WASHINGTON D.C. – This year the US has seen record high numbers for firearm and ammunition purchases. One company that’s doing especially well is Smith & Wesson whose stock is up over 130%.
A stock market analysis site, MarketWatch, reported that, as of early Sunday morning, Smith & Weston’s stock was up 134.09% for the year. However, this isn’t the only gun manufacturer to see a surge in profit for the year.
As of Sunday morning Sturm Ruger & Co saw a large raise in stock value as well with the company’s stock increasing by 41.46% for the year.
These figures show a large increase in gun ownership for the year 2020. The FBI has also corroborated this with statistics on background checks. The FBI’s National Instant Criminal Background Checks System (NCIS) has been reporting the number of background checks processed since 1998. This year, the NCIS Firearm Check’s data shows record breaking levels of NCIS checks.
In January of this year there were 2,702,702 reported background checks compared to the month of January in 2019 which saw 2,165,096 searches. The trend of increased background checks has continued throughout the year with each month topping prior years by tens of thousands of checks.
In 2019 the months January through September saw an overall 28,369,750 background checks, but 2020 has shattered that record by almost 500,000. Thus far there have been 28,826,449 NICS checks in 2020, and the rest of the year is set to have continued highs in background searches.
To go along with the rapid rise in gun sales, manufacturers have also seen a rise in ammunition sales. In August Breitbart News reported that there has been a 139% increase in ammunition sales in the first six months of 2020. This number is also set to continue increasing for the rest of 2020.
Ammo Sales SURGE 139%
That's a lot of freedom seeds.🇺🇸
— NRA (@NRA) September 21, 2020
Now, you might be asking yourself “who’s buying all of these new firearms?” Well, according to The Firearm Industry Trade Association (NSSF), the demographic with the largest increase comes from black Americans.
The NSSF Director of Research and Market Development Jim Curcuruto explained the overall demographic breakdown of gun sales in 2020:
“During the first half of 2020, retailers noted that the overall makeup of their customers consisted of 55.8 percent white males, 16.6 percent white females, 9.3 percent Black males, 5.4 percent Black females, 6.9 percent Hispanic males, 2.2 percent Hispanic females, 3.1 percent Asian males and 0.7 percent Asian females.”
The director then reported that black Americans constitute the demographic with the largest increase in ownership:
“The highest overall firearm sales increase comes from Black men and women, who show a 58.2% increase in purchases during the first six months of 2020 versus the same period last year.”
Curcuruto also highlighted that the US has never seen such a large sustained increase in firearm sales:
“Bottom line is that there has never been a sustained surge in firearm sales quite like what we are in the midst of.”
National African American Gun Association founder Philip Smith spoke about the increase in black gun ownership. Smith indicated that the rise in ownership is due to a lack of safety. The founder claims that black communities are no longer hoping for anyone to step in and provide safety, instead, “we’re gonna save ourselves.”
Politico reported Smith‘s full statement which reads:
“The days are over of African Americans sitting around singing Kumbaya and hoping and praying that somebody will come and save them. We’re gonna save ourselves. And any politician that wants our vote moving forward, they better be on the side of our thinking otherwise, you’re not gonna get our vote. We’re not gonna be sheep anymore.”
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President Trump: “I’ll sign national reciprocity for gun owners if it reaches my desk”
WASHINGTON, D.C. – For many years, those who have a concealed weapons permit have wondered why, after getting a permit in their state, they cannot carry in other states. It is something that does not seem to make sense.
However, many states fail to recognize what has been done to obtain that permit, and those with legally obtained carry permits are unable to carry across state lines.
Now, President Donald Trump has promised to sign a bill into law which would allow those with carry permits in one state to carry into others, providing such a bill is ever presented to him.
During a recent interview with the NRA’s 1st Freedom, the President was asked if he would ever consider signing such a bill if it ever reached his desk.
— Extremely Stable Genius Deplorable (@ScherbStephen) October 16, 2020
“Mr. President, each state’s driver’s license is honored across this great nation, yet a permit to carry a concealed gun – which in contrast, is a right specifically protected in the U.S. Bill of Rights – is often not respected by other states.
Will you support a national reciprocity act so that law-abiding gun owners can more easily travel with their freedom?”
President Trump responded that he would allow concealed weapons permit holders to cross state lines with the same privileges they enjoy in their home state.
He then said:
“I will support such legislation. If it comes across my desk, I will sign it.”
The President, when he was a candidate in 2015, had expressed support for such a law. In 2015, Breitbart News reported that President Trump had taken a similar stance while running for the Republican nomination.
“The right of self-defense doesn’t stop at the end of your driveway. That’s why I have a concealed carry permit and why tens of millions of Americans do too. That permit should be valid in all 50 states.”
The President added:
“A driver’s license works in every state, so it’s common sense that a concealed carry permit should work in every state. If we can do that for driving – which is a privilege, not a right – then surely we can do that for concealed carry, which is a right, not a privilege.”
Just like your Driver's License
2nd Amendment Concealed Carry, NO gun free zones…
During an interview with the NRA’s 1st Freedom, President Donald Trump said he would sign national reciprocity legislation for concealed carry if it reaches his desk pic.twitter.com/eYxw1P2pGI
— Gerald w perttula (@PerttulaZULUX) October 16, 2020
Now President Trump, also said when he was running for the nomination:
“Opponents of gun rights try to come up with scary sounding phrases like “assault weapons,” “military-style weapons” and “high capacity magazines” to confuse people. What they’re really talking about are popular semi-automatic rifles and standard magazines that are owned by tens of millions of Americans. Law-abiding people should be allowed to own the firearm of their choice.”
President Trump also spoke about the need for harsh penalties for those people who commit crimes, and a real commitment from law enforcement in enforcing those penalties.
“Several years ago there was a tremendous program in Richmond, Virginia called Project Exile. It said that if a violent felon uses a gun to commit a crime, you will be prosecuted in federal court and go to prison for five years – no parole or early release.
“Obama’s former Attorney General, Eric Holder, called that a “cookie cutter” program. That’s ridiculous. I call that program a success.
“Murderers committed with guns in Richmond decreased by over 60% when Project Exile was in place – in the first two years of the program alone, 350 armed felons were taken off the street.”
The issue is not really whether or not our current President supports the idea, it is really if congress could muster enough support to pass legislation that would eventually make its way to the President’s desk. Passage of such a bill is not likely without overwhelming bi-partisan support given the current climate of anti-gun democrats.
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