its funny how supply/demand is driving up prices, but demand without need is the definition of an economic bubble. Can any here say most, even half of their friends who have been hit hard by this would buy bulk if prices dropped? I know, and I mean know, that only 2 people, of the dozens of shooters, and 8 or so reloaders I know, who have been complaining loudly this whole year, would actually go out and stock up if stock returned. Everyone else will wait until the next panic, and complain they didn't see it coming.
Just like when Anderson stripped lowers were being sold new for $31.00 Out the door. I called every shooter I knew, not one taker. I put one of those lowers on a $279 PSA kit. Have a friend who didn't think it was worth it then, "need it' for $900 a year later.
Anyway, if supply/demand are dictating this market, then when the new owners settle down, and the hoarders run out of moms social security check money, that'll be the bubble. If it happens, tell everyone you know. You'll feel better telling them "no" in the next panic. Human nature is to panic when others panic.
I did the same with ammo for several years. I sent links to 150 dollar cases of aguila super extra. 13 dollar a box winchester ranger T in 40. 15 dollar HST. Herters bricks of 22 for 13 shipped.. 20 dollar/50 rds of 45 Gold dots.....
As far as I know not a single person bought any.
Well, there are certain things that apply, and certain that don't.
I own handguns and rifles, but wasn't an AR guy. I had plenty of ammo calmly acquired over the years, but I will admit that 2020 did create a panic-instinct in me. It didn't make me pay totally insane prices, because I acted as soon as I felt things were
just off, just weird.
I like to keep S&B and Fiocchi 9mm, and would happily add a case for $160 every so often. Last spring, when there was the big toilet paper panic, I figured the ammo run was just around the corner- which it was. By the time I decided to top off my supply, $160 for brass was gone, but approx $200 (total cost, with shipping and tax figured in) was still around. So I added a few at that price, over the period of a couple months (let's say a case with every paycheck). Before you say "you're hoarding!", consider that I pay for a family membership to a range (annual fee, so unlimited usage), my son and I would go shooting at least weekly, probably at least 100 rds apiece. So I basically added a year's worth of ammo at that pace.
At at the time, being a member, they gave us a magnetic card allowing us to come in afterhours and shoot. So we could go there alone, not risking getting exposed to anything. I actually figured our range times would increase, since everything else was getting shut down.
Now let's be clear here- THAT panic passed, as summer approached. By late April, prices were stable and some places, dropping back down again, and stock was coming back. I was able to pick up a case of Gold Dot 9mm from targetsportsusa for $399 at the end of April- which was 50% off the standard price. I figure that to be a one-time expense, I don't plan on that being range ammo.
There's no way that would have been available at that price, had the crunch we're in now have already started.
While that case was still shipping, the world (the US, specifically) went insane, with riots springing up around the country. That's when the second, far bigger push to buy began. At that point, I actively decided I wanted an AR, to have a light semiauto rifle with good capacity; as nuts as things were, I just didn't feel like a 9mm pistol, or even an SKS (which I have) was enough. I don't think any of us honestly knew how bad things would go, and it was getting to a point where I didn't want to find out the hard way. We all joke about SHTF, well things were well on the way at that point. I looked AK first since I have the ammo (SKS); way too pricey. So, AR, plus ammo. I found a Radical AR for $475 in mid June, as soon as I got the order confirmation I picked up a case of IMI for $360. Added "a few" mags for $7 apiece (Korean, good reviews), and the place I got them had Tula 223 for $250, I added that too. In July, they had more Tula, so I added more mags and Tula; another place had Silver Bear for $275 so I added that... picked up a 2nd AR (also a Radical) for my son, $525 from Primary Arms.
At some point I considered the storage issue, did a little research, and picked up a bunch of surplus ammo cans. The 50 cal GI steel ones, not plastic. Someone (Lucky Gunner maybe) had them on sale for about $7, in 'fair' condition. The seals were intact and good, a couple had some rust spots. I cleaned them up good, repainted, a $5 can of silicone spray to dress all the seals. We had a big flood here in 2016, and those cans survived being underwater for a week without issue- I had already picked some up for important documents. My papers, and my ammo, are now safe for long-term storage. I loaded them outside on dry, hot days, and they're kept inside in the ac. It took a good effort to break the seal free to open one recently, it's vacuum tight.
So, a HUGE unplanned expense last year, compared to my normal habits. But 2 rifles, 4k of ammo and plenty of mags.... like the Gold Dot HP, I again figured it as a 1-time buy; and I have since been riding it out without need of any more.
This past month, I pieced together an AR in 7.62x39, after watching how the various calibers have priced out. I spent about $500 total, nothing fancy but made sure I got the right mags, and that the gun would run any steel.
I shudder to think of what it all would have cost, if I had waited. In my point of view, I kept working the whole time, so I had steady income. And any vacation plans were scrapped (heck, so were a lot of dinners and movies), so I probably didn't push the annual budget very much... and I won't need to do so again.