Thursday, October 27, 2011
Americans may be fleeing from stocks in droves, but they sure aren’t shy about rotating the resulting meager liquidation proceeds into weaponry. According to Gallup, “Forty-seven percent of American adults currently report that they have a gun in their home or elsewhere on their property. This is up from 41% a year ago and is the highest Gallup has recorded since 1993, albeit marginally above the 44% and 45% highs seen during that period.” Considering the social situation “out there”, and the fact that the world is one badly phrased or translated headline away from a complete HFT-facilitated market collapse, this is hardly all that suprising.
The new result comes from Gallup’s Oct. 6-9 Crime poll, which also finds public support for personal gun rights at a high-water mark. Given this, the latest increase in self-reported gun ownership could reflect a change in Americans’ comfort with publicly stating that they have a gun as much as it reflects a real uptick in gun ownership.
Not surprisingly, republicans pack more heat than democrats. Perhaps it is best not to piss too many off…
Republicans (including independents who lean Republican) are more likely than Democrats (including Democratic leaners) to say they have a gun in their household: 55% to 40%. While sizable, this partisan gap is narrower than that seen in recent years, as Democrats’ self-reported gun ownership spiked to 40% this year.
Women are more armed than ever. Perhaps it is best not to piss too many off…
The percentage of women who report household gun ownership is also at a new high, now registering 43%
Southerners, yes shocking, are the best armed of all. Perhaps it is best not to piss too many off…
Gun ownership is more common in the South (54%) and Midwest (51%) than in the East (36%) or West (43%) — a finding typical of Gallup’s trends in gun ownership by region.
Gallup’s conclusion: “A clear societal change took place regarding gun ownership in the early 1990s, when the percentage of Americans saying there was a gun in their home or on their property dropped from the low to mid-50s into the low to mid-40s and remained at that level for the next 15 years. Whether this reflected a true decline in gun ownership or a cultural shift in Americans’ willingness to say they had guns is unclear. However, the new data suggest that attitudes may again be changing. At 47%, reported gun ownership is the highest it has been in nearly two decades — a finding that may be related to Americans’ dampened support for gun-control laws. However, to ensure that this year’s increase reflects a meaningful rebound in reported gun ownership, it will be important to see whether the uptick continues in future polling.”
Our conclusion: Buy gold. Buy guns. Buy ammo. Be prepared. It’s coming.