Walmart limiting ammunition purchases - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Walmart limiting ammunition purchases

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Elk Mound (WQOW)- Gun sales have been red hot since the talk of new legislation; so hot that some businesses are having a hard time keeping up.  In the past few days, the nation's largest retailer made a decision about how much ammunition can be bought.

Walmart shoppers will now be limited to three boxes of ammunition per day.

Tom Gilbert owns Gilbert Gun Exchange in Elk Mound.  He says ammo for all types of guns have been flying off the shelves.

"Anything that is a common caliber in your semi-auto rifles, your varmint hunting rifles, even 22 ammo has gotten hard to get," he explains.

Gilbert says he doesn't have a strict limit on how much ammo goes to each customer, but rations it off by availability.  Recently he's been limiting customers to 100 rounds per day.

"If I have 5,000 rounds of ammo and I let two guys buy 2,500 rounds, the next 100 people through the door don't get anything," he points out.

Gilbert says marksman shooters and hunters come in to his store all the time to buy ammunition.  But most purchases are being made by investors who believe prices will keep going up.

"These ammo cans are like bars of silver," Gilbert says.  "The volume of ammunition that was purchased in the last year was purchased more on an investment basis."

Gilbert says it is basic supply and demand.  Manufacturers are behind on producing a supply while demand continues to grow.

"Making ammunition requires raw materials.  It requires brass.  It requires copper.  It's very precision manufacturing," he explains.  "This isn't like making shower curtain rings."

Walmart released this statement: saying "They're trying to serve as many customers as possible and are in contact with suppliers and will look at purchase limits once the suppliers are in a better place."

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