I agree. When hard times come around, there is always some complex analysis about why gold is not up. However, hard times are not supposed to be that complicated. The value of guns and ammo always goes up during hard times. That's nice, simple and easy for everybody to understand.

I'll go further to say that ammo will be so valuable in REALLY bad times that the government would probably seek to confiscate private ownership of ammo if there is a dangerous shortage. Don't laugh. Recall that, in 1933, FDR confiscated private ownership of gold because of a so-called national banking emergency.