Lead is the New Gold

"Used to be gold, but now lead is the most expensive metal," said Donald Richards, 37, who was stocking up at the Jefferson store. "And worth every penny."

Michael Mayer explaining different types of Ammo

Ever since Obama has become our president, and even while he was running, people who use guns for a variety of reasons have been stocking up their ammo. Hunters and those who shoot at shooting ranges are worried that the democratic president will pass gun legislation prohibiting the sale of ammo and guns to civilians, although they have little reason for this. Obama has proposed nothing specific with the intention of banning guns. In fact, he signed a legislation recently allowing the possession of loaded guns in state parks.
The same thing happened when Clinton was elected, everyone thought their guns would be outlawed so they stocked up. As a result of this, there is a massive shortage of bullets, with manufacturers working overtime and still being far behind the demand. As the article says, "With demand, prices have also risen.". Of course anyone who knows even the most basic principals of economics would know that with demand, prices will rise. So there has been some ammo rationing- "Demand has been so heavy at some Walmarts, a limit was imposed on the amount of ammo customers can buy. The cutoff varies according to caliber and store location, but sometimes as little as one box — or 50 bullets — is allowed.".
I suppose the real question is, why are people assuming that gun control is going to be so strict when Obama has proposed no policies whatsoever. I guess no body can know at this point. Maybe in a year and 6 months guns will be outlawed for civilians, but I highly doubt it. People are just afraid that they won't be able to shoot things anymore. It is very strange to me that people jump to conclusions.
Personally I think more strict gun control would be beneficial, because it seems like it would probably be very easy for anyone to own one with the right connections.
When people realize that their stocking up is in vain, that is if Obama never cracks down on gun control, then we will have more bullets that we can use. As long as Americans are willing to cough up the big bucks just to go out shooting targets every weekend, they will keep producing and working 24 hour shifts.