In the wake of the Sandy Hook tragedy and fears of new control control legislation from the Obama administration, extreme shortages of ammunition have been sustained over the past 12-24 months, as panicked Americans have raided the shelves of Cabelas and gun-shows across the country buying literally every round they can get their hands on.
Combined with multi-billion round purchases from gov’t 3 letter acronyms such as the DHS and FBI, (including even the USPS and IRS), the shortages have continued even as manufacturers have responded by drastically increasing production.
Over the past 6-12 months, shortages of some calibers such as 7.62 used in the popular AK-47 semi-automatic weapon have been alleviated somewhat via massive imports of Russian production.
That is about to change.
The largest wholesale gun & ammo distributors in the US have informed us in private conversation today that a massive scramble is on for all 7.62 as Russia has reportedly halted all exports to the US of Russian made ammunition.
Our distributor source informed us that yesterday they had several hundred thousand rounds of Russian made 7.62 TulAmmo, and after receiving word early today on the halt of Russian exports to the US, they have been completely wiped out of every last round in the past 10 hours!
We have only several days supply of 7.62 on hand currently at SDBullion under normal market conditions, and expect it will disappear as quickly as 22 LR once word of the Russian export halt spreads.
While Obama and Kerry threaten Russia with economic sanctions over the Ukranian crisis, it appears that Putin has quietly taken the first step and launched economic sanctions of his own against the US.
We have a feeling that we are seeing only the beginning.