are people really that dumb?

[TAB]

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.

[billt]

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.

[MikeBjerum]

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. 

[JC5123]

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.

[brushmore]

are people really that dumb?

Never underestimate the magnitude of human stupidity.  So the answer to your question is always yes.

[Sponsor]

[gunman42782]

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. 

[kmitch200]

Never underestimate the magnitude of human stupidity.  So the answer to your question is always yes.

Yep.
The stupid is strong in many folks...

[billt]

Yep.
The stupid is strong in many folks...

The guy in the White House is your best example.

[crusader rabbit]

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

[ellis4538]

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