Minnesota to require Background Check for anyone buying/selling bullion

Discussion in 'Bullion Investing' started by Rassi, Jul 29, 2013.

  1. kaparthy

    kaparthy Well-Known Member

    So, the victim is victimized twice: he lost the value and must pay the pawn shop for it if he wants it back. I worked in a pawn shop (in Michigan) and saw how this (does not) work in practice. I understand the shop owner's position, but the victim just walks away from the process at that point. If the police should recover any value from the perpetrator, then the two "victims" must determine who gets what depending on Equity law in the state.
     
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  3. kaparthy

    kaparthy Well-Known Member

    I am a degreed criminologist and that is another ineffective idea from reactive people who think that forcing other people to accept their burden will fix a problem.

    You can mitigate and remediate crime many, many ways. Passing a law is not one of those. Passing a law is like dancing for rain. It looks like you are doing something. When it doesn't rain, you blame someone else, maybe sacrifice a virgin, but just keep dancing... sooner or later, it rains. You take credit.
     
    chip likes this.
  4. medoraman

    medoraman Well-Known Member

    The law is an abject failure here. Dealers quitting or moving out of state, outside coin firms refusing to ship into MN, everything. It feels like for some reason the state just hates honest coin collectors, but will spend millions on drug addicts.
     
    geekpryde likes this.
  5. kaparthy

    kaparthy Well-Known Member

    If you have nothing to hide, you have nothing to fear. Make everyone submit to a complete background check from birth with periodic renewals and there will be no more crime.
     
    jello likes this.
  6. jfreakofkorn

    jfreakofkorn Well-Known Member

    its just big bro tracking at what you have .... IMO

    once the the background cheque has been done, its it saved or deleted on a server ....???
     
    Gnomey likes this.
  7. Blaubart

    Blaubart Melt Value = 4.50

    Nice thread resurrection, I was wondering how the law would pan out.

    As for the Detecto comment quoted above, there are many ways for thieves to move stolen merchandise. Selling to a legitimate coin dealer is probably one of the most convenient, but most risky and least used options, even before this law come into effect.

    Speaking of Detecto, where has be been?
     
  8. medoraman

    medoraman Well-Known Member

    Hopefully he is busy working a job and too busy to participate here. He is a young man who needs to learn the value of a hard week's work. I worked 60 hours a week while going to school at his age, and I believe I am much the better for it.
     
  9. Rassi

    Rassi #GoCubs #FlyTheW #WeAreGood

    Looks like last login was Jul 8th but I don't see any posts after early May.
     
  10. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    This is a joke right?
     
  11. AWORDCREATED

    AWORDCREATED Hardly Noticeable

    Has to be. What purpose does the first one serve ??? :D


    This list of places to find precious metals, ah err ... I mean ... people who sign up, where can my buddy Guido obtain one?
     
  12. rickmp

    rickmp Frequently flatulent.

    I see checkpoints at the borders. They'll be searching every car coming in. Will they be inspecting every piece of mail? Will they search UPS and Fedex trucks?
     
  13. AWORDCREATED

    AWORDCREATED Hardly Noticeable

    Drive into California, get searched for fruit files. Any place or thing you have that can't potentially hide one?
     
  14. Gnomey

    Gnomey Active Member

    +1. What the government doesn't know about, they cannot take (or tax).

    It is not the government's **** business to know what I purchase, when I purchase it, and where I purchase it. PERIOD. And before anyone argues that government doesn't rob its citizens, read the history books. Heck remember when our govt had people turn in their PMs in the 30's in exchange for silver and gold certs? Then the Fed had a banking holiday and devalued the certs giving the "okie-doke" to the people.

    WE DONT NEED GOVERNMENT MORE INVOLVED IN OUR LIVES, WE NEED THEM LESS INVOLVED. Frankly, this trashy piece of legislation makes me sick and makes me feel for the citizens of that state.
     
  15. kaparthy

    kaparthy Well-Known Member

    Sorry, yes, of course, I thought that would be obvious, but judging from some of the (ahem) less well informed opinions so far, I guess not.

    I only found out about this because of the Liberty Coin Service monthly newsletter. I did not know about the law when it was enacted last year. No other news source mentioned it. I posted to two Objectivist sites and got little and no response. I would have thought it was a hot button issue.

    Atlas_obv.jpg
     
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