Heads up !

i like that idea. face to face. cash only. its been so many years that i did not see people who sold coins to me. this way i have a chance to chat with the sellers.

 

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a bit of a stretch beyond my own littole stretch dont you thinkl? There is a big difference between outlawing coffe and outlawing murder. I would prefer NOT be on the road driving with my kids while sharing the road with a bufoon moron who is high!

There are certain things that defy being outlawed in a free state, and make no sense to outlaw them! Murder, the pot issue, even to a certain extent of carrying guns (and yes, i own a bunch!). outlawing caffine or the buying of PM coins... regardless if i myself buy them - if the 'law' is wrong, then its the right thing to do to stand up and fight against it!

Like thelast few posters - i would think to help clear up any confusion, to read the actual legislation ..... i looked on www.thomas.gov, and couldnt find anything. Maybe its stuck in commitees, and not hit the floor of either house yet?!?!

 

Anything the government outlaws really only has the effect of driving up the price more because of increased demand for it. Look at prohibition of alcohol, sure the government essentially banned most alcoholic production. So to get around it people were prescribed alcohol for medicinal purposes or even more common - made moonshine or imported it directly by smuggling in from the Bahamas, Canada and Mexico.

Prohibition did nothing to stem alcohol consumption, and in fact, likely only made it that much more desirable. Most of us have or had relatives or friends that lived through that time that can recount tales of speakeasies, moonshine stills under trap doors, big busts by the G-Men and finally the end of prohibition.

 

Well, I would rather not be on the road with my child and a drunk buffoon behind the wheel...but we still sell booze all over the nation don't we...and I am sure that there are plenty out there driving. Who is making sure those drunks dont kill ME on the road by keeping them from drinking? Doing something, or doing something ON it are completely separate issues....or should be.

My main point is when one says if you outlaw guns or gold, then only outlaws will own them...that is true with anything. The government has been deciding what we can and cant do for our own good for quite a long time...more often just in the last 100 years. Many just don't care because it doesn't affect them because its something they don't do...but when it hits something they DO care about...THEN they get all up in arms about freedom. Many people wont care what the government does concerning gold because they don't BUY gold anyway. To say something like guns and gold are more essential freedoms than something else is just subjective. Again...you put what YOU care about above other things the government might criminalize.

A guy who swills booze probably thinks he has the RIGHT to swill booze as long as he isn't hurting anyone...so if you ban booze then they will get all up in arms. He doesn't smoke pot, so he doesn't care if the government decides to ban it an make all those who smoke it criminals...even if their behavior in all things is not at all criminal...its all subjective.

People with guns often end up killing people, they are dangerous. Mix booze with guns and look out. I have a few guns, but if they outlawed guns tomorrow, it wouldnt effect me much. Others are very much into guns and to even mention the possibility of tightening gun laws will throw them into a rant about freedom.

The government has decided in many many ways that they are there to protect us from ourselves, they are now trying to hit fast-food joints...I don't eat fast-food...so it doesn't effect ME. It is only when something popular is banned that gets people up in arms....even if that popular thing is potentially dangerous or fatal. In the end I care about all the things the government has banned to simply protect us from ourselves (not REAL crime of course like murder, rape, robbery, etc...) I don't buy a lot of gold, but I certainly want to keep that right.

Its amazing how a person can be for personal rights when it comes to what they care about, and seem to have no care in the world when its something they think doesn't effect them. It all affects you because you are supporting it and it sets one precedence after another until they are telling you what you can and cant eat, drink, wear, drive, etc....nuff said from me.

 

Then you can drive to new Hampshire......

 

Interesting article..I do not believe this will happen... I guess I hope that it never happens.. the bottom of the precious metals market would drop out...

 

dunno who your talking about... but its not me. Regardless of if something affects me personaly.. if its right, fine... if its not, then i care. My analogy with guns was a bit of a stretch , yes, and i believe i even said so in my original post. You took the whole point and ran in the oposite direction. You hit the ball and ran to third, second, first and slid across home plate. You went the wrong way, but ended in the same place.

As for how democracy works... we vote the folks in who decide what laws to pass. We can also vote in new folks to change the laws the last guys passed. Its a slow system, but it can be changed. If you dont think its working right now... you can set about starting to change it.

 

I agree! although I can see the benefit such a controlling law would be for those in power. I also believe such a move would create a vast underground for sales of PMs. Gold and silver are timeless in its value to man I do not believe this will ever change! There is just something magical about holding that piece of shinny metal in your hand!. I know no matter the law there will always be someone wanting to own it. I do not believe a law will ever stop this!

 

Daggarjon - "dunno who your talking about... but its not me. Regardless of if something affects me personaly.. if its right, fine... if its not, then i care." That is Drusus' point - what is right or not based upon your own personal ideals and values?

Back to the situation at hand - still can't find a bill #. Even if the proposed legislation is tied up in committee - it has to have a bill number and published as part of the Congressional record. Beginning to look more like a knee jerk reaction by the author on something that hasn't even yet been dropped in the hopper.

 

no. his point was i was more upset because i collect some bullion coins. In his example, i would be upset about a law prohibiting caffeine consumption because i drink caffeine. What i am saying is regardless if i drink it, it wouldnt be a just law, and i would fight against it (as much as a US citizen can actually fight a law!!!).

 

buy your coins while you can

 

so anyone figure out if this was passed or even going to happen?

 

As I try to understand all of the above posts, it has to be known by many, many here that the mega powers control the price of gold. This being countries or the super rich intercontinental businesses. What could possibly be gained by enacting anything close to this proposal? The miniskewal(?) amount of PM that collectors and others buy is probably way less than 1% of all the gold being parlayed around. This means to me that this is just another way the federal government wants to control us small guys.

 

Let me just say our government is out of control,they are trying to slowly form us into a police state,where thet tell us when to do something,how to do it,and when to quit. You think this is bad take a look at search and seizure laws currently in place,our government can seize everything you own and everything your family owns without any reason,or filing any charges against you,and it's up to you to sue the government to get your stuff back,think thats going to happen,never.I'm not a conspirecy nut,but am becomming more and more aware of the rights andlaws protecting the american citizen that have been removed,while at the same time increasing the governments power and reach into it's citizens lives.If the government dosn't slow the selling of bullion to the middle and lower class then it is opening avenues of power that might affect the crash and outcome of the american dolllar.

 

We'll I will say this it wasn't a huge story when it broke but we still are under a pandemic 6 for that super deadly H1N1 virus(Which it's not at all deadly like they fear monger it to be) and literally just a hair away from martial law if Obama see's it needed.

 

See next post.

 

At this link:
http://www.coinnews.net/tag/industry-council-for-tangible-assets/ , in the third post from the top, (titled "ICTA Helps Thwart Proposal for CFTC Regulation of Coin Dealers"), it is stated that Sen Tom Harkin added an amendment to a farm bill that called for the measures described in the OP's lined article. The amendment was removed and not included in the vote; therefore, the problem does not at this time exist.

Whew.