Gold and Silver Restrictions Coming

Reading time: 626 words, 2 pages, 2 to 3 minutes.

The article below is written by Dr. Gary North an American economic historian and publisher who writes on topics including Christian theology, economics and history, and whose website has material open to the public as well as restricted to subscribers. He recently wrote the article below about Connecticut making gold & silver dealers report customer’s names. I’ve copied the article in its entirety including Gary’s links.

I’ve heard rumors (unsubstantiated so far) that Illinois is also planning similar legislation. I’ve been expecting this. Now I’m warning you! This will probably spread to other states and countries as well. This is how the authorities operate. They start small, and if there’s no opposition, it spreads. If there is opposition, they find a way around it. They will pass laws to over-regulate gold and silver dealers and drive most of them out of existence. Those dealers who do remain open must report the names of customers to the authorities.

This is important because, in the future, desperate governments will confiscate your gold and possibly silver as well. Gold & silver coins and bullion are easy to conceal and the authorities do not have the time or manpower to search each and every home in the country. So, by having a list of gold & silver customers’ names and addresses, they will know exactly who to come after. Refusal to cooperate will, of course, be a punishable offence.

In other words, your window of opportunity to acquire gold & silver is closing. Once dealers are required to name names, your precious metals will be at risk of confiscation in the future.

I also urge you to read Jim Sinclair’s latest message, The Elites Frightening Plan To Control The Masses.

Don’t say you weren’t warned.

Gerold
April 27, 2013

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Connecticut: “No Guns, No Gold”

Written by Gary North on April 26, 2013

You probably know about the gun control bill that was voted into law this month. Gun manufacturers are threatening to move out of the state. The story is here.

The state is now about to shut down all coin stores. A bill to require complete record-keeping on all sales, including photos of every coin sold, and recording the ID of every buyer and seller, is about to be passed into law. The cost of complying will shut down the stores. Read about it here.

AN ACT CONCERNING PRECIOUS METALS OR STONES DEALERS.

To require precious metals or stones dealers to provide a periodic statement of transactions in an electronic format to the local licensing authority and retain any goods purchased for at least ten days, and to make the requirements applicable to precious metals or stones dealers similar to those applicable to secondhand dealers.
Introduced by: Public Safety and Security Committee

You may recall that the terror of the French Revolution was run by the Committee on Public Safety.

How bad is this proposed bill? Here are the details, from the state’s website.

Property Description. Under the bill, the record’s property description must include:
1. all distinguishing marks, engravings, and etchings;
2. names of any kind, including brand and model;
3. model and serial numbers;
4. affiliation with any institution or organization;
5. dates;
6. initials;
7. color;
8. vintage; and
9. image represented.

Digital Photographs. The bill requires a digital photograph of property that does not have any identifiable numbers or markings. A number corresponding to the number assigned to the property’s entry in the record-keeping system must be visible in the photograph and remain attached to the property until its disposition or sale.

Bullion and Coins
For bullion and coin sales, in addition to the requirements under current law, the bill requires dealers to keep the record in English, be consecutively numbered, and include the seller’s general description.

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About gerold

I have a bit of financial experience having invested in stocks in the 1960s & 70s, commodities in the 80s & commercial real estate in the 90s (I sold in 2005.) I am appalled at our rapidly deteriorating global condition so I've written articles for family, friends & colleagues since 2007; warning them and doing my best to explain what's happening, what we can expect in the future and what you can do to prepare and mitigate the worst of the economic, social, political and nuclear fallout. As a public service in 2010 I decided to create a blog accessible to a larger number of people because I believe that knowledge not shared is wasted.
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