new laws for selling gold(up-date)

[seas1to2]

not sure if it is everywhere but it just started in FL today, when you send gold off in the mail too be sold, you have to send a Picture ID, driver license ID number, an you must keep a photo of all items sold,I think they said a few other things but didn't get the whole story, they want too make sure that the gold being sold really belongs too the person selling it.While I have never sold any of my gold , for those that do you might want too check into this before you send any off..saw the story on 13 news this morning Tampa...guess they are having a bunch of stolen gold being sent in......what I found online(Starting Thursday, secondhand dealers that buy mail-in gold jewelry will have to photograph all items and provide the pictures as well as the name, address, phone number, e-mail address and driver's license number of each seller to law enforcement officials.

The law is designed to prevent thieves from disposing of their loot through mail-in sales)

 

[Woodland Detectors]

Re: new laws for selling gold

They should have done that in the first place.

 

[Siegfried Schlagrule]

Re: new laws for selling gold

same thing has been in place at pawn shops and coin shops forever.
lets the cops seize what they want. siegfried schlagrulei

 

[Jeffro]

Re: new laws for selling gold

Who the heck would send their gold off to one of those ripoff companies that only pay 25% of what it's worth?

 

[Real de Tayopa Tropical Tramp]

Re: new laws for selling gold

Relax my friends. It won't be too long before the gov't confiscates privately held gold anyway. Excellent way to raise a bit of hard cash for them. More shades of the great depression of the 30's / great depression of the 08's .

Don Jose de La Mancha

 

[Seamuss]

Re: new laws for selling gold

Confiscating privately owned gold. It sounds like (gun) control of another kind to me. A government that does not allow it's citizens to own gold or other personal items is a government that's afraid of it's citizens.

Gold and silver is real money. They can take ALL the paper money out of circulation at the same time they storm my house for the rest of my possessions(like my house and my car and my family). They will not be able to tax us on anything if they have it all in their possession.

It's not paranoia talking, because they want us to own something for a tax base. Property,vehicle license, interest on bank account, auto fuel, income, even our social life is taxed (liquor and luxury items).

Taking these items away from us is doing away with their tax base. This is America and we need to keep our freedom of ownership going for that purpose.

 

[Saturna]

Re: new laws for selling gold

Who the heck would send their gold off to one of those ripoff companies that only pay 25% of what it's worth?

Thieves! They know that pawn shops (who also only pay 10-20% of value) may want ID, etc. to buy what they bring in.

 

[Real de Tayopa Tropical Tramp]

Good morning Seamus my friend: Pres Roosevelt did just that, then after confiscating at a standard price, raised the price much higher. The US gov't made a huge profit on this maneuver which was used to back the failing dollar --sound familiar?



Don Jose de La Mancha .

 

[jeff of pa]

Around here you Give your Name , address & Phone number
When you sell to a Local buyer.

years ago there was a buyer who asked for
SS # ("real or Make one up", was his saying)

 

[goldsworthy]

Re: new laws for selling gold

Relax my friends. It won't be too long before the gov't confiscates privately held gold anyway. Excellent way to raise a bit of hard cash for them. More shades of the great depression of the 30's / great depression of the 08's .

Don Jose de La Mancha They will have a HARD time finding my gold! I wouldn't give it to them no matter what the penalty was!. I am sure if the government ever did such a thing there would be a vast underground sales network for buying and selling!

 

[jim4silver]

Re: new laws for selling gold

Relax my friends. It won't be too long before the gov't confiscates privately held gold anyway. Excellent way to raise a bit of hard cash for them. More shades of the great depression of the 30's / great depression of the 08's .

Don Jose de La Mancha

Not going to happen in my opinion. Back when it happened before, gold was circulating currency (double eagles, eagles, etc.). Everybody had gold if they had money. Back then the currency had gold backing in a sense since you could turn in a $20 bill for a double eagle.

Today, gold is not circulating currency like it was then and the dollar is not "backed" by gold or silver. Since the dollar is not backed by gold anymore, there is no reason to bring in (confiscate) gold because they can create new dollars without needing gold or any other commodity to back it.

How many people do you know in your personal/business life that hold gold bullion or coins? Unless you have lots of gold bug friends, the answer is probably not too many. Any new confiscation would not yield hardly any gold because not many people have it (bullion/coins). Plus, they would have to take jewelry if they really wanted to get any gold (they did not confiscate jewelry in the 30's by the way.) People would not be willing to turn in gold today like they did in the 30's, whether it be bullion or jewelry.

All a confiscation order would do is show that the gov has lost complete faith in its own currency, which would make the dollar's value totally drop in world markets. Unless the dollar goes to zero, there is zero chance they are gonna move to confiscate gold/silver in my opinion.

If the gov wants to confiscate something AND get a good return on it, they would confiscate 401Ks and IRAs, or require early tax payments on them, etc. That money is just sitting in accounts and would not require anyone to voluntarily turn it in. I am NOT saying I think this will happen, but I think it would happen before gold/silver is ever confiscated.

