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A Bill to Register Buyers of Gold and Silver Coins

Written by Gary North on January 8, 2013

It had to come. It has been introduced in Illinois, the most anti-gun state in the USA.

Creates the Precious Metal Purchasing Act. 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. Provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500. Provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties.

To read the whole bill, click the link.

Continue Reading on www.ilga.gov

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153 thoughts on “A Bill to Register Buyers of Gold and Silver Coins

  1. Texas Chris says:

    First, register. Then, confiscate.

    • Bill Smith says:

      First, register. Then, tax. THEN, confiscate.

    • This was done once before when the federal govt confiscated all the gold and made owning gold coins illegal.
      If everyone will remember, a family who inherited a cache of antique gold coins had them confiscated by the feds recently as they were owned during that time of illegal personal gold coin ownership.
      It is coming again. As the govt runs out of money, they work very hard at confiscating anything of value…..gold, guns, food….you name it.

      • Bob Marshall says:

        Well said!

      • taminator013 says:

        That isn't why they were confiscated. Those coins were stolen from the US Mint.

      • The government NEVER "confiscated all the gold."

        FDR threatened to expose large companies who had withdrawn gold if they didn't return the gold in favor of paper money.

        The companies complied.

        There is NO evidence that government came after individually-owned safe deposit boxes, either.

        And yes, that "cache of antique gold coins" was STOLEN by a family member from the mint.

  2. TaxmanCometh says:

    Note there is no reason given for the rule, just another rule. On a value basis, an ounce of silver costs less than a bottle of fine French wine. So should we register wine, or caviar next? If you bake me a cake, I will fix your toilet. And you child better not try to sell me a cup of lemonade either. Oops we just avoided taxes – where will they stop……….

  3. WTF is this all about?
    Thanks all you jerks who voted democrat!

  4. JohnWayne says:

    More Democrat control BS! These Communist SOBs need to go!

  5. Alan Spik says:

    I guess nobody noticed it was written by Sen. Kirk W. Dillard. A republican. Yeah, thats right. Someone who cares about you and yours. If you're a millionaire.

    • Glen Ganges says:

      In the Progressive Republic that is Illinois, Republicans and Democrats are the same beast. There is no difference. In any case it appears this is directed towards wholesalers – people who are in the business of trading preceous metals.

      • You can try to explain it away, but the fact remains, the author of the bill is a Republican. Definitely not the same as a Democrat.

        Republicans are all about making the wealth filter up to the top, whether it's through "trickle-up" economics, or plain and simple theft.

    • Glen Ganges says:

      Upon further review the bill looks to be directed towards jewelry and pawn shops. Likely as a stop for stolen goods. For years aluminum guard rails on the south side have been disappearing and ending up at recyclers. Same thing. Still – Illinois is one very screwed up state. I never realized the depth of the corruption and all of the counter culture ties until Obama was elected.

      • Riiiiight, so basically you're saying you didn't really give a shit about corruption until the guy you didn't want to be elected got elected. It's always been there, it's always been a problem – you just didn't care until now.

        • What he meant was, the corruption in Illinois didn't affect him until it was shoved in his face by the Illinois politics going national in the person of BHO. I suspect most of us not from Illinois are the same–we knew about Chicago corruption, but the current administration makes it "up close and personal".

    • S. LaMarco says:

      Same booze, different label.

    • CaptTurbo says:

      liberal trash in any case.

  6. Kirk W. Dillard is a Republican member of the Illinois State Senate, representing the 24th District since 1994 and a former Chairman of the DuPage Republican Party. He is a resident of DuPage County and currently resides in Hinsdale, Illinois. Wikipedia

    Don't get it yet? There is no difference in parties, stop playing their game. It is simply THEM (the Elitists) against US (The People).

  7. Take Action By Suing says:

    Want to take action and get your toes wet using the courts to defend the constitution. He's a relatively easy type of constitutional case to take on. It could be a "my first lawsuit against an unconstitutional law" type of case. Read on…

    State governments will sometimes pass laws requiring that payment be made by check or voucher for certain things.

    However, the Constitution of the United States provides that "No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts." Article I, Section 10, Clause 1.

    Here's how this works:

    You hand ownership of your gold and silver ingots over to the dealer. The dealer now owns them and is indebted to you. The State of Illinois is mandating that that debt be paid by check or some method other than cash. Other states do similar things. For example, Connecticut law mandates the payment be by check, and that the check cannot be then cashed by the dealer that issued the check. Louisiana passed something similar in the last few years. These states are thus making something other than gold and silver coin legal tender (under state law) for the payment of debts. This is a violation of the US Constitution's Article I Section 10.

    You bring a lawsuit seeking to strike down the state law. Notice, you're not attacking FEDERAL legal tender laws (that's another matter for another day), you're seeking to strike a STATE law that makes something besides gold and silver coin legal tender for the payment of debts.

