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HOT LINKS: New Bill Requires Gold & Silver Registration

Bundled up against the extreme cold, Julie Caruso of Akron, Ohio, waits in a long line for a tour of the White House on Inauguration Day.

Morning reading.

New Bill Requires Gold & Silver Registration With State

It has been introduced in Illinois, the most anti-gun state in the U.S.


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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Reader Comments (13)

So these ass clowns are using a ham fisted approach to inject themselves into every facet of our lives. Why don't these miserable cretins introduce a bill that allows for mandatory drug testing for themselves as we'll as mandatory checks on all bank accounts and cash payments. Complete checks on all associations since graduation and DNA testing to make sure they dont't suffer from some sort of anxiety ridden corpulent binge Twinkie eating disorder that makes them click their pens rapidly while trying to hold a conversation, while mumbling how much they hate their wives and really just want to sodimize your children in the name of sensible government. WTH?
Jan 30, 2013 at 7:00 AM | Unregistered CommenterSKINFLINT
Now, that was funny, skin. +1.
Jan 30, 2013 at 12:33 PM | Unregistered CommenterDailyBail
SAN FRANCISCO (MarketWatch) — Gold futures rose Wednesday after news that the U.S. economy shrank in the fourth quarter, buoyed the metal’s appeal as a safe haven, and ahead of a monetary policy statement due out from the U.S. Federal Reserve.

Jan 30, 2013 at 12:33 PM | Unregistered CommenterDailyBail
When the Fed meets, the bulls charge

Large percentage of S&P 500 gains tied to Fed Days

Jan 30, 2013 at 12:34 PM | Unregistered CommenterDailyBail
WASHINGTON (MarketWatch) — Private-sector employment got off to a good start in 2013, according to a report from payroll-processing firm Automatic Data Processing Inc.

The U.S. added 192,000 private-sector positions in January, ADP estimated Wednesday, led by a 177,000 jump in the number of service-providing jobs.

“The job market is slowly but steadily improving,” said Mark Zandi, chief economist of Moody’s Analytics, which produces the report based on data supplied by ADP.

Jan 30, 2013 at 12:35 PM | Unregistered CommenterDailyBail
Jan 30, 2013 at 12:36 PM | Unregistered CommenterDailyBail
Unemployment reports there folks. Double down, almost. http://www.dol.gov/opa/media/press/eta/ui/current.htm
Jan 30, 2013 at 1:04 PM | Unregistered CommenterSKINFLINT
Re above photo "Bundled up against the extreme cold, Julie Caruso of Akron, Ohio, waits in a long line for a tour of the White House on Inauguration Day."

As any TSA groper could have told you that was AL KAIDA not Julie Caruso. Why isn't there a TSA checkpoint at the white house?
Jan 30, 2013 at 1:45 PM | Unregistered CommenterSherlock
Why isn't there a TSA checkpoint at the white house?


Because Big Sis had them doing security at her charity softball event. Or perhaps they were busy at the Super Bowl, or at your local bus station, or maybe they were screening high school kids at the prom. The work is never done for a patriotic TSA screener.
Jan 30, 2013 at 1:54 PM | Registered CommenterDailyBail
Jan 30, 2013 at 2:02 PM | Registered CommenterDailyBail
Once the guns are gone, there is nothing the govt may not do. PMs confiscation next.
Jan 30, 2013 at 2:13 PM | Unregistered Commenterbrgr
$500 fine as a petty offense for using cash and/or not recording the transaction? i'll pay that surcharge.
Jan 30, 2013 at 8:09 PM | Unregistered Commenterjb

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