The Down Range Forum
Member Section => Down Range Cafe => Topic started by: TAB on March 19, 2014, 06:17:41 AM
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I was just on gun broker, checking up on a gun I had bid on(didn't buy it, way over my max) so for shits and giggles I checked on ammo, mainly 22 ammo. I have a couple cases so I don't need any, but wtf! Bricks of standard plinking stuff for 40, 50, 60 +. Not just listed at that price, but with bids on them. Same stuff on midway for less then $20. No wonder you can find it, people are doubling their money. Makes me want to sell mine off and use those funds to buy more to sell. I really am just shocked people are paying that much for ammo. Yeah it is supply and demand, but come on people, stop buying it and this type of stuff will stop.
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I was just on gun broker, checking up on a gun I had bid on(didn't buy it, way over my max) so for shits and giggles I checked on ammo, mainly 22 ammo. I have a couple cases so I don't need any, but wtf! Bricks of standard plinking stuff for 40, 50, 60 +. Not just listed at that price, but with bids on them. Same stuff on midway for less then $20. No wonder you can find it, people are doubling their money. Makes me want to sell mine off and use those funds to buy more to sell. I really am just shocked people are paying that much for ammo. Yeah it is supply and demand, but come on people, stop buying it and this type of stuff will stop.
This is going to end with the biggest rimfire ammunition glut we've ever seen in our lives. It has to. People are buying far more, and if anything they're shooting less, if at all. We have become a victim of our own damn creation. People want this stuff simply because they can't get it. Not because they want to shoot more, or at all for that matter. So we have a situation where people are stripping the shelves at ANY price, and stockpiling it. People who once kept a couple of bricks handy at $10.00 a brick, for plinking on a Sunday afternoon, now want a closet full for $70.00 a brick so they can stand there and look at it while drinking beer. Every time I go to my club range, the rimfire range is empty. There always used to be a half dozen people there, blasting away with 10/22's and Marlin 60's.
The salesman at Cabela's told me .22 rimfire rifle and pistol sales are way down because people can't get ammo for them. So the fact of the matter is .22 gun sales are at a low ebb, along with a lot of the shooting activity that surrounds them. While .22 ammunition sales continue off the chart, at prices that would make a plaid suited car salesman cry. This is / was no different than the housing bubble. All these dickheads lined up to pay over twice what the house they were buying was actually worth. Then cried when the value plummeted to less than half that.
All these people paying $70.00+ a brick, "so they'll have it". Are all going to be crying when they have to either sell it, or else shoot it knowing it's costing them .20 cents a round doing it. While the guy next to them is paying 1/4th as much. This is like watching a dog chase his tail.
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A couple of points TAB:
1. Most of those postings are offers to sell with no bids. This does not mean that people are spending huge sums for the ammunition;
2. The few that are paying that price are no different than the few that do that in good times as well.
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If sales on .22 guns is going down, maybe the time is right for a .22 AR. The ammo will come back eventually. But when that happens the price of guns will go back up since people will be able to feed them.
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are people really that dumb?
Never underestimate the magnitude of human stupidity. So the answer to your question is always yes.
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I agree, if people would stop paying these insane prices, then the supply would eventually get back to normal. Where I work we have had a 100 round limit on .22s for a long time now. We took the limit off for one day, and they bought everything we had but sub sonic ammo. So, we put it right back on when we got another shipment in. We don't have a limit on any other ammo at this time, and we have plenty of almost everything. Just .22 LR and .22 Mag in short supply.
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Never underestimate the magnitude of human stupidity. So the answer to your question is always yes.
Yep.
The stupid is strong in many folks...
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Yep.
The stupid is strong in many folks...
The guy in the White House is your best example.
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The guy in the White House is your best example.
That is certainly an undeniable answer to TAB's original question.
And the masses did it twice. (That should be them asses)
Crusader Rabbit
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Guy at a local gs had a sign saying he would pay up to $50/brick of .22 ammo! He had other bricks on his table but I was afraid to check what he wanted for it!
Richard
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All this reminds me of the "day traders" that existed around 2000. Where are they now? Quick buck artists rise and fall like the Sun. These "ammo flippers" will be no different.
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I have a thought on this whole price thing:
1. .22lr is in very limited supply;
2. Some people have some that they are willing to part with;
3. Retail outlets have very limited supply of plinking ammunition;
4. Restricted supplies of high end ammunition is available;
5. High end ammunition carries a high price;
6. Some people who understand firearms, ammunition, and shooting sports will continue to purchase high end ammunition for their sport activities;
7. People who are new to the sport do not know any better, and when they see the price of high end and don't know the difference between economy and quality ammunition they pay the higher prices;
8. There are whack jobs burying their gold, guns, and ammunition for the end who will mortgage their families, so they can be fully armed when they meet Satan.
I personally do not believe the masses are spending the amounts shown as offers on Gunbroker. Yes, people will put an offer out there, and a few will bite. But, the majority do not.
My question is that if the manufacturers have truly ramped up production to the maximum, where is it going? You can not tell me that it is just newbies and paranoid that are eating this up. I compare it to our agriculture situation: We went from surpluses in the 80's and 90's, we added ethanol production, but due to yield increase we still had surplus. Even with all the additional storage being built (I used to have the figures of new storage being built by ethanol plants, elevators, and on farms, and it was huge) we were still piling grain on the ground. What has not been accounted for is the increase in export. Today we are still raising more corn, wheat and soybeans than we did pre-ethanol, plus the ethanol and bio-diesel consumption, plus the increase in livestock since. Why do we see huge demands? Exports! What is the grain export equal in the ammunition market?