I must agree.  I don't have a masters in stats but it doesn't take
a genius to see there is little correlation here.

 
sorted by "handgun%"

#         Country  hom  hand   all
#                  rate gun%  gun%
#             USA  8.8    29  48.9
#     Switzerland  1.2    14  32.6
#         Finland  2.9     7  25.5
#    West Germany  1.2   6.5   9.2
#         Belgium  1.8     6  16.8
#          France  1.2   5.5  24.7
#          Canada  2.1     4  30.8
#          Norway  1.2   3.5  31.2
#       Australia  2.0     2  20.1
#           Spain  1.0     2
#Northern Ireland  5.2   1.5
#     Netherlands  0.9     1   2.0
# England & Wales  0.7   0.5   4.7
#        Scotland  1.8   0.5


sorted by "all gun%"

#         Country  hom  hand   all
#                  rate gun%  gun%
#             USA  8.8    29  48.9
#     Switzerland  1.2    14  32.6
#          Norway  1.2   3.5  31.2
#          Canada  2.1     4  30.8
#         Finland  2.9     7  25.5
#          France  1.2   5.5  24.7
#       Australia  2.0     2  20.1
#         Belgium  1.8     6  16.8
#    West Germany  1.2   6.5   9.2
# England & Wales  0.7   0.5   4.7
#     Netherlands  0.9     1   2.0
#           Spain  1.0     2
#Northern Ireland  5.2   1.5
#        Scotland  1.8   0.5

Notice how Switzerland is second in both lists?  Note how low the 
"hom rate" is?  Now look at how small a portion of people in 
Northern Ireland have guns.  Notice it's "hom rate".

Canadian officials say we have "better gun control" (but they are
still increasing restrictions), yet we have a moderate "hom rate".
Canada has more murders (per 1,000) than Norway, France, Belgium, 
West Germany, Finland, and (the ever-popular) Switzerland.
Yet we have fewer handguns than France, Belgium, West Germany,
 Finland, and Switzerland.  We have fewer firearms than Switzerland
and Norway but almost twice the "hom rate".  .

It should be obvious that there are MANY other factors...