Response to banned Liberty Dollar troll - Good post. You pretty well hit the nail on the head with explaining the value. To expect something to be worth exactly what number is printed on it is silly. Even his precious US dollars are worth more or less depending on where he shops and a mult

Site Admin Joined: Apr 03, 2007 Posts: 578

I'm creating a new thread as a response, since the other one got so big so fast. The troll is here to raise doubt, distract, and attempt to divide (good luck with the caliber people we have here).

First, the guy says they are worth .75.

How can they be worth less than the silver that makes them?

1) He/she probably doesn't understand spot price and value, either. "Spot" price is the price of silver traded on the market -- we're talking LARGE HUGE quantities of bricks, that usually don't even physically move. So spot price is considerably lower than what a movable, tangible piece of silver is going to be.

2) When you take a hunk of precious metal and do something with it, you add value. You could carve the metal into a figurine, you could make it into jewelry, or you could mint it. The idea behind minting is to have a set, precise, measured size and content (weight). Some minting is done with fine .999 silver or gold (like the Liberty Dollars are) and some are made into an alloy for strength (South African Krugerrands for example -- the most widely minted and recognized gold coin on Earth). Minting it into set value adds CONSIDERABLE value.

3) So, to mint the Liberty Dollars, you first have to buy the silver. Bernard Von NotHaus does not buy silver at spot price -- he pays a few dollars over. Then he pays an expensive minting fee per medallion. This brings the total cost for Bernard to approx spot + $1.50 per $20 medallion.

The prices always change, but here's a general idea.

Bernard mints and pays spot + $1.50
Bernard sells to distributor for spot + $2
Distributor sells to associate for spot + 3.50
Associate/merchant uses at face value and saves $1.50

4) My family is in the fastener (screws, bolts, rivets, etc) business. When they sell screws to businesses, they don't sell for the raw cost of materials. They are adding value to the materials -- labor, overheard, and a little profit must all factor in. The same goes for Liberty Dollars. You can't even buy silver at spot price (unless you don't want to hold it in your hand). Getting it to .999 purity is adding value, housing distributing this at quantities is adding value, shipping it around costs money, designing and manufacturing dies to mint it costs money, paying people to do these things, including running the machines, packaging it, etc all costs money.

5) ALL OF THIS VALUE HAS BEEN TRANSFERRED to the OWNER OF THE VALUABLE LIBERTY DOLLAR.

6) When you have FRNs in your wallet -- they do not have any inherent value. You can't write on them (they've already got crap written all over them) -- so they aren't worth the paper they're printed on. You certainly wouldn't want to wipe your backside or even blow your nose with them -- they're dirty as heck Razz

7) What FRNs actually are is a SHARE of DEBT. So you actually own debt -- what a wonderful asset! You actually hold a liability in your hand. If you are American, it is most likely your ass it made to pay for this debt with your INCOME TAXES. It's a huge scam.

Cool

You OWN the Liberty Dollar. It's not debt, there's no interest due on it, it hasn't contributed to the national debt. It actually has some inherent value.

9) No money is perfect. Gold, platinum, diamonds, it doesn't matter. You can't eat them. They aren't economical to build a house or a car. They are shiny, pretty, and allegedly "rare." For whatever reasons, we use these. Even the first money in these forms was used to CONTROL society. At least with the aforementioned, you can hold something in your hand.

Money IS the root of all evil, as the saying goes. It's always been used for ill. There wouldn't be any armies without money -- soldiers always have to be paid. Men won't fight other men for no reason unless they're paid. Without money, we would simply have militias on the local level (sort of like standing-by defenders of the "tribe" or settlement). This is the natural way.

Since we're stuck on money for now -- we may at least use something that can't be manipulated and turned into a weapon against us as easily as fake ass U.S. Dollars. 75% of dollars are all DIGITAL. 0s and 1s. It's a crock of crap. They click a key on a keyboard and create billions of new dollars. Why do you think the dollar has lost all of its BUYING POWER.

BYE BYE MORON TROLL.

Site Admin Joined: Apr 03, 2007 Posts: 578

By the way, I would highly doubt that this liar troll really has a niece who has a friend who was arrested for accepting the Liberty Dollar -- this is a classic disinfo-agent (which does NOT insinuate they work for gov't -- there are many species of disinfo agents out there) EMOTIVE argument. They want you to feel sorry for some little girl who doesn't exist and create ill feelings towards the Liberty Dollar.

