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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
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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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