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.
Great idea!
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.
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.
What Ammo companies would you buy stock in?
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.
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 !
Snoot ;o)
Forget AMMO! The time to buy that was 10 years ago when you could walk into a gun show and buy a case of milsurp .308 (1440 rounds) for $125.
I mean if you don’t have all you need go buy some sure. But the oldest rule of investing is “Buy Low, Sell High” and you’ve missed the “buy low” part of both the gold and ammo markets.
Good news though. We’re still in the buy low market for food. (Though it’s going up. When was the last time you saw 5 for a dollar Kraft Macaroni and Cheese dinners?)
You can buy all the rice and beans you like at the local supermarket for a nominal price. Ditto for most other food stuffs from canned coffee and tuna to bulk olive oil.
But you know that already, didn’t you?
Over the weekend, my local Walmart had .22lr 325 round boxes of Federal Target for $14 and change. They had a case of it. It went quick, but everyone was being nice, no more than 1 or 2 boxes purchased - that Walmart doesn’t restrict sales.
Yes at least for the next 3.5 years. :-)