Also, I forgot to mention that stamping a value on the medallion/coin also adds value. As silly as this sounds, it's true. Money, after all, is a silly thing. But putting that $ symbol and a number being it does add value.

It works wonders for paper -- I'll tell you that! Rolling Eyes

Newbie Joined: Sep 18, 2007 Posts: 20

Good post. You pretty well hit the nail on the head with explaining the value.

To expect something to be worth exactly what number is printed on it is silly.
Even his precious US dollars are worth more or less depending on where he shops and a multitude of other things. Ans US dollars even have a huge bureaucracy attempting to force us to all value them at what is printed on the face.

Site Admin Joined: Apr 03, 2007 Posts: 578

Gold and silver can still buy the same (or more) than they bought 50 or 100 years ago. So if 100 years ago you had 200 ounces of gold, you could buy a house. Today, that same house may cost many times what it did (in US dollars) back then -- but that same 200 ounces of gold will buy that same house, and perhaps have a lot leftover. This means gold has kept its buying power. The sme goes with silver -- perhaps even better with silver.

So...take this scenario.

Billy has $10,000 in 1920 and he saves it. He buries it in his backyard. He decides to pass it onto his kid, who leaves it in the yard, and passes it to his kid, etc.

Bobby has 475 gold coins (valued at $10,000) in 1920. He buries it in his yard. He passes it down, generation to generation, just as Billy did.\

Now is the year 2007.

Billy's descendants dig up the $10,000. They will be lucky to buy a decent foreign car with it. They are thoroughly disappointed.

Bobby's descendants dig up the 475 gold coins. They are thrilled -- they have nearly $350,000 worth of gold they can sell! They buy some land out in the country, build a big brand new house with a swimming pool, and even have enough left over to save some or buy a pickup truck Smile

I'm trying to get people back onto value by spreading real substance as money. Your money sitting in the bank, or even your money in investments -- is actually LOSING value every second. You will need to earn about 15% interest to keep up with inflation -- perhaps even more. Convert to gold/silver, and your money will keep most of its value.

Oh, and I paid $250 to become a Liberty Associate (they also give you $100 back in Liberty Dollars). And I get $1.50 off each (then add shipping) $20 gold piece. I haven't "spent" anywhere near the 100+ medallions I would need to in order to even break even. So I've invested my money in OTHER people so far.

I need to stop giving a shit about other people I guess.

**Member** Joined: Jul 02, 2007 Posts: 614

how exactly do you buy gold or silver shaun?

Initiate Joined: Jun 23, 2007 Posts: 259

Shaun to hell with what that idiot had to say. The people on this website who want to know the TRUTH - know the TRUTH.

You just keep on keeping on! We're proud of you!

We pretty much understand the corruption of "unjust weights and measures." Federal Reserve Notes

Paper fluctuates in value.

Anyone who invested in gold years ago would be extremely wealthy. Today gold is at approximately $732.00. That's why the banksters confiscated our gold in 1933 and silver, I believe, in 1964.

A Federal Reserve Note is worth about 1 cent. That's why it takes so many of them to buy anything.

Inflation is caused by the amount of paper in circulation. The FED continues to pour more paper into circulation to prop up the stock market.
It's a temporary fix. Very temporary.

Greenspan wants to blame Bush. Hell, Bush is their puppet! As has been every other president since Kennedy.

Site Admin Joined: Apr 03, 2007 Posts: 578

You can buy silver and gold online, or locally. Find a local coin dealer. Or find a dealer online, and try to purchase anonymously. I prefer not to have any trace that the gold/silver wound up in my possession. This is not easy, but try buying under a different name/address. Or work out some kind of secure anonymous (transaction ID or code) purchase and delivery. I've never tried it this way, so I couldn't tell you if it's possible or not -- but it seems possible.

If you buy a certain amount, I can't remember how much, the dealers will badger you to giving them info, like a SSN (slave surveillance number) or TIN (too indentured number). It's in the 1000s tho I think. So you can purchase below the threshhold, or simply find a dealer that won't ask for it.

Decide what you want first -- I recommend getting info from: http://the-moneychanger.com/commandments.phtml

Initiate Joined: Jun 20, 2007 Posts: 430

Get HTTP website code for a live silver price chart here:
http://www.kitconet.com/webcharts/ag_en_euro.html

**Member** Joined: Jul 02, 2007 Posts: 614

thanks for the info. don't let the trolls get under your skin. they want you to slip up, get angry, and say something that they can use against you. you're better than that shaun.

