Barely a week after President Obama proposed a new set of gun control regulations, gun sales have reportedly soared in Maryland and South Carolina, and firearm prices began to climb steeply.
“Everybody is panicking. Every day has been absolutely crazy for the last three weeks,” Henry Calvert, president of Calvert Firearms, Inc. in North East, Maryland, told Cecil Daily. “It’s a bear market. Everyone is purchasing everything that comes in.”
According to gun shop owners in Maryland, the strong gun sales started in October as discussions of new gun control regulations intensified during the presidential debates, followed by the Sandy Hook Elementary shooting in Connecticut in December. The increase continued into January and they are expecting firearm sales to go up as lawmakers debate new gun control measures which include universal background checks for gun purchases.
From Nov. to Dec. 2012, the FBI National Instant Criminal Background Check System processed more than 36,000 background checks for gun purchases in Maryland. The number is significantly higher compared to the 24,376 background checks processed in Nov. to Dec. 2011 for gun purchases in the state.
In South Carolina, residents have resorted into “panic buying” for fear of the impact of Obama’s gun control proposals.
“It’s not about the shootings though,” Brad Reece, co-owner of James Firearms in Greer, told Patch. “It’s about the threat of gun control. People are scared they won’t be able to buy things later. We have also seen a huge increase in CWP (concealed weapons permit) class attendance.”