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(Resource Investor)   France has recently passed a law to prohibit the sending of currency, coins and precious metals by mail which means it is only a matter of time before Homeland Security decides to implement a similar restriction   (resourceinvestor.com) divider line 42
    More: Interesting, Homeland Securities, precious metals, capital controls, currency  
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2377 clicks; posted to Main » on 13 Jun 2013 at 8:19 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



42 Comments   (+0 »)
   
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2013-06-13 08:22:15 AM  
But I pay all my bills in gold dust.
 
2013-06-13 08:22:47 AM  
I could see it if they said that it gummed up the machines and they just weren't going to accept it anymore because of that.

But to try to regulate the ownership of gold bullion by making it illegal to send it by mail just seems kind of dumb and overreaching personal freedoms.
 
2013-06-13 08:23:24 AM  
Wait a minute. People biatch at me for writing checks at the grocery store but are mailing cash and precious metals. WTF!

/Dnrtfa
 
2013-06-13 08:23:27 AM  
Pfft.  Like anyone uses currency anymore.
 
2013-06-13 08:24:59 AM  
Their similar restriction will be to completely outlaw cash for any purpose.
 
2013-06-13 08:26:02 AM  
so much for getting money cards for my birthday.

but checks are ok then???
 
2013-06-13 08:33:46 AM  
There is a guy on the radio that has been talking about this for years. Everyone mocks him.
 
2013-06-13 08:33:48 AM  
www.theblindcard.com

Solution?
 
2013-06-13 08:44:48 AM  
I thought it was already illegal to send currency by mail.. thus.. checks and money orders... maybe not? guess its just stupid not illegal.
 
2013-06-13 08:45:59 AM  
Lame. I got Russian currency through a pen-pal relationship when I was a little girl. My mom stressed the importance of keeping that a decent secret, as Russia hadn't been allowing the foreign distribution of their currency for some time. I think this was early 90s but I'm not sure, so probably after the wall fell, but I still remember my mom being concerned. We actually have a rather decent collection of foreign currency now, mostly coins, including some from East Germany, Czechoslovakia, and the USSR.
 
2013-06-13 08:50:53 AM  
why does this surprise anyone? France is gay, they're going to do gay things.
 
2013-06-13 08:51:13 AM  
Some have suggested that the decree is to limit what is known in France as "the anonymous market", the market in which no taxes are paid and people are free to trade without the supervision of banks and government.

So, bartering is now a criminal activity?  That's how the freaking world was built!!!

b-i.forbesimg.com
 
2013-06-13 08:52:21 AM  
 
2013-06-13 08:53:45 AM  

TheOriginalEd: I thought it was already illegal to send currency by mail.. thus.. checks and money orders... maybe not? guess its just stupid not illegal.


Mail is actually pretty secure. People ship very expensive items through the mail everyday. It's a federal crime for someone to open your mail. Even the NSA is not allowed to open your mail.
 
2013-06-13 08:59:17 AM  

badhatharry: Even the NSA is not allowed to open your mail.


cdn.theatlantic.com
 
2013-06-13 09:10:29 AM  
Actually they're worried about their new mail-sniffing machines being confused by the cocaine generally present on currency in circulation.
 
2013-06-13 09:11:06 AM  

badhatharry: Even the NSA is not allowed to open your mail.


Not necessarily true.  Every bit of international mail into the US is reviewed, and yes, some of it is opened.
 
2013-06-13 09:11:20 AM  
So much for these people.

consumermediallc.files.wordpress.com
 
2013-06-13 09:13:02 AM  

Gordon Bennett: So much for these people.

[consumermediallc.files.wordpress.com image 652x798]


That letter is gold. I tell you what.
 
2013-06-13 09:22:26 AM  

minoridiot: badhatharry: Even the NSA is not allowed to open your mail.

Not necessarily true.  Every bit of international mail into the US is reviewed, and yes, some of it is opened.


I knew that they x-rayed and inspected it but I thought opening it was a very big deal.
 
2013-06-13 09:23:12 AM  
So send it FedEx instead?
 
2013-06-13 09:27:06 AM  
Wait, people buy gold off of eBay?  Really?  I can see Beanie Babies or Nintendo games.  But gold?
 
2013-06-13 09:36:36 AM  

TheOriginalEd: I thought it was already illegal to send currency by mail.. thus.. checks and money orders... maybe not? guess its just stupid not illegal.



It's a common misconception.
 
2013-06-13 09:41:33 AM  
I believe there are specific restrictions on pennies, however, since they're worth more in metal than their face value, or very nearly so.
 
2013-06-13 09:57:46 AM  
France has long had some weird restrictions on using cash, for eg. a French citizen cannot make a large retail purchase (i think the number is 5k euro) in cash, but a foreigner can.  The issue there is dodging the 19% VAT.

