US gun sales shoot up in wake of Obama's election victory
Published 12/11/2012 | 05:00
Gun sales in America are soaring in the wake of President Barack Obama's re-election with weapons retailers reporting increased demand for AK-47s.
Owners are concerned about a potential tightening of regulations on assault weapons in Mr Obama's second term.
In October the number of background checks on people applying to buy guns, an indicator of future sales, increased by 18.4pc.
There was a similar jump when Mr Obama was first elected in 2008. A total of 12.7 million background checks were carried out, up from 11.2 million in 2007, and the number has been rising since then.
During the election campaign Mr Obama said in a presidential debate: "What I'm trying to do is to get a broader conversation about how we reduce violence generally. Part of it is seeing if we can get an assault weapons ban." (Daily Telegraph, London)