[legion]

Lots of mistakes in that report.

The military and police don't compete for ammunition, as military-grade ammunition is made of separate machines to distinct specifications. I have seen quite a bit of military surplus ammo on the civilian market though--my local Farm & Fleet doesn't have any .223, but it has plenty of date-stamped 5.56.

As a person who hits the range (at least) once a month and maintains a relatively small stockpile, I've found that I have to buy a few boxes every few months no matter the price. Just like in RE, the stock market, and oil speculators, I think the people that are buying massive amounts to sit on for a future profit are those that will get burned. All of the sudden in the next 12 months the market will free up and prices will drop, and the people with big for-profit stockpiles will start panic-selling, which will further depress prices. I expect to see gun shows piled high with cheap ammo. I'll stock-up then.