Emergency? If I bug out, I am going to take my CCW and a spare mag plus a full sized pistol and a spare mag, plus my 10/22 take down and maybe 200-500 rounds in sleeves. The reality is that, with a wife with type I diabetes, a small child, and two dogs, we aren't bugging out on foot. The 10/22 is more of an indulgence than a true need, but it is easy to pack/grab on the way out. If I bug in, then I have access to all my weapons and my ammo stash. As others have said, my ammo stash is insulation against the next run on guns & ammo. I thought I had a good stash by having 500 rounds of each caliber prior to the last panic. Now I make it a rule to buy twice as much as I shoot. It doesn't take up much room, and prices tend to only go up as long as you are buying right. In a true emergency, like a hurricane hitting Houston, if I'm going to bug out with my family, I can leave the ammo home in dry boxes on a high surface and it will probably be fine. If it floods, then ruined ammo is the least of my worries.