http://apps.leg.wa.gov/documents/billdocs/2011-12/Pdf/Bills/House Bills/1716.pdf
(1) The market price of gold has increased significantly in recent years and there has been a proliferation of secondhand dealers,
including temporary, transient secondhand businesses, engaging in "cash for gold" type precious metal transactions. Frequently, these "cash for gold" type operations are operated by persons desiring to exploit unsuspecting consumers based on current market conditions;
(2) The increasing number of "cash for gold" type transactions in
communities and neighborhoods throughout Washington has been linked to
increased crimes involving the theft of gold and other precious metal
objects, including home burglaries, robberies, and other crimes,
resulting in depressed home values and other threats to the health,
safety, and welfare of Washington state residents; and
..
(2) ((This)) For any transaction involving property consisting of
a precious metal, every secondhand dealer or temporary, transient
secondhand dealer doing business in this state shall maintain wherever
that business is conducted a record in which shall be legibly written
in the English language, at the time of each transaction, the following
information:
(a) The signature and photo of the person with whom the transaction
is made. If the amount paid is greater than one hundred dollars, then
the signature, photo, and fingerprint of the person with whom the
transaction is made;
This bill is simply not good enough. Where's the DNA fingerprinting? Where's the electronic tagging? The gold sellers will do everything possible to avoid government oversight.
I, for one, hope we set up a government agency that can properly regulate the gold sellers.
(1) The market price of gold has increased significantly in recent years and there has been a proliferation of secondhand dealers,
including temporary, transient secondhand businesses, engaging in "cash for gold" type precious metal transactions. Frequently, these "cash for gold" type operations are operated by persons desiring to exploit unsuspecting consumers based on current market conditions;
(2) The increasing number of "cash for gold" type transactions in
communities and neighborhoods throughout Washington has been linked to
increased crimes involving the theft of gold and other precious metal
objects, including home burglaries, robberies, and other crimes,
resulting in depressed home values and other threats to the health,
safety, and welfare of Washington state residents; and
..
(2) ((This)) For any transaction involving property consisting of
a precious metal, every secondhand dealer or temporary, transient
secondhand dealer doing business in this state shall maintain wherever
that business is conducted a record in which shall be legibly written
in the English language, at the time of each transaction, the following
information:
(a) The signature and photo of the person with whom the transaction
is made. If the amount paid is greater than one hundred dollars, then
the signature, photo, and fingerprint of the person with whom the
transaction is made;
This bill is simply not good enough. Where's the DNA fingerprinting? Where's the electronic tagging? The gold sellers will do everything possible to avoid government oversight.
I, for one, hope we set up a government agency that can properly regulate the gold sellers.
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