Are ammo seller gouging or are the high prices just supply and demand

[Fine Figure of a Man]

Nope.
But if you discover a cure for cancer and it costs you $1 a dose and the single dose does the trick, yet you sell it for $20,000 a dose, yah, that's gouging.

After spending hundreds of millions on R&D on dozens of drugs that failed after years of clinical trials I have finally developed a miracle drug that will cure cancer. It will save millions from the misery of chemotherapy, not to mention spending their life savings with no guarantee of being cured. The burden on medical professionals will be greatly relieved, hospital beds available for the treatment of others.
Because I want $20,000 per pill I'm just a price gouger?

 

[George P]

Nope.
But if you discover a cure for cancer and it costs you $1 a dose and the single dose does the trick, yet you sell it for $20,000 a dose, yah, that's gouging.
I'm a pawnbroker and I can tell you this, no one really needs gold. it's pretty useless but for a few purposes other than jewelry and fancying up the look of something.

My simple definition of gouging is if Joe is selling a commodity that is needed for life or health and for temporary reasons (hurricane, tornado, tsunami, whatever) the availability of said commodity is nil, and Joe is selling it for way more than the going rate when times are normal, that's gouging. Now, if it's legal where Joe is doing so, I think the people in that area are going to remember Joe's taking advantage.

Raising prices on roses just before Valentine's Day isn't gouging, no one needs roses to survive.

Now bullets aren't much of a different story. I don't think anyone truly needs bullets in the quantities being purchased. Sure, buy a gun and a box of bullets or two. I don't think that we're likely to experience the level of civil unrest some are anticipating, but I do think it's a good idea for everyone to be prepared for bad guy encounters. And that includes spending some of those bullets at a range to get competent with the firearm.
Does the person need that box of ammo to live? Not if he's lucky enough to not become a statistic, and there's really only so much someone can gouge on a single box of ammo.

False, with governments printing worthless paper, the only true international currency is gold.

But if you discover a cure for cancer and it costs you $1 a dose and the single dose does the trick, yet you sell it for $20,000 a dose, yah, that's gouging.

Not hardly; it takes decades and MILLIONS of dollars to bring a drug to market with the current FDA

My simple definition of gouging is if Joe is selling a commodity that is needed for life or health and for temporary reasons (hurricane, tornado, tsunami, whatever) the availability of said commodity is nil, and Joe is selling it for way more than the going rate when times are normal, that's gouging.

No, it isn't gouging, even in a hurricane. Go back and watch that video I posted. When Joe raises his prices, only those who truly need it will buy it; with high prices and high profit potentials, more people will bring those products into the area, thus making more available to everyone and will thus reduce prices. basic ECON 101

 

[Hikingman]

I guess it is a matter of degree. Raise prices 20%, supply and demand. Double them, gouging.

Store them in a 90 deg. shed, garage, or attic for 5 years, and act as if they left the store recently? That's deception, and gouging if the seller does not disclose.

Reveal when they were purchased, and how they've been stored. We are talking about full market value, right?