The Bullet Bubble: Is Ammo The Next Bitcoin, Or Gold In The 1970s?

[Guest AmericanWorkMule]

The Bullet Bubble: Is Ammo The Next Bitcoin, Or Gold In The 1970s?

 

http://www.forbes.com/sites/danielfisher/2013/04/09/the-bullet-bubble-is-ammo-the-next-bitcoin-or-gold-in-the-1970s/

[10-Ring]

I don't think so.  There is no ammo on the shelf because a small portion of the population is panic hoarding.  These people can only purchase so much ammo.  Eventually supply will meet demand and it will be readily available until the next panic hits.  Beware and carry on people, not too much to see here.

[wewoapsiak]

I don't think so.  There is no ammo on the shelf because a small portion of the population is panic hoarding.  These people can only purchase so much ammo.  Eventually supply will meet demand and it will be readily available until the next panic hits.  Beware and carry on people, not too much to see here.

I agree, between the panic horders and the gutter snipe who stake out a store every morning just to resell for triple the price.  Hopefully the manufactures won't take advantage of the situation and raise their prices too far.

[vontar]

I have not been in a panic buy lately, I look but since it isn't there, I am just sitting on what I have until supply returns.

[wewoapsiak]

[URL]http://www.businessinsider.com/bitcoin-plunges-2013-4[/URL]

Pop?

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[macville]

Here's the thing. You have a bunch of people who have bought guns for the first time. They want to shoot them. You need ammo for that. The demand will go down some, but considering it's an expendable commodity, the demand is going to stay up there. Let's put it this way. The demand didn't go down that much during Obama's first term. It ain't going to lower anytime soon.

[Guest AmericanWorkMule]

damn interesting...

 

could we just replace the word "tulip" with "ammunition cartridge?"

 

http://www.damninteresting.com/the-dutch-tulip-bubble-of-1637/
 

The later part of the 20th century saw its share of odd financial bubbles. There was the real-estate bubble, the stock market bubbles, and the dot com bubble, just to name a few. In each instance of price inflation people paid exorbitant amounts for things that shouldn't have been worth anything like the going price. And each time people stood around afterwards and said “What were we thinking?”

[JAB]

There was a somewhat (to gun guys) amusing typo in the article linked in the OP.  It read:

 

Wal-Mart limits buyers to three boxes when they’re available, and Cabela‘s is limiting online orders to one box per day of the popular .22 long shells increasingly used as cheap ammo for target rifles and pistols.

 

Really?  I didn't realize that .22 Long ammo was all that popular.  In fact, I think it has been three or four years since I saw a box of it on a shelf anywhere, although I think CCI still makes it (at least as a CB Long round.)  I mean, I knew that .22 Long Rifle was popular, especially right now, but .22 Long?  I had no idea.

Edited April 11, 2013 by JAB