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November 12, 2009
The Industry Revolution - 7
by John Haughey
Americans Buying Bullets Faster Than They Can Be Made According to the Nov. 2 Washington Post, the only thing faster than a speeding bullet is bullet sales. The Post says a record-breaking amount of cash has been spent this year to purchase 12 billion rounds of ammunition -- or, 38 bullets for every American. Sales in a normal year would be about 7 billion bullets. The sales boom, which has exceeded bullet-makers capacity to produce the product, began just before the election of President Obama, according to the Post. Industry experts say gun sales traditionally increase with a Democratic administration but they say the Obama spike is on a whole different scale, with 2009 expected to be a record sales year. While some gun rights groups are suspicious of a Democrat in the White House, an administration spokesman told the Post, "The President respects and supports the Second Amendment and the tradition of gun ownership in this country." NRA Executve Vice President Wayne LaPierre offered a different explaination: "I think it's Katrina. I think it's terrorism. I think it's crime. I also think it's people worrying about (if) they'll be attacked by politicians. They're suspicious -- and justifiably so." For more, go to: http://mystateline.com/content/fulltext/?cid=112591 Also: -- Gun culture: Residents load up on permits; http://www.thestate.com/154/story/1007203.html?storylink=omni_popular -- Locked and loaded: Area gun manufacturers and retailers catching up with demand; http://www.muscatinejournal.com/articles/2009/10/31/news/doc4aebce34db061444499654.txt Meanwhile, Joe Weisenthal writes on Oct. 29 on businenessinsider.com that firearm sales "are totally falling off a cliff." He writes that according to "recent numbers" from Ruger, there appears to be "a slight sequential dip." "But," Weisenthal writes, "ignore that. The number to look at is orders received in 3Q, which were down 80 percent. Due to their backlog, actual firearms sales only dipped a little, but they've only got a few quarters of that left, and then that's finished. The bubble is popped." For more, go to: http://www.businessinsider.com/yep-gun-sales-have-fallen-off-a-cliff-2009-10 |
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Comments (7)
this must be why ammo is scarce this year for us north of the border Canadians....I havent been able to hunt much this season, but the little smallgame hunting I did do,I had a tough to find some usually abundant shotgun ammo for(particularly the 16ga).
Findin ammo has been hard here last 2 yrs. I've been buyin my hunting ammo as I find it. As well as plinking ammo.
If it's on saleany rebates then it's off the shelf (sold out) before you can get there.
As long as it keeps American employed and the rounds made here stimulating the economy I'm all for it.
Ammo is still in short supply here in South Florida--especially handgun ammo. There's more on the shelves now but you can't always get what you want--I can find .308 but not the Winchester Ballistic Silvertip that I like. If you shop around you can find something in most calibers, but .380 is an exception--it's very hard to find.
When I said "now" above, I meant compared to a few months ago.
its still hard to get certain ammo and its still high.about the politicians well you just cant trust any of them!
Armed America is preparing itself. Tyrants and despots beware.
the politicians should take this into consideration if they decide to send their gun grabbers out to our homes. load up!
Post a Comment (200 characters or less)
this must be why ammo is scarce this year for us north of the border Canadians....I havent been able to hunt much this season, but the little smallgame hunting I did do,I had a tough to find some usually abundant shotgun ammo for(particularly the 16ga).
Findin ammo has been hard here last 2 yrs. I've been buyin my hunting ammo as I find it. As well as plinking ammo.
If it's on saleany rebates then it's off the shelf (sold out) before you can get there.
As long as it keeps American employed and the rounds made here stimulating the economy I'm all for it.
Ammo is still in short supply here in South Florida--especially handgun ammo. There's more on the shelves now but you can't always get what you want--I can find .308 but not the Winchester Ballistic Silvertip that I like. If you shop around you can find something in most calibers, but .380 is an exception--it's very hard to find.
When I said "now" above, I meant compared to a few months ago.
its still hard to get certain ammo and its still high.about the politicians well you just cant trust any of them!
Armed America is preparing itself. Tyrants and despots beware.
the politicians should take this into consideration if they decide to send their gun grabbers out to our homes. load up!
Post a Comment (200 characters or less)