I believe so....my son has a friend that bought some kind of AR(I choose to call them DR's defensive rifle)....no ammo....so he makes contact with my son, knowing I have ammo....and tried to get my son to get ammo from me.....didn't work....all I have he will get....he didn't want to give up his ammo....ha ha....then an acquaintance of mine texts me a shot of a drum full of 9mm...along with boxes of the same, stacked next to the drum....thousands of rounds....he says "I thought you said 9mm was impossible to find" when I asked the price....it worked out to $.92 a round....he had no idea, and therefore no reference point, and was happy to buy....when I reported to him the pre COVID prices, for that ammo would have been $.15 to $.17 a round he understood....so the answer is yes, they are buying...long way around to get to the answer...sorry
Had to be this