I can’t believe they passed that in Houston when did that happen? I did a bing search and can’t find much info.
They must accidentally hit upon the exact form of wealth rabid liberals have secluded. When they do this and they ‘register’ ‘tax’ and ultimately ‘confiscate,’ their former government accomplices become enemies.
One wonders if Obama and crew are stupid enough to attempt it.
Although I’d oppose the regulation, there is at least some rational basis for keeping a record of when private sellers sell gold to a pawn shop or other buying shop. But there is no reason to register the purchase of gold by private citizens.
Interesting...what happened to innocent until proven guilty?
Shades of 1933. Registration leads to confiscation. This time, they’re trying to get it right, by including ALL sources of precious metals, and not just bullion and coins. Can’t have the serfs being in charge of their own wealth, now can we?
Many (if not most) reputable pawnshops and second-hand shops do this kind of thing anyway, to ensure that they don’t get stuck with stolen merchandise.
Good luck with that one. :-)
If the red state, and no way am I thinking of a blue state, wants to protect itself and its citizens from the federals, the way to do it might be to set up a state public and private gold and silver repository.
An important part of this is that the state would purify all its gold and silver holdings to .9999 purity, engrave them with a complex hologram and unique code for each piece, then seal them in a tamper resistant container with verification window.
This would mean that, in future, the gold was guaranteed, and would not have to be assayed for purity. This is similar to what the Canadians do with their Maple Leaf coin.
Importantly, the state would offer such purification and certification for a fee to gold and silver owners, doing the same to their gold and silver if they wanted to.
Here’s the zinger. Citizens could also “demand deposit” their gold at the state repository. However, the state would *insure* their specie from any federal grab. When deposited with them, it would be assigned a market value that would not be pegged to the gold market or federal law, but was based on its value when deposited.
When the feds descended on the repository to steal it, the state could say that the specie is not privately owned, but owned by the state—remitting its *original* value to the gold owners.
This means that the state says to its depositors that while they can’t have their gold back, they don’t have to sell it to the feds at whatever nominal amount they set, but instead get their money back. And the feds cannot seize the gold from the state.
Likewise, the state promises that if the feds relax the specie ownership law, the original depositors can give that exact amount of money back for their gold.
Thus, the people and the states win, and the feds get bupkus.
bkmk
4th and 5th amendment violation.