ammo situation worsening.... and worsening..... and worsening ....... May 5, updated
- Thread starter dizzy
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When was the last time we saw $0.10/round on .223?
With the exception of a few hiccups, ($0.30/round ruag and first election of OBL) and the sliding of quality going a little south, I recollect .223 ammo being pretty steady for the last 10 years? (or maybe it's the early onset Alzheimer's?)
Another scenario is that MOST people won't buy guns if they can't get ammo! the guns become about as usefull as a crowbar! So if ammo dries up or becomes excessively expensive then people won't buy guns, and to an extent, vice versa! I think in Canada, to keep their businesses operating successfully they are looking hard for suppliers and I believe China will be a huge part of OUR solution along with a bunch of milsurp from various countries! High Ammo prices= low gun sales ,, In Canada,, in the U.S. all bets are off!
When there was a USA shortage several years ago, about 2008, the Canadians turned to the European suppliers for ammunition . You can see on the shelves of many retailers that we receive our ammo and components from European sources as well as from China. The European ammunition and powders are TOP quality. Ed has been to many gun shops over the last two weeks from Windsor to Peterborough to Orillia and many many in between. There is NO AMMO SHORTAGE IN ONTARIO. Deliveries are on schedule and fully supplied. Stop the panic and enjoy the sport.
BTW, our Canadian Retailers are REFUSING calls from USA sources seeking to buy ammo, Every one of our Canadian Retailers tells these callers "our ammo is for our Canadian Customers".
BTW, our Canadian Retailers are REFUSING calls from USA sources seeking to buy ammo, Every one of our Canadian Retailers tells these callers "our ammo is for our Canadian Customers".
- Location
- West Quebec
Well that's only fair as most of the Gun manufacturers have a U.S. supply policy first don't they.... Are we talking all Canadian retailers or just some specific groups?
About a month ago, I went to a few Walmarts and dropped off cards for the youth program I organize through my club specifically asking for Winchester 555's.
Haven't heard anything yet, but I just got off the phone with the Sporting Good's Manager from the Walmart near my house, some big take aways:
"We got calls every other day for Winchester 555's from every other store in town."
"With everything going down in the States, we're having a heck of a time getting anything in. I don't know when we're going to get any."
Yesterday I went to the Walmart in the Hood, and even they were out with no indication of when they might get restocked.
I might have to dig into my personal reserve or call on good will donations from my membership to get this program running again this year.
I bought about 50 bricks last year for personal use to compliment my existing stores - but Calgarians consider this fair warning - if I see it, I'm buying it all.
Good hunting, everyone!
Haven't heard anything yet, but I just got off the phone with the Sporting Good's Manager from the Walmart near my house, some big take aways:
"We got calls every other day for Winchester 555's from every other store in town."
"With everything going down in the States, we're having a heck of a time getting anything in. I don't know when we're going to get any."
Yesterday I went to the Walmart in the Hood, and even they were out with no indication of when they might get restocked.
I might have to dig into my personal reserve or call on good will donations from my membership to get this program running again this year.
I bought about 50 bricks last year for personal use to compliment my existing stores - but Calgarians consider this fair warning - if I see it, I'm buying it all.
Good hunting, everyone!
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ALBERTA BOY
Regular
- Location
- Edmonton, AB
Calgary low? Considering how Edmonton is looking, including how easily Canadian Tires and Walmart's restock here I don't understand how things are that bad just 4 hours south.
Even Phil from P&D says they continue to receive stock with no sign of stopping...
So what's the problem down there?
You could always drive up to Edmonton, if you wanted.
Even Phil from P&D says they continue to receive stock with no sign of stopping...
So what's the problem down there?
You could always drive up to Edmonton, if you wanted.
I'm taking my little girl on an ammo safari tonight.
If thing's are looking lean I might call my cousin up in Edmonton to pick up a bunch for me and I might make a weekend trip up.
Hopefully Calgary's doesn't have a higher concentration of survivalist nut-jobs, stocking up on ammo for the end of the world, than Edmonton does
When I went into a decently stocked gun shop this morning, the owner was on the phone with a supplier cursing about getting more ammo for his customers. They've also got purchasing limits posted for people wanting to buy.
