Is it time to buy a gun?

For me, it’s time to buy a gun pretty much anytime I can afford another one. In fact, I’m shopping for a couple of them right now. I want a .22LR semiauto and a .22LR DA revolver for demonstration use in the NRA Basic Pistol course. Maybe more than one of each. And eventually, I’d like to get a 9mm SA that has an available .22LR conversion kit so that I can afford to practice more with it.

But lately, I’ve been getting news from some unusual sources about the increased interest of the general public in buying guns. Any time the government makes some obvious move to restrict gun ownership, gun sales soar. Clinton’s gun ‘ban’ did more to boost gun sales than just about anything else he could have done. And one of the side-effects of the last presidential election was a run on guns and ammo — starting about a month before election day. At that time, I also experienced a sizable jump in demand for my CHL classes. During the last week of December 2008, I had over 100 students, which caused a temporary crisis when I ran short of official certificates (that problem has been eliminated now). The demand for CHL classes and the shortage of ammo persisted for several months (and ammo is still more expensive than it was in 2008), although by last April, the CHL class demand had returned to a more manageable level, and I even had some classes that did not sell out.

The demand for CHL classes is once again growing dramatically. All of a sudden, I’m scrambling to make arrangements for larger classes, and having to turn away potential students because of schedule and range limitations. I’ve started bringing in another instructor to handle the renewal students, which means that I don’t have to turn away so many initial applicants. Yet, there hasn’t been any specific governmental action that I can readily identify as being a cause for this.

Tuesday, I got a financial newsletter with the title “It’s Time to Buy a Gun.” Interestingly, the author also could not point to a particular triggering event. Here is what he had to say:

“But good times for gunmakers are almost always temporary. The boost in sales caused by political uncertainty never lasts more than a few months. That’s a big reason why gunmaker stocks – despite achieving high double-digit sales growth – haven’t really participated in the market rally over the past year. Stocks in the sector trade, on average, for only seven times earnings and 0.7 times sales.

“However, there’s something different happening this time. In the 22 years I’ve known my wife, not once, ever, has she even considered owning a gun… until now.”

He went on to advise a covered-call strategy for a gunmaker stock. Since I didn’t pay any money, I don’t know which gunmaker he is recommending.

Since there doesn’t appear to be an overt gun-grab in progress, I’m guessing that this is a general reaction to the economy, and a suspicion that our government is lying to us about the health of the banking system. Idle chat with other CHL instructors has included phrases like “stocking up on water and canned goods — and ammo, so I can keep the water and canned goods.” I don’t really think that rioting in the streets is going to happen in the very near future, but I can certainly see that having an emergency stash of distilled water and canned food is relatively cheap insurance in any case, and it’s better to have and not need than to need and not have. So, yes, I have several weeks’ worth of distilled water and canned/dry foods in the pantry. I use distilled water on a regular basis for my heated humidifier on my CPAP, and I remember clearly back when some idiot government bureaucrat said that everybody needed to stock up on distilled water, plastic sheeting, and duct tape right away — and I was unable to buy distilled water for nearly a month after that.

That’s my guess, anyway.

If you think you have a better explanation, please enlighten me in the comments.

Related post: What Kind of Gun Should I Buy?