Author Topic: Prepare To Give Up All Private Data For Any Gold Purchase Over $100  (Read 3479 times)

Maryetta

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...A bill proposed in the State of Washington (House Bill 1716), by representatives Asay, Hurst, Klippert, Pearson, and Miloscia, whose alleged purpose is to regulate secondhand gold dealers, seeks to capture "the name, date of birth, sex, height, weight, race, and address and telephone number of the person with whom the transaction is made" or said otherwise, of every purchaser of gold in the state of Washington. Furthermore, if passed, Bill 1716 will record "a complete description of the property pledged, bought, or consigned, including the brand name, serial number, model number or name, any initials or engraving, size, pattern, and color or stone or stones" and of course price. But the kicker: if a transaction is mode for an amount over $100, which means one tenth of an ounce of golds, also required will be a "signature, photo, and fingerprint of the person with whom the transaction is made."...

Edited due to copyright issues -- please see here for Fair Use info.

Copy of full bill: http://apps.leg.wa.gov/documents/billdocs/2011-12/Pdf/Bills/House%20Bills/1716.pdf

Source: http://www.zerohedge.com/article/prepare-give-all-private-data-any-gold-purchase-over-100
« Last Edit: February 18, 2011, 08:30:25 PM by Mr. Bill »

Offline Mr. Bill

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Re: Prepare To Give Up All Private Data For Any Gold Purchase Over $100
« Reply #1 on: February 18, 2011, 09:25:44 PM »
Oh yeah, that's nifty.  It claims to be for the purpose of regulating shady "cash for gold" businesses, but it's written in a way that will make it very difficult to sell many precious metal coins.  Let's see here...

The bill is specifically regulating "secondhand dealers", which includes "every person engaged in whole or in part in the business of purchasing, selling, trading, consignment selling, or otherwise transferring for value, secondhand property".  (So it doesn't affect private transactions with people who aren't "in the business".)

"Secondhand property" is "any item of personal property offered for sale which is not new, including metals in any form, except ... coins that are legal tender, bullion in the form of fabricated hallmarked bars..."  So old US silver and gold coins are exempt, as are the modern American Eagle bullion coins, which have a face value in dollars.  What about coins that are legal tender in other countries?  Or used to be legal tender but aren't anymore?  Dunno.  But it looks like privately-minted bullion coins are not exempt (unless you can convince a court that they're actually "fabricated hallmarked bars" that happen to be round).

For non-exempt sales to a secondhand dealer, the data collection includes the signature, photo, name, birthdate, sex, height, weight, race, residential address, telephone number, and a copy of both sides of the government-issued ID of the customer, plus a fingerprint for transactions over $100.  This is only a portion of the recordkeeping required.

Any precious metal purchased must be kept at the place of business (or in the same city or county for transient businesses) for 45 days after it's purchased, and not resold during that period.

Oh, and there's a "no-fly list" too: if the police chief or county sheriff publishes a list of people who have ever been convicted of theft, the dealer can't do business with any of them.

Yep, if that gets passed in its current form, it'll throw a real monkeywrench into the operation of coin shops.

Offline rustyknife

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Re: Prepare To Give Up All Private Data For Any Gold Purchase Over $100
« Reply #2 on: February 19, 2011, 09:40:38 AM »
Sounds like a good black market opportunity to me ;D

Offline Malamute

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Re: Prepare To Give Up All Private Data For Any Gold Purchase Over $100
« Reply #3 on: February 22, 2011, 04:23:15 PM »
The government is trying to scare people into selling their gold.  They'll dupe a certain percentage of people.  Probably about 33%, like Roosevelt back in the 30s.

Offline Schmidt

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Re: Prepare To Give Up All Private Data For Any Gold Purchase Over $100
« Reply #4 on: February 22, 2011, 10:34:56 PM »

Any precious metal purchased must be kept at the place of business (or in the same city or county for transient businesses) for 45 days after it's purchased, and not resold during that period.
...
Yep, if that gets passed in its current form, it'll throw a real monkeywrench into the operation of coin shops.

The coin shops generally have higher margins over spot than online. And delivery for purchases online will be before coin stores.

Coin shops will stop selling silver and gold, they can barely compete with online as it is.

Offline RPZ

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Re: Prepare To Give Up All Private Data For Any Gold Purchase Over $100
« Reply #5 on: February 23, 2011, 06:38:53 AM »
Moral of the story; keep your gold for private barter and transactions.

Offline bettertohaveit

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A new House Bill to track our Gold & Silver stash! B.O.L.O.
« Reply #6 on: March 30, 2011, 11:43:31 AM »
This one has got me VERY concerned.  Now they will know who has it and where to find it.  They've confiscated precious metals before and I won't be shocked when they do it again.

http://seattletimes.nwsource.com/html/localnews/2014592258_golddealers25.html

Offline ag2

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Re: Prepare To Give Up All Private Data For Any Gold Purchase Over $100
« Reply #7 on: March 30, 2011, 01:41:13 PM »
This should be fought tooth and nail.   Legal tender is not permitted for transactions over $100!!!  Shut the front door!
Another step toward communism.

35 (f) The price paid. If the amount paid is greater than one hundred
36 dollars the amount may not be by cash but must be by a written
37 instruction to pay signed by the person giving the instruction;......................

transaction was made, which shall consist of a
3 valid driver's license or identification card issued by any state or
4 two pieces of identification issued by a governmental agency,

Offline RPZ

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Re: Prepare To Give Up All Private Data For Any Gold Purchase Over $100
« Reply #8 on: March 31, 2011, 09:30:04 AM »
RE: Bettertohaveit's article
Quote
Rep. Katrina Asay, the bill's lead sponsor, says the increasing market price of gold and silver has led to a corresponding rise in both illicit cash-for-gold operations and precious-metal thefts. Home robberies in Asay's King County district were up 15 percent in the past year, and much of what was stolen were gold and silver items such as jewelry and silverware, she said.
Home robberies are going up everywhere for many reasons. None of it has to do with the price of gold and silver.

And since when have home burglars, robbers, not bothered to take gold and silver items? This propaganda really prays on people who can not think for themselves.. It is also indicative of the elites' concern that the peasants should not be allowed to maintain their privacy in pursuit of wealth.

However the solution is easy, and at the moment the best thing to do anyway; hang on to your gold and silver. The price is no where near the ceiling it is going to reach yet. When it gets there use it for barter.

Offline Crash

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Re: Prepare To Give Up All Private Data For Any Gold Purchase Over $100
« Reply #9 on: March 31, 2011, 10:49:35 AM »
Registration is the 1st step to confiscation. It's the same thing with guns. They want to know how many you have and what you have so they can at some point confiscate them.

Now, NWT Mint is in Federal Way, WA and will be subject to this law. They buy and sell gold all the time. I wonder what this will do to them?

Never register and never consent.