at that time, I do now, but 12ga is not a huge priority for me. @73, a 20ga, or even a .410 would be more in line with physical shape. Have the 20ga, a Pre War Remington "Sportsman" A5 copy and my Dad's .410 single. Neither of these are going to get altered. The .410 "Shockwave" that the LGS *used* to have looked promising, but no telling when it will be restocked. I do have at least 1 20ga single, hammer gun that I'd have no problem cutting down in the future, but, we'll see.
Anyway, right after Y2K wasn't and mil surp in particular and ammo in general prices were dropping, I decided no new guns for a bit and to stock up for what I had. AIM was stupid cheap for mil surp, but the best, in hindsight, was 2 cases of Wolf MT that was fresh from Germany in a SGN ad. I had ordered 1 case, then got a nice letter from the owners asking if I was sure if one case would suffice since prices would never be this low again. I doubled my order to two cases. It was either $183, or, $186/case, shipped. Soon after, it was selling for $45/brick and now, over $80/brick, IF you can find it. This is the same ammo as SK Standard Plus. Wolf MT is now made by Ely and I have no experience with it, but, all my .22s love the SK stuff. After all these years (15+?), I cannot remember a single ammo related problem with the SK.
If nothing "new" pops up, supply will increase and prices will decrease. Just have some $$ set aside for when they do.
OR, .... Don't and get caught again when the next shortage occurs. Your call.
Rob