A Proposed Bill to Register the Sale and Purchase of 'Precious Metals'

The Constitution mandates the paying of all debts in silver and gold. Our nation’s founders established a firm economic foundation when it made only silver and gold legal tender for our government.

"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility." (Art I, sec. 10)

Individuals can trade and sell whatever they want in whatever form they want. Comic books are made out of paper and toys are made out of plastic and pot metal. To tens of thousands of collectors, these are valued.

Governments try to impute value to base metals and paper and call it “money.” If our government didn’t force people to trade in Federal Reserve Notes, the “value” of these printed slips of cotton and linen would sink without a trace.

Knowing something of the history of how bad economic policies destroy economies, millions of people around the world are investing in gold and silver as a hedge against economic tyranny and inflation.

Governments don’t like it when their “subjects” kick against the pricks. That’s why we’re seeing blowback from our government on guns and ammo. If most politicians had their way, only the government they controlled would be authorized to own firearms.

Some states are trying to pass legislation that would require people who buy silver and gold to register with the state. Consider this proposed bill from the state of Illinois, the home state of Barack Obama and the most anti-gun state in the union with its own murder capital, Chicago:

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.

Why does the state of Illinois or any other state need to know who buys and sells precious metals? Control. Possible confiscation sometime in the future.

Don’t think this couldn’t happen.

How many of you know about “Executive Order 6102”? I suspect that few people under the age of 80 do. Executive Order 6102 was signed on April 5, 1933 by U.S. President Franklin D. Roosevelt “‘forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States.’ The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.’”

The Illinois precious metals bill was introduced by State Senator Kirk W. Dillard, a Republican. and friend, Barack Obama. "In June 2007, Dillard appeared in an Iowa TV ad touting his former state senate colleague and friend, Barack Obama."


Comments

comments

  • DontTreadOnMe11

    Many people in the 30's "hoarded" gold and silver in defiance of the federal gov't. It will happen again. Buy your precious metals (including lead) now!

    • http://profiles.google.com/pudbertsavannahga Mort Leith

      Also distribute your weapons in multiple and separate locations.

    • Combat Veteran Seabee

      Brass and lead move faster than gold or silver!

      • edodaniel

        They do unless the Lone Ranger is moving the silver - then his silver moves as fast as copper, brass, and lead.

  • ed357

    Didn't one US family recently lose all of their inherited gold because that gold should have been turned in because of......

    “......Executive Order 6102 was signed on April 5, 1933 by U.S. President Franklin D. Roosevelt
    “‘forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold
    Certificates within the continental United States.’ The order
    criminalized the possession of monetary gold by any individual,
    partnership, association or corporation...”

    • vladilyich

      As I remember, the government proved that they possessed it prior to 1933 and did not turn it in. When, around the turn of the century, they tried to get rid of it, the government successfully confiscated it as in violation of the EO. They were not reimbursed at all.

    • Fred_K

      A number of recalled gold twenty dollar coins worth millions of dollars were found, and the government confiscated them from the finders, saying that they were illegal to own, because they were recalled, and not allowed to be in circulation. The only one currently owned privately sold for over a million dollars at auction.

    • grannylake

      Yes. The government took over $80 million worth of gold coins from a family that found them in a safe deposit box. The family sued for THEIR property and the liberal judge said the government gets to keep their coins.

  • http://profiles.google.com/pudbertsavannahga Mort Leith

    This is how it starts,,

    there are government officials that are preparing for the Revolution that is at hand,
    which THEY are forcing btw

    don't sign ANY registry by the gov't, and call your insurance company and have any record of guns or gold deleted from your official file, as the gov't will surely show up at their door demanding with a court order, records of ALL gun owners on file and their respective insured weapons.

    • JoJo58

      That or people will be forced to buy guns the same way criminals do...off the books.

  • S&WM&P

    Buy it now, use cash and only cash! My PM guy and I do a lot of business, but he doesn't even know my first name. I plan on keeping it that way and so does he.

  • teawithjill

    I heard that this kind of record keeping requirement of sales and purchases of gold is already in Obamacare, and if I remember correctly it may be already in effect? Does anyone else know anything about this?

    • georocker

      It was originally in the proposed 0bamacare bill but was pulled from the final version...gone, at least for now but it will return this year attached to some other bill....mark my words.

