MASON CITY, Iowa – If you’ve been out recently to buy a firearm, not sure of what this election may hold, you’re not the only one. And it’s not the first time gun shops have seen this type of activity.
“In 2013 there was a big scare and prices skyrocketed so people are preemptively buying while prices are still reasonable,” Hart Brothers manager Chad Colby said.
That trend is showing in the stock markets lately.
“Smith and Wesson has been a stock that’s been red hot,” Senior Vice President Investments at Raymond James Casey Martin said. “It’s kind of cooled off a little bit lately but no doubt, yes, they are very concerned about their gun rights.”
For other stocks it’s a waiting game to see who gets elected. However the markets depend on more than just who is president.
“A lot of it goes with who else gets in Congress along the way and what the make-up is of that,” Martin said. “So that’s going to be a lot that determines it, so I think it’s probably going to end up being rockier if Donald Drumpf gets in, but it’s still not going to be a smooth ride even if Hillary wins it.”
For those at Hart Brothers, they’re not surprised to see people jumping the gun when an election rolls around.
“Anytime there’s an election going on, anytime that there’s a threat to the gun community as far as ownership or something of that nature, or our rights in general, we definitely see an uptick in firearm sales,” Colby said.
Colby says it’s hard to tell exactly what percentage of the sales are because of the race for the White House because of their new store and preparation for hunting season, but says he’s had people tell him they’re buying because of the election.