Site Admin Joined: Apr 03, 2007 Posts: 578

FRNs are worthless. The only value they ARGUABLY have is that they are widely-accepted. When you hold an FRN, you don't own anything (but a messy, dirty, little sheet of paper). FRNs merely represent DEBT or CREDIT.

Your ability to actually OWN something by exchanging FRNs is limited to the voluntary acceptance of these worthless sheets of paper. If any economic situation arose that completely destroyed the credibility of these sheets of paper, you would be out of luck.

THERE IS NO BACKING OF THE DOLLAR. THERE IS NO REAL, TANGIBLE, PHYSICAL GOOD OR COMMODITY THAT WILL BACK IT UP. ITS VALUE IS ONLY BASED ON ITS MYSTICISM!!!

Contrast these facts about FRNs to a value-based currency, such as the Liberty Dollar, which is based on a LIMITED resource. You OWN the Liberty Dollar. No matter what happens, you will still OWN that silver or gold. THIS IS MONEY!

FRNs are green. They literally grow on trees. You can't use something like leaves on trees (or leaves of paper) for money, because there is virtually an endless supply of them. We've been duped -- our parents, grandparents, etc were duped.

The Liberty Dollar isn't perfect, but no money is. Money in general is subject to availability. Even with gold and silver, someone has to own the mines, someone pulls it from the earth. The same folks that print out worthless FRNs own the mines for gold and silver as well! So it doesn't matter what you use as money. You can't eat it, sleep on it, it's only as good as your desire and willingness to use it.

For those who want to say Liberty Dollars are worth spot -- don't be ridiculous. You don't go to the grocery store and buy grain or oranges or any other food at the price traded on the markets, do you? I didn't think so. Value has been added to the Liberty Dollar throughout manufacturing and distribution, marketing, etc.

Also, the suggested value on the face of the round really does imbue extra value into it. Why does printing a face value on a gold or silver round give it extra value? I suppose it's because people will be more likely to use it at that value!

SOUND RIDICULOUS? PERHAPS. BUT THIS CONCEPT HAS WORKED WONDERS FOR WORTHLESS GREEN PAPER SHEETS!!!!

Next, as far as trade goes...

There is NO legal or moral obligation to explain what you're offering. If you are asked a question about it, then your answer must be honest. If you simply say nothing when offering whatever you're offering for trade, the other party must decided whether or not they wish to accept it.

This is a common-law principle that goes back a VERY long time, before recorded history. There's even the possibility that men and women, from long ago, did not (could not) SPEAK, yet they still conducted trades! One offers one thing, the other inspects it, both parties inspect the good offered by the other, and decided if they are both satisfied or not. SIMPLE.

It's not illegal, immoral, or dishonest for a MUTE person to use Liberty Dollars, is it?

You can criticize the product all you want, but what better alternative do you have? I would love to see prices in the stores in gold and silver ounces. But this is going to be far more difficult to achieve. Why not start heading in the right direction by using the Liberty Dollar for now, until something better comes along?

Or keep using FRNs and putting our country more in debt and giving our land up to the global bankers.
Edit/Delete Message

Newbie Joined: Oct 18, 2007 Posts: 3

If I purchase a silver liberty dollar it will cost me $20 in Federal Reserve Notes: http://www.libertydollar.org/catalog/index.php?cPath=21_48

If purchase a silver dollar issued by the U.S. Mint it will cost me about $15 in Federal Reserve Notes: http://www.nwtmintbullion.com/silver_americaneagle.php

If I purchase a private label silver round from the Northwest Territorial Mint it will cost me less than $15: http://www.nwtmintbullion.com/silver_nwtmintbullion.php

EACH OF THESE COINS CONTAIN 1 TROY OUNCE OF SILVER

So, why in the world would any sane person want to pay a 33% premium simply to get an inscription that says the coin is worth "$20"? That's FIVE additional Federal Reserve Notes simply to state that the value of the coin is worth "$20".

In addition, the Coinage Act of 1792 states that 1 dollar consists of 371.25 grains of pure silver. If my understanding is correct, the Liberty Dollars contain one troy ounce (480 grains) of pure silver, which is equal to $1.29 as defined in the Act. http://www.reformation.org/moneychangers.html

The Federal Reserve is a banking cartel that creates fake money as a wealth transfer scheme. However, that does not justify the manufacturers of Liberty Dollars slapping a label of "$20" on their 1 oz rounds.

Here's another question I would like to ask of Shaun: why in the world would you trade away silver? Have you seen the following article?

http://news.silverseek.com/TedButler/1161705933.php

**Member** Joined: Apr 25, 2007 Posts: 1094

Thanks for that article at the end Brent. Good read.

