This is not a cycle going on,
WWII was the longest shortage, I have read about.
The Cuban missile crisis was the next wave.
To your point, had you jumped into machineguns before May 19, 1986, you would have been a wise investor.
When Clinton signed the AWB, you could buy a Glock 20, sell the two mags and have the pistol for free. 10-22, 50 round mags also went for more than the rifle cost. Took 20 years for that cycle to end.
Anyone that’s not brand new to the game will remember Obama’s re-election and Sandyhook panic, when you could buy a $12 P mag for $80 or more.
A few years of everything anyone could want sitting on the shelves across the country just cause people to forget or not care. That’s fine and I don’t admonish the attitude, just keep it for a little while until the Covid panic passes.
I promise it will. If Biden wins in Nov, the news will tell us we are just fine by Christmas, if not before thanksgiving.
If you think having one before new rules are in place will save you today, it may be a foolish investment to jump into that $1000 AR. Our current POTUS has set the precedent of declaring something, that was legal, Illegal (with no new laws passed in the House or Senate) NOT grandfathered, so you are a criminal if you retain such a device, all with zero compensation. Might as well burn the money.
In any case, I am glad to see new firearm owners and lots of enthusiasm, foolish or not, it’s good for all gun owners and I welcome them. Actually 4 “new guys and gals” so far since this started, myself. Some actually feel guilty shooting my ammunition knowing how hard it is to come by today. Should be a good lesson once this run is over.