Skip to comments.Forget Gold, .22 Ammo up More than 400% Include in IRA?
Posted on 06/11/2013 9:37:26 AM PDT by bestintxas
While many individuals have looked at precious metals for moderate gains and even some losses over the last year, the combination of base metals like lead and brass have seen an incredible return--particularly when those base metals are combined to form .22 ammunition. Think about it--from one year ago until now, .22 ammunition is up over 400%. It was approximately $21 to $23 per 500 rounds in May 2012, and it's now $100 to $135 for 500 rounds.
.22 ammunition has been easy to find and cheap to buy for decades. For this reason, .22 rifles and pistols have long been among some of most popular firearms in America. In fact, the first gun I ever shot was my dad's High Standard Double Nine .22 revolver and the first firearm I owned was a Marlin model 60 .22 rifle.
But following Obama's re-election,there arose a sense of uncertainty among gun owners. And this lead to moderate runs on ammo. Then President Obama and other gun control advocates came out in force following the heinous crime at Sandy Hook Elementary, and .22 ammunition was literally sucked off the shelves.
Not only is it now 400% higher than it was a year ago, but it's so scarce that when stores get a shipment of it they typically limit sales to one or two 50 round boxes per customer. And buying a full brick of 500 rounds anywhere but online is almost unheard of.
Historically precious metals have been a great hedge in uncertain economic times. But lead and brass may be making a comeback.
(Excerpt) Read more at breitbart.com ...
Sounds like some gullible people willing to blow a lot of dough on ammo. A week ago I bought a brick of CCI standard velocity .22 LR for $29 and change. That didn’t stop me complaining about the price.
When this shortage began I had 6-8, 500 round bricks on hand. I thought of that as simply a reasonable, on-hand supply. Little did I realize that I was making a shrewd investment. On the other hand, there’s no way I would sell it for any reasonable price. $100 a brick seems outrageous but I think I’d still want to hold on to what I’ve got.
Investing in gold or silver at this point in the life of our dying republic is redundancy in it’s purest form.
Bullets. That’s the vehicle of our freedom.
What is .22 ammo? Oh, yeah, I think I remember what that looked like.
What part of the country...Cannot find any on the West Coast
If you don’t have at least 10 bricks of .22 ammo, you’ve got none to sell, even at a profit.
After that boating accident, I can’t imagine what I would do with .22 ammo.
Still, I watch prices. It’s dropping fairly rapidly, and it’s now possible to get at 0.08 per shot for a brick or more every few days. I would not buy now. By the end of the summer, those low swings will be down to $0.06 or lower. Ammo still belongs in our retirement plans, but not for resale.
IRA = In Ready Access?
Yes, I am fully invested.
When the SHTF I plan on the following...
I have an air rifle I will use for the small game (cheap bullets) no wasting gunpowder.
I will use the one that uses gunpowder for self defense and to take down large game.
After that boating accident, I cant imagine what I would do with .22 ammo.
Barter Item ;)
What Ammo companies would you buy stock in?
a .22 round from a rifle will go through most folks wooden front doors.
At the time it was a good buy.
Now it would be one of the best investments in the country.
Too bad it's all gone.
What Ammo companies would you buy stock in?
Exactly. If the people will just refuse to buy it at the hyper inflated prices, it WILL go down.
When “Bubba” was elected in’92, I started picking up a value pack of .22’s EVERYTIME I walked into a Wal-Mart for anything. Last June I had to end the practice as I had no more storage space. Needless to say, those 550 round packs for $8.88 have made me quite the “hero” with my love to plink family ! Word got out though and -NOW- I’m having to tell little white lies to get rid of “friends” that now find themselves in need. In an actual emergency, of course I’ll share-sell-barter, etc., but for now ..... what .22 ammo ? ? ? Not to boast, but I did almost the same with EVERY caliber ammo that I may need in addition to “ Santa “ bringing me a Dillon 550 reloader around 1999.
I trust this post gives all that read it a very valuable moment of reflection ...... followed by equally valuable actions concerning the most important priorities in your lives.
God Bless !
South Central, PA. Store stocks are unpredictable, but when ammo is in stock, the price is not terrible, at least at one of my favorite gun shops. (Make one exception to that .223/5.56 and .308/7.62 are way over priced). This past weekend they had bricks of small pistol and rifle primers in stock, and plenty of them, but they are limiting customers to one brick of each. They do the same for bricks of .22
I have also been seeing an increase in the variety and availability of power. I get the feeling the market is starting to loosen up a bit. Now if I could just get my hands on some bullets.
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