Simple- Gold is a hedge against the worthlessness of the inflated dollar. Governments want to hide the effects of what they do (printing money), and gold allows citizens to stay whole in the face of inflation.

FDR confiscated all gold in the 30's just before he devalued the dollar, therefore extracting a great deal of saved wealth from the citizens.

Being half a Swede who never set foot in Minnesota, I've known for a long time that state is filled with Swedes, and many Swedes have names that end with "strom" such as mine.
To answer the "why," consider socialist Sweden and how that mindset relates to the word "regulation."
So there ya go.

mn is the only state with muslims representing the population of the state so i guess that tells you something about their "law makers" . one more reason not to live in mn.

Thanks for replying, so how do we go about getting the legislation repealed?

This is well-known in the numismatic community. Thanks to Snoogoo for linking to my article from last year.

There was no special intent or hidden agenda. They just regulate things. It's what they do. However, the strong conservative, libertarian, and objectivish currents within numismatics carried forward a massive resistance. If you read my article there, you will see that many firms simply refuse to sell to anyone from Minnesota. Even if a Minnesotan travels out of state, some dealers will not sell to them, so as not to be subject to the law. It is a producers' strike, really.

However, as is often the case, a couple of very large and important numismatic firms are in Minnesota, including the one owned by Gary Adkins, a longtime ANA stalwart member and board governor. He registered. Other firms did as well.

You make your choices.

Because Minnesota's government wants to control us. Is this the year when the grain in Minnesota spoils because Taggart Transcontinental doesn't send the trains?

Yes, I absolutely believe it does, which begs the question, how did this happen and how do we find out how it happened and how to repeal it?

Doesn't this directly restrict interstate commerce?

I emailed Governor Dayton regarding repealing this legislation. I don't understand how this happened to us in Minnesota without some serious public discourse. I have been making public inquiries and very few people that I've spoken to are aware that this went down without our public knowledge. Please let me know any thoughts on how to overcome this obstacle to allow us to buy gold and precious metals like the rest of the nation!

I can't help he's the rep for SLP, fairly ironic in my opinion.
Please let me know what you find out and I will let you know what progress I make. Let me know if I can provide any assistance, I'm thrilled to hear you think others are against this!

Eeew, Keith Ellison.. that guy is so crooked. I'll prep an email to my state reps this weekend, let you know if I get anything back. Want to do a little research first, I'm sure there are a lot of people who are against this.

I emailed Peggy Flannigan, Ron Latz and Keith Ellison who are my State Representatuves.
Thank you fellow Minnesotan, let me know if you have any ideas how to get this legislation repealed.
Thanks for coming aboard, anyone else?

Fellow Minnesota voter here willing to pitch in on that cause. I read about this a few years ago when it came out. See this post: https://www.galtsgulchonline.com/post...

Hope they respond. The story about getting felons out of the coin business sounds suspicious to me. Government is almost always interested in control but I'm not sure how they benefit here.

That's what I'm wondering if we can find out. I've emailed my 3 State Representatives to find out.
I want to know what the process would be to get this legislation repealed.

It's interesting. I did a search and it looks like another government regulation creates confusion and unintended consequences. The article I read stated they wanted to get some of the low lifes that were cheating investors but it looks like most dealers think the law goes too far. Wonder what the real intent was???