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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Jendrzejczyk's picture

Buy a cheap ass cash register and print your own freakin receipts, right?

GeezerGeek's picture

Do those cheap cash registers print a consecutive transaction number? That could cause problems.

I worked for a national Cash Register company back in the 70s and 80s. We always had lots of demo machines around. Back then sales taxes were eligible for itemized deductions on the 1040, so every January I'd see lots of salesmen (no ladies selling registers back then!) churning out the sales receipts on various different machines. If the IRS asked if documentation was available for all those tax deductions, the answer would of course be 'yes'. I got booted out just before the company got sucked into a mega-corporation known affectionately as Cash Registers And Phones. Didn't know it at the time, but those were the good old days.

Ahmeexnal's picture

No way in hell.


CPL's picture

The same play book.  The same time.  All over again.

DoChenRollingBearing's picture

I would imagine and hope that our people would see that .gov has long jumped the shark.  All of this just gets worse every day.  Is .gov TRYING to become ignored?  We will not even listen before long...

CPL's picture

I wish I could say it's going to get better soon, from this point but I'm not that interested in sugar coating it.  It's only going to get weirder once a gaunlet drops.  With those two other dead kids and the states going AWOL on the weapons registry.


Things are going to be brother on brother soon.  See I thought it was WW1 and this was the lead up to it.  Fucking forgot about the US civil war.  This is the replay of 1859.  Not 1910.  Shit...

ParkAveFlasher's picture

Santelli subtly suggests by saying "there were not many prosecutions" that the balance of judges probably dealt in the finer coinage themselves.  I believe the history proves there was some single confiscation levied upon a very vocal and visible holder.

The problem with intrusive government is that it feeds on the its own agents of power, thus reducing its power.  This is the one thing that keeps comlete gun control at bay.

That said, I can't believe Santelli keeps his sh!t in the basement.  That's just dumb.  Everyone keeps it in the basement.

alangreedspank's picture

You mean "Express way to hell".

francis_sawyer's picture

Highway to Hell


But francis_sawyer takes it as a challenge... After all...


Sudden Debt's picture


I have over 1380 purchases on my ebay account from the last 4 years.
So I wanted to delete all that info.

anybody ever tried to close down their Ebay acount?
I tried it the other way! I just clicked buy on 50 sites and didn't pay. I thought they would shut down my account for doing so :)....

so it did a 100... 200... 300 unpaid... 400 unpaid... NOW I'M AT 1290 and finally I get a warning!!!!
I can't bid anymore but my account is still there!!

I still got 70 unpaid items so I really hope that now they'll shut it down...
I'm changing the name in the account, adress, delete the paypal link....
and I hope it will close down and be deleted....

I also canceled my visa I used for those transactions and applied for another one at another bank.

It's pretty damn hard to delete all those records! I bet it's even impossible!

Mr Pink's picture

I NEEDED that 2 bucks for my used socks FUCKSTICK!

exi1ed0ne's picture

Once on the Internet ALWAYS on the Internet, delete key or not.

NotApplicable's picture

Google is not one of the world's largest server manufacturers on accident, that's for sure.

trollin4sukrz's picture

they dont call it "the web" for nothing.


lemonobrien's picture

there is no such thing as delete; i'm an expert. smarter than gov niggas; i builds ebays, facebooks, etc.


you never ever delete from a database; you just mark it; the info is backed-up daily; hourly; so it can be analysized; stored for later user; warrents; etc.


it might be removed on clean-up; monthly/yearly... but it is always there; on tape being analyzed by the irs;nsa;commerce department :)


flacon's picture

That's true. I work with Oracle db and it's very rare to delete something, just flag it in the table with a "Y" as deleted but the record is always there. 

Skip's picture

As the guy said, NSA knows all

Mr Pink's picture

Try selling guns or explosives. They weren't too happy with me when I tried it

Rustysilver's picture

Sudden Debt,

You know that PayPal is owned by ebay. Just in case ...

Zap Powerz's picture

So youre the guy that owes me money from Ebay!

Just kidding, I dont use that site.

I just the internet for ZH and porn.

Papasmurf's picture

If you linked your paypal to your bank and cancelled paypal ten years ago, they still have that on record.

forwardho's picture

Jesus, 1380 Ebay purchases?

I guess your debt was not so sudden.

BTW an electronic trace is forever. Everything, everything is saved and sorted.

Our lines of comunication have been breached.

azzhatter's picture

I give all mine away as gifts to people I meet on the street.

Winston Churchill's picture

Poker,was my downfall.
Just don't ask about my backgammon winnings,lost in a tragic
Simple to get around,pay in pounds yen,euros.
Says dollars.

Sudden Debt's picture

I loved my coins so much that I polished them every hour with silver polish...
and now they're all gone....

I knew I should have done it with sandpaper...

boogerbently's picture

You give your coldsores away on the street ??

