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Police issue warning about buying and selling gold
Pasadena Star News ^ | 1/3/11 | Brian Day Staff Writer

Posted on 01/03/2011 10:25:09 AM PST by Nachum

PASADENA - As soaring gold prices tempt many to sell off jewelry and other gold items, police are working to keep thieves from taking advantage of the trend by making it difficult to sell stolen gold.

With gold selling for more than $1,400 per ounce, officials remind the public that there are laws governing the buying and selling of gold, Pasadena police said in a written statement.

"The Pasadena Police Department would like to inform the public that buying gold is against the law unless you are licensed by the California Department of Justice," the statement said.

In addition, police added, "Gold buyers are required by law to ask for identification from whoever they buy from and maintain a description of the items they are buying. This information is then reported to law enforcement."

"We want to caution people that care should be taken to buy from and sell to only licensed second-hand dealer," Police Chief Phillip Sanchez said. "This helps to prevent crime and will prevent people from buying stolen property unknowingly."

When not complying with the law, according to the police statement, "Some businesses may knowingly or unknowingly take in stolen property that belongs to the victim of a crime."

(Excerpt) Read more at pasadenastarnews.com ...


TOPICS: News/Current Events
KEYWORDS: gold; issue; police; warning
And so it begins
1 posted on 01/03/2011 10:25:12 AM PST by Nachum
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To: Nachum

Gee... why stop there? I have a camera for sale... can the government allow you to assume it isn’t stolen?


2 posted on 01/03/2011 10:27:07 AM PST by pgyanke (Republicans get in trouble when not living up to their principles. Democrats... when they do.)
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To: Nachum

Yup. Up next: confiscation.


3 posted on 01/03/2011 10:28:06 AM PST by Regulator (Watch Out! Americans are on the March! America Forever, Mexico Never!)
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To: pgyanke

Shhh, don’t give them ideas


4 posted on 01/03/2011 10:29:21 AM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

Like I’m gonna believe anything that comes out of CA bureaucrats.

Criminals cannot even approach the magnitude of theft that already has been done by that corrupt set of idiots elected by the naive populace.


5 posted on 01/03/2011 10:30:07 AM PST by Da Coyote
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To: Nachum

No one shall buy or sell unless the proper mark of identification is shown.


6 posted on 01/03/2011 10:30:57 AM PST by ClearCase_guy
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To: pgyanke; Nachum
California has always had a reputation for folks engaging in fraudulent schemes regarding gold.

Salting mines comes to mind.

They undoubtedly have vast numbers of laws regulating gold sales.

7 posted on 01/03/2011 10:32:01 AM PST by muawiyah (Hey,)
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To: Nachum
This helps to prevent crime and will prevent people from buying stolen property unknowingly.

Hello, we are from the government and here to help you.

8 posted on 01/03/2011 10:33:03 AM PST by bgill (K Parliament- how could a young man born in Kenya who is not even a native American become the POTUS)
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To: Nachum

“Some businesses may knowingly or unknowingly take in stolen property that belongs to the victim of a crime.”

I believe they call these Pawn Shops.


9 posted on 01/03/2011 10:33:55 AM PST by edcoil (Democrat's and vampires should never be invited in your home.)
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To: Nachum

You need a license to buy gold??

really??


10 posted on 01/03/2011 10:34:37 AM PST by GeronL
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To: ClearCase_guy

They will sell it on Ebay with no problem.


11 posted on 01/03/2011 10:34:52 AM PST by Lumper20
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To: Nachum

That is going to put a big crimp in my new secret guilty pleasure: “Storage Wars.”


12 posted on 01/03/2011 10:35:52 AM PST by freedumb2003 (Nothing sharpens the mind like not being able to get a job. /Nonstatist)
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To: GeronL
You need a license to buy gold?? really??

No.

13 posted on 01/03/2011 10:37:18 AM PST by SeeSac
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To: Regulator

Dear Citizen, If you are holding any gold or silver you are demanded and required to turn it in to an authorized government agent no later than 48 hours after receipt of this letter. Failure to comply will result in penalties up to and including your life. Have a great 2011. signed, Barry, Michelle, Valerie and Mrs. Robinson, US Presidents


14 posted on 01/03/2011 10:38:01 AM PST by JPG (YES SHE CAN!)
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To: Nachum

Best gold scam that I have seen in a long time

You can obtain a more readable copy of the letter by clicking the picture

15 posted on 01/03/2011 10:39:33 AM PST by Zakeet (Always trust in the five G's: God, Gold, Guns, Grub, and the Government screwing up)
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To: SeeSac

no?

OK. Good.


16 posted on 01/03/2011 10:41:07 AM PST by GeronL
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To: Zakeet

Epically fake as well


17 posted on 01/03/2011 10:41:35 AM PST by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: JPG

Yep. The free market is now not free.


18 posted on 01/03/2011 10:42:29 AM PST by ReneeLynn (Socialism is SO yesterday. Fascism, it*s the new black. Mmm Mmm Mmm.)
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To: Nachum

If the government is going to choose the laws it will enforce, why can’t we can choose the laws we will obey?


