"Ever heard of SB3341?"

Brought to you by the same people who want a completely cashless society.
That's right.. no cash, no coins, no bullion.
And the future looks bright, doesn't it?

I suspect the motivation behind this is to battle Money Laundering?

Pb b4 Au.

Well what kind of unpatriotic scum would distrust the govt and financial system?
Maybe its time to use micrograms of plutonium as currency.
Canada is safe, we have canadian tire money as our real currency.
And all our gun owners are safely registered, for sure eh?

The Gold Confiscation Of April 5, 1933
From: President of the United States Franklin Delano Roosevelt
To: The United States Congress
Dated: 5 April, 1933
Presidential Executive Order 6102

I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section to do hereby prohibit the hoarding gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of the order:

Section 1. For the purpose of this regulation, the term 'hoarding" means the withdrawal and withholding of gold coin, gold bullion, and gold certificates from the recognized and customary channels of trade. The term "person" means any individual, partnership, association or corporation.

Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933, except the following:

After the Goverment had taken most of the gold from the people for cheap they than raised the price of gold much higher per ounce than what they had purchased it for.

I too believe this is more about money laundering. FINTRAC in Canada has similar (but not as onerous) requirements for reporting such transactions. The limit is $10,000 in Canada I believe. IIRC, real estate agents are required to confirm a buyers' identity.

A cashless society is a big-government wet dream. If the only method of payment is electronic transfers then every transaction can be monitored and taxed.

The only possible reason to have records of bullion sales is for confiscation by the state when the paper currency becomes worthless.

The one market that is getting another boost every day is black.

Try buying bullion in any amount in Canada without showing Identification. We have had this nonsense for years.

Posted by: Dr. Bob on January 11, 2013 2:05 PM | Reply:

Easy.

Al_in_Ottawa >

Not just taxed, but cut off and manipulated at will.

Need more money? A few keystrokes and their account is full, or yours is devalued.

Any form of currency not backed by real assets and productive energy is fraudulent.

Well Shawn, Number 2# looks exactly like what Obama, Biden and Holder are fixin to do to steal our guns. I can see Obama's E.O. stating, 'by February 12th, 2013 all citizens will turn in all assault weapons owned by them or coming into their possession to the Alcohol, Tobacco and Firearms Dept.'

"Provides that a person who is in the business of purchasing precious metal".

Note "in the business of" purchasing.

This is aimed at preventing fraud and fencing among pawn shops and "Gold Shops", and possibly to help track the spread of those Fake Gold Bars we heard about last year.

No payment in cash? Yeah. Means you have a definite audit trail of payments, so that you can prove they really did pay the person they claimed sold it, rather than a front (or at least that the front is a lot more difficult to manage).

Likewise, the penalty, "[...] is guilty of a petty offense and subject to a fine not exceeding $500." suggests its aim is to stop people "looking the other way" at stolen goods, not much more.

Now pilgrim - Heh - Don't I sound just like John Wayne? - there is no "huge push by the government of the USA to collect all taxes due by its citizens". Sure, the government IS pushing to collect all taxes due by SOME of its citizens. But there are plenty of Right People who they will not touch under ANY circumstances. Do you not understand that by now?

Not hardly, pilgrim. I have been saying what I posted above for the past four years. YOU were the one who seemed to say that ALL citizens were going to be affected. If you understand that is not true, then bully for you! Just wish you had said that in your post. But then again maybe your dialect is somewhat different from mine.

Are you going to tell the taxman about the capital gain of the gold you sell in ten years?

Was talking to a pawn shop guy the other day.

This is not bad, if you claim to own gold, and buy or sell physical gold metal then you must prove ownership.

The pawn guy melts down 14 carat junk, refines up to 24 and sells for $$$

Nice racket. Especially if you, like him, charge 30 % interest per month on the appraised value. The pawn guy being the appraiser.
Take the gold on non-payment of interest on the pawn. Doesn't matter if it was that junkies wedding band.
Profit.

dwright

This might affect commodities traders as well, if precedent. The price of gold right now is massively inflated, because of uncertainty.
They don't actually own any gold. They just buy and sell
"pretend gold". Buy 100 Grams of gold from one of them, then ask them to deliver it. Have fun.
In conclusion, this is not going after physical gold owners, just inner-city pawnbrokers.
I think?

Posted by: Sigivald on January 11, 2013 3:26 PM | Reply

I was replying to you, about the pawn shops, in a word, correct.

After reading all the above posts... twice, I think there's truth in all of them. We can guess what the true motivation is but I do know for certain that trust in government is in a nosedive. I would not rule out anything when it comes to Obama and his inner circle. Socialism and poverty are very compatible and wealth is the first thing to flee when capitalism fails. This whole issue could well be to fight crime, but could also be something much darker. Time will tell.

Agenda 21 - Barrak & Red Czar's theology:

'At some point in a hyperinflation run, currency becomes worthless and people revert to barter or trading with gold or silver. Throughout history, gold and silver have retained their value during periods of hyperinflation.

If our nations are convinced to sell off all their gold and peg their currencies to nothing, eventually the power will go to whoever it is who has the gold. If the entity who has the power is not a nation, but an organization like the United Nations or the World Bank, then that organization becomes the real power on the planet.'

No surprises here! Gold, property, vehicles, heat, light, guns, individual rights etc. etc. are on the chopping block. Read the rest here:

http://www.rumormillnews.com/cgi-bin/archive.cgi?read=2777

You can walk into any coin shop in Canada and buy Maple Leafs without showing any ID. I suspect Obumma will try and get Canada to ape their draconian laws before long.

Wow, I have had a very different experience from those here claiming that they have never been asked for ID when purchasing precious metals in Canada.

In the past, I dealt with Kitco - not exactly a small-time player. Also, there was no shipping involved. I live in Montreal and always did business as a walk-in customer at their head office here in the city centre. I stopped dealing with them in 2007 because that was the year that they said they were no longer allowed to deal with customers making purchases of more than some arbitrary amount (I think it was $1500 back then) unless you opened up an account. Now, admittedly, they only wanted basic information: name, address, and telephone number. But when they told me it was new rules out of Ottawa to "counter money laundering efforts by terrorist groups" and that they had to report all such purchases to the feds, I figured it was time to stop buying in Canada.

Since then, I ONLY deal with US companies. Have had no problems so far. I can't deal in cash...but the dealers I have done business with have told me they have never (to date) had to provide their authorities with any information about their clients - domestic or international.

Granted, it has been 6 months since my last purchase...so, maybe something has changed...

The Right People, pilgrim, include Geithner, Buffett, Soros, and a shipload of others. Those half who you refer to a LEGALLY free from income taxation, by specific policy of the Federal government. As a result, there are NO taxes due from THOSE citizens. On the other hand, those of whom I speak OWE taxes, but choose to not pay them. And FedPig does NOTHING to them. Do you understand that distinction?

If people are putting stock in gold as opposed to the cash that may become worthless, it stands to reason an emerging dictatorship might want to swallow it up.

But doesn't one already have to present ID, ect (forgive me as I do not trade or anything else with gold)?

Just my thoughts.

And just because:

http://www.youtube.com/watch?v=MagCoUYvIXE

If it is about money laundering then why the slap on the wrist and no charges for the HSBC money laundering?

http://www.guardian.co.uk/business/2012/dec/14/hsbc-money-laundering-fine-management