Friday, January 30, 2009

Ammo shortage seen in South Georgia

Do you think that people are finally realizing that something is UP?

LEE COUNTY, GA (WALB) - South Georgia gun dealers say there is a growing shortage of certain types of high powered rifle ammunition.

Solo Archery says they can't fill the large requests they have for .223 caliber, .308, and 762 by 39 caliber shells.

Those are high powered bullets used in military style weapons.

Solo Archery Manager Phillip Colson says there has been a growing shortage this fall, as more ammo goes to the Middle East, manufacturers make less, and now speculators have become involved.

Colson said "They've lost their money in the stock market, so they are buying both ammunition and hardware. Guns, magazine,s, and accessories for speculation. Potentially six months down the line they can resell the stuff for twice what it's worth right now."

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