Remember when I posted that guns were a better investment than gold? Well, it’s still true. Gold is up about 113% (based on spot price) since Obama took office. With Obama making noise about “gun control”, I expect those gun manufacturer stocks will continue to rise.
Since President Barack Obama took the oath of office on January 20, 2009, the share price of firearms manufacturer Sturm, Ruger & Company has increased more than 700 percent.
At the close of business on the day of Obama’s inauguration, the price of Ruger stock (Ticker: RGR) was $5.48 per share. At the end of the trading day on December 17, 2012, the price of the stock closed at $44.00 per share; an increase of 703 percent in less than four years.
But, Ruger isn’t the only gun manufacturer that has seen an explosion in its stock value. Smith & Wesson shares (Ticker: SWHC) have increased 253 percent since Obama moved into the White House.
The price of SWHC was $2.45 per share when Obama was sworn in; it closed at $8.65 per share today, December 17, 2012.
When measuring the performance of Ruger’s shares to that of the S&P 500, a stock market index based on the share prices of 500 publicly traded companies, the gains made by the firearms manufacturer are astounding.