To "The Precious Metal Purchasing Act" From Executive Order 6102 - Santelli's Take
"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.
(45 votes)
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Yeah, and the war on drugs and poverty worked so well, too.
Oh and BTW, don't forget that the COMEX is lacated in Chicago and they've been pushing for outlawing of gold ownership for a long time...
Jesus....
'Specially now that they don't own any. DOH!
Did you mean that the COMEX "lactates" in Chicago? Because that makes perfect sense to me.
They are milking it for as long as they possibly can after all.
Well come on. If they need it how else are they going to go out and find it?
/sarcasm
I wonder if whatever supposedly is in Ft. Knox will be registered...
Cant get an audit, so i guess registration is out,
We'd be more than happy to provide with an audit from both Ft. Knox & WP= MT
Nothing fucking surprises me anymore...nothing.
We are totally fucked by a completely corrupt and power centric fucking government and global financial fucking power elite.
Fuck all of them straight to fucking Hell. No pain is enough for these fuckers.
We are constantly being urinated upon, and laughed at while being further enslaved and robbed
no, that stuff is a lot heavier and .. oh crap ..
Government is and always has been organized crime. They steal from you and extort from you. If you dont play by their rules (even if youre not hurting anyone) they throw you in jail. If you are a threat to their power, they will just kill you. What about that isnt like organized crime?
Its the perfect business model. You either buy from them (pay taxes, obey their rules) or you die or go to jail.
The best way to ameliorate this human predisposition is decentralization, in my opinion.
Perfect business model complete with monopoly.
+1 for bounteous use of f-bombs, Bravo!
Hey Soupy, haven't seen you in a while. Welcome back.
Yeah, took a nice long vacation to get the mind right. I'm less angry and relaxed now...
Spoken like a genuine native Chicagoan. It takes a special gift to effectively use the term as every possible part of speech in a single sentence - and Chicago has more of these fuckin' savants per capita, including the current mayor, than most places in world.
If fear of confiscation of guns caused the biggest bull market in them, wonder what will happen to gold?
I got some old gold folied chocolate coins they can have
Fuck em!
Better get an audit on canoes and lakes too.
Bullish for sonar reflectors.
Taken care of in Canada:
Need your boating license? If you operate any motorized recreational watercraft in Canada you are required to obtain a Pleasure Craft Operator Card*, commonly known as a boat license. The Operator Card is required regardless of age, size of boat or engine horsepower. It's the law. Boaters obtain the official Transport Canada Pleasure Craft Operator Card by taking the BOATsmart!® Safe Boating Course and Boating License Exam online
If you do not get the boating license and use your boat there, are you sunk?
Most canoes I know of don't require 'motors'...
all the better to institute tipping fees ;~)
Too late! I lost mine in Canada last fall. (See details on page 4 or something).
Too late! I lost my Precious last Fall, and outside their jurisdiction, in a canoeing accident in Canada. Details on my post (on p.4, I think).
"pretty good day on Wall Street" ? What the hell does this clown want? 2.50% higher in a day? Stupid CNBS
Gold and silver both outperformed the market on the dollar drop.
If this get passed, I anticipate the long awaiting hyper-inflation (and rise in GLD/SLV) with it.
1. $600+ TT OTC Derivative apocalypse
2. Global Bond Mkt implosion
3. Global Currency crisis/wars
Ends/Results in:
Global Hyperinflationary Depression
The End~
Isnt it The Peoples gold ? Not the FEDs.. Not the schmucks that be.. The peoples...
Well i want mine back...assayed first
even if you are not winning the race, you are losing it.....LOL
Lately I get the feelin that if I don't win, I'm at least gonna break even.
A paraphrase of the 3 laws of Thermodynamics:
1) You can't win
2) You can't break even
3) You can't get out of the game
So are people just going to sit on their asses while everything is taken away or are they going to do something about it? That is my question.
Let's see some confiscation perspective from down under.
https://www.youtube.com/watch_popup?v=fGaDAThOHhA
They will combine the gold and gun confiscaton. It will be promoted as a spending cut.
NOOOOOOOOOOOOO--they come for the weapons first, and then the metals--ask the Templars (well, you could if they were still around).
Didn't the remainder bugger off to Ireland and call themselves Masons? ;)
Fucking scary Doc...
Next thing you know they'll be banning unfortunate boating accidents.
Anyone know a good gold dealer in Zurich, Switzerland??
No,but I do know a good one in Bellinzona.
I know there's a good one in Galt's Gulch. But I've been unable to locate the place. Anyone from there reading this, please beam me up.
On second thought, I'll take Dredd's third option.
Thanks, but needs to be in Zurich.
Eyes, and cameras everywhere in the the big cities.
Discretion is the better part of valo(u)r
Ask Simon Black. I'm sure he can direct you where to go from his ranch in Chile.
Somon can probably also tell him where to buy a good watch ;-)
Gstaad
It's a GOP, mainly, sponsored bill. That's fucked up.
Makes sense to me.
Oh really? GOP are as statists as democrats. Just on different things.