Gun Sales Finally Cool Under Trump Presidency as Remington Begins First Round of Layoffs
For gun owners, the Obama era will forever be remembered for sky-high gun prices and ammo shortages. It’ll be remembered for countless mass shootings that stoked fears of gun confiscations, and panicked gun purchases as people tried to get what they could before the government banned their favorite firearms.
But with a Republican in the Oval Office, it appears that gun sales are finally going to slow down for the first time since the early 2000’s. Despite the fact that there aren’t any recent statistics to back this up, we can safely assume that it’s true based on a recent action taken by Remington.
The gun manufacturing company revealed last week that they are going to lay off 120 workers from their Ilion plant, and 16 workers from their plant in Kentucky. According to Zerohedge and the Wall Street Journal, Remington isn’t alone. American Outdoor Brands, which used to be known as Smith & Wesson, is also losing sales. And this is a very recent trend. A month ago, the number of background checks for firearms was still breaking records.
So from a financial perspective, gun owners need to take note. If you paid top dollar for firearms under the Obama administration, for the sole purpose of stocking up on them, now may be a good time to sell a few of them before they rapidly depreciate.
Think of the glut of firearms that are now in circulation. Most of them owned by people who have over a dozen firearms, and could probably stand to lose a few. Now imagine what will happen if there’s another recession this year or the next. You combine that possibility with the fact that we now have a gun friendly president, and you can safely assume that people are going to be selling their firearms en masse in the near future, and gun prices are going to plummet.
On the other hand, there is one thing that could keep gun prices afloat. Under the Trump administration we’ve seen plenty of outrageous leftist protests that turned violent. If those protests continue to proliferate and grow more violent and destructive, then firearms will at least hold their value.
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Contributed by Daniel Lang of The Daily Sheeple.
Daniel Lang is a researcher and staff writer for The Daily Sheeple – Wake The Flock Up!
Source: http://www.thedailysheeple.com/gun-sales-finally-cool-under-trump-presidency-as-remington-begins-first-round-of-layoffs_032017
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