HOUSTON (January 27, 2013)--The rising demand for guns after recent acts of violence and talk of stricter gun laws has gotten the attention of investors who are looking to buy weapons and make a profit.
The Houston Chronicle reported that several people are buying assault rifles and ammunition as investments.
Houston attorney Al Van Huff told the newspaper that he bought several M4 carbine rifles at what he described as "market price."
He said if an assault-weapon ban passes, the guns would "at least double in value right away."
Corpus Christi engineer Lee Brandon sold an AR-15 rifle last year to fund his trip to the state Republican Party convention.
He's now trying to buy another rifle, although it's on back order and isn't expected to arrive until July.