I am not a fan of government oversite, but I wouldn't mind putting a few regulations on Precious metal dealers in the
United States?
I would like to see some standards in weighing the metals, and maybe minimum amounts required per gram of metal?(tied to market values)
The fine for breaking the law would be just enough so the average shop would think twice about ripping off the public.
No, I wouldn't expect the FBI to run regular stings, but if
shop owners knew they might have a federal agent on the other
side of the counter they just might not be such horrid individuals?
I rember being swindled over some silver when I was younger, and really desperate. I still think about it whenever I pass
a pawn shop, or gold buyer.
(actually, I think some states/counties already have some
laws regarding weights & measures, but precious metal buyers
never get caught? I know some larger recyclers are inspected, but these little places open 24 hrs/day get way
with absolute thievery? Maybe they think every sale is stolen? Or, they just don't care?)
I would like to see some standards in weighing the metals, and maybe minimum amounts required per gram of metal?(tied to market values)
The fine for breaking the law would be just enough so the average shop would think twice about ripping off the public.
No, I wouldn't expect the FBI to run regular stings, but if shop owners knew they might have a federal agent on the other side of the counter they just might not be such horrid individuals?
I rember being swindled over some silver when I was younger, and really desperate. I still think about it whenever I pass a pawn shop, or gold buyer.
(actually, I think some states/counties already have some laws regarding weights & measures, but precious metal buyers never get caught? I know some larger recyclers are inspected, but these little places open 24 hrs/day get way with absolute thievery? Maybe they think every sale is stolen? Or, they just don't care?)