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America’s #1 Gun Salesman

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Originally posted June 6, 2016.

And the winner once again as America’s #1 gun salesman is: President Obama. I had the pleasure of speaking with a friend this week who owns a gun shop, which does custom work (a huge biz by the way), and also has a range on site. I wanted to get his take on Obama’s executive orders on gun control. I’ll sum it up like this: “Every time the President opens his mouth about gun control we see a huge spike in sales. Why would we want to stop our #1 salesman?” The Wall Street Journal writes:

Every President struggles to stay politically relevant in his final year in office, but someone should warn President Obama not to become a caricature of a lame duck. The main result of the new federal gun-control decree he announced Tuesday will be the sale of tens of thousands of guns to Americans who worry that the government might soon block any new purchases. No American leader has done more for gun sales since King George III.

The heart of Mr. Obama’s 56-page executive order is a requirement for the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) to tighten regulation on individuals “engaged in the business of selling firearms.” This is supposed to slay what gun controllers deceptively call the “gun show loophole.”

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.