Gun Owners Stockpiling Ammo in Anticipation of Tougher Regulation
The economy is in the toilet, but there's at least one industry that appears to be going great guns (sorry...): the firearms business, particularly the firms that manufacture ammunition for American gun owners. You may have read Yasha Levine's piece about the surge in ammo sales in Victorville, California, where, Levine reports, fears of tighter gun regulations under the Obama administration have given way to a new kind of arms race.
The same phenomenon exists in Montana. According to the Missoulian, ammo is racing off the shelves at a record pace. Darren Newsom, owner of Bitterroot Valley Ammunition's three local manufacturing facilities, told a reporter that his company produces 300,000 rounds a day, but is still unable to meet demand. "We probably have about six months of back orders right now," he said, adding that he sold more than 300,000 rounds in just two hours at a recent gun show. "It's just unreal... Somewhere in lots of basements around the country, there are millions of rounds of ammunition being stored."