Home 2020 Fear and Uncertainty Drive March Gun Sales to Record Highs

Fear and Uncertainty Drive March Gun Sales to Record Highs


US Faces Down Threat of Coronavirus

Americans face down the coronavirus, buy more than 2.5-M guns in March.

Gun sales spiked across the United States as the coronavirus pandemic spread, with retailers seeing the highest sales volume in recorded history.

The FBI’s firearm background check system conducted a record number of checks last month, 3.7-M, the most since the system was put in place in Y 1998.

This is a 41% increase from the same month last year, signaling an increase in gun sales due to the global coronavirus pandemic, as per the report.

During the 2016 Presidential election season, there was also an uptick of gun sales, perhaps anticipating a potential stiffening of gun laws if Hillary Clinton was elected.

One of the largest upticks in gun sales occurred December Y 2012 after Barack Hussein Obama’s re-election. Last month saw a 34% increase from that Y 2012 high.

Fear and uncertainty drives gun sales.

The #1 reason people buy and own guns is for personal protection, so when they are seeing everything in the news about things getting shut down, the virus spreading, well that brings on a lot of the uncertainty.

Ammunition sales have also recorded increase per the report.

Ammo.com recorded a 792% increase in revenue for a 39-days frame to 31 March, compared to the prior 39-days frame.

Many Americans are preparing for whatever may come, and chose to exercise their right to lawfully purchase a gun when their safety becomes more than a rhetorical question.

Have a healthy day, stay home!

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.