Newbie Joined: Oct 19, 2007 Posts: 13

I would have to agree with Brent. The Liberty Dollar's value has been assigned by its maker for the sole purpose of profit.

Site Admin Joined: Apr 03, 2007 Posts: 578

As I've said many times, MONEY is not perfect. Not even gold or silver bars are perfect. They only have value because we are willing to use them, we assign them some mystical value. You can't eat them. The main problem with them is we DON'T KNOW how much is still out there. There are probably mountains of gold we don't know about (perhaps the folks who own them know alllll about it).

Anyways, the Liberty Dollar is not perfect, either. So far, though, it's the best thing I've seen. It's the best in the sense that it's a system that actually COULD take off. Because everyone can profit using the Liberty Dollar, it actually gives some incentive to using it. People are lazy, and they'll just keep using FRNs if they don't have some incentive. It's unfortunate that OWNING SILVER isn't incentive enough for most people, but it's not!

So really, why knock the Liberty Dollar unless you come out with something better? I mean, yes it would be nice for it to be closer to spot, but then it loses its incentive. So if you were to design a product that would be better, how would you make up for that loss of incentive? How would YOU get people to use your real money?

I say stick with the Liberty Dollar until something better comes out. And if you think everyone putting prices on products in gold/silver oz is better (which it is) -- please realize this is also UNREALISTIC. Sort of like getting Ron Paul elected and Ron Paul saving this country. It's more realistic for each of us to work on actually saving it, than simply trying to elect some savior. It just ain't gonna happen.

**Member** Joined: Apr 25, 2007 Posts: 1094

So, after reading the article that Brent shared, that from my summary is kinda about silver is very devalued right now, and buying a lot would be a good investment cause the price will go up, I did some comparisons of the price of gold and silver myself.

I came to the conclusion, so far, by comparing that silver is at a reasonable value and is not priced low. I got that just by comparing charts of spot price from 1833 to present and looking at the graphs. There was a spike for silver and gold somewhere around the 70's/80's, but it looks like gold and silver seem to be at a normal price. In other words, I don't see how the price of silver is devalued currently and how it will jump in price. Does the author have anything to gain?

Does anyone have light to shed for me?

Newbie Joined: Oct 18, 2007 Posts: 3

Shaun wrote:

Anyways, the Liberty Dollar is not perfect, either. So far, though, it's the best thing I've seen. It's the best in the sense that it's a system that actually COULD take off. Because everyone can profit using the Liberty Dollar, it actually gives some incentive to using it. People are lazy, and they'll just keep using FRNs if they don't have some incentive. It's unfortunate that OWNING SILVER isn't incentive enough for most people, but it's not!

Shaun:

You just identified the problem with your approach: you are trying to "profit" from using this coin, and you fell for the lie that the seller of the coin sold to the public. Here's the lie straight from the front page of the seller's web site:

The Liberty Dollar brings free enterprise to the creation of money. Doesn't it just make sense that when the underlying commodity increases in value the purchasing power of the currency should increase in value? Well that is exactly what happened in 2005. The Liberty Dollar Moved Up from the $10 Silver Base to the new $20 Silver base and all Liberty Dollars DOUBLED in value.

I'm sorry to break the news but the "value" of the Liberty Dollar did not "double" as claimed by it's minter. It was 1 oz before they changed the mark on the coin, and it was still 1 oz after they changed the mark on the coin. The only thing that changed was the devaluation of the Federal Reserve Notes and the mark on the coin! In case anyone doesn't understand what I'm saying, let me state this another way: Bernard von NotHaus has defrauded the public by putting arbitrary marks on the coins and claiming that "Liberty Dollars DOUBLED in value." Let me repeat myself, and remind you that the U.S. Congress has defined a dollar as a having a specific weight of gold and silver, and Bernard von NotHaus is slapping "dollar" values willy-nilly on his coins in non-conformance with U.S. law.

Is there an honest way to use silver coins as currency? The answer is YES. So how can this be done? Well, one way is to use rounds such as the Pan American's which simply state their content as "1 oz". (Disclaimer: I'm not an employee of the mint, although I happen to own a pile of them).

