To "The Precious Metal Purchasing Act" From Executive Order 6102 - Santelli's Take

Tyler Durden's picture

"Ever heard of SB3341?" is Rick Santelli's opening salvo in today's rantless discussion of the concerns he has with Illinois' 'Precious Metal Purchasing Act'. While passed in the Illinois Senate last year, and moth-balled in the House since, Rick notes that "the long and short of it is is they want an audit trail to any precious metals, whether you're talking coins or bullion." It does not seem too much of a stretch to this Chicagoan to the 1933 Executive Order #6102 that confiscated gold and cleared the way eventually for Nixon's 1971 disconnect of the dollar from gold. As Liberty Blitzkrieg's Mike Krieger notes: "So let me get this straight.  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."



From the bill (found here)

...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.

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Peachfuzz's picture

Bullshit! Without a Politician to pasturize your milk you're the cause of terrorism! Ask all those soccer moms in PA, they'll tell you what you stand for. =)

NotApplicable's picture

You obviously haven't heard about the Great Cow Revolution.

Hook Line and Sphincter's picture

Evidently Plad, some of the ranchers have lost their way...

 “You know Chumba, we’re actually ranchers that the cattle need! We should act like it,” I reasoned.

            “Si, so why have you thrown away your Stetson? Disrespect for your hat like that makes me wonder if I’m going to find you in a puddle of blood outside the carniceria, having committed suicide by three gun shots to the cabeza.”    

excerpt from


boogerbently's picture

The guy I do (gold) business with said gold is legal tender. So he would not have to document that any more than if you came in and wanted change for a twenty.

Panafrican Funktron Robot's picture

"gold is legal tender"

US minted coins are, yes.  That's it.

MiguelitoRaton's picture

an he'll pay you face value just like cashing a $20

NidStyles's picture

No, all gold and silver are legal tender of like kind. The IRS codes are very specific about this. If you exchange cash for gold or silver or the reverse it is a non-taxable exchange.

The Gooch's picture

This was the Alinsky sleight of hand Illinois pulled this past week while gun control legislation was front and center.

Fucking snakes.

IridiumRebel's picture

"Provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500."


Slap on the wrist, but the intrusion sucks. They need taxes badly. 

vast-dom's picture



USSA = NAZI? You better believe it!


Tyler et. al. read this and remember that scape-goating is the prelude to TOTAL CONTROL:



Skip's picture

Look at the people with POWER in Hollywood, New York, government, do you really think they are NAZIS? Do you think former White House Chief of Staff, current Mayor of Chicago, and Israeli citizen Rahm Israel Emanuel, and his brother Ari, who is the Hollywood Super Agent who said he was going to drive Mel Gibson out of Hollywood in 2006, are NAZIS? Is Mayor of New York City Michael Bloomberg a Nazi? Is Charles Schumer, Senator from New York a Nazi? I think you have the wrong team.

vast-dom's picture

you can choose to scape-goat jews or whomever you wish. hitler himself had jewish ancestry. the more you hate peoples the better for TPTB. if you can't unite with people based on what they stand for vs their race/ethinicity then you deserve all the worst.

Skip's picture

I wasn't "scape-goating" anybody, I was just pointng ot that your assertion that this government, this natin is Nazi, is, on the face of it, untrue. Nothing more, nothing less. Nazi no, Bolshevik, yes.

vast-dom's picture

And our prez is a nigger and Will Smith yields more power than that idiot Mel Gibson in HOLLYWOOD. So? Some of the worst Nazis WERE the Jews. But you probably didn't know that either. Nor did you actually read my link, bc if you did you wouldn't have made that distinction.


it's actually not scapegoating or scape-goating but scape-sheepling or scapesheepling or sheeple herding...

SamAdams's picture

The masons are made up mostly of goy, but the illuminati like to have their jews in specific areas. To this you may plead no contest. In the end these people will be safe in their Dumb, whilst the state-employed youth operate the machine to crush the resistance. Quit funding the machine and educate the youth!

vast-dom's picture

you forgot the all-race-encompassing reptillian shapeshifters pal.

Global Hunter's picture

Nazis are just Bolsheviks who cared about design, the Nazis put a lot more emphasis on asthetics, thats why we have Hugo Boss and not Yuri Bossanov today for example.  Other than some differences in delivery, they are both designed to absolutely control the masses and dominate every aspect of an individual's life, in the name of progress.

