I like to shoot about 200-300 rounds of 9mm per range trip. When I finally found about 600 rounds of practice ammo last week I bought it. I can now go to the range and shoot some of it. That's its purpose, right? I ask because some guys are seemingly planning to use it instead of bricks to build an addition on their homes. (Guys still with untouched 5000+ rounds from the 2008 shortage
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I have been caught without any practice ammo before and will not let it happen to me again. (It sucks not being able to go shooting for 2-3 months.) I buy ammo with the plan of actually shooting it and having enough for a few range trips, in case I can't find any the week or two before I plan to go to the range.
I don't hoard (stockpile a bunch and not ever actually shoot it) ammo. I don't see the point. (You maybe able to sell some of it early on for a little profit during a shortage like this one BUT that's about it.)
If ammo is ever so regulated or banned that it becomes a truly valuable trade commodity, reloaders and black market dealers will be the owns to become wealthy because they have a RENEWABLE source for the ammo. (Just like moonshiners and mobsters during alcohol prohibition.) I don't think ammo, for recreational use, will ever get "that bad" in the US though in our lifetime... unless its due to heavy taxation on it. (In which case "Reloaded Ammo=Moonshine" No tax.)
I recommend people buy enough to continue their hobby as normal for a couple months and pick-up a few boxes as they see them on routine trips to the stores.
That's my .02 about ammo hoarding and stuff.
However, I firmly believe in everyone's right to have as much ammo as they want to own! Make no mistake about it!