      • teawithjill

        Thanks i did not know that it was pulled. You are right it will be back.

    • http://FarTooMuch.Info JRuss

      What I have been told is Obamacare requires everyone to have a unique ID to track your medical records. First an RFID will be issued in a plastic card. I assume the intent is, at a later date, to have the RFID planted in your right hand. By then, the banks will be using that same RFID as a debit card. The RFID was developed by Motorola. Visa now has the rights to use it. I understand it is in use in a few places in Europe. There are enough bits in the RFID to uniquely identify everyone on the World.

  • pduffy

    The orginial constitution was only kept by those who wrote it. All of those that followed have systematically dismantled it to the point where the last straw is about to fall - the 2nd Amendment, which is the final "canary in the coal mine" of liberty. This government is the beast power of Revelation, and it will nuke the world before it's over. "Who can make war with the beast"? The people may try, but in the end, the people will fail. Just remember the last time somebody tried to separate from this machine in Washington DC, and that didn't turn out too well for those in the south. Now it's 10x as powerful, and the people have pop guns in comparison. Prophesy is clear, the beast will rise, but God will wipe it out, not the people.

  • Flybob

    I mean, can NO one read the US Constitution? It says in the above clause "NO STATE" shall! The US Constitution was written so that ANY person that had attained a sixth grade level of education could read, understand and comprehend it so that NO person would need an attorney to EXERCISE their GOD given CONSTITUTIONALLY GUARANTEED rights! This is ALL about attorneys! LAWYERS are killing our country fellow Americans! WE MUST stand together! Lawyers making law is a DIRECT conflict of interests! BAD BAD BAD! Guess who are lawyers! JUDGES! Why do you think not even ONE case of ineligibility has made it to even the discovery phase! We're being systematically dismantled and WE are letting it happen....No one else to blame. We started out FREE!

    • John Cherish

      We will end up as slaves without a doubt and without the mark that is the ability to buy or sell you will have 2 choices succumb or die

      • jamestugs

        Revelation 13
        17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. 18 Here
        is wisdom. Let him that hath understanding count the number of the
        beast: for it is the number of a man; and his number is Six hundred
        threescore and six

        you can buy if you know the number.

  • MaX

    They can kiss my ass!

  • dad666

    TAKE YOUR WORTHLESS PAPER AND GO HOME, YOU CAN USE IT TO START A FIRE IN YOUR FIREPLACE

  • Lauralee Hensley

    I imagine that the government will take it all away from the people to hand over to China to pay back the interest on some of the loans. I doubt that they'll give you anything of value to pay you for it and very possibly nothing at all in return for taking it away from you.

    • Combat Veteran Seabee

      "A government that is large enough to give you all that you need, is also large enough to take all that you have." Thomas Jefferson
      "Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy. It's inherent virtue is the equal sharing of misery." Winston Churchill

      • John Cherish

        "A government that is large enough to give you all that you need, is also large enough to take all that you have." also quoted by Ronald Regan

  • Gizmo51

    Taxes wouldn't have anything to do with this. Or would they?

  • Winston

    Advice: create a personal cache of gold (tenth and quarter oz preferred) and silver coinage (bullion) now as a personal hedge against government demise of the American paper "dollar" which could become worthless if China acts on pulling its loans to America and pushes for a global currency other than the Dollar.

  • Doug Hensley

    The proposed law would make more sense if it applied to copper instead of gold and silver. Copper theft is rampant. Thieves will destroy thousands of dollars of equipment to get ten dollars worth of copper. Scrap dealers or anybody who buys copper should have to maintain records of where they got it, from whom, with thumbprints.

  • slickzip

    ODUMBA wants your GUNS and your only hard cash ,,,,,,,,,

  • AndrewJerome

    I was wondering when these commies were going to get around to this. I see a revolution coming, real soon. This is the reason for the 2nd ammendment. To fight against a tyrannical government, even when it is our own.

  • JoJo58

    I guess Obama is tired of channeling Lincoln and Kennedy and is now scraping the bottom by being FDR. The ONLY reason for this is to know whose house to raid and confiscate gold, or put you in jail if you don't comply. This man HAS to go. Based on the whiny little b*tches that voted for Obama and have now discovered a "shortage" in their paychecks, there might be some backing to ousting this dictator within a year.

