From: Asheville Daily Planet <email@example.com>
Date: October 22, 2009 3:45:22 PM EDT
Subject: Re: Don't try to buy precious metals without a permit!
Yes, I've talked with dealers who have talked to the APD about this new law that, somehow, nobody knew about.
I also have a copy of the statute, which requires a $180 permit and nobody's sure — including the APD — of how much the also-mandated $10,000 surety bond costs.
This is from the lengthy document General Assembly of North Carolina, Session 2009. It is listed as Section Law 2009-482, House Bill 1637 as starts as follows:
"An act to modernize the record keeping of precious metals purchases by dealers, to subject all dealers in precious metals to similar record-keeping requirements, to increase precious metals permitting fees, to require that a criminal history record check be conducted on employees of precious metals dealers, and to make various other changes to the precious metals permitting statues...."
The upshot is that the AC-T story left out, according to the ADP, that the Weaverville woman was buying scrap gold and silver from her car. If she had had a shop, which likely would have been licensed, they would have warned her or not chosen to make an example of her as a warning to others. However, even the coin shop owners often don't have this permit and the bond, so they are scrambling.
The APD officer told a reliable area coin dealer that this crackdown — only on buying and selling scrap precious metals (and not coins at this moment) — is happening because the government needs money and sees this as a loophole that can be taxed. The APD officer said everyone should expect this to be a growing trend, eventually covering the buying and selling of everything.
Don't breathe too hard, either, Bernard, because there next may be an oxygen tax. Do you have a permit to breathe?
I knew you would be particularly interested in this because all of the coin dealers with whom I have spoken about this feel it is a textbook example of creeping government intrusion. Also, some local dealers think the government especially wants to discourage activity in gold, silver and other precious metals because it wants people to be totally dependent on fiat currency, which it controls and ultimates is — or will be — worthless.
You ought to invite this woman to a Liberty Asheville or LP Buncombe meeting, or both. It'd be intriguing to hear her comments — and have a Q&A. If she can't or won't come, it'd be interesting for LA or LP to host an APD detective to explain what's going on ... I think everyone would get a kick out of this.
On Oct 22, 2009, at 2:19 PM, bernard b carman wrote:
i would presume this has more to do with the mandate of government, over what would otherwise be a free market to do business, that individuals who wish to practice any kind of business, including purchase and resale, have the appropriate permit in which to do so, because We the People no longer have such a right to do business freely without government "regulation".
however, without seeing the actual State statute, i can only presume this is the case. perhaps there is something extra regulatory regarding precious metals.
bernard baruch carman
On Oct 20, 2009, at 1:04 PM, Asheville Daily Planet wrote:
Did you read this story in the Oct. 17 edition of the Citizen-Times?
Thought it might be of great interest to you. Everyone with whom I've discussed this is stunned. They feel this is a major infringement on personal freedom. Nobody I know has such a permit, or knew that it was required.
Please advise your position(s).
Woman charged in sting involving precious metals
A Weaverville woman was charged by Asheville police on Oct. 16 with trying to buy precious metals online without a permit.
Posing as jewelry sellers, Asheville police responded to a Craigslist ad in which the woman had posted her interest in buying any unwanted or broken jewelry, according to police.
Crystal Wiggins Laws, 35, was charged with fraud.
State law prohibits anyone to act as a dealer in the purchase of precious metals without getting a permit for the business from a local law enforcement agency.