HB 3469 was defeated.
a copy of proposed Oregon House Bill (HB) 3469. If enacted, this
affect the selling of precious metals in Oregon. I have (only)
font, added spacing and indenting to make reading easier, and have
certain portions for clarification.
Also, on the
last page, I have included a copy of ORS 60.470, which defines the
types of precious
metal buyers (businesses) this bill would affect.
This bill would
severely affect the sales of precious metals (i.e.; gold, silver &
and delay the transfer of payment from such sales conducted between an
and any type of business that buys precious metals.
As far as I
can tell, this bill would NOT affect the sales of precious metals
(But I could be wrong).
If this bill
passes, it would work as follows:
wanting to sell precious metals (apparently in any form) to any business
(such as a
pawn shop, precious metal buyer, mining shop, etc.) would first have to
identification; and sign a statement claiming that the precious metal
is not stolen.
delivery of the precious metal to the buyer, the buyer would be required
photos of the metals and document all sorts of information provided by
creating a full record or account of the sale. Such record would
have to be
made available for complete inspection by law enforcement agencies using
passwords while doing an internet search.
at least ten (10) days, the buyer would then mail, to a "street address"
the seller (no P.O. Boxes) a check for the purchase to the seller.
So what does
this mean for the small-scale miner?
sales of your gold.... and then having to wait nearly 2 weeks to get paid.
And if you
don't have a street address, forget it.
cripple the small-scale mining industry. Many miners rely on the
of gold they
got yesterday to purchase fuel and other needed supplies or equipment
today or tomorrow. With the short 3 month working season, miners
to wait two or more weeks for payment. Many work and live on their
in the summer,
possibly hundreds of miles from home, for 2, 3, 4 or more days in a
until some supply or another is running low before they drive down off
and go sell some gold. Most then want to (and need to) purchase supplies,
and then return
to the claim for another stretch of mining.
The delay of
the payment for the gold would put many of us out of business.
ARE URGED TO IMMEDIATELY CALL, EMAIL, OR EVEN VISIT their State
and tell them to NOT SUPPORT this bill.
At the minimum,
there needs to be an exemption for the sales of raw or unprocessed
(lode or placer).... this bill should only apply to the sales of
I have also
attached a list of all State Senators, Representatives, their room
PHONE NUMBERS. I urge everyone ASAP that receives this message to
an hour or
two on the phone and CALL EVERY SINGLE ONE OF THEM telling them to veto
or amend HB
3469 as it will destroy Oregon's small-scale mining industry which in
destroy hundreds if not thousands of at least part-time jobs, and
an industry that provides millions of dollars per year to Oregon's
Ask them to put a note of your conversation in their file on HB 3469.
to fight this: go to the Oregon Legislature website (just Google
and you should find email contacts for all of them. Start sending
FROM TOM Q.:
HB 3469 Recording
of precious metals when buying or selling. This bill had its
today (4/14) and not one miner showed up for this hearing. The Pawn
and Oregon police association all testified in favor of this bill.
I was the
only one testifying against it because it is just another way for the
State of Oregon
to track who is buying and selling their precious metals by
every transaction you make. If your goods were stolen and you are
the stolen property, there is no way to identify a one ounce vial of
gold if half
of it is missing or a nugget has been smashed/melted or a coin is
you may have taken a picture of earlier for insurance purposes. Big
am here to help you. In my opinion this bill will most likely pass
metal bill did in the last session.
This bill is
scheduled to have another hearing
E -- State Capitol in Salem.
with the General
Government and Consumer Protection Committee.
NEEDS TO BE FLOODED WITH MINERS.
of HB 3469