If you’ve been around this space for a while, you’ve heard it before:
“We’re not coming for your guns.”
According to William Kirk, Rhode Island might be proving exactly why a lot of gun owners never bought that line in the first place.
In a recent breakdown, Kirk points to a new bill—H. 8073—that could dramatically change the state’s existing “assault weapon” law with just one added word.
And that word? “Possess.” That might sound small, but the impact is anything but.
When Rhode Island passed its original ban back in 2025, lawmakers emphasized that it only applied to the sale, transfer, and manufacture of certain firearms. Existing owners were told they could keep what they already had.
No confiscation. No forced turn-ins. Fast forward to now.
If this new bill passes, it would make it illegal not just to sell or transfer those firearms but to possess them at all moving forward. And it doesn’t stop there.
The proposal also sets a deadline, meaning otherwise lawful gun owners would be required to get rid of their firearms, either by selling them out of state or transferring them through legal channels.
No compensation required. Just a clock. And if someone decides not to comply? Kirk points out the penalties could be severe: up to 10 years in prison and a $10,000 fine for violations.
That raises the obvious question: What happens if people don’t give them up? The bill itself doesn’t spell it out. But as Kirk notes, once possession is banned, enforcement becomes the next issue and that’s where things could get messy.
This isn’t law yet. The bill is still moving through the legislative process, with hearings underway.
But the bigger takeaway, according to Kirk, isn’t just Rhode Island. It’s the pattern. Start with banning sales. Promise existing owners they’re safe. Then come back later and change the rules.
“All it takes is one word,” Kirk explains and suddenly everything looks very different.
For now, Rhode Island gun owners still have time to weigh in.
But if this moves forward, it could turn what was once framed as a limited restriction into something much broader and much more serious.
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30 Comments
Silver leverage is strong here; beta cuts both ways though.
Good point. Watching costs and grades closely.
If AISC keeps dropping, this becomes investable for me.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
Uranium names keep pushing higher—supply still tight into 2026.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
If AISC keeps dropping, this becomes investable for me.
Uranium names keep pushing higher—supply still tight into 2026.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
If AISC keeps dropping, this becomes investable for me.
If AISC keeps dropping, this becomes investable for me.
Good point. Watching costs and grades closely.
Uranium names keep pushing higher—supply still tight into 2026.
Interesting update on Rhode Island Confiscating Guns?. Curious how the grades will trend next quarter.
Good point. Watching costs and grades closely.
Interesting update on Rhode Island Confiscating Guns?. Curious how the grades will trend next quarter.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
Uranium names keep pushing higher—supply still tight into 2026.
Production mix shifting toward USA might help margins if metals stay firm.
Silver leverage is strong here; beta cuts both ways though.
Good point. Watching costs and grades closely.
Production mix shifting toward USA might help margins if metals stay firm.
Good point. Watching costs and grades closely.
Nice to see insider buying—usually a good signal in this space.
Nice to see insider buying—usually a good signal in this space.
Good point. Watching costs and grades closely.