Ammunition Shortage will continue

[44forever]

[QUOTE}
For the first time I'm actually shooting more center fire than rim fire in practice. I cannot find rim fire ammo and center fire is actually cheaper. When you can find 22LR it runs $40 per 1000. I have less than $20 per 1000 in my small pistol primers.[/QUOTE]

I bought .22 LR at close to that $.04 a round when I finally found a quantity. I like cheap ammo as much as the next guy but I'm willing to pay higher prices if it means more people are shooting. Those new shooters are our future and should be encouraged.

 

[stilettosixshooter]

As a new owner, I will probably burn up more rounds at the range in the coming weeks/months than most veteran owners in order to get acquainted and comfortable with my new gun. Unfortunately, that means that I'm going to continue buying more bullets at the high prices, since I don't need to have a gun in my house that I haven't been practicing on. I don't think I'm alone, and I know this has to be contributing to the shortage - hopefully it will taper off.

I think the new ownership is to blame more than any panic mentality. I don't hear of many people actually hoarding tons upon tons of ammo, even if they are buying in larger quantities at a time. Everyone here seems to be in the same boat.

As a side note, everyone keeps mentioning that .22 LR ammo is dirt cheap - but I bought 250 .22 mag rounds last weekend, and they were $15 a box ($.06 a round) - and the LRs weren't much cheaper. I imagine the price will continue to increase as more shooters begin switching to .22 for target practice due to high-priced larger caliber ammo and more novices opt for the .22 as their first gun.

 

[Hodado]

I just picked up 5 boxes of 115gr 9mm Blazer Brass at Wally World-got lucky musta hit the right day $8.97 a box.I also got a message from GOA stating that legislation has started prohibiting gun owners to manufacture their own ammo and purchasing the componants to do so.If this passes I smell revolution

 

[flop-shank]

If this passes I smell revolution

+1

 

[ArchAngelCD]

I didn't read all the posts so I'm sorry if someone already said this.

IMO Gunbroker's "announcement" the shortage will continue is self serving. If they make the scare worse ammo prices on their site will raise and in turn, so will their commissions.

 

[tacotime]

Note that there are reports that China has begun buying copper at far greater volumes than needed for their economy, possibly as a hedge against the predicted collapse of the US Dollar.

 

[GatorFarmer]

Originally posted by tacotime:
Note that there are reports that China has begun buying copper at far greater volumes than needed for their economy, possibly as a hedge against the predicted collapse of the US Dollar.

Could you explain why copper supplies would hedge against a collapsing dollar?

 

[pps]

Originally posted by GatorFarmer:

Originally posted by tacotime:
Note that there are reports that China has begun buying copper at far greater volumes than needed for their economy, possibly as a hedge against the predicted collapse of the US Dollar.

Could you explain why copper supplies would hedge against a collapsing dollar?

I'm not sure why they would pick a commodity as volatile and dependent on industry demand as copper. I could see gold, or silver purchased in volume of Hunt brother proportions...but copper? I don't know.

 

[mmncw]

Because they're sitting on a pile of US cash that we've been spending on Chinese products. If they think the dollar is going to collapse, they want to use that cash to buy something useful before that happens.

 

[flop-shank]

If copper is like aluminum and steel, it's on sale right now. It's value will rise while the dollar will decline. It's all good. We have "hope and change" now.

 

[tacotime]

Exactly. Paper money now is just a piece of paper with printing on it, only good if people think it has value, and that opinion declines with each note printed, and especially if the issuer of the "money" is going bankrupt. And as for the particular metal chosen, copper has a number of uses and of course being a component of bullets is a highly relevant one.

 

[pps]

I've been stockpiling gold, silver, lead and brass. The aluminum beer cans have been stockpiling themselves....I guess if inflation hits I'll be rich from the aluminum price hike...just more proof my 401keg plan is paying dividends.

 

[glypnir]

China has also been putting in electrical infrastructure at a huge rate to go with their economic growth. Assuming that the growth continues, that will continue.

They've got a domestic market stimulus plan just like we do. It would make sense that part of that would involve stringing wires all over the place.

I agree, if you've got ammo, this is not the time to buy, at least from an economic prespective.

As I understand it, the ammunition companies have been reluctant to put in more capacity because they think this is a bubble. So they've been putting in long hours instead.

I visited a local Academy yesterday - lots of Monarch (Serbian) .223 and AK-47 type ammo, someone had just bought the last 2 boxes of Monarch Steel cased 9 mm.

I bought 1 box of 100 rounds of CCI Green Tag .22 LR competition ammo for about $15. It will be interesting to see if I get any failures to fire with that stuff.

But I'm going to have to get an airgun or something for practice at those prices.

 

[Gress]

Just lucky, on empty shelves of local Waly found 500 rnds of CCI .22 LR minimags.
The price on those as far as I remember did not change much - still $6.47 per 100. Nothing else is there anymore..no other cals were there...

 

[animalmother]

Supply will catch up to this crazy demand soon enough. A year from now, those that over paid and over stocked will feels buyers remorse. I'll be right their to buy the ammo off them (at a reduced price).

 

[harry carey]

THERE IS A SOLUTION TO THIS AMMO SHORTAGE. REPEAL THE GHW BUSH 1989 BAN ON IMPORTATION OF CHINESE AMMO (AND AKS) . AMMO WILL FLOOD IN AND AT A MUCH LOWER PRICE. FREE MARKET ???

 

[jmtgsx]

Originally posted by harry carey:
THERE IS A SOLUTION TO THIS AMMO SHORTAGE. REPEAL THE GHW BUSH 1989 BAN ON IMPORTATION OF CHINESE AMMO (AND AKS) . AMMO WILL FLOOD IN AND AT A MUCH LOWER PRICE. FREE MARKET ???

Oh Yeah!
I can just see the current administration spearheading this plan.

Never happen.

 

[GatorFarmer]

Originally posted by harry carey:
THERE IS A SOLUTION TO THIS AMMO SHORTAGE. REPEAL THE GHW BUSH 1989 BAN ON IMPORTATION OF CHINESE AMMO (AND AKS) . AMMO WILL FLOOD IN AND AT A MUCH LOWER PRICE. FREE MARKET ???

Chinese ammo imports were banned later than '89. I think Clinton was in office.

Anyway, we're getting better ammo from Serbia and even Brazil. That Chicom ammo wasn't exactly great stuff.

 

[harry carey]

wrong , it was Bush. see ATF website for info.1989. China North was selling stuff to Iraq and/or Iran. the ATF gave their spin on aks and crime, etc. was Bush.

 

[GatorFarmer]

Originally posted by harry carey:
wrong , it was Bush. see ATF website for info.1989. China North was selling stuff to Iraq and/or Iran. the ATF gave their spin on aks and crime, etc. was Bush.

Bush banned the "assault weapons" of foreign make back in '89. The ammo ban was later, and was initially based on the Norinco stuff being steel core. Olympic Arms came out with an AR pistol in 7.62x39mm which suddenly made that caliber verboten in terms of having a steel core since it was now a handgun round.