Are there any other honest ways to use silver coins? Again the answer is "yes" with a method that conforms to the U.S. Constitution, utilizes legal tender issued by the U.S. Mint, and can almost completely get rid of an individual's income tax liability. Hmm.... I bet you didn't learn about this in your college finance, accounting, or economics classes, so you might be wondering how this works. Here's the answer:

When you collect a payment for services or wages, you make a contract to receive payment using silver or gold coins that are issued by the U.S. Mint, and you calculate your tax liability based on the FACE VALUE of the coins - not the melt value as determined by the ratio with Federal Reserve Notes. The fact of the matter is that there are multiple "legal' currencies that can be used as payment of debts in the U.S., and no one is forcing you to use Federal Reserve Notes.

This concept was proposed by Franklin Sanders in his article "THE ENEMY IN THE MIRROR" which was published in 2002: http://www.gold-eagle.com/editorials_02/sanders042002.html At that time, he was simply discussing an untested theory. Well, now the theory has been tested by by a company that paid its employees in U.S. Mint gold and silver coins. The IRS charged the company with 160 criminal charges and lost the trial. Here's a couple of articles:

http://news.goldseek.com/RichardDaughty/1192633260.php
http://www.wethepeoplefoundation.org/UPDATE/Update2007-09-30.htm

To the guys in black who monitor this site, let me suggest that you view the following video to learn a little bit about your masters whom you serve, because they have been defrauding YOU along with all of the people that you have been harassing and terrorizing: http://video.google.com/videoplay?docid=-9050474362583451279

**Member** Joined: Apr 25, 2007 Posts: 1094

Question:

So if I have some gold or silver coins, and want to pay someone with them, or someone wants to pay me for a service, is the transaction done at spot prices? Or a little above or below?

Newbie Joined: Oct 18, 2007 Posts: 3

aa wrote:

Question:

So if I have some gold or silver coins, and want to pay someone with them, or someone wants to pay me for a service, is the transaction done at spot prices? Or a little above or below?

I'm not quite sure I understand your question, and I may have mis-spoke in my previous posting. When I said that 1 oz coins (non-US. Mint ) may be used as currency, I should have stated that they can be used as "barter", so as to avoid confusing them with "legal tender". They are not "legal tender" for the purpose of discharging debts, particularly tax debts.

For tax purposes, here's how to structure your transaction:

Calculate the ratio of Federal Reserve Notes to U.S. Mint.
Seller convinces buyer to purchase U.S. Mint coins from a bullion dealer that is roughly equivalent to the value of the Federal Reserve Notes.
Seller follows the law by reporting the face value of the coins on income tax forms.

So, why would a purchaser of goods, services, or labor agree to make an extra transaction in purchasing U.S. Mint coins just so the seller can reduce his/her tax bill?

In some cases, such as purchase of land, the buyer would have a lower property tax bill because the amount reported to the taxing authority would be the legal face value of the coins. So, instead of having a piece of land "valued" at $100,000, the purchaser would have a piece of land "valued" at about $6,250.

In other types of purchases the buyer may not have any tax advantages in having to run to the bullion dealer to complete a transaction. In those types of purchasers the seller may offer to reduce the selling price in both Federal Reserve Notes, and in U.S. Mint coins. For example, suppose that you are selling a good or service to someone and want to obtain an equivalent of $10,000 in Federal Reserve Notes in U.S. Mint Coins. At today's exchange rates, that would run about $625 in face value of coins. As a seller you tell the purchaser that if they agree to paying you in U.S. Mint coins, you will cut the sales price from $10,000 to $9,000 in terms of Federal Reserve Notes. You would then collect about $562 in U.S. Mint coins. You've reduced your tax bill, and the purchaser pays a slightly less amount, even accounting for transaction processing costs with the bullion dealer.

To the guys in black: There's no reason YOU can't collect your paychecks in U.S. Mint coins. Just because you harass and terrorize citizens doesn't mean that you are forbidden from obeying laws and legally reducing your own tax bills.

**Member** Joined: Apr 25, 2007 Posts: 1094

Hi Brent,

I'll try to be a little clearer. So if I have a bunch of 90% silver pre-1965 USA coins, and others do too, instead of doing business by charging or paying a bit over spot, why not pay spot? I understand that dealers are in the business of selling the coins, but as users for items or services, it currently makes sense to me to eliminate confusion and do transactions at current market 'spot' prices given on many websites. Is there any reason not to do this? or should I be greedy all the time and try to 'barter' by asking over spot. I admit I'm a bit new to this and am really open to new ideas/info; hopefully I understand.

I understand the idea of claiming the face value for taxes, as it would appear to be a lot less $, thanks for pointing that out.

