I can accept the new gun owner/ non hardcore shooter who buys a box or 3 of ammo and puts it away theory
BUT -
I have more handguns and rifles than i will ever need, some in some calibers that are expensive / hard to find even in "normal times" but i have also bought 3 .357 revos and another colt 1911 this year becuase prices were too good to pass up.
I also think that the .gov will never really try to outright ban all guns. way too many dems from red states, but i do think they try to will make the regs and costs so onerous on obtaining and storing ammo that most people will just say F-it and not shoot. See this bill working it sway through the PRK assembly now limiting ammo to 50 rounds month and no internet sales, that is the why the run on ammo. i want my 1 year old son and 4 and 6 year old nephews to be able to shoot and enjoy this American right.
That is why i am actively buying the several calibers that are most prevalent in my collection. of course, teh 6 box a day limit at wally is annoying but if you REALLY shop around you can get deals on the internet. i have been buying in case quantity lately as opposed to a box or 2. prices are a bit better, i also have been shooting less frequently. also, it does see the mad crush is levelling out and inventories of ammo are backfilling.
to the OP - will it create a flood and prices come down ? I dunno about a flood but i really hope prices come down so i can buy even more at lower prices. I think that if the econonmy gets worse you will see more and more quality guns come on the market at firesale priecs. and if its the Glock 19 that Joe non-shoooter bought, shot once and now is facing a layoff, and has no sentimental value becuase its not the piece his great ganddaddy, grandaddy and father all hunted with, you dont think that his old lady will tell him to pawn that thing and if hes really hungry he wont sell it for the 1st $400 shown to him? hell probly throw in a half shot box of hollow points to sweeten then deal