Just sayin'...
Just sayin'...
hometownhero
CGN Ultra frequent flyer
- Location
- Toon Town, Sk
Here at some stores I'm told there is no stock at the supplier then at a different store they have plenty of stuff coming in.
Rocket Surgery
CGN Ultra frequent flyer
But there is much more money to be made from having "title" to land. Enough that the sale of a single piece of land bought at a good price can keep you flush with ammo for a long, long time no matter what ammo prices go to.
What is this "rent" you speak of?
This is simply not true. Land prices in Canada will remain flat for the next 10 years according to our banks, so it's best to buy in 9 years when the land costs the same but your dollar is worth less.
I bought a condo february 2012 for $152,000.00 while it was valued at $179,000.00 and it's now worth $133,750.00
My buddy's house about 15km away went from 480k to 390k in one year, it's a terrible time to buy land.
If you purchased this land in the 1980's well that's just great for you, but don't use fuddy old advice on the youngsters because you will just ruin their lives. We were all told by our parents that we should just get great educations and buy land and everything would work out, well guess what, land isn't worth #### and the money is in the trades.
EDIT: The days of land going up in value constantly are over for a while, sure there will be growth spots, but until we start seeing economic growth there just won't be crazy development. We practically need more people with money, or wealth generation for the land price to go up. Owning used to be so much smarter than renting simply because you were getting back half of your money in equity, in an asset that was going up 2-10% in value each year. Right now you're getting back half your money in equity (in my case $325.00 per month) when I was paying out $800.00 in rent, so I'm kind of on top but I have to make up the $20k loss or hope my value goes back up. I also realize that everyone needs a place to live and there will be a cost associated with that until it's paid for.
Regardless I'm just saying, I listened to some mid-50's baby boomer who told me to buy land and I got stung. Pretty much every part of my life that I regret comes from taking advice from my parents' generation.
EDIT #2 99% of the regrets I have in life come from taking advice from baby boomers, the 1% I regret was hooking up with that girl I met at a stag party (don't do that)
EDIT #3 believe it or not she actually dumped me - lol
EDIT #4 and took some of my stuff
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"Stuff coming in" is usually a diplomatic, canned response designed to make customers feel happy used by sales reps who have no clue what's going on.
I know I used that line a lot when I worked in retail and I was dealing with annoying customers who complained about lack of inventory. It made them less irritable and more easy to work with. Most of the time, I had no idea what was coming in and when.
Really, most stores have a retail or customer service manager who manages inventory and orders. If it's a sales associate and they say "We have stock coming in any day now," I would take it with a big grain of salt. If a manager says "I don't know when we're getting any in." That's quite a bit more telling.
Did your fuddy/boomer tell you to buy on the brink of a market correction? Did he tell you it was a short term investment? Seriously, if you think you should be rolling in it a year after buying a condo, well then collecting copper pennies just might be for you.
I wouldn't worry about the value of your condo either. Unless interest rates go up, we'll have another round of people buying beyond their means and driving the prices up soon enough. Just make sure your on the right end of the swing next time.
I wouldn't worry about the value of your condo either. Unless interest rates go up, we'll have another round of people buying beyond their means and driving the prices up soon enough. Just make sure your on the right end of the swing next time.
This is simply not true. Land prices in Canada will remain flat for the next 10 years according to our banks, so it's best to buy in 9 years when the land costs the same but your dollar is worth less.
I bought a condo february 2012 for $152,000.00 while it was valued at $179,000.00 and it's now worth $133,750.00
My buddy's house about 15km away went from 480k to 390k in one year, it's a terrible time to buy land.
If you purchased this land in the 1980's well that's just great for you, but don't use fuddy old advice on the youngsters because you will just ruin their lives. We were all told by our parents that we should just get great educations and buy land and everything would work out, well guess what, land isn't worth #### and the money is in the trades.
