I’m selling a 9mm Sig today, and went online to see what the ammunition is running. Everyone is sold out. Midway USA, a major online retailer, has 1 type of 9mm Luger ammo available and 197 types sold out – that one type is a specialty self-defense round that costs more than four times as much as most common varieties.
(I happen to have almost 2,000 rounds that are now worth more than double what I paid for them a couple of years ago. I wonder if self-managed IRAs would let a person invest in ammunition? lol)
Retailers say much of the demand is from gun owners who are stockpiling in case certain weapons are banned.