Results 1 to 10 of 10

Thread: Bills to Require the Registration of Gold & Silver : Gold & Silver Confiscation Next?

  1. #1

    Bills to Require the Registration of Gold & Silver : Gold & Silver Confiscation Next?

    Bills to Require the Registration of Gold & Silver : Gold & Silver Confiscation Next?

    By: Eddie Levin

    The slippery slope to confiscation has begun.

    Gold and silver buyers could soon have to register with the state of Illinois.

    It’s certainly not strange for socialist insanity to come from Illinois. After all, the State provides us with (unpleasant) entertainment in the form of a police superintendent who threatens to shoot legal gun owners while his city leads the nation in homicides. Now comes this from the State with the most restrictive gun laws in the Nation probably the most criminals: a bill to require registration for sellers and buyers of gold.

    Rick Santelli provides an update on legislation that requires every gold and silver transaction to be registered with the State. Here are the basics. The bill, officially called SB-3341, was introduced in 2012, immediately passed the Illinois Senate and is now awaiting action by the House.

    This ordinance is similar to a bill passed in Houston back in February of 2013. Those selling precious metals in Houston are now considered criminals until they prove otherwise. Gold-buying businesses required to photograph and fingerprint those bringing in gold to sell, photograph the items being sold and maintain an online database of the transactions. Those selling precious metals in Houston are now considered criminals until they prove otherwise.


    Councilwoman Helena Brown — the only councilor to vote against the ordinance — rightfully called it “safety theater” that would burden businesses and invade jewelry sellers’ privacy. “Why even ask the legal, law-abiding people to submit to this? It’s not going to prevent crime and it’s not going to solve any crimes". “It’s ludicrous. We’ve gone way beyond what our Founding Fathers envisioned for this nation.” Brown said.

    A Bill to Register Buyers of Gold and Silver Coins

    Creates the Precious Metal Purchasing Act. Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller. Provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall record the method of payment. Requires the purchaser to keep a record of the sale for one year or, if the purchase amount is over $500, for 5 years. Provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500. Provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties.

    Read more on the bill here.



    Reference:
    www.thedailybell.com
    Last edited by donnay; 04-07-2013 at 06:58 AM.
    “The spirits of darkness are now among us. We have to be on guard so that we may realize what is happening when we encounter them and gain a real idea of where they are to be found. The most dangerous thing you can do in the immediate future will be to give yourself up unconsciously to the influences which are definitely present.” ~ Rudolf Steiner



  2. Remove this section of ads by registering.
  3. #2
    Absolutely no way.


    Last edited by presence; 04-07-2013 at 07:02 AM.

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3

    Flectere si nequeo superos, Acheronta movebo.

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...


  4. #3
    Quote Originally Posted by donnay View Post
    Bills to Require the Registration of Gold & Silver : Gold & Silver Confiscation Next?

    By: Eddie Levin

    The slippery slope to confiscation has begun.

    Gold and silver buyers could soon have to register with the state of Illinois.

    It’s certainly not strange for socialist insanity to come from Illinois. After all, the State provides us with (unpleasant) entertainment in the form of a police superintendent who threatens to shoot legal gun owners while his city leads the nation in homicides. Now comes this from the State with the most restrictive gun laws in the Nation probably the most criminals: a bill to require registration for sellers and buyers of gold.

    Rick Santelli provides an update on legislation that requires every gold and silver transaction to be registered with the State. Here are the basics. The bill, officially called SB-3341, was introduced in 2012, immediately passed the Illinois Senate and is now awaiting action by the House.

    This ordinance is similar to a bill passed in Houston back in February of 2013. Those selling precious metals in Houston are now considered criminals until they prove otherwise. Gold-buying businesses required to photograph and fingerprint those bringing in gold to sell, photograph the items being sold and maintain an online database of the transactions. Those selling precious metals in Houston are now considered criminals until they prove otherwise.


    Councilwoman Helena Brown — the only councilor to vote against the ordinance — rightfully called it “safety theater” that would burden businesses and invade jewelry sellers’ privacy. “Why even ask the legal, law-abiding people to submit to this? It’s not going to prevent crime and it’s not going to solve any crimes". “It’s ludicrous. We’ve gone way beyond what our Founding Fathers envisioned for this nation.” Brown said.

    A Bill to Register Buyers of Gold and Silver Coins

    Creates the Precious Metal Purchasing Act. Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller. Provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall record the method of payment. Requires the purchaser to keep a record of the sale for one year or, if the purchase amount is over $500, for 5 years. Provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500. Provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties.

