With the condition of the nation, I think it wise for everyone with a real strong interest in making molds to give it a whirl.
My simple suggestion for starters, based on 27 years of making a living cutting molds, by lathe boring, are:
Pick up RCBS or Saeco used blocks with small enough cavities to cut what you want, or even buy them new. they aren't expensive. It is far easier to tune them up than to make a complete set of blocks and sprue plate. Both are cast iron, and Saeco is the finest easiest to cut iron I've ever worked with. To make that statement REAL clear, it is the highest quality iron I've ever worked with anywhere, not just with mold blocks. (I prefer high quality aircraft aluminum for mold blocks, but for beginners iron will cut easiest, and even new mold costs, to get the blanks is the most ecconomical way to get started.)
The reason for recommending iron is that when cutting in a lathe it can be scraped slowly and very smoothly by feeding in slow, using NO cutting compound of any kind. Keep it dry and the chips will be fine dust only.
If one uses a boring bar with narrow flat faced cutting surface the least cutting pressure will be required. For example, put a bevel on the leading and trailing edges and maybe no more than a 1/32 flat on the tip. The leading bevel should be shallow, with a flat front to cut flatnoses. This one boring bar, with one setup, using a long travel dial indicator, can cut an entire flatnose mold suitable for handguns and larger bore rifles.
When boring, turn the boring bar to cut on the back side of the cavity, which will minimuze the tendency to chatter on infeed cuts, and make the mental work exactly like cutting outside, or normal turning. (Most machinest bore with the boring bar toward them, which increases chatter and demands thinking everything in reverse.)
The simplest way to hold the blocks for lathe boring is in a fixture, but a four jaw chuck will work fine. If you want to make a real quick and adaquate fixture to help setting the molds in squarely, machine up a flat plate with shoulder at the back to slide the blocks along, and glue this to one of the jaws with J-B weld epoxy. It won't be a permanent bond but will be strong enough that it won't come off if handled gently. To make that more clear, picture a flat piece of cold rolled bar stock, maybe 2 inches deep and viewed in the lathe, 1/2 inch thickness is enough and short enough that the mold cavities can be centered without an end holding jaw contacting the support piece. To make the shoulder, mill the piece 1/8 inch thinner with a surface wide enough to hold the blocks, leaving a shoulder at the back. Just be sure to grip only one half by three jaws, this by placing a small shim at each end so the teeth on one edge of the end clamping jaws grip just one block. Very little pressure is required, so tighten the jaws quite lightly, We can afford NO side pressure on the alignment pins, which should only be asked to locate the 'loose' block, which will be held in place with just one jaw. When you set up the mold blocks, align them with a dial indicator in the cavities.
To find correct diameter, make your cuts full length of the mold, being certain that you are at least .010 to .020 undersize. Remove the blocks and cast a bullet or three in the cold mold. The diameter you get while the mold is cold will be about .001 smaller than when the mold is hot if casting with tin lead or ww alloy, and .002 smaller if using lino. Commercial casting alloy will come somewhere between, but those are very precise measurements for sizing. Just add a little to be sure the sizer touches your bearing surfaces. Put the mold back in the lathe and open it up as required, going through the steps with your dial indicator. i.e. Say the flat cutting face of your boring bar is .030 wide and you want a bearing band of .1. Plunge the bar in very slowly to the diameter required, hand feed forward .070, back the bar off to yield the depth you want for the lube grooves, feed forward far enough to leave the desired lube groove width, feed in again for the next bearing band, etc,etc.
Cutting the ogive of a rifle bullet is best done with a drill shaped by hand to the form your want. Feed it in to the length you want to rough out the initial cavity, then do your bearing/lube groove bore, and bore ride nose or whatever. A taper from the bored area to ogive can be nicely done by setting the compound at a shallow angle, which will allow feeding the boring bar out to make a nice transition.
With a bit of care and a lot of time, planning on screwing up a few blocks while learning, it doesn't take a super machinest to make very accurate and servicable molds. This will scratch the itch to make your own, and perhaps keep the nation shooting if ammo gets scarce and moldmakers like me finally cave in a quit per government demands, or are killed. (I'm serious hear, my friends. That is my ONLY offence with Big brother, and their off the record stated purpose for attacking me. But they took on a pretty hard headed old goat that ain't gonna quit! Maybe stopped, but I'll never quit!) I wouldn't have wasted my precious time writing this to all of you if I didn't know what I'm saying to be true, in that it won't be long we'll be needing skills that aren't available now.