19 posted on 01/03/2011 10:42:33 AM PST by FreedomFighter1013 (Obama: The Man, the Myth, the Marxist)
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To: Nachum

You just know Hussein is coming for the gold and silver. I wonder if Americans will be as big of sheep as the 1930s when they were robbed by FDR and the banksters.

Who will stop the criminal Calif govt unions from robbing taxpayers?


20 posted on 01/03/2011 10:42:36 AM PST by Frantzie (Slaves do not have freedom only the illusion of freedom & their cable TV to drool at)
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To: GeronL
You need a license to buy gold?? really??

In Virginia, you need a license to be a dog.

21 posted on 01/03/2011 10:44:48 AM PST by freespirited (Truth is the new hate speech. -- Pamela Geller)
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To: Nachum

Bump for later


22 posted on 01/03/2011 10:47:04 AM PST by KarlMalarky
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To: freespirited

That should cut down on demonrat women living there.


23 posted on 01/03/2011 10:50:22 AM PST by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: freespirited

I’m in Texas. So I can be a dog if I want to.

*woof*


24 posted on 01/03/2011 10:55:18 AM PST by GeronL
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To: Zakeet

I saw this on Zero Hedge. It was hilarious.


25 posted on 01/03/2011 10:56:14 AM PST by Frantzie (Slaves do not have freedom only the illusion of freedom & their cable TV to drool at)
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To: Zakeet

lol. Thats funny.


26 posted on 01/03/2011 11:00:04 AM PST by GeronL
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To: freespirited
In Virginia, you need a license to be a dog.

So, to bring Teresa in here to the Old Dominion, John Kerry would have to stop at the nearest county office to the border and ask "where can ah git me a dawg license?"

27 posted on 01/03/2011 11:01:13 AM PST by ScottinVA (The West needs to act NOW to aggressively treat its metastasizing islaminoma!)
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To: Beagle8U
That should cut down on demonrat women living there.

We've done well in elections the past 15 months. The plan is working!

28 posted on 01/03/2011 11:03:05 AM PST by ScottinVA (The West needs to act NOW to aggressively treat its metastasizing islaminoma!)
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To: pgyanke

Buying gold requires a license?

People buy gold every day in jewelry stores, etc.

What kind of nonsense is this???


29 posted on 01/03/2011 11:07:19 AM PST by ridesthemiles
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To: Nachum

Cash can be stolen also. Perhaps its use should be prohibited as well?

Or, at least heavily regulated?

Oh, wait, the use of cash already is regulated. Any transaction over $10000 must be reported on Form 8300 to the US Treasury and any combination of business transactions over $600 during a year must be reported to the IRS on Form 1099.

In case anybody has forgotten, the USA used to be the leader of the free world. Now it’s not even a free country.


30 posted on 01/03/2011 11:28:00 AM PST by Skepolitic
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To: ScottinVA
So, to bring Teresa in here to the Old Dominion, John Kerry would have to stop at the nearest county office to the border and ask "where can ah git me a dawg license?"

He would have to have her rabies certificate in hand.

31 posted on 01/03/2011 11:35:38 AM PST by freespirited (Truth is the new hate speech. -- Pamela Geller)
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To: Skepolitic
In case anybody has forgotten, the USA used to be the leader of the free world. Now it’s not even a free country.

Between 1933 and 1974, there basically was no private ownership of gold in the U.S. Some people see certain parts of that time period as an era when the U.S. was the leader of the free world.

32 posted on 01/03/2011 11:38:38 AM PST by Prokopton
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To: freespirited
He would have to have her rabies certificate in hand.

Aha! Therein lies the problem. Her foaming at the mouth is a dead giveaway.

33 posted on 01/03/2011 11:53:32 AM PST by ScottinVA (The West needs to act NOW to aggressively treat its metastasizing islaminoma!)
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To: Nachum
I have to disagree with the prevailing attitude in this thread. I bought scrap gold during the Carter inflation years. I put an ad in the local paper, traveled to sellers' locations and paid cash on the spot. Most of my clients were glad to get money for items like old class rings.

But it wasn't long before I noticed some very shady people were calling me. I recall one very uncomfortable session with a guy in a motel room who was obviously trying to fence gold and silver jewelry from a burglary. And there were many teen-agers trying to generate drug cash from family jewelry they'd stolen.

I refused to buy from anyone I had suspicions about. I gladly registered with local law enforcement and reported any suspicious sellers. I held on to everything I bought for a specified time so any thefts could be reported and checked out. I'd been victimized by a home burglary myself years before and lost items of great sentimental value like my Mother's wedding ring which was probably pawned for drug money. I didn't want the same thing to happen to to others. While I think many things are over-regulated, I have no problem with this.

34 posted on 01/03/2011 12:29:08 PM PST by Bernard Marx
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To: ScottinVA

No, but they might stop him and ask to see his gigolo license


35 posted on 01/03/2011 1:22:06 PM PST by NonValueAdded (Palin 2012: don't retreat, just reload)
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To: Zakeet

I was able to squint enough to read the entire letter.
LOL.
It was worth the effort!


36 posted on 01/03/2011 2:33:50 PM PST by TheConservativeParty (Read my lipstick, I am Sarah Palin)
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