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The Road to Confiscation: Connecticut Joins Illinois with Gold & Silver Registration Bill

Just 80 years after Franklin D. Roosevelt’s “great gold confiscation” of 1933, Illinois and now, Connecticut, have decided that it’s time to honor the great statist-theft with their own gold and silver registration bills.

“I, Franklin D. Roosevelt, President of the United States of America, do declare that [our] national emergency still continues…and do hereby prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations…” [Executive Order 6102]

S.B. 928 is Connecticut’s gold & silver registration legislation, introduced soon after Illinois’s S.B. 3341 for gold & silver registration, “The Precious Metal Purchase Act“, passed the Senate, & moves to the Illinois House.

Government cannot confiscate without a registry, and they wouldn’t be thinking of gold/silver confiscation, or the first step, registration, unless there was credible and widespread worry about the public’s understanding, purchasing, & support of gold and silver. As Zerohedge points out, if it were easier to keep using psychological games and fiat-debt models to oppose gold and silver, they would keep doing that...


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Dear Taxpayer,

If it has value, it's OURS.


Your government.

While I have problems with this bill

It isn't exactly a gold and silver registration bill. It is a requirement for wholesalers who purchase gold and silver to record what they buy and retain the information for two years with the implication that it is for tracking stolen property. If I'm reading the text of the bill properly, an individual purchasing gold or silver has no registration requirement, nor does a dealer have to keep a record of items sold.

Don't get me wrong, I don't think this is a good idea at all, but we need to be accurate in our description of bills. People outside of the liberty movement are easily persuaded that we are paranoid and should be ignored about everything when we make incorrect statements about potential legislation.

Text of bill:


Read the Bill

And How Has Connecticut Done With Confiscation,,,

Of illegal drugs over the last 40 years?

Not so good, I've heard.


SteveMT's picture

"It’s not confiscation; you get a receipt." Ha! What a joke.

Will those bankers turn in all of their gold is the question? Banks are corporations correct?


Can we get an independent audit of the "gold" at Fort Knox?

If you don't know your rights, you don't have any.

And what exactly is their reasoning Do they consider

precious metals a weapon that needs to be registered? Why metals? Why not fertilizer or gasoline?

Wonder if it has to do with currency crash or metals supply?

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix