DE­CLINE OF THE POUND

Mike George chooses three guns to con­sider be­fore a pos­si­ble rise in gun prices

Sporting Gun - - CONTENTS -

Mike George looks at three guns to con­sider be­fore a pos­si­ble rise in prices.

If I was think­ing of buy­ing a new gun I would be tempted to do it right now, as prices could well go up quite steeply in the not-too-dis­tant future. It’s be­cause of the de­cline in value of Ster­ling, which is bound to af­fect all im­ports soon.

At the time of writ­ing, £1 was worth only 1.2 Eu­ros, and there was talk of fur­ther falls. The fall against most other world cur­ren­cies, in­clud­ing the US Dol­lar, was nearly as bad. So why have gun prices not al­ready gone up?

There are two likely an­swers. The first is that the new guns in the shops were most likely im­ported much ear­lier in 2016, be­fore the Brexit scare hit the

“If I was think­ing of buy­ing a new gun, I would be tempted to do it right now”

Pound on world cur­rency mar­kets.

The sec­ond is that wise im­porters of all items from luxury cars to baked beans tend to buy their for­eign cur­rency in ad­vance, at times of favourable ex­change rates. But ex­ist­ing stocks of guns, and hold­ings of for­eign cur­rency, will even­tu­ally run out – and could do so be­fore the Pound re­cov­ers.

Even­tu­ally, a rise in new gun prices could be re­flected on the sec­ond-hand mar­ket. I’m not say­ing it will, but it might – so here are three guns to con­sider, ei­ther new or sec­ond-hand.

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