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Gun Demand Drives Investors Into Market
(AP) -- The rising demand in guns after recent acts of violence and talk of stricter laws has gotten the attention of investors looking to buy weapons and make a profit.
The Houston Chronicle reports that several people are buying assault rifles and ammunition as investments.
Houston attorney Al Van Huff tells the newspaper that he bought several M4 carbine rifles at what he described as "market price." He says if an assault-weapon ban passes, the guns would "at least double in value right away."
Corpus Christi engineer Lee Brandon sold an AR-15 rifle last year to fund his trip to the state Republican Party convention. He's now trying to buy another rifle, though it's on back order and isn't expected to arrive until July.
(Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Gun Demand Drives Investors Into Market
(AP) -- The rising demand in guns after recent acts of violence and talk of stricter laws has gotten the attention of investors looking to buy weapons and make a profit.
The Houston Chronicle reports that several people are buying assault rifles and ammunition as investments.
Houston attorney Al Van Huff tells the newspaper that he bought several M4 carbine rifles at what he described as "market price." He says if an assault-weapon ban passes, the guns would "at least double in value right away."
Corpus Christi engineer Lee Brandon sold an AR-15 rifle last year to fund his trip to the state Republican Party convention. He's now trying to buy another rifle, though it's on back order and isn't expected to arrive until July.
(Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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