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<p>[QUOTE="fatima, post: 1273342, member: 22143"]Wholesale isn't defined by B2B transactions. It's defined by quantity, namely lack of individual unit pricing. A pack of tomatoes is a retail quantity and pricing. A truckload of tomatoes is wholesale. So a backyard farmer brings in 500 lbs of summer tomatoes to a distributer for resale to supermarkets. This isn't a retail transaction. </p><p><br /></p><p>The same holds true for people selling scrap metal. Even at today's prices, it would take 267 lbs of copper tubing, 700 lbs of copper wire, 1200 lbs of aluminium siding, 1300 lbs of cast aluminium, and 2 tons of scrap steel to trigger the $600 amount. These are not retail quantities. </p><p><br /></p><p>Clearly the French law would not address thievery of common metals as there are few crooks walking around with that much metal and even if they did and there was a junk yard stupid enough to pay them for this much metal at one time, it would not be considered a retail transaction. Would it address thievery of PMs? Maybe, maybe not. I don't think there is enough of a problem with gold being stolen that would warrent such a law being put in place just for that. Stolen gold is difficult to sell as most gold buyers are very careful in what they are buying. </p><p><br /></p><p>What the law does do however is immediately put a record on every single gold coin or bar being bought and sold in France that is greater than 1/3 ounce. It immediately gives the goverment a tool to discover who is buying gold bullion coins and bars. If they are saying it's being done for security, it won't be the first time that people's freedoms have been sacrificed in the name of making us "safer".[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1273342, member: 22143"]Wholesale isn't defined by B2B transactions. It's defined by quantity, namely lack of individual unit pricing. A pack of tomatoes is a retail quantity and pricing. A truckload of tomatoes is wholesale. So a backyard farmer brings in 500 lbs of summer tomatoes to a distributer for resale to supermarkets. This isn't a retail transaction. The same holds true for people selling scrap metal. Even at today's prices, it would take 267 lbs of copper tubing, 700 lbs of copper wire, 1200 lbs of aluminium siding, 1300 lbs of cast aluminium, and 2 tons of scrap steel to trigger the $600 amount. These are not retail quantities. Clearly the French law would not address thievery of common metals as there are few crooks walking around with that much metal and even if they did and there was a junk yard stupid enough to pay them for this much metal at one time, it would not be considered a retail transaction. Would it address thievery of PMs? Maybe, maybe not. I don't think there is enough of a problem with gold being stolen that would warrent such a law being put in place just for that. Stolen gold is difficult to sell as most gold buyers are very careful in what they are buying. What the law does do however is immediately put a record on every single gold coin or bar being bought and sold in France that is greater than 1/3 ounce. It immediately gives the goverment a tool to discover who is buying gold bullion coins and bars. If they are saying it's being done for security, it won't be the first time that people's freedoms have been sacrificed in the name of making us "safer".[/QUOTE]
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