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

[Red James Cash]

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

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

truther April 9, 2013
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

Background and text of the bill:


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.




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Bills to Require the Registration of Gold & Silver : Gold & Silver Confiscation Next?
truther April 9, 2013 6

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.

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

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

Background and text of the bill:


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.

http://worldtruth.tv

 

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[Peyton Manning]

the only rationale I can imagine is trying to hinder selling of stolen pms, but still not best idea

 

[dieselram94]

Next we will have to register any toilet paper purchase we make. After all if we purchase to much paper in a year (more than a square a day) we will be found guilty of endangering a spotted owl. Therefore must be fined and name and address printed in the news papers...

 

[dieselram94]

Maybe we could award the "Golden Turd Award" to Illinois

 

[Frankn]

Well, this ties in nicely. NSA now has 10 acres of underground memory storage in Md. The are now building a new HUGH storage facility ,I think it is in Ut. The stated purpose of this facility is to store all the information the government has on all the people. Now you have to remember that NSA, under the guise of national security, records all phone and internet information. So these gold transactions will actually be kept forever by the Feds. It has been estimated that the memory capacity of this facility is equal to the memory capacity of cell phones placed end to end from earth to the moon. Frank...

 

[jerseyben]

Well, this ties in nicely. NSA now has 10 acres of underground memory storage in Md. The are now building a new HUGH storage facility ,I think it is in Nv. The stated purpose of this facility is to store all the information the government has on all the people. Now you have to remember that NSA, under the guise of national security, records all phone and internet information. So these gold transactions will actually be kept forever by the Feds. It has been estimated that the memory capacity of this facility is equal to the memory capacity of cell phones placed end to end from earth to the moon. Frank...

Source?

 

[spartacus53]

Well, if you're worried about the law, then just buy in lots of $499.99 and there is no problem

 

[dieselram94]

Well, if you're worried about the law, then just buy in lots of $499.99 and there is no problem

Spart, what about the tax? That will push it over $500


Sent from my SCH-R930 using Tapatalk 2

 

[Frankn]

Source?

I am just curious. Don't you ever watch the news. It has been on TV for a week complete with photos of the buildings and interviews with the area people. There was even a short on the large water supply required. I usually give the source unless it is obvious. And you just site there and type in Source?
Frank...

 

[Frankn]

Well, if you're worried about the law, then just buy in lots of $499.99 and there is no problem

And don't pay cash for a new car. By law they have to file a form with the IRS. And don't cash a check at a bank for $500 or more, that gets reported too. Frank...

 

[Frankn]

You notice all those 'traffic' cameras that they are putting up all over the place didn't you, well they will be fed to that new NSA memory bank. They will be able to track you or place you at almost any time. 1984 returns with full force. Frank...

 

[jerseyben]

I am just curious. Don't you ever watch the news. It has been on TV for a week complete with photos of the buildings and interviews with the area people. There was even a short on the large water supply required. I usually give the source unless it is obvious. And you just site there and type in Source?
Frank... View attachment 779053

Take it easy Frank! I was just asking for the source based on your summary of the facility. I am aware that the facility exists. However, your reply suggests that there is some sort of controversy surrounding the facility. When you say things like "The stated purpose of this facility is to store all the information the government has on all the people. Now you have to remember that NSA, under the guise of national security, records all phone and internet information", I am looking for the rest of the story.

When you go down "that path" you should be prepared to back up what you are saying. I am unwilling to simply take a statement like that as just something that was on the news. I am not saying it wasnt reported in an article somewhere, I just would like a little more of an explanation based on your reply. That is all.

 

[Frankn]

Take it easy Frank! I was just asking for the source based on your summary of the facility. I am aware that the facility exists. However, your reply suggests that there is some sort of controversy surrounding the facility. When you say things like "The stated purpose of this facility is to store all the information the government has on all the people. Now you have to remember that NSA, under the guise of national security, records all phone and internet information", I am looking for the rest of the story.
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Well Ben let me put it this way, I have spent some time IN NSA and know what they do. That's all I can say. Frank..





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When you go down "that path" you should be prepared to back up what you are saying. I am unwilling to simply take a statement like that as just something that was on the news. I am not saying it wasnt reported in an article somewhere, I just would like a little more of an explanation based on your reply. That is all.

...