    In addition to the Constitutional issue, the state law in question also violates federal legal tender law. See 31 U.S. Code Sect. 5103. Federal law provides:

    "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts. "
    - Title 31, United States Code, Subtitle IV, Chapter 51, Subchapter I, Section 5103

    Thus the state law also violates federal law, giving you an additional legal ground for attacking the validity of the state law in question.

    Time to litigate against the bureaucrats!

    • Glen Ganges says:

      Great point. In additiona I just read an article in Mises Daily regarding pork but in reality about big agra in general. One of the points was regarding the federally mandated "check off" programs for beef, pork and poultry for every animal taken to market. This check off tax then pays for the federal agencies and agra counsels that promote said beef, pork and poultry and I am sure a fair bit of beuracracy. In any case the Supremes in a 6-3 decision (Scalia holding for th majority) ruled the check offs to be consitutional because it involved government speech which is apparently different from individal free speech. So in effect the government can mandate a tax in order to engage in propaganda of any type. I am sure there is a "check off" coming for gold and silver purchases out there some where.

    • DoktorThomas says:

      Good idea. However, with the enactment of the felonious Federal Reserve in 1913, the meat of this clause has been gutted. The fed.gov has enforced it on occasion against stores giving tokens, retailers accepting bullion payments and few State scams. But everyone had their Constitutional rights violates multiple times last year (do your own research). That's more than billion viable claims against a defendant with deep pockets. One only has to read lame stream media to get a handful of new additional claims. Breaking the law and violating citizen rights are two of the fed.gov's most pervasive outcomes. (Get your own law degrees.)

      The States, on the other hand, violate citizens rights nearly every minute. Unfortunately federal law suits preceded by the appropriate state action are costly and time consuming. But suing the governments out of existence is a wonderful concept. Too bad lawyers are so gutless…

  8. Consider the crap state this comes from. Mob rule always requires you to post your valuables so they know what percentage of protection you need to pay. We all know how well governments protect your information, like the New York gun owners. Criminals love to know who has high yield valuables to steal and governments love to collect information. Control freaks forget that they are easily manipulated by other control freaks.

  9. [...] more: teapartyeconomist.com/2013/01/08/a-bill-to-register-buyers-of-gold-and-silver-coins/#ixzz2HOigI65Y Posted by ipso_facto @ 10:20 am :: Uncategorized Comment RSS :: Trackback [...]

  10. Time to draw a line in the sand. Problem is 47% of the voters don't know the difference between a line in the sand and a line from the White House Press Secretary.

  11. MontanaMel says:

    Why hasn't someone noted that this "bill" was from LAST YEAR???

    AND…since it's from last year, it is "moot" due to that body being over with, ended.

  12. [...] http://teapartyeconomist.com/2013/01/08/a-bill-to-register-buyers-of-gold-and-silver-coins/Related posts:Hangover Heaven: The Vegas Hangover Cure on WheelsImperial Amerika's Establishments of Fine CultureWoman dies after genital kick from LAPD officerReality Check: DNC Runs Over Delegates With Scripted Platform VoteElites Play Waiting Game with EuropeReality Check: Who Is Behind The Commission on Presidential Debates? Are The Debates Rigged?Pirate Bay and Mega: Treating the State as Damage and Routing Around ItBen Affleck Defends TSA 'Dick Grabbing'Monsanto Funded Anti-GMO Labeling Campaign Gets Away with Impersonating Govt. AgenciesThe Bush Dynasty ContinuesOccupy debt-relief campaign buys, forgives $100,000 worth of debtTSA Creates New Watchlist Of Those Who Failed Pre-Check ApplicationsAmericans Are The Most Spied On People In World HistoryOne nation under drugs, with slavery and sickness for allTax Break Included in "Fiscal Cliff" Bill Will Benefit Warren Buffett This entry was posted in Alternative News and tagged Money, Police State, Precious Metals, Statism by admin. Bookmark the permalink. [...]

  13. Allow this totally unconstitutional act and they will soon be coming for Great-grandma's silver service, too. Privately-owned gun registration followed by confiscation is exactly what NAZI Germany did. After the NAZIS disarmed the population privately-owned precious metals had to be registered and that, too, was followed by confiscation. Wake up, America, before you find government-empowered thugs removing YOUR teeth fillings in a barbed wire-enclosed camp!

  14. [...] A Bill to Register Buyers of Gold and Silver Coins [...]

  15. bondservant says:

    Curiously, the wife of the Republican proposing this bill is the great, great granddaughter of the Illinois governor who nominated Abraham Lincoln for President. The belief in an oppressive centralized government might just be bloodline-related.

  16. [...] it is only proposed in the freedom loving state of Illinois, it could come to your state next. A Bill to Register Buyers of Gold and Silver Coins Jim R.I.P. Rich Hartford Reply With [...]

