(Note from Bruce: Check out this link after you read this article!)
On Wednesday February 6th the City of Houston amended Chapter 7.88 of the City of Houston’s Code of Ordinances with new requirements for the sale of precious metals, including silver.
These new requirements go beyond already established guidelines and invade individual privacy.
The State of Texas already regulates the Precious Metals Buyers Industry. The City Code is being updated to include the more than two dozen State requirements:
- A transaction report form for each transaction… preprinted and pre-numbered
- The full name of the seller
- A physical description of the seller to include date of birth, height, eye color, and gender
- The physical address where the seller is residing at the time of the transaction
- The seller’s driver’s license number or personal identification number
- A description of the crafted precious metal purchased by the dealer…
- Type, color and purity of each kind of metal purchased (e.g., 10 karat white gold, 0.925 sterling silver)
- Weight in troy ounces, grams, or pennyweights for each kind of metal
- Amount paid by the dealer for each kind of metal
- The total amount paid to the seller by the dealer
(To see full list, click here, and scroll to page 117.)
Violations of these rules already have consequences. Under the City’s new amendment, violations, intentional or by human error, will result in misdemeanor charges and possible imprisonment.
So what changes have been made? The new City mandates include the following four major mandates:
- A record of each transaction must be kept in a web-based database
- Records must be submitted daily [State allows 48 hours]
- A clear digital photograph of the seller
- A clear thumbprint from the seller
Representatives of the precious metals industry attended city council meetings to voice their opposition. This is going to hurt their business they say, “Customers do not want to have their mugshot taken.”
More and more people have begun to study the ideas of Agorism, Counter-Economics, and community alternatives. The idea is if the dollar is losing value as metals are spiking, why not invest in metals and trade in them?
The Houston Exchange Network is a forum where businesses who are willing to accept silver, barter or some other medium of exchange can connect.
Ideas like these are spreading globally, either as a reaction to economic conditions (the European Union) or to avoid a coming currency collapse (United States).
If the State does not want you to use their “legal” route pursue exchange through so-called Black and Gray Markets aka Agorism. These are peaceful solutions for underthrowing the Status Quo.
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NOW, Check out this link!