.458 SOCOM is only really viable if you handload.
My cost per round for 300gr Remington JHP is just under 50 cents, this includes brass (assuming a 10 shot average life span) using premium powder (RE7) and buying bullets by the box of 100. I am sure that loading for savings (cheaper bullets, powder, smaller charges, etc) will cut this significantly. This is as significant savings (from $1.30 to $2.00 or more) compared to "factory" loads from Cor Bon, SBR, or Ron Reed.
The same can be said for all centerfire ammunition, though, if you consider yourself a serious shooter you should be handloading; no matter how immense your budget.
Just this weekend I kicked out 100 rounds of 500gr Hornady RN (28gr RE15) and I am about to press another 100 rounds or 300gr JHP (44gr RE15).
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Whoops! I just realized that I haven't updated my profile since I was on contract in Riyadh...