  17. Zombee Patriot says:

    Its all about future confiscation by a tyrant regime …that is if we stand by and let them. Resistance will become necessary in order to save our Constitutional Republic from a Progressive Marxist regime.

  18. They can sit and spin on my golden PHALLUS.

  19. [...] January 8, 2013:  A Bill to Register Buyers of Gold and Silver Coins in Illinois. Creates the Precious Metal Purchasing Act. 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. Provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500. Provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties.  Posted by Gary North [...]

  20. OK, I'm as suspicious as the next guy, but this clearly seems to be regarding people "in the business of purchasing precious metal" have to document the SELLERS of metal to them, not the buyers. Am I missing something? I would think that was intended to prevent pawn shop or coin dealer sales of precious metals from burglars, and prevents payment in cash. This looks like for SELLERS to PRECIOUS METAL BUSINESSES. Not that I'm for ANY additional government regulations, but someone please clarify this one for me. Am I wrong?

  21. This is a preemptive maneuver to be able to confiscate gold from the people when they flee to gold and silver as the dollar becomes worthless due to massive money printing by the central bankers. You have to understand that the bankers run the gov't, both sides – republican and democratic.

  22. kttours360 says:

    This post is irresponsible. It's spreading fear and uncertainty.

    This bill failed to pass the House in the 97th General Assembly, which adjourned on Tuesday, Jan 8th. That's not to say it won't be reintroduced, but technically that bill is dead. When the new lawmakers were sworn in on Wednesday, the whole process starts over. They'll have to re-file anything that didn't pass by Tuesday night

    REAL reporters know that. Blowhards who parrot others do not. I'd doubt everything ever written on this web site.

    Here's the link, and if you scroll down to the bottom you see that the final action was still in committee: http://www.ilga.gov/legislation/billstatus.asp?Do

    bill is dead.

  23. Freedom_Rifle says:

    Quit using the enemy’s terminology, i.e. “assault weapon.”

    The powers that be are not after our “assault weapons.” They are after our “freedom rifles” because they hate us for our freedom.

  24. DoktorThomas says:

    While the führer-ish bill may appear dead, the federal government has taken citizen gold in the recent past (the Federal Reserve has taken 95.6% of the dollar's value since 1913). The concept of States engaging similar property rights violations, especially in high corruption states like Illinois, is not far fetched and certainly not off the table. The crooks running Illinois face a current 104 billion dollar deficit (Google: "governor in prison" or "Dixon IL" or "Capone" or "Jessie Jackson Jr." or "Chicago crime" or "Chicago death rate"). State legislators will take citizen property long before they'll forgo their big salaries and entitled perks, not to mention crony financing of their family and friends. BTW, property tax is taking citizen property; IL taxes are already top ten. Illinois sells its roads, which were paid for by taxpayers so they own them not the government, to foreign investors. Thievery is rife on both sides of the razor wire. © 2013 The Lincoln land politicians earned the tag "death spiral state"; it wasn't befallen.

  25. First one through the door meets his maker anyone else after that is a bonus.

  26. [...] A Bill to Register Buyers of Gold and Silver Coins… [...]

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  30. This is a preemptive maneuver to be able to confiscate gold from the people when they flee to gold and silver as the dollar becomes worthless due to massive money printing by the central bankers. You have to understand that the bankers run the gov't, both sides – republican and democratic.
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  31. Allow this totally unconstitutional act and they will soon be coming for Great-grandma's silver service, too. Privately-owned gun registration followed by confiscation is exactly what NAZI Germany did.
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  32. Time to draw a line in the sand. Problem is 47% of the voters don't know the difference between a line in the sand and a line from the White House Press Secretary.
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  34. Allow this completely unconstitutional act and they will soon be arriving for Great-grandma's gold assistance, too. Privately-owned gun signing up followed by confiscation is exactly what NAZI Malaysia did.

  35. Kirk W. Dillard is a Republican participant of the The condition of illinois State Us senate, comprising the Twenty fourth Region since 1994 and a former Chair of the DuPage Republican Celebration. He is a citizen of DuPage Nation and currently exists in Hinsdale, The condition of illinois. Wikipedia
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  37. Allow this totally unconstitutional act and they will soon be coming for Great-grandma's silver service, too. Privately-owned gun registration followed by confiscation is exactly what NAZI Germany did.


  38. Surprisingly, the wife of the Republican suggesting this bill is the excellent, excellent daughter of the Il governor who selected Abraham Lincoln subsequently for Chief executive. The perception in an oppressive central government might just be bloodline-related.

  39. Note there is no reason given for the rule, just another rule. On a value basis, an ounce of silver costs less than a bottle of fine French wine

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  126. Yusuf Aliu says:



    PURITY: 92%
    CARATS: 22+

    MR Yusuf Aliu.

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