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Retailers: AK-47s 'selling like hotcakes'
Posted By -NO AUTHOR- On 11/12/2012 @ 9:54 am In Front Page,Money,U.S. | No Comments
(LONDON TELEGRAPH) 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.
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