Should I Buy Ammunition Now or Wait: Navigating the High Prices
Introduction to Ammunition Prices
The current price of ammunition has become one of the most talked-about topics among gun enthusiasts and owners. Many find themselves in a quandary—should they purchase ammo now or wait for prices to stabilize?
The Conundrum of Immediate vs. Future Purchase
Similar to the question of whether to buy gas in different states based on tax differences, buying ammunition involves not just price, but where to buy it and when to do so. For instance, Wisconsin and Illinois might have state-specific taxes that affect the final price per round. Once you factor in the cost of transportation and potential additional taxes, the decision becomes more complex.
Just three months ago, you could buy 50 rounds of 9mm ammunition for around $9.99. However, if you purchase now, the same quantity could cost you around $20.00. Suppliers are now only able to get the highest-priced brands, pushing prices upwards. This price surge means that less expensive options are becoming scarce and, when available, are snapped up quickly.
Current Supply and Demand Dynamics
The ammunition market has seen a significant shortage, particularly for certain popular calibers and brands. High-demand items, such as 124gr Winchester NATO and 9mm, are selling out rapidly. For example, 9mm rounds that were once priced at $8.99 delivered are now as high as $12.99, and were sold out within minutes. Even bulk purchases, such as boxes of Fiocchi range ammo, are being sold quickly, often within a half-hour, and with strict purchase limits in place.
Similarly, there are limited supplies of .22 calibre ammunition. Despite a few suppliers having received deliveries just before the pandemic hit, the current stock is quickly depleting. Bulk purchases and higher-performing ammunition like Federal blue box are in short supply, and prices are soaring accordingly.
Strategic Buying and Selling
While the current situation seems bleak, it's worth noting that many are finding opportunities to recoup their investments. For instance, those who purchased boxes of ammunition before prices spiked might be able to sell their remaining stock at a profit. This strategy can offset the cost of higher-priced rounds and provide some financial relief.
Guidelines for Ammunition Buying
For individuals who own firearms primarily for self-defense, it is wise to have 100 rounds of self-defense ammo per gun, regardless of cost. Storing a substantial amount of this type of ammunition is crucial for peace of mind and preparedness.
For other types of ammunition, however, the current high prices are not justifiable. It is advisable to practice less frequently or to dry-fire using alternative methods until the shortage subsides. While the current situation is challenging, it is important to remember that ammunition shortages are temporary. History has shown that periods of high prices do eventually pass, and availability and prices return to more normal levels.
In conclusion, while supply and demand can create challenging market conditions, strategic planning and informed decision-making can help mitigate the impact of high ammunition prices. Keeping a reserve for self-defense and waiting for more favorable market conditions for other types of ammunition can be a sensible approach.