Courtesy Dean Weingarten Posted on 11/10/2020 4:20:41 AM PST by marktwain
During October of 2020 National Instant background Check System (NICS) numbers of checks and numbers of gun sales set new records for the month. The number of checks was 3.3 million. The calculated number of gun sales was more than 1.74 million. The previous record for checks in October was last year, with over 2.39 million checks.
About half of the background checks done in the NICS system are now done for carry permits or carry permit rechecks.
The previous record for gun sales in October was in 2016, with over 1.32 million gun sales.
In October 2019, the number of gun sales was 1.06 million. The October 2020 number is 1.64 times the number sold in October 2019. This is in line with the trend for 2020, which is about 1.7 times that of 2019.Courtesy Dean Weingarten
1.74 million guns sold in October of 2020 brings the total sold in 2020 to about 16.84 million in 2020. To break past 20 million for the year, 3.16 million will need to be sold in November and December, or about 1.58 million per month. Those numbers can easily be achieved. November and December are traditionally high months for gun sales.
2020 is not a traditional year. Politics and the fear of unrest, of police ordered to stand down in many Democrat cities and states, of a push to ban the most effective defensive tools such as semi-automatic rifles and pistols, have pushed gun sales to all-time records.
The election did nothing to alleviate the apprehensions which have lead to record gun sales in 2020. Former Vice-President Biden has repeatedly called for mandated turn-ins or registration of the most popular rifles in the country. His running-mate, Senator Kamala Harris, former Attorney General of California, has a long history
8 million of the buyers are new gun owners.
The Number of First Time Gun Owners is the only Poll that is never wrong.
You cannot find 12 gauge double ought for love nor money.
and people are whizzed off everywhere.
https://www.facebook.com/1522590119/videos/pcb.10217839188641046/10217839129999580/
BREAKING NEWS ... White Supremacists building large in-home arsenals.
I am past rifles. I’ve moved on to mortars and light artillery.
I doubt these guns are being purchased with the intention of surrendering them on demand.
I bought a handgun last Saturday. It isn’t my first, and won’t be my last.I view my purchases as investments for when the prices will go up (even more). After filling out the 4473 it was transmitted to NICS for approval. It took 31 seconds for approval.
This is anecdotal evidence that NICS is being overwhelmed, as in the past, my approval time was 8 seconds.
As for the “investment” quality of firearms, the value of my handguns have gone up 65-80% over the last two years. It is better than gold or technology stocks during that time. My long guns have gone up around 150-200%. But, maybe I was dreaming about all of this? Do I really have firearms that weren’t lost in the flood? Who knows?
Gwjack
Easier to read image.
“You cannot find 12 gauge double ought for love nor money.”
I have never seen a run on ammo so bad that you can’t get 12 gauge double ought. Shotshells are one of the last things to get cleaned out.
You can’t even get high velocity lead waterfowl / turkey loads. The only thing I’ve seen on the shelf is steel shot, and I figure that’ll get cleaned out once hunting season hits full swing.
Even the 7.62x39 is gone. All that’s left is some of the greater than $2 / round 308 target ammo. Powder and primers? Fuggedaboutit.
Based on those seeking LTCs here in Texas, a great many are mouthy Biden voters.
I was told to get to the shop before they open and get in line, and maybe something I like will come in. I can’t do that right now, so I am researching other brands that are not as popular. There are some good handguns out there that will get the job done, but don’t have name recognition.
I have heard a lot sales are getting delays, not necessarily because the researchers have to keep looking up info on people, but that they are so overwhelmed checks are basically going into “que” so to speak.
I bought a Ruger GP100 in the early 90’s for $329. Same revolver retails now for maybe $700.
I understand your plight. There are many fine firearms on the shelves, but few that will “explode” in value. The names of Glock, SigSauer, Smith & Wesson, Sturm and Ruger, and Springfield have quite a bit of value because of name.
I am still looking for a CZ- Scorpion EVO 1, but can’t find any in stock anywhere. There are only a few imported every month, since they come from Czechoslovakia. The shelf life for a Glock of any caliber is two hours.
I bought a Sprinfield XDM 9mm last Saturday at $70 off. I don’t like the full size 9mm, but the price was right. I’ve even been tempted to get a couple of revolvers as there are many available. I qualified for a couple of state’s CCWs with both a semiautomatic and revolver. But, when carrying, I tend to be aware of the total amount of lead I can “throw” at the target.
Congrats on your splendid purchase. Keep holding it as it will continue to appreciate.
Gwjack
I’d love to see some industry estimates on ammunition sales. Those numbers must be absolutely astronomical.
Mrs. L used to ask me why I was buying so many reloading components and so much powder. I had to reinforce the shelves holding the bullets a while back. “Don’t you think we have enough?”
I told her we’d use it eventually.
I’m considering running off a couple thousand 5.56 rounds just to sell them. I could do that and still have 5 or 6 thousand left. If I were really smart I’d have laid in enough to make 10,000 rounds of 9mm even though we don’t own anything in that caliber.
.308 match ammo is going for $2.00 a round! I can make it for way less than half that.
Hmmmm....
L
....try finding ammo....and as far as investments go, I have gotten quite a number of relic handguns over the years...had the chance to get a Russian Nagant revolver, circa 1944, at a gun show a few years back...$150 and no one wanted it. Today, that same gun goes for $500 or more...and they are almost impossible to find.....
Yes, ammo is at a shortage. I am fortunate that a few years ago I went through an ammo binge. My son says I have enough to start a war - I tell him I have enough to finish a couple of wars.
I have enough squirreled away that I felt that I should let the fire department know where in my house/property it is located so they will know what area should be doused first if I have a fire. It gives me a feeling of safety and security when a few police officers contact me for ammo needed by their family.
I have a nephew (retired Army Ranger) that is starting a monthly subscription ammo business. He has been arranging the machines, components, and licenses for a few months.
Ammo is the new currency; it has more value than coins or bills.
Gwjack
Five billion rounds a year are .22 rimfire.
How many centerfire rounds are produced a year are not clear.
It seems about twice as much money is spent on centerfire as on rimfire ammunition.
Centerfire ammunition costs about 10 times as much per round as .22 rimfire.
That would indicate 20% as many centerfire rounds are produced as rimfire.
So, that would indicate an annual production of about 6 billion rounds per year of small arms ammunition.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.