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Banned by U.S. Sanctions, AK-47s Are Going, Going … Gone

AK-47
AK-47Photograph by Lodewijk Duijvesteijn/Gallery Stock

Last week I wrote about how the U.S. may have hit “peak gun”. After years of steadily increasing under President Obama, gun sales have recently plunged, along with the stock prices of the two publicly traded American gun manufacturers, Sturm Ruger and Smith & Wesson. Here’s a chart illustrating the trend:

Bloomberg