Metals pricing coming down pretty dramatically

[Greybeard]

I took a little more brass to the recycler yesterday. They were down to paying just 40 cents per pound - from $1.00 just a few weeks ago. Their chart said that lead is now going for 15 cents, down from 40 cents last spring. Ammunition prices will certainly not drop proportionally, but I suspect that pricing will begin to come down at least some shortly.

[TDDude]

Its probably tied to the cost of energy. Oil goes down and then so does everything else.

[thankGod]

WOOHOO!

I can see it now, WWB .45 Auto for $9.95 per hundred. I can hardly wait. I think I'll just hold my breath...

[j_dock2]

It is tied to commodity futures; base metals are predicted to go down with no end in sight because there's a worldwide productivity slowdown that only just got started.

It's deflation in action... right before your eyes. On the one hand it's great to see the pop in the bubble... on the other it depresses me 'cause I know what it means. What's more, we're unlikely to see serious price decreases in ammo because this lets merchants fatten their profit margins. Same with food and consumer staples - the price increases will likely stick, right into the teeth of a nasty recession. This is also how you get artificial shortages - some merchants would rather warehouse the stuff they bought at higher prices than to sell it at fair prices, hoping for reflation to happen later. (Gold and silver dealers, I'm looking right at you.)

Hey I'll give you $0.50 per pound for .223, .45 ACP or .308 brass (as long as it's still useable don't you know.) I'm a heck of a guy!!!

[dwhitley]

I was at WalMart last night.. got some .40 CAL for my Glock23.... 2 weeks ago I paid $32.98 for 200 last night is was $26.97 so that was a little off the cash... But I have been saying this over and over... Oil is the biggest consumer cost as it touches everything that sells.. Let face it people have been hit hard with the extra cost.. I added up all my extra cost and my home cost went up monthly to around $600 per month.. Now I make good money but it still impacted me... imagine the average house income... Lower the oil and you lower everything else... its simple math... folks... DW

[nitrogen]

<style=Homer Simpson> Mmmmm. Deflation. </style>

[Jeremae]

There is going to be a lag in ammo price as most manufacturers try to buy large amounts (6 months to a year supply) of base metals at a time.

[Paladin]

World manufacturing (especially US and China) is slowing significantly... so industrial metals are down...

Not a good sign at all for the economy... but look forward to any break in the price of ammo that I can get.

It's been too expensive to shoot for real lately... I've been mostly restricted to airsoft and dry-fire

[Oldgringo]

Its probably tied to the cost of energy. Oil goes down and then so does everything else.

Except eggs, milk, peanut butter, bread, etc., etc. that went up along with the price of oil.