Richardcyoung.com

The Online Home of Author and Investor, Dick Young

Food Riots in Cuba

By

Originally posted April 16, 2013.

I read about Cuba’s 1995 food riots last week, when I was studying techniques for food storage and preservation. They were a good illustration that you don’t necessarily have to be out of food to have a riot. It’s the panic that breaks the bank, or the nuts on The Weather Channel with a knack for stirring panic before the storm. Shortages are often man-made.

That’s part of the story with the ammo shortage. Manufacturers are making ammo. But government buying has created a panic and a cottage industry in private ammo sales.

I’ve been spending some time scouring ammo price trends at auction sites to get a feel for the market. There’s ammo out there. It’s just not at Walmart.

I won some auctions this week for .22 LR on Gunbroker.com for a total of 3,150 rounds at an average price I’m comfortable with. Dollar cost averaging isn’t only for mutual fund investing. Over time, at the very least, I’ll know whether I’ve got a good deal and should buy more or should wait on the bigger purchases.

My advice to you is to go to the auction sites to learn the market for your desired caliber. You don’t have to buy. But you’ll know the market.

I’m doing my buying with an email address from Yahoo!, and I like using PayPal to keep any account information private. Before you bid, know what methods of payment the seller will accept. With PayPal there’s a premium, but that’s a cost for convenience and security that I’m OK with.

I was learning rifle techniques one night last week at the indoor range. My colleague slid me some of his .22 LR to use. I noticed the price tag was $8 for 100 rounds, or $0.08 a round. Talk about a great investment. I paid twice that last week.

Good investments come in all shapes and sizes. Study this market, and you’ll know a good deal when you see one.

The following two tabs change content below.

E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.

Latest posts by E.J. Smith - Your Survival Guy (see all)