Perhaps the gov could increase the tax consequences for gold/silver sales if they want to try and gain more revenue and gold/silver starts to become popular in the next few years and goes up in value?

All above just my opinion.

Jim

 

[dunc]

They can't confiscate 401k's the same way gold was once confiscated because they couldn't pay for it. If I am not mistaken gold wasn't confiscated, it was made illegal to own and was paid for when turned in. That is easy to do if you know the value of gold is going to go up. It is impossible to do with a 401K.

 

[Seamuss]

Re: new laws for selling gold

Confiscating privately owned gold. It sounds like (gun) control of another kind to me. A government that does not allow it's citizens to own gold or other personal items is a government that's afraid of it's citizens.

Gold and silver is real money. They can take ALL the paper money out of circulation at the same time they storm my house for the rest of my possessions(like my house and my car and my family). They will not be able to tax us on anything if they have it all in their possession.

It's not paranoia talking, because they want us to own something for a tax base. Property,vehicle license, interest on bank account, auto fuel, income, even our social life is taxed (liquor and luxury items).

Taking these items away from us is doing away with their tax base. This is America and we need to keep our freedom of ownership going for that purpose.

Good morning Seamus my friend: Pres Roosevelt did just that, then after confiscating at a standard price, raised the price much higher. The US gov't made a huge profit on this maneuver which was used to back the failing dollar --sound familiar?



Don Jose de La Mancha .

Exactly, and now the people are a little more educated about government manipulation and will not stand for confiscation without just cause. Paper money has no value anymore as the public and the government knows that to be fact. They take our valuables away from us again and what will be left for our economy. Even the Chinese are dropping our dollar for more lucrative assets.

Jeffro: posted a thread about how the government was going to flood the IMF with gold to manipulate the prices showing that their in a panic about the value of the dollar.

The government is not the only ones that knows our dollar value and economy has gone south for the duration. They want us to invest heavily in a market that will hold value to the public.

The laws just tell us how we can sell gold and some of the laws about showing ID to verify that jewelry gold is actual owned by the seller was already law but being strictly enforced now.

 

[goldsworthy]

I sure can understand checking for id when selling gold jewelry diamonds and stuff like that. But Gold Eagles, Silver eagles, and platinum eagles as well as bullion bars and rounds can not be identified as all this kind of stuff looks the same. I sell my bullion coins and bars and buy too but never have I had to show id!. I would never show ID buying or selling these type of investment grade stuff. If they wanted my ID I wouldn't sell to them!. I am quite sure there will be someone else that will buy without restrictions from me. I do however keep all my receipts on my bullion for tax purposes just in case for our friends at the IRS! And I only deal with reputable large dealers!

 

[homefires]

How are they going to find out?

 

[goldsworthy]

How are they going to find out?

The IRS WILL notice a check deposited in your bank acount when it looks like the ones I get $100,000-$300,000 sets off the IRS alarms! You do want to be honest with those folks!

 

[ivan salis]

yep folks they want to tax the profiets made by little small time gold speculators -- that buy and sell at a profiet --say $300 here $1000 there at a time --- buy adding it up they can see if you are "declaring your income" at tax time -- they use the guise of we do not want theives to --send in cash in stolen gold via the mail in offers --that pay similar to pawn shop type prices (thus very little ) but keep no records of transactions; ---

its all about da money --its always about da money --follow da money--and see who benifets

 

[mrs.oroblanco]

Gotta face facts - the government has stopped the lawful ownership of gold before. Many people (including my own parents) found ways to own gold that didn't show. Jewelry was one, but not the major one.

There used to be people who would layer book leaves with gold for a small price. The books would look like maybe a gold edged family bible, but when you opened the pages, the pages would be gilded.

My parents kept these for a very long time, and only about a year or two before my mother died, did they let it get processed into what it was really worth.

There were other methods they used also. Remember, when we went to war, they made it illegal to own or run a mine. Gold mines were ordered to shut down in WW2 (and I think WW1, but I'm not positive) Many never re-opened, or are just re-opening now-a-days that the price has gotten so high.

B

 

[Cappy Z.]

I have to be honest. It makes my skin crawl when I read over and over "the gov't, They (the gov,t).. The gov't..The gov't...The gov't..

Who the hell is the gov't? It's suppose to be us or at least representatives of us. If 'they' The 'gov't' don 't represent us..I say remove them. And IF 'they' are afraid of 'we the people' WE The People need to act sooner instead of later!

Good Morning

 

[Glsfutrs]

I have to be honest. It makes my skin crawl when I read over and over "the gov't, They (the gov,t).. The gov't..The gov't...The gov't..

Who the hell is the gov't? It's suppose to be us or at least representatives of us. If 'they' The 'gov't' don 't represent us..I say remove them. And IF 'they' are afraid of 'we the people' WE The People need to act sooner instead of later!

Good Morning

I SAY HERE HERE !!!
Cappy - that's sounding like a REAL Constitutionalist !!!!