Free Republic

The slippery slope to confiscation has begun. Gold and silver buyers could soon have to register with the state of Illinois. Rick Santelli provides an update on legislation that requires every gold and silver transaction to be registered with the State. Here are the basics. The bill, officially called SB-3341, was introduced in 2012, immediately passed the Illinois Senate and is now awaiting action by the House.

Gold Confiscation Not A Possibility Hi Jim,I know you receive tons of emails, so I will get right down to the core of my question. In a note on kingworldnews.com today Richard Russell wrote:“At any rate, I’m personally torn between putting all my assets into bullion gold coins or leaving half in gold and half of my assets in US dollars. In their demand to making Fed notes the only legal tender money, I believe the Fed (and the government) would stoop to any trick or law or machination to ensure that Americans must accept Fed notes as the...