Good read, thanks.
I have issues with the 10 year shelf life on ammo. In reality it is much greater. I would rather have a case of .308 over $500 in cash 25 years from now.
"I'd rather be fishing!"
That was a poorly written article. While the bubble will burst. The premise that everything is happening in a vacuum is false. There have been 70 million new gun purchases in 5 years. Those guns require bullets. The shooting sports are growing and the only holdup is ammo availability and price. I don't think it will be like gold in the 70s when the bubble bursts. Still waiting for the oil bubble to burst.
Life is not a journey to the grave with the intention of arriving safely in a pretty well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming-----WOW-----what a ride!
When exactly did the gold bubble burst anyway? On approximate average first month of each year . . . 1970 it was $35, 1975 $175, 1980 $600, 1985 $300, 1990 $400, 1995 $400, 2000 $300, 2005 $425, 2010 $1150. I just donít see any crash in that yet, I just see a market trending overall way up outpacing inflation with minor corrections as you would expect.
To me ammo is just a commodity and like an other commodity it will run hot and cold on supply and demand . . . just like pork belles, corn, or crude oil. Also to my way of looking at it gold/silver is the real money, when you see the dollar price of going up in truth what you are seeing is the real value of a dollar going down. Think about this, if you had put $10,000 into gold in 1970 at todayís price you would have just under $500,000 now . . . what does that say about the dollar.
what cracked me up about that article was his statement about a ".38 magnum". he then wrote notes trying to dismiss his corny inaccuracy as a common "slang term" for 357 magnum. never heard .38 magnum before. I wouldn't even use that article to wipe my bum.
A poorly written article by an individual very ignorant about guns, ammunition and bullets. Calling ammo bullets shows ignorance. Talking or writing about something of which you are ignorant is stupid. Just my opinion.
Is there nothing so sacred on this earth that you aren't willing to kill or die for?
Well, all of you pretty much covered what I was going to say about the article less one point about the .38 magnum and attempted correction. The author mistakenly states that a .38 magnum is actualy a .357 load shot in a .38 pistol...NOT !
The difference between genius and stupidity is that genius has its limits.
The only Point that matters in the Article is: That You'all "Shooters" of .22 LR ammo have others who want the same product as a store of future value.