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Minnesota to require Background Check for anyone buying/selling bullion
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<p>[QUOTE="Muckdiver, post: 1759743, member: 43174"]I can only speak for Florida but here's how it works...</p><p><br /></p><p>I steal a 10oz Englehard gold bar (with serial number). I then take the gold bar to a pawn shop. The pawn shop has to take my photo ID and thumb print and has to hold the gold bar for 15 days.</p><p><br /></p><p>If the police find the gold bar because the owner had a serial number, they can place the gold on hold. However, the victim has to give the pawn shop the amount of money that the pawn shop gave the thief in order to get the gold back because the pawn shop is technically as much of a victim as the original victim. So therefore, the pawn shop has nothing to lose but everything to gain. If the 15 days passes, they sell or melt the gold. If they bought he gold bar for $100 they make tons of profit.[/QUOTE]</p><p><br /></p>
[QUOTE="Muckdiver, post: 1759743, member: 43174"]I can only speak for Florida but here's how it works... I steal a 10oz Englehard gold bar (with serial number). I then take the gold bar to a pawn shop. The pawn shop has to take my photo ID and thumb print and has to hold the gold bar for 15 days. If the police find the gold bar because the owner had a serial number, they can place the gold on hold. However, the victim has to give the pawn shop the amount of money that the pawn shop gave the thief in order to get the gold back because the pawn shop is technically as much of a victim as the original victim. So therefore, the pawn shop has nothing to lose but everything to gain. If the 15 days passes, they sell or melt the gold. If they bought he gold bar for $100 they make tons of profit.[/QUOTE]
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Minnesota to require Background Check for anyone buying/selling bullion
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