Post-Election Gun and Ammo Sales

Posted: November 15, 2012 by ShortTimer in 2012 Campaign, Barack Obama, free markets, Government, Guns

May as well finish this title with “part 1 of many”, but it’s interesting to see how panic/prep buying has showed up in the last week.

From ZeroHedge:

 

This isn’t really a surprise, especially after Obama saying he wanted a new scary-looking gun ban during the second debate with Mitt Romney.

Anecdotally, sales were skyrocketing.  Across the internet, different gun boards and forums were reporting massive sales from different distributors the day of the election and the morning after.  The reason things aren’t as bad as 2008 is that the gun and ammo industry in the last four years has been massively expanding its production.  Supply is way up.  Years have been “good” for them based on fears of government crackdowns on citizen freedom, as well as actually good from expansions of shooting sports and expansions of self-defense interests by a broader customer base, as well as the return of US troops from combat zones, many of whom would like to have their old rifle back (or as close as they can get to it).  There are a myriad of new folks interested in guns, especially women (there are even gun stores for women now, which was something I’d been thinking of doing for years… but it’s actually kinda cool to be beat to that punch).

Now that we have a lame-duck president who’s anti-gun, he really has few obstacles to restrictions.  Congress might be a roadblock, but as we’ve seen with regulations and agencies that exist outside of congress’ control, there are plenty of ways he or his minions who share the same anti-rights fervor can start restricting the citizen’s ability to defend themselves against all enemies, foreign and domestic.

Folks are taking the Brain Gremlin’s investment advice seriously.

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