Another quip from Mr Farnam, below; it’s very revealing. But first, the questions to set the stage–
– When do we think that supply will catch up to demand? Two months? More? What’s the new normal for ammo prices? And magazines, too? What are you willing to pay?
– What effect does all this have on your training? Are you one of those who could afford to practice once a week, with 50-100 rounds out of your sidearm and your long gun? That eats up ammo, and unless market conditions allow you to replenish as you deplete, there comes a point when practice at that level imposes a net cost on your stocks.
– And what about the two- or three-day courses, such as John Murphy’s outstanding Minuteman Rifle class? Think of the round count, and multiply by .86 or .75. How many of us are in a position to be able to sustain our training plans under these conditions? What are the work-arounds? I think it’s worth the cost, BUT I’m not sure if I can afford to do as many as I’d like, that is, under these market conditions.
Today, I visited several local gun retailers, large and small. Here is what is going on currently, at least here [Colorado, I believe]:
One shop has a small quantity of 223 hardball still available, at $0.86/round. Restricted to 100 rnds/customer. None was available at other locations, at any price.
I found several, new ARs still for sale. Daniel Defense, SIG, Bushmaster, 1.9-2.5k, and up! Four weeks ago, those same guns were marked at $900.00-1k, and there were plenty from which to choose. Dealers told me copies they currently have “in stock” had just arrived, and would all be sold, probably by the end of today, surely be the middle of next week.
I found 30-rnd Pmags (no window) for sale at two locations, $45.00/copy at one, $60.00/copy at another. Limit of two/customer, and there were only as few left.
Pistols in 40S&W, 45ACP, 45GAP, and 357Sig, and revolvers in 38Spl, 357Mg, and several other calibers are still in pretty good supply, at least for now. Pistols in 9mm are completely sold out! No G19s, G17s, nor XDs, XD/Ms, M&Ps, even Berettas in 9mm are available anywhere.
Magazines for 9mm pistols, particularly double-column, are also sold-out. I couldn’t find any for sale.
Hardball 9mm ammunition is available in small quantities. Same with 40S&W and 45ACP. High-performance pistol ammunition, in any caliber, is completely gone!
Storage rooms were stacked high with guns that are already sold, but awaiting transfer-approval. Out state’s “instant check” system continues to be hopelessly constipated. Wait-times are now exceeding one week, and continuing to extend.
Activity was high at all locations. Many customers waiting around interminably for the attention of haggard clerks, only to be told that inventories were badly picked-over and continuing to dwindle. No “lay-aways,” and scant chit-chat. You either buy on the spot, or move out of the way and let the next customer in!
A significant percentage of retail sales is now investment-oriented. People are taking money out of the stock-market and re-investing in “tangibles,” like serious guns and ammunition.
I’m regularly getting phone-calls and e-mails from students and subscribers wanting to know where to go to buy ammunition and guns. All I can tell them is, “You waited too long!”
No one can predict where all this is leading, but I can plainly see nervous expressions on faces of hopeful gun-buyers. I am persuaded that it is not just threatened restrictive gun legislation that is driving this current feeding-frenzy. The simultaneous convergence of a number of other issues (the “debt-bomb,” about which we’re doing nothing, war in the Middle-East, our southern “border” disintegrating, weak/confused/corrupt leadership at the highest levels) has persuaded many that all of Western Civilization is circling the drain.
What’s next? Hyper-inflation? Another “Great Depression?” Another World War? Massive civil unrest? Foreign invasion from the south? States seceding from the Union, and the USA breaking apart?
None of that was even seriously discussed in 2008. It is now, and no longer just in whispers!
In any event, I see no lessening of tensions any time soon. When people ask, “When will this frenzy end?” I have to reply, “Maybe never! You had better be personally prepared, in depth!”
Last question– what say you?