Is it cost effective to buy the necessary equipment to start casting your own 45 and 38 cal bullets ? With the average cost of buying cast bullets at around 48.00 per 500, is there enough saving to start cast your own ?
Well to me if you can justify loading your own bullets in the first place your usually shooting enough or your wanting something better than you can buy off the shelf.
Similarly if you are shooting enough or shooting high dollar calibers you can easily absorb the cost of casting equipment and alloy to pour your own.
That said, if your really only shooting a few boxes a month it is a toss up, unless those boxes run you $35-45 per 20 like some of the ones I shoot do.
I initially started out my casting with only a bucket of wheel weights, a Lee bottom pour pot, and some copper and SS tubing I used to make 4,6,8, and heavier wire legged surf weights for surf fishing for Redfish and sharks.
Then along came the itch and a Lee 6 cavity 452300 RF mold in order to feed the appetite of my 454. I managed to pick up 2K of older Hornady GC's off evilbay for about 25 bucks which I thought was wonderful. Today however, I have close to two dozen molds, (probably more) for different things, don't even want to figure up how much alloy I have stashed in piles here and elsewhere, and enough GC's that I have managed to squirrel away that should last into my three grandson's mid thirties or so.
But for what your looking at, as mentioned you could probably round up some cheap lead or even free if you look hard enough, that would serve you well for target loads in your 45 and 38's. With a minimal expense you could easily be pouring up your own. While the Lee products aren't known for top end quality on the message boards, their molds can and do turn out some great shooting bullets for a very good price. You will not find a custom mold for less than roughly $100 even in a 2 cavity usually, where you can get a 6C Lee in just about all of the favorite type bullets for around $60 delivered. Trust me when I say, you CAN make a PILE of bullets in a short time with one of them. Throw in the push through sizing kit for about $20, and you will have your lube and sizer covered as well. Don't take all of the Alox bashing too seriously it has been and will continue to be one of the cheapest, easiest, and most effective lubes, no matter what comes along. The biggest thing is most folks use too much of it and then gripe about all the smoke and stink. It only takes a few drops to lube up 100 or more bullets, then you size and lube again. It all only takes about an hour from start to finish with a little heat from a hair drier.
You can take the above for what it is worth and what it cost you. I have a closet with 6 - 3'x4' shelves full of jacketed bullets in numerous calibers, and I have, like mentioned above plenty of casting equipment, including Lee, Lyman, and others. In fact I haven't even loaded a jacketed bullet for any handgun in the past 4 years period. Rifles...well I haven't quite gotten there YET, but I do have the molds and everything else I need. I just haven't found the time to get started on them just yet, but I will.
The last thing I will add, even if you only dip your toe into it and cast for your two mentioned calibers, if you stock up on the basic supplies, and alloy, you will not be one of the folks posting you cannot find anything to shoot when something comes along and causes the next panic. It will come, and it may or may not be as bad as this one we are just now easing out of. Rest assured though, if you can make your own you are in a MUCH better place.