Gratful for your posts - well, Johnny, the way it basically works is simple. When you buy from dealers, you are going to pay a bit over spot. This goes for "junk silver" such as the US 90% coins as they call them (old pre-1965 dimes, quarters, halves, etc). They

Site Admin Joined: Apr 03, 2007 Posts: 578

This fool is banned for coming here for the wrong reasons, saying I defrauded people (which I never did), and for simply being a moron. I will tear apart what he says with FACTS -- TRUTH.

Quote:

LD's do not have any value beyond their metal content.

FALSE. When you mint precious metal into a precise, measured amount, it adds value. Even if you take a hunk of silver bullion and carve an elephant out of it -- you have added value. Minting into set amounts, not to mention the artwork on the medallion, adds CONSIDERABLE value -- for the $20 LD pieces I would estimate you're adding about $2-3 value per piece.

So, now it's worth $2-3 over the SPOT price of silver minimum.

Quote:

In the distant future they may have some novelty value but not much. Real coins will appreciate far faster.

Distant future is not accurate, either. There are Liberty Dollars less than 6 years old that are trading at over $200 a piece (for ONE ounce size). I have in my possession a number of valuable, RARE ones that I could sell for quite a bit of money -- many many times their face value. You lie again.

Quote:

If you want to save by keeping silver and gold then go out and buy some silver and gold. I suggest coins. You can get REAL ONES for far less than the Liberty Dollars.

I've never said to stock up on Liberty Dollars to hedge economic inflation/monetary devaluing. The best thing to do is to take 50% of your money and buy JUNK SILVER -- "US 90%" coins. They come in big bags. Then put the other half of your money in commonly-traded and recognized gold coins like British Sovereigns, Krugerrands, etc.

One of our members approached me to purchase Liberty Dollars. I think it was Rella if I'm not mistaken (I apologize if I am mistaken). The first thing I did was ask them for what purpose they wanted them. I recommended that if it was for the above reasons, NOT to go with LD, but to do exactly what I just said. I wound up not selling them because of this -- which is perfectly fine with me. I am HONEST and UPFRONT with people. I don't scam.

Newbie Joined: Oct 10, 2007 Posts: 2

There is no reason to persecute two young people over using Liberty Dollars. They did not break any law and their intent was not to defraud anyone. The Federal Government would not get involved and have not shut down the exchange of Liberty Dollars. The court in Walworth County have extorted an inexcusible amount of money from these young people in bail money, and by forcing them to get lawyers over less than $50 in purchases which could have been settled simply and fairly.

It seems to be the goal of the prosecuting attorney to simply destroy two peoples lives, ruin their reputations over a non issue. These are not criminals, but two young people trying to execute their constitutional rights, which allows for trade, without government interference. Since we have allowed a private institution to control our money, we have become dependent serfs, unable to trade with others without the government and private bankers taking their cut.

I have sat in this court at Walworth County and am appalled at the behavior of these judges and lawyers, prosecuting one person after another for petty offenses, extorting unreasonable amounts of money from them. Who are the true criminals here?

For those of you who think the dollar is worth something, you better check out www.spp.gov The Americas have already been amalgamated and they do plan on putting in a new currency. Vincente Fox stated as much on Larry King. Jacques Attali, who spearheaded the European Union, forcing all the nations on the Euro wrote a book called, The New Millenium, Winners and Losers in the New World Order, where he outlines how the US, Canada and Mexico will be amalgamated and the US would be the loser. He was part of the group that planned it, that is why he could write about it ahead of time. He is one of the top movers and shakers at the United Nations.

Understand, when this new currency is forced on the people, you will lose money as the dollar won't be worth squat. The bankers always win because after all they wrote the rules to the game. It would definitely be something if the American people would wake up and all start using other means of exchange. We might just have a chance to keep a free nation.

As far as I'm concerned, this makes the prosecuting attorney in Walworth County look like a fool.

Initiate Joined: Jun 20, 2007 Posts: 430

The North American Union will have the effect of abrogating all treaties with the Native North Americans (Indians). Maybe they should have their own currency.

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

Shaun: i'm also looking into buying silver and gold coins. i contacted midas resources and the way they explained it to me was if you buy morgan silver dollars or any other coins you pay so much for them and then you can sell them to collectors or other people for a profit. i really want to buy silver and gold coins but as far as knowing where to go or what coins are the best to buy, i'm kinda lost. since you are a liberty dollar associate, i figured you had the inside track.

by the way, i read your story and i'm sorry you and your wife had to endure all that. the truth of the matter is that communism, capitalism, marxism, fascism, etc. are all corrupt. until the republic is restored and the constitution isn't being ripped to shreds by the government on all levels we will have to endure corruption and injustice.

Site Admin Joined: Apr 03, 2007 Posts: 578

well, Johnny, the way it basically works is simple.

When you buy from dealers, you are going to pay a bit over spot. This goes for "junk silver" such as the US 90% coins as they call them (old pre-1965 dimes, quarters, halves, etc). They come in bags, and are certainly the best (least expensive) silver to buy.

Silver is silver, gold is gold. There's no reason to pay premium, if you just want to store money. If you want to spend money, or collect it, then you could go for something like the Liberty Dollar. But to convert FRNs into something that will hold value (buying power) and could be traded/bartered with, go for the cheapest.

With gold, you don't want to buy anything you don't understand, or haven't heard of. Certain coins are very well known, like British Sovereigns, Krugerrands, Swiss/French 20s, etc. There's no reason to buy the "pure .9999" gold either -- and there's reasons NOT to buy it. PURE gold goes for a bigger premium, and is very easily damaged by rubbing and scratching. The best stuff is the aforementioned -- slight alloys that give the coins extra strength.

So, let's take the Krugerrand for example. If spot price of gold is 800, then you will probably get Krugers for $815 or $810 (quantity comes into play as with anything). If you bought them, and then sold them back the very same day, you would only get spot price 800 or less like $790 or $785. So, the dealers make their money no matter what.

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

i was really looking into silver because due to the economy going downhill having coins that will hold value or gain value and money you can spend without it losing any value would be nice. i've checked into silver and i do like some perticular silver coins but i was wondering about the liberty dollar. how much it is, current value, etc. just basic info.