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Houston passes ordinance to fingerprint, photograph precious metal sellers
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<p>[QUOTE="Blaubart, post: 1634993, member: 37498"]Even if I brought in a receipt from when I purchased said bullion, it still means NOTHING. I will not surrender my receipt when I sell coins because I will need that receipt for my taxes. So, then I'm free to take that receipt to another coin store and use it when selling more bullion. Even if the store makes a photo copy of my numbered receipt, it could have been an honest mistake for me to use the same receipt twice. Or, maybe my receipt is for 100 ounces of silver and I sold 20 ounces to store A, 20 ounces to store B, etc.</p><p><br /></p><p>(It's a little different for serialized bullion, since the serial number would likely be on the receipt, but I do not own any serialized bullion.)</p><p><br /></p><p>If bullion can be as easy as cash to transfer, why bother with all the privacy invasion? Stores aren't required to take my fingerprints and obtain a mug shot when I essentially "sell" cash in exchange for merchandise. Tracking bullion and the sellers of bullion in an attempt to cut down on the sales of stolen bullion is every bit as futile as tracking stolen cash. I could write down the serial numbers of all my 100 dollar bills and then report them stolen. If someone does manage to track them down, will I get them back? Does possession of the cash I reported stolen constitute a crime?</p><p><br /></p><p><br /></p><p>My point is that bullion should be treated in much the same was as we treat cash. Do you ask where a person got the cash they pay you for something? Do you ask them for a documentation that shows they didn't steal it? If not, then maybe you're receiving stolen money! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p><br /></p><p>The reason I think we should treat it the same way we treat cash is because it is just about as difficult to track as cash. If all the time, energy, money, and invasion of privacy is wasted because there is little to no chance of it actually accomplishing what they intend it to, then why bother? Just so we can say we're trying to do something about it? To that I say there's a lot more money stolen every day than bullion, so let's require fingerprints, mug shots, copies of ID's, and recording of serial numbers for every cash transaction.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1634993, member: 37498"]Even if I brought in a receipt from when I purchased said bullion, it still means NOTHING. I will not surrender my receipt when I sell coins because I will need that receipt for my taxes. So, then I'm free to take that receipt to another coin store and use it when selling more bullion. Even if the store makes a photo copy of my numbered receipt, it could have been an honest mistake for me to use the same receipt twice. Or, maybe my receipt is for 100 ounces of silver and I sold 20 ounces to store A, 20 ounces to store B, etc. (It's a little different for serialized bullion, since the serial number would likely be on the receipt, but I do not own any serialized bullion.) If bullion can be as easy as cash to transfer, why bother with all the privacy invasion? Stores aren't required to take my fingerprints and obtain a mug shot when I essentially "sell" cash in exchange for merchandise. Tracking bullion and the sellers of bullion in an attempt to cut down on the sales of stolen bullion is every bit as futile as tracking stolen cash. I could write down the serial numbers of all my 100 dollar bills and then report them stolen. If someone does manage to track them down, will I get them back? Does possession of the cash I reported stolen constitute a crime? My point is that bullion should be treated in much the same was as we treat cash. Do you ask where a person got the cash they pay you for something? Do you ask them for a documentation that shows they didn't steal it? If not, then maybe you're receiving stolen money! :eek: The reason I think we should treat it the same way we treat cash is because it is just about as difficult to track as cash. If all the time, energy, money, and invasion of privacy is wasted because there is little to no chance of it actually accomplishing what they intend it to, then why bother? Just so we can say we're trying to do something about it? To that I say there's a lot more money stolen every day than bullion, so let's require fingerprints, mug shots, copies of ID's, and recording of serial numbers for every cash transaction.[/QUOTE]
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Houston passes ordinance to fingerprint, photograph precious metal sellers
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