Register Buyers of Silver and Gold Coins?

1

January 10, 2013 by bfranklin2076

Found this on another libertarian blog so I thought I’d share from their blog which includes a link to the story:

“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.”

http://www.tennesseesonsofliberty.com/2013/01/bill-submitted-to-register-buyer-of.html

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One thought on “Register Buyers of Silver and Gold Coins?

  1. tjefferson2076 says:

    There was also posted on DailyBell.com. The elites are going after the two things that they do not want their subjects to own: Guns and Gold.
    http://www.thedailybell.com/28559/Gold-and-Silver-Registration-in-Illinois

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