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<p>[QUOTE=&quot;Jason Hoffpauir, post: 2530947, member: 67527&quot;]I recently talked to my LCS owner and he told me that starting on 1 Dec, due to new legislation that was passed in the Oklahoma courts, all coin store owners will be required to log all silver and gold that is bought while they operate their business and put in them in plastic/paper bags for a period of ten days. This is done so that when local law enforcement asked them about certain sales of gold or silver they will have the items in questions on hand, the transaction bill, and it MUST be kept in a bag at all times???&nbsp; The following link takes you to a site when an Gold Exchange owner is arrested for knowingly concealing stolen property.&nbsp; Here is the link:</p><p><br /></p><p><a href="http://www.kswo.com/story/33133689/business-owner-charged-with-concealing-stolen-property" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.kswo.com/story/33133689/business-owner-charged-with-concealing-stolen-property" rel="nofollow">http://www.kswo.com/story/33133689/business-owner-charged-with-concealing-stolen-property</a>. </p><p><br /></p><p>&nbsp;&nbsp; &nbsp; The woman that stole the items in Texas sold them to the owner in Lawton, OK for $800 (the rings were worth $10,000) When asked by the police he denied the transaction, when asked for paperwork he denied having that too.&nbsp; The police then brought the lady inside his business and all of a sudden remembered her but could not come up with the law enforcement&#039;s requests.&nbsp; They even asked him for the video footage and he stated that he deletes the video every night.&nbsp; I was told this information from my LCS owner and the newstory.&nbsp; The LCS owner stated that it is suppose to help law enforcement protect both the buyer and seller. He believes that it might fringe on his privacy rights as the state will have access to all his assets.&nbsp; The ruling is under appeal at the moment.&nbsp; I was just wondering if the members of this forums think that the state has this right or if they don&#039;t.&nbsp; Please just want opinions, and not fighting.&nbsp; Thanks in advance.[/QUOTE]</p><p><br /></p>

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