Nitwits, shills, and Wolf ammo prices

Lately the shills or nitwits have taken to causing panic buying and artificially driving up the price of 7.62x39 ammo on the AK forums by exclaiming that prices for Wolf are getting high and only going to get higher due to increasing "copper prices", increasing "raw material prices" and increases in the "commodity markets". This is all ridiculous and baseless rumor, and goes something like this (lifted verbatim from this forum): "ammunition is going up 20%. i work in a gun shop here where i live in east tennessee and my boss says that of july 1, ammo costs are going to be going up about 20% because the metal and copper prices are going up as well."

I checked the facts on this today, which took all of about 10 minutes, and discovered that this is silly bullshit. Here's some background: Two weeks ago SG had Wolf Classic for $113 / 1000. Then, the rumors started, the sheeple stampeded, and SG upped their price to almost $160 / 1000 (a $47 increase or 40% increase). The "raw materials" Wolf Classic is made of are primarily steel (case, bullet, lead core, copper WASH on the 124 gr. bullet).

Copper Prices
First, lets look at the ridiculous notion that "high copper prices" are causing Wolf to go up. Today copper is at $3.32 / lb. Last year it was at about $1.75 / lb. So, copper has gone up about $1.50 in the last year per pound. Copper rides about 7 year cycles. There aren't "shortages" of the stuff on earth, they just mine the shit out of it, store it and sell it. If they constantly mined it the price would get so low as to cause losses. Wolf uses a copper WASHED 124 gr. bullet. So, if a pound of copper has gone up a whole $1.50 USD in the last year, then I wonder how many 124 gr. bullets one could wash with a pound of copper? I'd say you could WASH thousands of 124 gr. bullets with a pound of copper. BTW, there are 7000 grains of copper in a pound. So, being liberal and allowing waste, Wolf probably uses 1/3 a pound of copper to copper WASH 1000 124 gr. bullets. That would mean that this "increase in copper prices" now costs Wolf a whopping 50 CENTS MORE in copper costs today to produce 1000 rounds over last year.

Steel
The largest amount of "raw material" used in a Wolf Classic round. Steel is cheap. Steel is up about $60 a ton per the AMM Market Index in Chicago over last year (since June 2005) but actually even or down against the same period in 2004. I think in 2004 Wolf was selling for $69 / 1000. A case of Wolf Classic weighs 40 lbs. counting the box, tissue, staples, primer, powder, little boxes, glue, ink on the box. If steel is now $60 more a TON, then it is 3 CENTS more a pound (there are 2000 pounds in a ton). That means that due to the "increases in raw material prices" a thousand rounds of Wolf, packaged and to your door, cost $1.20 more this year to make due to the "high cost" of steel. So, add the extra $1.20 per thousand for steel to the extra 50 CENTS per thousand for copper and that "commodity" theory accounts for an extra $1.70 cost increase to make a thousand rounds of Wolf Classic over last year.

So, here is the breakdown of the cost increases for the moronic "raw material and copper increase theory":

Increase in copper cost per 1000: .50
Increase in steel cost per 1000: 1.20
Total increase in "raw materials": 1.70 per 1000 rds. of Wolf Classic

So, what explains the $47 to $100 price increase per 1000 rds. of Wolf Classic? Panic buying, rumor mongering, and silly buying behavior. Refuse to buy this ammo for a price greater than say, $115 /1000 and I guarantee the prices will get less than that. Continue to believe the ridiculous rumors spread by nitwits and dealer shills and the price gouging will continue for a bit longer.

Note: Lead (bullet core) is so cheap that I'm not counting it and nobody raised the issue of increased propellant price increases as I doubt there are any.

SG is seeing a upsuge of panic buying so they are gouging their prices..........no difffernt then what gas stations do when something big happens and they all of a sudden people are lining up to buy gas, for no reason other then beliving the price may go up, the gas station see this, so they are taking advantage of the situation...to make a lot of money.

It's called Capitalism. It works. Demand makes prices rise (a form of inflation you know), so this is natural. Now, if SG is hoarding ammo, that is black-market, and NOT capitalist. But neither is it socialist. It's then called profiteering.

It's called Capitalism. It works. Demand makes prices rise (a form of inflation you know), so this is natural. Now, if SG is hoarding ammo, that is black-market, and NOT capitalist. But neither is it socialist. It's then called profiteering.

Capitalism is willing buyer, willing seller, market price. It is not lies, distortions, and misinformation to manipulate and cause panic buying. If I bought up all the bottled water in town then went around telling everyone that the water from the water system was contaminated and unsafe, then doubled or tripled the price of my bottled water to sell, would that be capitalism? In my town that would get me beat up, shot, or jailed if I was lucky, or all three. It is the same with these idiots and dishonest shills spreading rumors on internet forums. A couple weeks ago a wingnut working at a gunshop initiates a post about how all ammo is going up 20% on July 1. Such imbecilic baseless rumor mongering does nothing but help cause a run on ammo and profits for price gougers (such as his "boss"). At best such a post is irresponsible. Nope, rumor mongering for the purpose of artificially interfering with markets is not capitalism. People get prosecuted for it in the big leagues.

Capitalism is willing buyer, willing seller, market price. It is not lies, distortions, and misinformation to manipulate and cause panic buying.
...Nope, rumor mongering for the purpose of artificially interfering with markets is not capitalism. People get prosecuted for it in the big leagues.

You obviously don't pay attention to advertising, which IS misinformation.
"Going out of Business" sales are routine.
"Quantities are limited" is a common phrase.

"Willing buyer" + "Willing seller" EQUALS "Market price".
Real Estate (except in cases of eminent domain) works the same way. If I have land you want, you pay my price or buy something else.

Market price is set by whatever the majority of informed buyers are willing to pay. It doesn't matter if the old timers refuse to pay $50k/acre for what was worthless farm ground 10 years ago, because the developer will pay it and still make money.

There are people who won't borrow money because interest rates are outrageous and more than the lender should be allowed to collect.
Fine, but others will pay those rates, and they become average for the market.

I am the walrus. kookooachoo..

ammo sellers= :evil: BAD BAD BAD AMMO SELLERS!!!!!!!!!!!!!!!

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