Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench

Connecticut Begins Gold Dealer Shutdown

IMG Auteur
Published : May 01st, 2013
684 words - Reading time : 1 - 2 minutes
( 6 votes, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Crisis Watch

With CT already having a gun-grab bill on the table, it'd be best for the socialist state if it cancels their citizen's rights now than try after their heads become clear with visions that maybe they should get some gold (maybe) afterall! Political blowback would splatter those political incumbents who stole those rights.



Family-owned coin dealer shop in Connecticut



April 30th, 2013


by Jeff Berwick

If you don’t own gold yet, you might really want to hurry up and get some. We keep saying it, but this time it’s not just because physical precious metals are getting incredibly scarce. Purchasing gold may become outright illegal if what’s going on in Connecticut is any indication.

Even if Connecticut’s plan to track all gold sales isn’t a harbinger for a modern day Roosevelt-like ban on gold ownership, it will at the very least drive gold bullion dealers out of business with the cost of complying with the new regulation. That will create artificial scarcity in Connecticut and could set a precedent for other US States.

From the Connecticut General Assembly 
website:

AN ACT CONCERNING PRECIOUS METALS OR STONES DEALERS.


To require precious metals or stones dealers to provide a periodic statement of transactions in an electronic format to the local licensing authority and retain any goods purchased for at least ten days, and to make the requirements applicable to precious metals or stones dealers similar to those applicable to secondhand dealers.

Introduced by: Public Safety and Security Committee

As economist Gary North pointed out concering this bill: “You may recall that the terror of the French Revolution was run by the Committee on Public Safety.” In the section on “Bullions and Coins”, the bill says:

For bullion and coin sales, in addition to the requirements under current law, the bill requires dealers to keep the record in English, be consecutively numbered, and include the seller’s general description.

Did you catch that last part about including the seller’s general description?

This may be only the relatively tiny state of Connecticut, but the very fact that any government in the US is paying so much attention to gold transactions should send a very clear signal. Not only should you be running — not walking — to get more gold …You should also be running 
to get a lot of it outside of the US as a clampdown seems to be in the works.

Maybe it’s no coincidence that this bill is being introduced in Connecticut. It may not be long before the federal government starts publicly associating precious metals and Bitcoin with “terrorists” who are trying to hide their purchases of bomb-making materials. The state of Connecticut and the city of Boston, Massachusetts have been host to the kind of violence that governments love to use to restrict gun ownership and to increase surveillance powers. It wouldn’t surprise me if we saw similar legislation to what Connecticut is proposing coming out of Massachusetts. Eventually, I imagine such legislation sweeping across the US.

There will come a time when you will simply not be able to get precious metals because of a lack of supply (and no one will sell at any dollar price) … or because purchase and ownership of the metals will be flat out illegal. This isn’t hyperbole. This is a prediction based on history and current trends.

We have all watched as mere penstrokes have increased the state’s power to monitor, spy upon and kill. Less than eighty years ago, a US president completely and abruptly outlawed the ownership of gold in a time of declared crisis. Does anyone reading this really think that something like that couldn’t hapen again as the monetary system is its death throes and the US empire is inevitably resulting in the US police state?

The state will start to take strong action against gold and decentralized currencies. This is to be expected during The End Of The Monetary System As We Know It. Make sure to act before it’s too late. Get your gold and 
then secure it somewhere the US government won’t be able to steal it.

DailySheeple


Companies Mentionned : Bullion | Metals X | Signal |
<< Previous article
Rate : Average :5 (6 votes)
>> Next article
All the stuff you don't want to know about, but should. And, when you do know, you realize that for the present you are powerless to change it This article is brought to you by the Charleston Voice E-mail List. To subscribe FREE to the distribution list, send an e-mail to the author with 'SUBSCRIBE' in the subject line.
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Panicked Hedge Funds Now Praying...
30 Junovertheedge
"... and the silly game theory ..." Obviously you have no knowledge of game theory and its applications. Otherwise you wouldn't have used ...
The Gold Standard: Generator & P...
30 Junuser4779
Is it really so bad for Americans that they do not spend their lives labouring on a production line to make mass-produced goods, and have left this...
The Gold Standard: Generator & P...
30 Junsam_site
You state, “To continue selling to the West, China will have to open wide its doors to imports” Here’s the crux of your argument of why Chin...
The euro crisis
30 Junovertheedge1
"There is no immediate benefit from debating why." Debate? That would be like debating whether or not gravity exists. You stated the obvio...
The Ultimate Confirmation
29 Junovertheedge
It would appear that we share the same conclusion. A few sealed cans of kerosene might be handy as well. Thumbs up sir.
The Ultimate Confirmation
29 JunS W.1
My main sentiment here is why swap dollars for gold or silver only to sell at some later date for more dollars when that same paper is continually ...
The Ultimate Confirmation
28 Junovertheedge1
Well, gotta admit that there is a problem if a person tries to play silver as both an investment and as an insurance policy. I would suggest th...
The Ultimate Confirmation
27 JunS W.
Fair call, overtheedge. I've given Butler short shrift several times. Fancy spending 30 yrs analysing the silver market likely believing Ag...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Viking Gold Expl.(Ag-Au-Cu)VGC.V
signs option to acquire Valor Energy Ltd. with plan to form a separate public company
CA$ 0.00+0.00%Trend Power :
Corporate news
Goldcorp(Cu-Le-Zn)G.TO
announces closing of secondary offering of shares of Tahoe Resources
CA$ 20.26-0.10%Trend Power :
Corporate news
Tahoe ResourcesTHO.TO
Announces Closing Of Secondary Offering By Goldcorp Inc.
CA$ 15.14-3.44%Trend Power :
Corporate news
Marathon GoldMOZ.TO
Closes First Tranche of $3.5M Financing
CA$ 0.24-2.00%Trend Power :
Financings
Marathon GoldMOZ.TO
Closes First Tranche of $3.5M Financing
CA$ 0.24-2.00%Trend Power :
Financings
Claude Resources(Au-Cu-Ngas)CRJ.TO
Increases Land Position at the Seabee Gold Operation and Consolidates Two Joint Venture Agree
CA$ 0.67-2.90%Trend Power :
Exploration and drilling
Eldorado Gold(Au-Fe)ELD.TO
Receives Project Permit Approval for the Eastern Dragon Project
CA$ 5.18+3.39%Trend Power :
Exploration and drilling
Gran Colombia.(Au)GCM.TO
Voting Results of the Annual Meeting of the Shareholders of Gran Colombia
CA$ 0.32+0.00%Trend Power :
Corporate news
Guyana(Ag-Cu-Ni)GPM.V
GPM METALS INC. announces Results of 2015 Annual Meeting
CA$ 0.12+0.00%Trend Power :
Corporate news
Talon Metals(Au)TLO.TO
announces results of AGM
CA$ 0.15+0.00%Trend Power :
Corporate news
Comments closed