    • Combat Veteran Seabee

      Funny you should say that. A black lady where I work said, and she is jamaican by the way, obama raised taxes, if he does it again, that's it for him, he gotta go! Too Late fools!!!Just remember, you voted for him, never ever did I , nor would I ever vote for this POS!!!!
      When I mentioned the fact that the dems want another 1.6 trillion in tax revenue, one other jamaican said, if that happens, I'm out of here, back to jamaica!
      They will never realize that they were played as useful puppets and that's all people are to oblowhole!

      • JoJo58

        Hopefully being Jamaican she didn't vote, but I think it's great that these tools are getting a REAL lesson in economics, math and reality. I recently saw a photo of a Cabela's receipt that had an additional charge of "Obamacare" printed on it. People were complaining. I think ALL businesses should print this tax and every time some useful idiot buys something, they can see with their own little eyes how much that FREE healthcare costs. If they're REALLY smart, they might add up all of those taxes at the end of a week or month and see how much FREE really costs.

  • Lou7

    WHEN EVERY POLITICIAN, Obama, every senator, every congressman, governor, etc. gives a list of their total assets will we register our purchase of gold and silver, until then go to h e l l you greedy swine.

  • don

    obama following in the ways of hitler an others of his ink. our guns- no presious metals crush our constition-kill religon your seeing it all folks an you do nothing we are sheep an will be led to our demise

  • John Cherish

    Do any of you now think Obama is not following the book of darkness, he constantly lies, this is a trait of a deceiver this is a mark of the beast as Satan was a deceiver. He will confiscate all real money and your weapons to leave you defenseless against the government thugs. He will trash the constitution with the help of both Republicans and Democrats and establish his UN Backed One world order all for our benefit as we are being told, but in reality it is to enslave us. You will comply by force and with threat of death for failure to comply

  • http://www.survivingurbancrisis.com/ Silas Longshot

    Yeah, that sob just grabs your gold. Value paid was $20.67 per ounce. After he had all the gold, well looky here, the price was suddenly $35 per ounce! Ripping the citizens off for $14 profit per ounce. That's a democrat for ya.
    That's exactly what this BS is all about, tracking, taxing, control and eventually confiscation a couple years from now when the economy crashes, worldwide.

  • Michaellaborde

    They want to know so that they can either tax your investment benefit when you cash it in or be able to confiscare it if they declare that the government needs it. More cronie government control in the corrupt Illionis government.

  • Retiree 2005

    Precious metals include steel, brass, copper and lead. If you have enough of those precious metals in the proper configuration,, you can defend against those who would try to take your other precious metals of gold, silver, platinum, etc.

  • http://www.facebook.com/smichaelwilson Scott Wilson

    § 501.2. Definitions. (a) The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise:

    Act—The act of February 24, 1984 (P. L. 92, No. 17) (73 P. S. § § 1931—1942).

    Dealer in precious metals—An individual, partnership, association, corporation or business entity, who or which purchases precious metals from the general public for resale or refining or an individual who acts as agent for the individual, partnership, association, corporation or business entity for the purchases. The term does not include financial institutions licensed under Federal or State banking laws, the purchaser of precious metals who purchases from a seller seeking a trade-in or allowance, the manufacturers of jewelry or of other items composed, in whole or in part, of gold, silver or platinum and the purchaser of precious metals for his own use or ownership and not for resale or refining.

  • http://www.facebook.com/people/Jeff-Horton/100000278827311 Jeff Horton

    Here we go taking our gold so they can have it and your not protected from the coming inflation. I was told if you have old gold coins in a collection they can't take it.

  • ginjit.dw

    Here we go.. taxing private transactions... This is such bull. This planet obama will stop at nothing to get what you have. Our representatives are all geldings. The town crier is a drunk. Our esteemed leader is a fraud. Pelousey is an outright socialist.. We better wake up.....

  • Lucius_Junius_Brutus

    It sure is a good thing that whack job Ron Paul never had any chance of being elected. All that crazy unimportant nonsense talk he was always rambling on about "sound money," "inflation being a hidden tax," "the Federal Reserve," "the gold standard." How could anyone have taken the old coot seriously?!