Let's say, for the sake of argument, that I give a Krugerrand to my neighbor in exchange for an AR15.
In the world some are painting here...
1) Do I go to jail, and is it a misdemeanor or a felony?
2) Does he go to jail, and is it a misdemeanor or a felony?
3) What mechanism is involved that a private transaction like this would ever be discovered by law enforcement, assuming that the weapons are never used in a crime.
There's a lot of devil in a lot of details in this imagined scenario. Short of a police state, private transactions will always be "below the radar". And will make criminals out of otherwise law abiding citizens.
Be careful what you wish for!
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