Precious Metal Purchasing Act - State of Illinois

To "The Precious Metal Purchasing Act" From Executive Order 6102 - Santelli's Take
Submitted by Tyler Durden on 01/10/2013 15:47 -0500

"Ever heard of SB3144?" 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."

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GoldBugJoe said:

It should not at all be surprising about this kind of thing. It is only too well known among crowds of PM investors that possession is suppressed in any manner and for possible including a real education among the general public as to why PM's are important in the first place. But it is mostly a matter of principal as to why people become convinced to invest in the first place, at least it is for me. Current political principals are completely ass bakcwords. Santorium is probably getting a cut from the bank lobby.

What a disgrace.

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