Message:

<p>[QUOTE=&quot;frech001, post: 2456327, member: 20616&quot;]Nope, yard sales are exempt.&nbsp; Read Subd 2 at <a href="https://www.cointalk.com/%5BQUOTE=%22baseball21,%20post:%202456236,%20member:%2076863%22%5DShould%20yard%20sales%20have%20to%20register%20and%20put%20up%20bonds%20to%20be%20legal%20too?[/QUOTE]Nope,%20yard%20sales%20are%20exempt.%20%20Read%20Subd%202%20at%20https://www.revisor.mn.gov/statutes/?id=80G&amp;format=pdf" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/%5BQUOTE=%22baseball21,%20post:%202456236,%20member:%2076863%22%5DShould%20yard%20sales%20have%20to%20register%20and%20put%20up%20bonds%20to%20be%20legal%20too?[/QUOTE]Nope,%20yard%20sales%20are%20exempt.%20%20Read%20Subd%202%20at%20https://www.revisor.mn.gov/statutes/?id=80G&amp;format=pdf">https://www.revisor.mn.gov/statutes/?id=80G&amp;format=pdf</a></p><p><br /></p><p>The suggestion of a national professional association credential/registration/certification for businesses that sell coins/bullion isn&#039;t a form of regulation.&nbsp; The several national professional credentials/certifications I have were initiated by the men and women who wished to protect their profession from unqualified people they were competing with who were maligning their profession.&nbsp; Having so created their association and establishing criteria for member registration/certification (with the involvement of their association members) they pursued acknowledgement by states who saw the benefit of ensuring people who performed those critical services related to public safety and health were qualified.</p><p><br /></p><p>At a time when more people are looking for safer ways to secure their financial future I would think that bullion dealers would welcome the establishment of a recognized standard of integrity to distinguish themselves as legitimate businesses.</p><p><br /></p><p><br /></p><p><br /></p><p>Sure, there are laws to prosecute people who have committed fraud, but like several cases in Minnesota, prosecution didn&#039;t refund the money of those swindled. Minnesota&#039;s registration law is preventative. I&#039;m sure you&#039;ve heard that an ounce of prevention is worth a pound of cure. And I agree registration won&#039;t stop every crook from attempting to swindle someone out of their silver or gold coins, but hopefully it will provide a distinction that buyers and sellers can see between those dealers who are legitimate and those who aren&#039;t and aren&#039;t registered.</p><p><br /></p><p>My experience dealing with regulated businesses is that the legitimate businesses support reasonable regulations that are fairly and consistently enforced. The regulated businesses should be involved in drafting the regulations to ensure they are reasonable and should assist in enforcement when they witness fraud by their competition.</p><p><br /></p><p><br /></p><p><br /></p><p>A blanket statement like this just tells me that your confidence in your opinion exceeds your knowledge of the subject.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in