Bills to Require the Registration of Gold & Silver : Gold & Silver Confiscation Next?

truther 9

Eddie Levin

The slippery slope to confiscation has begun.

Gold and silver buyers could soon have to register with the state of Illinois.

It’s certainly not strange for socialist insanity to come from Illinois. After all, the State provides us with (unpleasant) entertainment in the form of a police superintendent who threatens to shoot legal gun owners while his city leads the nation in homicides. Now comes this from the State with the most restrictive gun laws in the Nation probably the most criminals: a bill to require registration for sellers and buyers of gold.

Bills to Require the Registration of Gold & Silver  Gold & Silver Confiscation Next

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.

This ordinance is similar to a bill passed in Houston back in February of 2013. Those selling precious metals in Houston are now considered criminals until they prove otherwise. Gold-buying businesses required to photograph and fingerprint those bringing in gold to sell, photograph the items being sold and maintain an online database of the transactions. Those selling precious metals in Houston are now considered criminals until they prove otherwise.

Councilwoman Helena Brown — the only councilor to vote against the ordinance — rightfully called it “safety theater” that would burden businesses and invade jewelry sellers’ privacy. “Why even ask the legal, law-abiding people to submit to this? It’s not going to prevent crime and it’s not going to solve any crimes”. “It’s ludicrous. We’ve gone way beyond what our Founding Fathers envisioned for this nation.” Brown said

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 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.

Read more on the bill here.

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  1. filbert mcnuts April 16, 2013 at 10:37 am - Reply

    They do to co discard your gold or silver, rather they are trying to make sure any profits are taxed and there is no money laundering. Funny, theyi take your gold from your cold dead hands but you give them your tax dollars from your warm live hands.

  2. 5 War Veteran April 16, 2013 at 10:00 am - Reply

    Just like they did in the Great Depression. Then they confiscated and stole the common peoples wealth.
    I wonder who will die over this? I wonder which fools will try to confiscate it?
    History is repeating itself.

    Are Americans going to let this happen again?

  3. bruce April 14, 2013 at 1:06 am - Reply

    these traitor legislators should be killed along with the police superintendent.

  4. ConstitutionGal April 13, 2013 at 2:53 am - Reply

    One more thing, EVERY decent citizen who values their “vote” should be involved in True The Vote!
    Let’s clean up the fraud that is stealing elections making your vote in-validated regardless of what side of the aisle you’re on. Notice, I said “decent” meaning you have morals that guide you and wouldn’t use getting involved for the side of the evil that is so prevalent in our society right now.

  5. ConstitutionGal April 13, 2013 at 2:50 am - Reply

    Who didn’t know this was coming and eventually nationwide, then the confiscation? “Your silver and gold shall come to naught”.
    Yet, this is NOT the most horrible thing to come. Please view the Agenda 21 videos available to you and make yourself at least AWARE of the UN tanks planted all over this country, awaiting what? Then, of course, you’d have to ask yourself why there are so many foreign (Russian?) troops planted in secretive military bases, and for why?

  6. Jeff April 12, 2013 at 12:35 pm - Reply

    There is an election coming up. You all have to start documenting what these traitorous rotting scum have voted. It is time for the American people to scream from the rooftops and to do so from the elections. Get involved in everything related to elections beginning at the local level. The public could become so massively involved that we cold decapitate this pig beast gov.
    It is time to start a revolution related to elections.

  7. James M Nunes April 10, 2013 at 8:42 am - Reply

    The only way that they are going to take my guns and gold is to take them from my cold dead hands!

  8. Robert Hauser April 10, 2013 at 2:11 am - Reply

    America is a rotting carcass being swarmed over by the maggotry of sociopaths in public office. ….they can take this “bill” and shove it right where angels fear to tread and seagulls don’t quite fit. I have no intention of complying. People in congress and the state legislatures who write un and anti-Constitutional bills and other legislation like this can eat dirt and go to hell.

  9. SERF April 9, 2013 at 9:03 pm - Reply

    Wow, i never realised that insanity is contagious in the whitehouse, or are these people just going beserk due to other herbs inhaled.

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