EDIT: The days of land going up in value constantly are over for a while, sure there will be growth spots, but until we start seeing economic growth there just won't be crazy development. We practically need more people with money, or wealth generation for the land price to go up. Owning used to be so much smarter than renting simply because you were getting back half of your money in equity, in an asset that was going up 2-10% in value each year. Right now you're getting back half your money in equity (in my case $325.00 per month) when I was paying out $800.00 in rent, so I'm kind of on top but I have to make up the $20k loss or hope my value goes back up. I also realize that everyone needs a place to live and there will be a cost associated with that until it's paid for.
Regardless I'm just saying, I listened to some mid-50's baby boomer who told me to buy land and I got stung. Pretty much every part of my life that I regret comes from taking advice from my parents' generation.
EDIT #2 99% of the regrets I have in life come from taking advice from baby boomers, the 1% I regret was hooking up with that girl I met at a stag party (don't do that)
EDIT #3 believe it or not she actually dumped me - lol
EDIT #4 and took some of my stuff
Dont compare buying a house or condo to buying land. It is not the same thing.
I personally don't think one should ever take a mortgage for real estate assuming it will go up in value. I think it should be put up as collateral based on it's cashflow potential. That's what I do and it's paid off quite well. We've amassed a fairly huge savings by having tenants who pay the interest on our mortgage on our primary residence. Of course, even then, I know I do not "own" my house - I'm just renting it from the government and banks and using it to generate income to service the debt I have against it.
It's a big illusion that you can "own" a home or land - that's the point I'm getting at. To own something, other parties can't have any legal claim on it and demand you pay them a due for the right to use it. So long as the Crown exists - you will always pay that due in the form or property tax - hence you will never own it.
I don't think I said real estate is a bad investment, if I gave that impression, I apologize. I think it's an awesome investment if you understand it. The important thing to understand is even if you have no personal debt against it, you will NEVER own it.
That being the case - copper pennies (and ammo) are a pretty good store of wealth, and if possible, a good diversification of savings (if you have any). They're also really handy at weighing down safes and preventing loss in the event of a break and enter.
If you paid 1 cent and got something valued at 2 cents, wouldn't you consider that a good investment? If you see a penny minted before 1997, that's EXACTLY what you have.
If you were alive in 1969, and you took saved $1000 worth of dimes and quarters by 11 years later, you would have had $30,000 worth of silver because the banks and government's colluded together to create a massive credit expansion by manipulating interest rates and debasing the currency (exactly what they are doing today).
I hope you're right about interest rates not going up - because once the housing market gets so overheated, all the hot money the fools pumped into "properties" they believed they owned (when they never did) will eventually come flying into commodities. Who knows, I don't think it is at all unrealistic to speculate that $2000 worth of copper pennies just might be worth $60,000 11 years from now. Even then - what do I have to lose by keeping them? I certainly wasn't gaining much keeping it in the bank in a savings account. There's an small island country in Europe were doing just that potentially meant having the government tax 6% of it this past week - there's no reason to believe our government is above doing the same thing some day.
Personally, that's why I want to keep as much of my savings as possible in tangible commodities that I can actually own without someone else claiming ownership on it (counter party risk). They are so undervalued now compared to most other assets, and ownership of them is entirely mine.
Ammo is a good investment that falls into that category, in my opinion - all ammo is is copper, lead, and zinc, and the utility of it a good added value. Obviously there's a decent market for it too.
Back on topic, as an update, I called about 7 Walmarts and Canadian Tires and the story was always the same - "No ammo, got some on order, don't know when it's coming in."
The one near my house had 5 bricks of Federal Champion 525 - I bought it all.
I took some good pictures of the one Walmart and CT I did visit.
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Last week I had a peek at the ammo shelf at our local WM for the first time in about 6 months. Had more ammo than I ever remember seeing. Haven't looked at CT.
Harbl, If you are concerned that you don't "own" any property, why would you weight yourself down with 100s of lbs of copper? What if you have to pack up and leave suddenly?
Harbl, If you are concerned that you don't "own" any property, why would you weight yourself down with 100s of lbs of copper? What if you have to pack up and leave suddenly?
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