JuicedGamma's picture

No silly he gives blow jobs for gold since he can't pay cash for it anymore.

Shell Game's picture

Ironicly, the unintended consequence of this sh*t is to push people toward barter transactions.  Fortunately, I have already bartered my barbarics and boom sticks for open bars and strippers....

NotApplicable's picture

No, that's hardly unintended. You do know that the IRS is one of the most armed agencies, right?

They push.

You evade.

They call you a criminal, then use the divided populace as a mandate to crush you.

As always, it's never the action, but the reaction.

Shell Game's picture

Waaait, are you saying I shoulda kept my boom sticks?   ;)


And the IRS is effective against the black market how again?

Landotfree's picture

The federal government can only establish lower agencies to regulate "public rights".    Gold ownership, just like gun ownership is a private Right.  Public rights can be changed, modified, regulated, etc. 

If you do not realize your Rights come from God and not a piece of paper, you will continue to be a slave to the system.

I had this IRS agent come by years ago, he came to the door.   He was like you owe this and owe that, I said, can you show me the final Order from the US treasury as to your claim.   He turned around, never saw or heard from him again.  

metastar's picture

These guys are criminals who do what they want, when they want and don't give a damn about no stinking law. The gun in the hand of the violent state takes what it wants by force.

Landotfree's picture

I could end this all with one state.  State cancel all agreements with the federal government which basically started in the 30s including SSA, normal tax, etc.  And yes, the federal government regulates and collects all this by agreement.  

Tell your seniors to establish their SSA in the state next door.   Watch the drain happen within months.


NotApplicable's picture

Well then, as soon as you getcha a state, call me.

Landotfree's picture

Most slaves hold their own chain.   I cut mine off long ago.   People have no idea how free they are, most remain bound by their own mind.

NotApplicable's picture

So why you peddling this statist plan then? o_O

Landotfree's picture

To Kill it for good, or more easily explain to those that don't understand how limited the federal government is.

Cathartes Aura's picture


If you do not realize your Rights come from God and not a piece of paper, you will continue to be a slave to the system.

which "God'?

whose "God"?

because whether you choose to aknowledge this or not, there are many Gods worshipped by many Men.

don't think that aligning "State" with "God" isn't part of the systemic problem. . .

CH1's picture

which "God'?

Why are atheists always pricks?

Al Gorerhythm's picture

Very Christian of you, brother. I wanna be saavvved!

francis_sawyer's picture

 "Wanna know a secret?... The GODS are jealous of us"

~ Achilles

Cathartes Aura's picture

just a stickler for details sir.

if someOne's "god" is gonna kill me, I'm curious as to which, in case karma re-incarnates & I have to "choose" again.

same if "god forsakes" me, y'know?  why would I trust Him again?

some folks "god" apparently want to give the State the power to make decisions about my body, and it just doesn't set well with me - you should understand, as many here are up in arms about their guns, imagine if it was their "pricks" being subject to .gov whimsy?


Curiously_Crazy's picture

You often make a lot of good points, it's just a shame that all to often you fall back into the whole female/male thing.


I'm in total agreement with you that a woman should be able to do what she wants with her body yet take it a step further back. If the woman *chooses* to have a cock stuffed inside her then that is her choice too. Ergo, Why is the male responsible for something she chose to have in her body? 


As a male, if I had the ability to reproduce and wanted total say in whether or not to keep a baby I would also take total responsibility for what I allowed to happen to my body that got me in that situation. If a drug user gets hepatitus is it the dealers fualt for providing that user with the drugs in the first place? I'd say it was the personal responsibility of the drug user to decide if maybe it's a wise thing to do in the first place without taking all precautions.


Apologies if I've got your whole subtext wrong.


Cheers's picture



Why are atheists always pricks?


I'm an atheist and I like people of faith just fine. Feel free to praise the Lord, just don't forget to pass the ammunition.

francis_sawyer's picture

I'm starting to like you Crockett ~ but I'm more 'agnostic' by description...'s picture

I agree with many of the things you say, francis. It's just that one pet phrase you use that distracts from and derails honest debate to which I object.

francis_sawyer's picture

I kno what you're saying... There are not many folks here on ZH that I would object to sitting down & having a beer with... [cept for qualifiable dweebs from the past like MAX FISCHER]...

In many ways I'm old fashioned... I pine about the days that men sat in candlelit taverns and discussed these matters among MEN [NOT to exclude women ~ because it would have been all the better if, in the era, women who were so inclined were invited to participate]...

Unforttunately ~ there are no 'candlelit taverns' these days, the beer sucks, the INTERESTED women [who were never invited before], might have more compelling things to do, & a whole bunch of other things...

So ZH is it... [for BETTER or for worse]... I'll go ahead and say it's a 'blessing' [as times do stand]...