As everyone fully knows, everything is dropping like a rock. Even Oil and metals prices.
Lead is at around 1600 a metric ton as of right now (10-10-2008). That works out to roughly 72 cents per pound of pure new lead. (1 metric ton= 2240 pounds).
Now you take 6000 grains which equals one pound and divide by 230 you get roughly 26 which is how many 230 grain 45acp bullets you can get (approx) from one pound of lead. Take 500 and divide by 26 and you end up with roughly 19 which is about how many pounds of lead it takes to make 500 230 grain bullets. Lets round up to 20 for sake of argument.
You now multiply 20 pounds of lead by 72 cents and you get $14.40. That is almost 15 dollars for the raw lead to make 500 bullets.
So how long before we start to see the prices of lead bullets falling to a more reasonable level? I go to the gun show and pick up a box of lead cast 230 grain bullets and they are about 55 dollars for 500.
I know I'm missing a lot (production costs and so on) but really, bullets shouldn't be what they are priced at considering what lead is at.
If my math is wrong, please explain it to me, its not one of my best skills. LOL
Lead is at around 1600 a metric ton as of right now (10-10-2008). That works out to roughly 72 cents per pound of pure new lead. (1 metric ton= 2240 pounds).
Now you take 6000 grains which equals one pound and divide by 230 you get roughly 26 which is how many 230 grain 45acp bullets you can get (approx) from one pound of lead. Take 500 and divide by 26 and you end up with roughly 19 which is about how many pounds of lead it takes to make 500 230 grain bullets. Lets round up to 20 for sake of argument.
You now multiply 20 pounds of lead by 72 cents and you get $14.40. That is almost 15 dollars for the raw lead to make 500 bullets.
So how long before we start to see the prices of lead bullets falling to a more reasonable level? I go to the gun show and pick up a box of lead cast 230 grain bullets and they are about 55 dollars for 500.
I know I'm missing a lot (production costs and so on) but really, bullets shouldn't be what they are priced at considering what lead is at.
If my math is wrong, please explain it to me, its not one of my best skills. LOL