Al Gorerhythm's picture

Nazi no, Fascist, yes. Fixed.

4Y_LURKER's picture

I think you would benefit from a little reasearch on Operation Paperclip.  Sure the Bolchiviks are in power as far as the redistribution of wealth, but the nazi's were deeply entrenched in the US by the time of the Red Scare.  Lets agree to disagree that governments DO NOT have our best interests in mind.

4Y_LURKER's picture

I think you would benefit from a little reasearch on Operation Paperclip.  Sure the Bolchiviks are in power as far as the redistribution of wealth, but the nazi's were deeply entrenched in the US by the time of the Red Scare.  Lets agree to disagree that governments DO NOT have our best interests in mind.

NidStyles's picture

Being a NAZI doesn't mean you can't be a Jew. NAZI-ism is National Socialism, not German centric Jew hating. FFS at least learn what you are discussing before critiquing others.

Snakeeyes's picture

Santelli is right. Guns, precious metals, healthcare, even mortgages being rationed and registered.

Better get them trillion dollar coins minted fast!

KnightTakesKing's picture

I just checked my cubbard and I see I have 10 cans of Cambell's Soup and two boxes of rice. I figure it won't be long until we will have to register our food stocks and purchases. Just trying to get ready for that law to be passed. 

trollin4sukrz's picture

aww shit.. do I have to register each cupanoodles or can I do the whole case.. damn this is driving me nutz! They found my stash!

GeezerGeek's picture

Hoarding 10 cans of soup probably makes you a terrorist. Go turn yourself in.

morning_glory's picture

Reprogramming required at aisle 10 please.

Rogue Trooper's picture

I, for one, make no apology for reporting you.  I have emailed the DHS, as was my duty, with a screen shot of your evil prose along with your IP Address. Incidentally, our benevolent protectors, offer satisfying rewards for doing your part.  For example, I just received 0.005 cents credited to my EBT card and more importantly an instant email letter of commendation personally signed by Diane Feinstein. Another 1,000 and I will get to ELMO GOLD Status.

JOIN US and let us purge AMERIKA of those that wish us HARM!

Terrist... be GONE with YOU!

mkkby's picture

You just registered your food hoard by posting it here on ZH.  We have decided that you only need 1 can of soup and one box of rice.  Thank you for being a good little sheep.

kill switch's picture

This is a little OT, But !!!

Tactical Response CEO Issues Threat Over Gun Control- 'I'm Gonna Start Killing People..


Some may think this is over the top,, But it just might come to this!!!! Our government is clinically insane.. 35 African countries,, we can now spy on europe,, our law....

I can't cover it all as most on ZH know...Marlon Brando,,,,THE HORROR


 The kill switch


SilverFish's picture

I'm sure they've already fitted that guys head for a black bag.


Rule # 1 - If you're serious about something like that, dont put it on youtube.

TeMpTeK's picture

Making tyranny a reality is easy.. Especially when "free men " believe they've already been conquered!...

The Gold Confiscation myth!


Al Gorerhythm's picture

They can audit mine when I can audit theirs.

bobthehorse's picture

Freedom is a constant struggle.

Here's an easy solution.

Don't follow the law if the law is unjust.

Go to jail...Oh well.

Lots of great men have been in jail.

Dick Buttkiss's picture

This is nothing more than rating horses in the global glue factory.

Xibalba's picture

Who knew the USA was the 4th Reich?

Lin S's picture

{second hand goes up toward the back of the room}

HoofHearted's picture

I just suspected it. I didn't really know until I saw the other hands go up.

By the way this isn't new news. I'm glad Santelli is bringing it to light, but he better be careful that he doesn't shoot himself in the back of the head four or five times.

ZerOhead's picture

$50 bucks says dead hooker in his bed...

WmMcK's picture

if girl then dead

if boy then alive

AgAu_man's picture

And better lock up the kitchen knives from the nanny.  Lest her regular meds get accidently filled with Psychotropic drugs for another patient.

lakecity55's picture

yeah, like those 2 SA advocates who croaked in the last week.

Haole's picture

Jim Marrs knew it quite a number of years ago.

francis_sawyer's picture

Operation kosher paper clip...

TIMBEEER's picture

cough (uneasy silence) cough


Buy blank carbon copy sales forms people.  Pre-date transactions.  Be sure to use a pencil.  Don't give these criminal cocksuckerz an inch!