JSP
 
2013-06-13 09:59:33 AM  
We already have a law that allows the police to seize anything that's not nailed down.  No warrant necessary.  And good luck getting your stuff back.
 
2013-06-13 10:01:22 AM  

badhatharry: minoridiot: badhatharry: Even the NSA is not allowed to open your mail.

Not necessarily true.  Every bit of international mail into the US is reviewed, and yes, some of it is opened.

I knew that they x-rayed and inspected it but I thought opening it was a very big deal.


This started in 2002 after the passage of the Trade Act of 2002.

(1) In general.--For purposes of ensuring compliance with the Customs laws of the United States and other laws enforced by the Customs Service, including the provisions of law described in paragraph (2), a Customs officer may, subject to the provisions of this section, stop and search at the border, without a search warrant, mail of domestic origin transmitted for export by the United States Postal Service and foreign mail transiting the United States that is being imported or exported by the United States Postal Service.

And here is the process,  from the CBP website.
 
2013-06-13 10:07:20 AM  
I'd like to get some more info on this from a source that doesn't cater so heavily to the OMG FIAT COMING FOR MY GOLD MARK OF THE BEAST demographic.
 
2013-06-13 10:52:22 AM  
i.imgur.com
 
2013-06-13 11:07:03 AM  
inkslingerblog.files.wordpress.com

Would proud of his French comrades.
 
2013-06-13 11:25:43 AM  
The idea of laissez-faire capitalist, anti-government Teabaggers creating their own little markets for 3D printed guns and homemade Utilikilts and paying each other in gold nuggets is funny enough... the fact that they're using the USPS to mail their gold back and forth takes the cake.
 
2013-06-13 11:59:36 AM  
"Put down the birthday card Grandma."
 
2013-06-13 12:18:34 PM  

ltdanman44: Some have suggested that the decree is to limit what is known in France as "the anonymous market", the market in which no taxes are paid and people are free to trade without the supervision of banks and government.

So, bartering is now a criminal activity?  That's how the freaking world was built!!!

[b-i.forbesimg.com image 297x166]


How does your comment and picture have anything to do with mailing cash through the mail, and the recipient not declaring it as income?
 
2013-06-13 01:34:21 PM  
Currency controls. One of the usual harbingers of an impending economic crisis.
 
2013-06-13 02:10:57 PM  
Back during the Dad Old Days of Communism, my parents regularly mailed U.S. dollars
to relatives in Poland, where they'd use the money to pay bribes to government officials
and get themselves moved up the ladder to get refrigerators and better apartments, that
would have taken months or years to get otherwise.
 
2013-06-13 02:28:34 PM  

jjorsett: Currency controls. One of the usual harbingers of an impending economic crisis.


Indeed. If you are going to confiscate some of the wealth of your citizens, you must first ensure that they do not move it out of the country.
 
2013-06-13 02:48:14 PM  

Gordon Bennett: So much for these people.

[consumermediallc.files.wordpress.com image 652x798]


I don't know if to laugh or weep for humanity...
 
2013-06-13 03:22:41 PM  
My Grandmother used to send me a $5 bill in the mail for my birthday.  She did it for all 22 or her grandkids each year.  If she were alive today in France, would she be a criminal?  "Your honor, the defended sent currency through the mail, not once, but over 20 times each year, for decades!"

And this is all because the French government realizes that cash transactions don't have a paper trail.  What's next?  Vide-greniers? Petit gâteau des éclaireuse?

((sorry for the bullshiat French - and for that redundancy))
 
2013-06-13 03:57:11 PM  
Is this showing up any place that _isn't_ trying to sell you gold?  'cause I can't find it.  The USPS website just says that if you want to send someone gold you need a permit from the Bank of France.

http://pe.usps.com/text/Imm/fh_005.htm
 
2013-06-13 03:58:26 PM  
Er.. sorry, THEY need a permit.  Not you.  Must remember, coffee, then post.
 
2013-06-13 04:10:54 PM  

ReverendR: Is this showing up any place that _isn't_ trying to sell you gold?  'cause I can't find it.  The USPS website just says that if you want to send someone gold you need a permit from the Bank of France.

http://pe.usps.com/text/Imm/fh_005.htm


How about Business Week? Google: "France bans shipping gold"
http://www.businessweek.com/news/2013-06-07/france-bans-sending-bank -n otes-and-precious-metals-via-mail
 
2013-06-13 04:15:42 PM  

ReverendR: Is this showing up any place that _isn't_ trying to sell you gold?  'cause I can't find it.  The USPS website just says that if you want to send someone gold you need a permit from the Bank of France.

http://pe.usps.com/text/Imm/fh_005.htm



Article 3 - L'insertion de billets de banque, de pièces et de métaux précieux est interdite dans les envois postaux, y compris dans les envois à valeur déclarée, les envois recommandés et les envois faisant l'objet de formalités attestant leur dépôt et leur distribution
 
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