    Read more on the bill here.



    Reference:
    www.thedailybell.com
    This must be prevented at all costs. You can't use cash? What the $#@! kind of country is this where you're not allowed to make specific transactions in cash? This may be the most draconian example of state abuse of economic power I've ever seen. People in Illinois... you cannot allow this to happen. This is only the beginning. Stop it at all costs. If you allow it to happen there, it won't be long until the whole country is required to register their transactions and pay for their metals with a $#@!ing credit card. This I will not stand for.
    I'm an adventurer, writer and bitcoin market analyst.

    Buy my book for $11.49 (reduced):

    Website: http://www.grandtstories.com/

    Twitter: https://twitter.com/LeviGrandt

    Facebook page: https://www.facebook.com/grandtstori...homepage_panel

    BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG

  5. #4
    This ordinance is similar to a bill passed in Houston back in February of 2013. Those selling precious metals in Houston are now considered criminals until they prove otherwise. Gold-buying businesses required to photograph and fingerprint those bringing in gold to sell, photograph the items being sold and maintain an online database of the transactions. Those selling precious metals in Houston are now considered criminals until they prove otherwise.
    I know this is off track but, in Dallas yesterday, in order to sell some scrap metal it was required that you provide them with a valid Texas drivers license and your fingerprint in order to sell the scrap metals. Unfortunately, I did not know this and the asleep neighbor who helped us with the scrap metal provided them with that information without hesitation. *Sigh*
    “The spirits of darkness are now among us. We have to be on guard so that we may realize what is happening when we encounter them and gain a real idea of where they are to be found. The most dangerous thing you can do in the immediate future will be to give yourself up unconsciously to the influences which are definitely present.” ~ Rudolf Steiner

  6. #5
    Hahaha! What a bunch of $#@! heads!

    A reputable source for PMs always told me to only buy from people that WON'T give you a receipt. He said that when they start requiring transaction receipts, you'll know they're desperate to put a lid on the physical market and if that doesn't work, they'll have all the data for confiscation.

  7. #6
    There is no way the public will comply with this. Gold will go black market like drugs or booze during prohibition.

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3

    Flectere si nequeo superos, Acheronta movebo.

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...


  8. #7
    I need to go on another boating trip...
    Rand Paul 2016

  9. #8
    Wow, I can just imagine how this would have gone over when gold and silver were used as money.
    "You will have to prove the money is yours before you can spend it."



  10. Remove this section of ads by registering.
  11. #9
    NO

    If I say anymore it's going to be a looooong rant. (and I may yet do that)
    "The Patriarch"

  12. #10
    Quote Originally Posted by donnay View Post
    I know this is off track but, in Dallas yesterday, in order to sell some scrap metal it was required that you provide them with a valid Texas drivers license and your fingerprint in order to sell the scrap metals. Unfortunately, I did not know this and the asleep neighbor who helped us with the scrap metal provided them with that information without hesitation. *Sigh*
    they do that here in MD too, it started after 2008 and a large spike in copper and steel theft here on the shore. they were sneakin onto farms all ninja-like and cutting up combine attachments with a torch in the field at 2am, breaking into rentals that were between tenants and ripping the copper plumbing and wiring out of the walls. they thought it would be a good idea to make everyone selling something show ID and get the info so if an incident came up they would have evidence. now we use pvc for plumbing as much as possible, alot of farms have exquisite camera systems, and all it deterred was people from out of town and ppl that don't sell that often from coming here and selling and maybe getting gas and lunch here too. there's alot of off the books type transactions, which is great. I love the Black Market and support it's expansion everywhere I can. F the taxman!!
    Lībertās Aut Mors

    Whenever, therefore, a lie has built unto itself a throne, let it be assailed without pity and without regret, for under the domination of a falsehood, no one can prosper.



Similar Threads

  1. Replies: 2
    Last Post: 02-02-2021, 05:46 AM
  2. Replies: 4
    Last Post: 05-19-2013, 12:22 PM
  3. Replies: 32
    Last Post: 12-13-2012, 10:22 AM
  4. Replies: 5
    Last Post: 06-28-2012, 09:43 PM
  5. Confiscation of Gold and Silver by the U.S. Government
    By reduen in forum Economy & Markets
    Replies: 10
    Last Post: 02-21-2011, 04:10 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •