As the Israel-Hamas war sparks fears of WW3, law-abiding Americans are streaming the chaos in Israel and Gaza on their smartphones or smart TVs and have come to one conclusion: It’s time to panic buy ammo (just like during Covid).
New data from the ammo tracking website Ammo Prices Now shows 5.56×45mm NATO caliber ammunition listed online by popular brands has surged 39% in the past week, from .36 per round on Oct. 14 to .50 per round on Sunday.
The price spike is significantly larger than the move in early 2022 when Russia invaded Ukraine. Also, 223 Remington surged 42% last week.
Besides the Israel-Hamas war threatening to broaden into a regional conflict, Americans are also watching the Ukraine war and imploding US cities governed by radical progressives who could care less about law and order. All of these developments are stoking yet again another run on ammo.
Remember what Elon Musk said on X last week, “As tragic as the mass shootings are, armed citizens are essential to the defense of democracy.”