Jackson Jambalaya

 Be wary of these pop-up "events" where gold is bought and sold as they may not be legal.   One would-be gold tycoon found out that lesson the hard way in Madison after the city shut down the "event." 

Posted above is an ad for a pop-up "buying event" that was scheduled to take place in Madison this week.  

There is just one problem.  The buying of precious metals without a privilege license is illegal.  Section 75-95-3 of the Mississippi Code states: 

 (1) A dealer desiring to engage in the business of purchasing precious items for the purpose of reselling those items must purchase a privilege license under Section 27-17-9 which authorizes him or her to engage in that business. A dealer may not operate in the State of Mississippi unless he or she has a current privilege license to engage in the business of purchasing precious items for the purpose of reselling those items.

(2) A dealer may operate only from the permanent place of business listed on the privilege license. The dealer must forward a copy of each privilege license to the local law enforcement agency within five (5) days of receipt of the license.

The operator of the "event" did not obtain the required privilege license.  Someone filed a complaint with the city of Madison.  The Madison constabulary went into action and shut the whole thing down. 

So if you are going to do some buying and selling of gold, better get that privilege license.