Site Admin Joined: Apr 03, 2007 Posts: 578

You don't seem to know about income tax, either, Brent. There is NO liability to begin with. Why use silly US Mint coins? I suppose it's better than paying enormous amounts in taxes. As for me, I'll happily continue to pay no tax that I don't owe (except the unavoidable stuff like sales tax).

FRNs cannot be used to pay any debt. If you receive FRNs from a bank for a loan -- no debt is incurred either. You don't owe them anything. They gave you worthless paper -- not something of value. You can write them a worthless promissory note right back!

I'm not trying to argue with you on the finer points of the Liberty Dollar. What I will say, is that we have NO value-backed currency with a face value minted by our government. So we must use an alternative.

Site Admin Joined: Apr 03, 2007 Posts: 578

The other problem with using US mint gold/silver coins at face value is "minimum wage" requirements. The minimum wage could be hard to meet. There are ways around this as well though.

Back to the Liberty Dollar. I also agree it would be better if the value were closer to spot, but it just can't be done. The Liberty Dollar is a product, and a product must be marketed, distributed, and sold. You can't expect Von NotHaus to do it all for free and lose money at it.

Wouldn't you rather have a value printed on a gold or silver round that is close to spot, than value printed on worthless paper that represents nothing but mystical mathematics and the creation of credit and debt? I would rather OWN something.

If you want to be an idealist, which it very much sounds as you do, you will have to dump money altogether, my friend. You can't eat gold or silver. If you want to be ideal, you will have to barter everything -- you will have to trade your time/labor for food, or other forms of useful property (land, shelter, etc). You can't use gold or silver if you want to be ideal, because the same jerks who print the worthless paper FRNs also happen to own all of the gold, silver, diamond, and other "valuable" resource mines! As long as you use that to which THEY lay claim, you include them in the transaction.

Even gold and silver are scams, but less of a scam than digital 1s and 0s and worthless sheets of debt/credit notes.

**Member** Joined: Apr 25, 2007 Posts: 1094

Hi Shaun,

What happens to the liberty dollars if they have a $20 stamped on it, and then spot price goes up to like 25?

Site Admin Joined: Apr 03, 2007 Posts: 578

I think when spot reaches 15 for a sustained amount of time (a 30-day moving average sustained for like 45 days or something), then they increase the "base value." It's been a while since I've read the specifics, so I don't recall. I can't remember if the next base is $40 or $50 or what exactly the spot price (maybe 15, maybe more) to reach that is.

Newbie Joined: Oct 19, 2007 Posts: 13

Do you recieve your change in FRNs?

Site Admin Joined: Apr 03, 2007 Posts: 578

tinfoilhat wrote:

Do you recieve your change in FRNs?

Often times I did, back when I used Liberty Dollars.

Newbie Joined: Oct 19, 2007 Posts: 13

You quit using Liberty dollars? I must have missed that. Was it just too much hassle?

Site Admin Joined: Apr 03, 2007 Posts: 578

It wasn't a hassle. People really liked them -- it could be quite fun.

My lawyer has simply advised me NOT to use any until this thing is over.

Posted: Wed Apr 09, 2008 12:34 pm

For you "more than obvious trolls" who are blasting Shaun for using liberty dollars please consider this. It is an absolute fact that gold, silver, platinum as well as other bullion metals are REAL MONEY with a real intrinsic value. The industrial metals that they are making our coinage from is truly a fraud. Silver is a valuable metal. It is real money. It is redeemable in virtually every country on the planet. I personally think that a person is a complete fool who has any confidence in our present money system. At least Parker Brothers let's you know that the game board money used in the game of Monopoly is bogus. Well the Federal Reserve notes are just as bogus.

It's true that the paper used to print FRNs is a high quality paper>> but it is paper none the less. The original paper money like "Silver Certificates" and "Gold Certificates" had real precious metal backing their value. When push comes to shove you will find out that the FRNs will be completely worthless. They are on their way down as we speak. All the Liberty Dollars are is Silver Bullion. Even this hypocritcal government mints their own Silver Bullion coins in several weight increments. The one ounce Silver Bullion coin is called the Silver Eagle and they are available at Coin Shops throughout the USA and worldwide. I guarantee you that when our economy does finally fall off the cliff the bullion coins will have a true monetary value.

But this phony society seems to have an affinity for anything that is fake or a false imitation of something. It's no wonder that WWE wrestling is so big in this country. Most people like fake stuff, fake people, fake merchandise as well as fake money. So FRNs and pot metal coins will be the medium of exchange for the near future at least. And in the meantime the real metals will keep catapulting upward on the commodities exchanges.