Hmm, is it legal for Illinois legislators to make US Currency illegal? And register your gold purchases?

by Skip

Gold Bars

What ever happened to:


A most disturbing post over at Zero Hedge – Illinois legislators think that gold is about on par with guns – you have to register your purchase and you cannot pay in cash (SB3144).  It’s sorta like, well, they want to track who has what. After all, Obama’s Progressive Hero, Franklin Delano Roosevelt confiscated all private property gold on April 5, 1933 simply by issuing an Executive Order.

“…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.” (SB3144)

From the post, this pithy summary:

“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.”

And you have to do that registration either at a Sheriff’s or Police station.  Gee, do you know what kind of database THEY have access to?  Hint: it ain’t the SEC, the Fed, the IRS, or Treasury.  I wonder whose database you’d end up in if you insisted on cash?

Let Rick Santelli ‘splain it to you:

 I have no idea why the Illinois legislators think that this is:

  • A good idea
  • Why should they even be involved in how much gold someone has?

Oh right – this is Chicago in the Era of Obama.  Need I say more?

Leave a Comment

  • Hang onto your guns – it will be harder for criminals (uniformed or not) to steal your gold!

  • You know, a lot of states would like to make the Federal Reserve Note, AKA fiat dollar, illegal, and several have done something – to whit, passing legal tender laws which explicitly permit the use of gold and silver for settling debts, public and private, inside the state.
    While the Feds prepare to repudiate the people, the people are preparing to repudiate the Feds – hmmm – wonder if that will end well??

    • C. dog e. doG

      That’s why we have the second amendment: to add some teeth to the 1st.
      – C. dog

      • Exactly – also click through to Pete’s article.

  • C. dog e. doG

    High time for a black and gold market? Perhaps New Hamster should initiate some first mover advantage by becoming a precious-metal-friendly place for people to exchange gifts and settle debts?
    – C. dog

  • Pingback: Obama WILL announce a gun registry tomorrow – and some want to track your buns, too — GraniteGrok()

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