The Bullet Bubble: Is Ammo The Next Bitcoin, Or Gold In The 1970s?

[CitiusFortius]

The Bullet Bubble: Is Ammo The Next Bitcoin, Or Gold In The 1970s? - Forbes

Didn't see it. If it's a dupe then the first person gave it a different title. Anyway, its interesting that the shortage is so bad the people at forbes magazine have written about it.

 

[Colarmel]

I love his disclaimer at the end.

Also it's great to hear reputable sources claiming the end of the shortage is nigh (ish) Nothing terribly surprising in the content though. I doubt it does anything to slow the aluminum shortage of 2013.

 

[pudly]

Wow. -1 on that article for quoting Federal (never thought I would type that) for the FAQ entry:

What is the shelf life of ammo and storage?

Store reloading components and ammunition in a cool, dry place, protected from direct exposure to sunlight. If stored properly there is a 10-year shelf life on loaded ammunition.

 

[BigMoose]

I am betting that recreational plinking has gone WAY UP since 96.

 

[1775usmarine]

When that bubble pops the wife and I will be doing more shooting and hunting thats for sure.

 

[roisigns]

I hope that it is a bubble. Bad news otherwise.

 

[PapaScout]

I had a couple of friends come over this past weekend and we shot around 100 each of .40 and 762x39, plus about 20 .357.

It was a great time but I felt kinda sick after not knowing when I'll be able to replace it.

 

[BehindBlueI's]

I had a couple of friends come over this past weekend and we shot around 100 each of .40 and 762x39, plus about 20 .357.

It was a great time but I felt kinda sick after not knowing when I'll be able to replace it.

I've seen all of that in stock at several LGS. Indy Trading Post, Beech Grove Firearms, and 256 Sport & Garden could restock you and they haven't went into panic pricing mode.

The only calibers that people seem to be totally out of locally is 9mm and .22LR.

 

[Titanium_Frost]

GREAT disclaimer. Might have well said, "I know I don't know anything about guns or ammo but I gave it my best shot."

 

[PapaScout]

I've seen all of that in stock at several LGS. Indy Trading Post, Beech Grove Firearms, and 256 Sport & Garden could restock you and they haven't went into panic pricing mode.

The only calibers that people seem to be totally out of locally is 9mm and .22LR.

I haven't been to BGF yet but perhaps today is the day. Thanks!

 

[BoldCourageousWoman]

Hoping it is about over! The panic pricing makes it cost prohibitive to even plink.

 

[1988-4551]

If anyone needs to get rid of their ten year old ammo I may be able to help you out

 

[LarryC]

A few issues with the writer - 22 longs are NOT 22 Long Rifle. I have had many firearms since the 1950's - had a couple semi-auto rifles that would shoot both 22 long and long rifle, but not shorts. One was a Remington that had a knurled knob on the rear of the receiver to adjust the spring pressure to shoot short, long and long rifle, never would function semi-auto with shorts.

Second, don't know what nitwit gives a 10 year storage life for ammo! This might (maybe) be true if they were stored in a shipwreck at 200 ft down. I routinely shoot ammo over 50 years old! Don't know for sure when the 30-06 Greek ammo sold by the CMP was produced for the Garand, but pretty sure it was over 10 years ago - shot a few rounds a couple weeks ago - wouldn't have wanted to be in front of the Garand's my son and I were shooting with the "old, bad" ammo!

The only rounds that we have had any duds was some surplus 7.62 X 25. (Probably stored improperly). Heck I have had a lot of ammo that was old when I purchased it 20 years ago, still chronographs at the same speed as rated and never misfires.

 

[dnurk]

A few issues with the writer - 22 longs are NOT 22 Long Rifle. I have had many firearms since the 1950's - had a couple semi-auto rifles that would shoot both 22 long and long rifle, but not shorts. One was a Remington that had a knurled knob on the rear of the receiver to adjust the spring pressure to shoot short, long and long rifle, never would function semi-auto with shorts.

Second, don't know what nitwit gives a 10 year storage life for ammo! This might (maybe) be true if they were stored in a shipwreck at 200 ft down. I routinely shoot ammo over 50 years old! Don't know for sure when the 30-06 Greek ammo sold by the CMP was produced for the Garand, but pretty sure it was over 10 years ago - shot a few rounds a couple weeks ago - wouldn't have wanted to be in front of the Garand's my son and I were shooting with the "old, bad" ammo!

The only rounds that we have had any duds was some surplus 7.62 X 25. (Probably stored improperly). Heck I have had a lot of ammo that was old when I purchased it 20 years ago, still chronographs at the same speed as rated and never misfires.

All that CMP ammo has the date stamped on the casing. Most of the stuff I have in my cache is from the early or mid 70s and is from Greek Powder and Cartridge Company (HXP). I have had one single round that did not fire out of the many hundreds I have shot over the years.

 

[Trigger Time]

Bradis wanted $27 for a 50 round box of 9mm makarov!! Uh, no thanks. I love bradis and have been a customer the whole time they have been a shop but I can't pay those prices. I ca do better online.

 

[AtTheMurph]

Why does anyone believe it is a bubble? Is it really just Normalcy Bias applied to ammo? I think so.

Ammo prices haven't gone parabolic and the guy on the street isn't going out and cashing out his IRA to buy ammo.

BTW, Gold wasn't a bubble in the 1970's. It had been priced suppressed and moved up to market price. Very different from bubble.

Bitcoin......man that's another topic. Can currency be in a bubble? I'm not sure.

 

[Spike_351]

I've seen all of that in stock at several LGS. Indy Trading Post, Beech Grove Firearms, and 256 Sport & Garden could restock you and they haven't went into panic pricing mode.

The only calibers that people seem to be totally out of locally is 9mm and .22LR.

I know sport n garden is gtg but I wouldnt try ace's gun counter in scottsburg, last time I was there I seen 9mm going for $49.99 a box , if your looking for mags though, try cabin fever, he has a ton in stock for most popular models, even pmags.