UPDATE: New Bill Requires Gold & Silver Registration
The slippery slope to confiscation has begun.
Gold and silver buyers could soon have to register with the state of Illinois.
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. Click here for the latest status update on SB3341...
--
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 businessof 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.
To read the entire bill, click here.
Infowars
Prior to the failure of the Illinois legislature to force citizens to register outlawed firearms, the state moved to place restrictions on the sale of gold. Santelli ties the floundering legislation to FDR’s 1933 Executive Order 6102 confiscating gold and setting the stage for Richard Nixon severing the connection between gold and the dollar in 1971.
“So let me get this straight,” writes Mike Krieger of Liberty Blitzkrieg. “First they want gun registration and now precious metal registration? I’m sure the government would only use such information in our best interests, because as we all know: Your Government Loves You. Sounds reasonable, after all, only ‘terrorists’ buy guns and gold anyway.”
Related links:
Check out what they are now doing in Houston:
RED ALERT: The Gold Police Have Arrived!
Bernanke Gold Varmint by William Banzai7...
Reader Comments (19)
http://www.bloomberg.com/news/2013-03-14/trinity-mirror-dragged-into-hacking-scandal-with-four-arrests.html
http://dailybail.com/home/grant-for-dollar-salvation-we-need-a-new-gold-standard.html
http://dailybail.com/home/alan-greenspan-used-to-be-a-gold-bug.html
http://www.youtube.com/watch?v=7AH5NVFHeu4
Ridiculously great song that just brought back all kinds of memories.. Saw Replacements live in Richmond on 'shrooms in 1987 or '88. The decadent college years. Awesome. Just awesome.
"HEY FUCK YOU MAN!!!!"
The first time I saw them was '86 in a Raleigh skating rink. Good days.
http://www.youtube.com/watch?v=p-iIF5yNUH8
What else you want to take out of public view so it can only exist in the shadows where it will thrive and secretly dominate the light?
You guys are frikkin geniouses....
Not only can, but apparently "must" if you're to avoid detection by the Obama Dictatorship...
http://www.activistpost.com/2013/03/obama-says-you-have-no-right-to-banking.html
So state statutes that trample freedoms are legally saved by the laws of contiguous states? Fascinating. Can Illinois abolish freedom of speech, jury trials, and allow warrantless home invasions under this theory?
Stock Trading Tips