Vermont bill would tighten controls on precious metals

[fansubs_ca]

I picked up this link at coinflation:

http://www.timesargus.com/article/20130 ... /703049979

The thing that really got me was:

"They’d also have to collect the seller’s driver’s license number and
license plate number."

If Manitoba ever does this I'm going to the government and asking
for a free car since I'd now need one to sell the silver I own.

...or perhaps I can get a license plate for my bike?

Besides all the other problems with the proposal legislators are apparently
far too auto-centric. -_-

[NHsorter]

Yeah but the only people in Vermont without a car are college students. They already sell their dimes on the black market so it's no change for them.

[silverflake]

I lived in Vermont for 6 years. Surpised it took the Peoples Republic of Vermont this long to wield their oppressive power on the PM community. Beautiful state to look at, depressing state to live in.

[JerrySpringer]

I lived in Vermont for 6 years. Surpised it took the Peoples Republic of Vermont this long to wield their oppressive power on the PM community. Beautiful state to look at, depressing state to live in.

I am surprised there is that high a crime problem with larceny to warrant new laws. Also, did you read about the amount of gold buying outfits in Rutland ? Rutland is not huge really for population. Vermont does not have a big population. Maybe cracking down on drugs instead of precious metals would be better use of their time.

[CLINT-THE-GREAT]

I am surprised there is that high a crime problem with larceny to warrant new laws. Also, did you read about the amount of gold buying outfits in Rutland ? Rutland is not huge really for population. Vermont does not have a big population. Maybe cracking down on drugs instead of precious metals would be better use of their time.

I lived in the Rutland area a couple years ago, and it was really sad to see how many people did not work there. Apparently Vermont has some of the best welfare benefits in the country. And when people don't work, they find all kinds of ways to spend their time....including drugs. It was a MAJOR problem when we lived there, and Rutland is only about 16,000 people, as far as the Gold buying places there, most everyone that I went to there wanted to pay 35%-45% of spot, but people still sold thier PM's to them.

-The Great

[SilverEye]

“There’s some months where I do $200,000 worth of business, and I’m just a two-man shop,”

Figure he's buying for 40% under spot and selling to a refinery for 10% under, that's 30% margin or $60k gross profit per month. Maybe I need to move to Rutland and get into the gold buying business.

Smells like Rutland is a fence for stolen gold, possibly out of NY or Boston.

[Nickelmeister]

I picked up this link at coinflation:

http://www.timesargus.com/article/20130 ... /703049979

The thing that really got me was:

"They’d also have to collect the seller’s driver’s license number and
license plate number."

If Manitoba ever does this I'm going to the government and asking
for a free car since I'd now need one to sell the silver I own.

...or perhaps I can get a license plate for my bike?

Besides all the other problems with the proposal legislators are apparently
far too auto-centric. -_-

To sell silver in Manitoba you currently DO have to provide a driver's license (or equivalent form of photo ID).
All my buys go into the police database to be cross-referenced for stolen merchandise and I have to hold for 15 days.

[Mossy]

Why control PMs and not drugs?

Who votes which way?

[fansubs_ca]

To sell silver in Manitoba you currently DO have to provide a driver's license (or equivalent form of photo ID).
All my buys go into the police database to be cross-referenced for stolen merchandise and I have to hold for 15 days.

The key thing is the "or equivalent" so somebody that didn't have a driver's license
might have lets say a passport for photo ID. In my case I do have a driver's license
but don't drive mainly to avoid the cost so since I don't have a car the "license plate"
poses a problem. I can meet the (current) Manitoba requirement of photo ID, but the
way the Vermont proposal is written you litterally would need to have an (expensive
to operate) car in order to sell any precious metals. (Of course maybe one day I'll
need to strap a license plate to my ass because I'll be deemed fat enough that I
coun't as a vehicle. ^_-)

Good to know what the requirements are. I've only once in my life sold silver, I picked
up $11 face of 80% in Grand Forks that I got below what the shops in Winnipeg were
buying it for, I hung onto $1 face and sold the other $10 face when I got back. (If I
knew that wasn't normal I wouldn't have sold that, I didn't find out until the next trip
that there was no arbitrage opportunity here, just a one time fluke.) I didn't need
photo ID, I don't think I was even asked for any ID, but I was 17 at the time so that
was a _long_ time ago. ^_-

However as I said I was 17 so the shop owner wanted me to bring a note from my
parents, apparently he had problems in the past with dumb-assed kids stealing coins
from their parents and selling them to him. -_- I didn't really want to point this out
to the guy at "Peg Coin and Stamp" (now long since defunct) but the note from parents
doesn't really prove anything. I mean the kid could forge it or maybe get a friend to
do so. It was kinda dumb having to ask my mom to write a note, I mean what if I
hadn't told my parents I bought it in the first place? (It might make sense to not
tell them so I don't have to listen to my dad whine about it. My dad was prone to
calling anything he doesn't understand "horseshit", apparently my dad believed
there were horses that pooped out electronics so horses that poop out silver isn't
much more of a stretch for him. Fortunately he's past that phase now. ^_-)

[Z00]

(Of course maybe one day I'll
need to strap a license plate to my ass because I'll be deemed fat enough that I
coun't as a vehicle. ^_-)

Nah .. you'll just need an "Oversize Load" sign. .... LOL