I recently had jury duty, during a break in the trail I was talking to one of the other juries and learned he was an Wholesale Ammo Dealer. I asked about the increase in the price of 7.62x39 ammo, and was told that we could expect it to go even higher. He said it had gone up 100% in the last six months, and is expected to make another 100% increase shortly. According to him, the reason for the increase is Iran is buying all they can lay their hands on. He said he had a contract with a Russian company to supply him 7.62x39, but someone from Iran had offered the company twice what he was payiong, and offered to pay in gold. They cancelled their contrat with the US Company. Based on what he said, Iran is buy all that can make worldwide. He also said the increase in the price of copper has driven it up somewhat.
As he pointed out, this looks bad from two points of view. Not only are we going to experience a shortage of the ammo, but it also looks like Iran may be gearing up for war. You may want to hold on to your 7.62x39, shortly it may be worth as much as gold.
