Guns, Gold And Four More Years
November 12, 2012 by Sam Rolley
Most conservatives believe that the re-election of President Barack Obama is going to bring dire economic circumstances over the next four years, which could possibly drive the Nation into total collapse.
The belief is likely not far-fetched considering the current state of affairs in American economics as the United States hurls toward a “fiscal cliff” which will combine rising tax rates and government shutdowns, the government prepares to raise its debt limit again to the tune of $2.4 trillion and the number of Americans out of work continues to trend at dismal levels.
All of the ominous headlines about the shape of the overall economy are driving up some key markets, most of which pertain to businesses patronized by American preppers.
In the immediate aftermath of the election, it became clear that those investing in gold and other precious metals will likely enjoy a profitable four years, just as they did during the President’s first term.
“With the fiscal cliff approaching fast, an entire new group of investors will be pouring into the precious metals in anticipation of the grim fact that the U.S. is going to try and print itself out of debt,” said David Morgan, publisher of “The Morgan Report,” told Market Watch.
Another sector of the economy that is preforming well at the moment is the firearm industry as fears of an Obama gun ban encourage purchases of extra magazines, ammo and firearms.
After the election last week, Smith & Wesson’s stock rose 9.62 percent and Sturm Ruger & Co. was up 6.81 percent in last Wednesday’s trading.
“We expect that with President Obama’s reelection these sales could continue well into his second term,” Mike Greene, an analyst at Benchmark Co., wrote in a research note.
Second Amendment supporter fears are likely compounded by the fact that the National Rifle Association — despite having 22 of the politicians it supported elected and five it opposed not — lost out on several of the most important Senate races. This has drawn claims from some NRA detractors that the power of the gun lobby in Washington is waning.