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<p>[QUOTE=&quot;frech001, post: 2457261, member: 20616&quot;]There are several different types of “criminal” law and some are indeed preventative such as those like Minnesota&#039;s Bullion dealer registration law that requires someone to do something rather than punishing them for something they did. Some laws require certain businesses to obtain a license such as opening a restaurant and serving food, or a starting a hazardous waste landfill or to obtain a permit for building a house or hunting deer. These laws are preventative in that they try to ensure that a practice is done safely by establishing parameters called rules or regulations that must be complied with in the practice. Obtaining a permit/license/registration affords an opportunity to communicate to people the rules or regulations they must follow. Sometimes, like with the bullion dealer registration, there are conditions for obtaining a permit/registration/license such as demonstration of competency, financial security etc.. Thus these laws are indeed preventative. I&#039;ve just retired after 36 years of enforcing, writing, holding public hearings, testifying at our state legislature and at state agencies about such laws; so unlike you, I know what I&#039;m talking about.</p><p><br /></p><p>Again, I&#039;ll say that your confidence in your opinion exceeds your knowledge of the subject. Obviously I&#039;m not changing baseball21&#039;s or silentnviolent&#039;s or Bret_in_Sacto&#039;s opinions about government regulation. My continued posting on this topic is like wrestling with pigs, I&#039;ll never win, I&#039;ll only get covered with mud and the pigs enjoy it.</p><p><br /></p><p>To Bret_in_Sacto: I think your new thread poll on this subject would be better if you asked responders to state their reasons. Perhaps someone will actually have a good idea that would influence an amendment to Minnesota&#039;s law. I&#039;ve suggested one in a previous post – that a professional association could “credential” bullion dealers nationally so that states could accept such a credential in lieu of state registration. That would benefit multi-state dealers, reduce duplication of paperwork and bond fees. Legitimate businesses would support this approach as it would eliminate fraudulent competition, provide confidence among customers and likely encourage more people to consider precious metals as an alternative to the stock market.[/QUOTE]</p><p><br /></p>

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