Sturm Ruger

The re-election of Barack Obama has seen gun sales soar. I hope the investor who asked me for advice listened to me and bought up large before the election.

Gun sales in America are soaring in the wake of President Barack Obama’s re-election with weapons retailers reporting AK-47s flying off shelves “like hotcakes.”

Owners of guns have been stocking up because they are concerned about a potential tightening of regulations on assault weapons in the president’s second term.

In October the number of background checks on people applying to buy guns, an indicator of future sales, increased by 18.4 per cent.

There was a similar jump when President Obama was first elected in 2008. A total of 12.7 million background checks were carried out that year, up from 11.2 million the year before, and the number has been rising since then.

Shares in weapons manufacturers like Smith & Wesson and Sturm, Ruger also surged after Mr Obama’s re-election.

Those are the companies I advised him to buy into.

This article explains how much better off you would be if you had invested in Sturm, Ruger & Co compared to gold.

In the time since he took office, gun sales have soared. The government doesn’t track individual sales. But the FBI criminal background check required to purchase a gun is considered a reasonable proxy, and these have hit record numbers each year Obama has been in office. This year, they’re on track to surpass 15 million for the first time.

Ruger has done especially well. Since Obama’s inauguration the company’s stock price has risen more than 400 percent, making it a better investment than gold, which is up 113 percent. “They’ve been outstanding in offering new products, especially in the concealable handgun segment,” says Jim Barrett, an analyst at CL King who tracks the gun industry and rates the company a “strong buy.”

It also highlights why you would be better off voting for Obama to protect your investment. A Republican president would harm gun sales.