That would be the "conventional wisdom".
However, someone posted a tale here a little while back about finding 60-or-so linked rounds of .30-06 ammo in the California desert in the 1970s, in the area of one of George Patton's training grounds.
That suggested it had been out there baking in the Sonora/Mojave desert sun for thirty-or-so years.
He said that after cleaning it up, it shot just fine.
Hard to tell what the real rules are.
Except for "stay the heck away from that 1960s POF MkVII stuff".