Correct answer? Neither.
Courtesy of Wretched Dog we have this link to Powder Valley from Rawles' survivalblog.com site:
At this time we are not taking any new backorders for primers that are not listed here. We currently have over 50 million primers on backorder. If you currently have a backorder in place your order will be processed as primers become available. Once we begin receiving more primers from the manufacturers and are able to begin filling current backorders we will update the website.
And Powder Valley is just one little company selling primers and other reloading components. The same folks who are writing blogs devoted to "535 Reasons Why David Rockefeller Hates You Personally" have been trying to convince people that the ammo shortage is the result of some sort of government conspiracy. On the other hand, the left-wing collectivists have been blaming "the NRA marketing campaign" both before and after the election that "Obama's gonna get yer guns."
Neither are correct. Market forces alone are responsible for this shortage. Both are selling the concept of a boogeyman for their own reasons, because their explanations fit into their preconceived notions. If we allow for the fact that
a. much of the demand is being created by newbies who never heard or read an NRA fundraising email or magazine ad, and
b. the repeated affirmations from manufacturers that they are doing the very best they can to keep up with demand (and why wouldn't they, it is how they make money after all?) then
c. the shortage must be the result of market forces alone. So what started the ball rolling?
Obama's election certainly got it going, and his anti-gun history and the awful appointments of hoplophobes to his cabinet didn't help. But there is something more existential going on here beyond "get them while you can."
Obama's policies -- the implications of ALL of his policies -- are what has extended this rush into corners of the country and populations of the citizenry where it has never before touched. Increase in crime because of economic dislocation, hyperinflation devaluing currency making real property the only safe store of value -- that is why this rush has made the Clinton rush look like nothing much at all.
I was taught in Econ 101 at Franklin University in Columbus, Ohio by a magnificent professor of Lebanese-Christian descent named William Jennings Bryan, Jr. (his daddy had enthusiastically embraced all things American along with his citizenship) that except in matters of love and sex, all economic transactions are rational. That is, no matter what the price agreed upon is, it is -- at that time -- worth what the buyer pays for it.
So, you can either buy now, or buy later, but eventually you must buy for whatever ammunition you have now is only good for one shot per round. You may reload it, of course, but that is another round. No conspiracy is involved, only buyers, sellers and objective conditions responsible for demand. The Elmer Fudds may decry our "panic buying" interfering with their deer hunting, or the police departments may complain about the shortage of training ammunition, but this does not mean people who stock up are stupid.
Is it so stupid to buy ammo NOW with depreciating currency, when later it may have to bartered for with other real property, or worse, paid for in blood?
So buy what you can, put it on backorder if you must, but get in line NOW. The fact is that this is probably a game of societal musical chairs and you don't want to caught unprepared when the music finally, irrevocably, stops.