The Untold Story Of The Rise In Ammunition Prices

Are Guns & Ammo The New Gold? Why More Americans Than Ever Before Are Arming Themselves

The threat of a U.S. double dip recession coupled with this summer’s debt debacle in Washington – and the subsequent failure of the so-called “debt supercommittee” – has many ordinary Americans looking at gold as a safe store of value. However, there’s another commodity that historically has risen in price along with gold – and is potentially more useful in the event of a global crisis: Ammunition.

Some of the fear-based psychological reasons for gold’s popularity in times of economic crisis appear to be similar to the reasons cited for purchasing guns and ammunition.  Michael Thompson, a small business owner from Virginia, had this to say about why he recently purchased 2,000 rounds of 223 ammunition to go with his growing collection of AR-15 assault rifles: “Since ARs are so well-known & widespread, quality ones don’t really go down in value.  I don’t trust what’s going on in Washington and a reliable firearm that’ll hold it’s value plus ammo that I can always re-sell later if I don’t use it up seems like as safe a place as any to put my money in these uncertain times.”

Via: Ammo.net