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Ammo prices are really getting bad here

CS8161CS8161 Member Posts: 13,596 ✭✭✭
edited May 2009 in General Discussion
I stopped in at the local gunshop, he just got some Federal American Eagle 9mm ammo in, 50 round boxes....$30 a box! When is it going to end?? While I was there, a very wealthy heir to one of the first cattle ranches here in Wyoming, came in and bought 10 cases of 223 ammo and five cases of 40 S&W ammo, his bill was over $5,000! I sure wish I had that kind of disposeable income!
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Comments

  • AlpineAlpine Member Posts: 15,093 ✭✭✭✭
    edited November -1
    Just came back from the local Sportsmans. They had .264 on the shelf ( but only 2 boxes) no .410 rounds, and 28 ga. was $16.00 a box of 25.

    I'm glad I don't have to buy ammo for the next 5 years.
    ?The problem with socialism is that you eventually run out of other people's money.?
    Margaret Thatcher

    "There are three kinds of lies: lies, damned lies and statistics."
    Mark Twain
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  • BeeramidBeeramid Member Posts: 7,264 ✭✭✭
    edited November -1
    $30 for 50rd 9mm[:0] Thats got to be a mistake[:(!]


    Picked up a box of 9mm at Academy about a month ago for $9.95, and it was NATO spec.
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  • PTHEIMPTHEIM Member Posts: 3,374
    edited November -1
    Did you really need the ammo you bought or did you want it?

    I am not buying right now and sitting on the few rounds I have and doing what I can to save money towards ammo when the resupply comes.

    A couple of guys I know here want to go out and shoot but have limited numbers of rounds and no-one around here has reloading supplies. I tell them to sit on it and use their snap caps and dry fire for the practice.

    Don't buy it unless you need it.
    If I could've I'd have hoarded too. I'm happy w/what I have at the moment.
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  • gunpaqgunpaq Member Posts: 4,607 ✭✭
    edited November -1
    Local hardware store here in town has Federal 243's for $54.95 a box, Federal 308's for $34.95, Remington .223's for $34.95 a box and federal 550qty .22LR for $29.95.

    The do a big weekend business from all the weekenders coming up to blast away. Pop, pop, pop all weekend long. The big city and urbanite boys also buy his full retail guns: Ruger sp101 for $695.00 etc.

    The price gouging bubble will break when the reverse of supply and demand takes place when the rest of the economy tanks and even the cash rich boys won't have the expendable cash for ammo.
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  • scottm21166scottm21166 Member Posts: 20,723
    edited November -1
    I bought 5 boxes of 7mm mag for 17.32 a box and 5 boxes of 30-06 for 14.50 ea. lawman 9mm was under 15 dollars still high but what isn't? two miovie tickets were 20 dollars the other night
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  • machine gun moranmachine gun moran Member Posts: 5,198
    edited November -1
    With all of the hoarding, sales of new ammo will probably be in a slump for a good while if the 'crisis' passes. That means prices will be at rock-bottom as well. Ammo on the private market will not bring even a fraction of what was paid for much of it.

    But if the current 'crisis' does degenerate into bona-fide economic (and social) catastrophe, the hoarders will win. I think many of them have mis-prioritized the type of ammo that will be mostly needed, however. Food will become an imperative, but I'll bet there is 2,000 rounds of military ball out there for every box of .22RF, 12-guage No. 6's, or .30-30's. The barter ratio may become astonishing.
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  • dakotashooter2dakotashooter2 Member Posts: 6,186
    edited November -1
    quote:With all of the hoarding, sales of new ammo will probably be in a slump for a good while if the 'crisis' passes. That means prices will be at rock-bottom as well.

    Thats what I'm waiting for and then I wil Buy...Buy...Buy.
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