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<p>[QUOTE=&quot;Collector1966, post: 1273259, member: 17919&quot;]The reference to electrical wiring was made by an American observer, who in turn was referring to wording in &quot;independent reports&quot;, not the French law.</p><p><br /></p><p>“According to *independent reports*, the law was passed to curb the illegal sale of stolen metals like copper, steel, etc. Given the rampant rise in thefts of these metals from telephone poles, construction sites and businesses here in the United States, we can certainly see this as a reasonable assessment for why the French passed this law,” <a href="http://www.shtfplan.com/headline-news/tightening-the-noose-france-bans-cash-sales-of-goldsilver-bullion-over-600_09232011" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.shtfplan.com/headline-news/tightening-the-noose-france-bans-cash-sales-of-goldsilver-bullion-over-600_09232011" rel="nofollow">writes Mark Slavo</a>.&quot;</p><p><br /></p><p>However, the French law covers *retail* purchases of metals</p><p><br /></p><p>“Any transaction on the *retail* purchase of ferrous and non ferrous (metals) is made by crossed check, bank or postal transfer or by credit card, not the total amount of the transaction may not exceed a ceiling set by decree. Failure to comply with this requirement is punishable by a ticket for the fifth class,” going on to confirm that any amount over €450 euros or $600 US dollars “must be paid by bank transfer”.</p><p><br /></p><p>Someone selling scrap to a scrap dealer is not selling retail-- they are selling wholesale, so the law would apparently not cover such transactions and thus it seems unlikely that this law was meant to counteract theft and fencing of scrap base metals. Essentially, the vast majority of retail customers for large amounts of base metals would be companies, not individuals. On the other hand, the largest group of customers for retail gold and silver would be individuals. Thus, the law appears to be a thinly disguised attempt to curb retail purchases of precious metals by severely limiting retail buyers&#039; payment options to means which can easily be traced.[/QUOTE]</p><p><br /></p>

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