Ron Paul Silver Rounds
Submitted by stockoneder on Fri, 08/28/2009 - 10:45
Can you believe this ripoff?
http://www.thefreedommint.com/barter.php
Trying to sell a 1 oz silver coin with the Image of Ron paul on it for $36.00?
Talk about a scam. The best price you could get would be if you were foolish enough to throw away your money and buy at least 76 of these things for a mere $19.50 each. That is almost $5 higher than the current spot price right now. Can't believe RP would want to have anything to do with this ripoff.
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These are connected with a
These are connected with a barter network. Suspect this has been discussed on DP before but I've missed it. Anyone know of good thread, please post here.
Oh ......... check out photo on this site, Dr. Paul receiving his piece!
http://www.freelakotasilver.com/
.
http://www.opencurrency.com/currencies.php
Trust in God, but tie your camel tight.
"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor
Well I did a little more
Well I did a little more research on this website and found this:
The Freedom Mint is the Gold and Silver custom minting arm of RestoreTheRepublic.com. Currently gold and silver pieces sold here are designed to be fundrasing projects for RestoreTheRepublic.com and other organizations they work with.
At this time we are only offering Gold and Silver custom minted commemoratives but we have plans to expand our services to provide you with a means to secure your wealth by buying and selling silver and gold to protect your family and your future.
The Freedom Mint contracts with one of America's premier coin designers to create the stunning pieces you will find on our site. Our gold and silver is minted off-site and in the United States to keep American jobs on American soil.
We hope you come back often to see what new items we are offering and to experience the growth of our services as we expand.
Gold and silver is the only real store of value in America and we are happy to provide it for you.
I also talked with the owner and he told me some of his profits are used to support the freedom and liberty movement and that he was a personal friend of Aaron Russo, who I also admire. We disagreed on whether this is a good way to buy silver as an investement and store of wealth but if you want to buy some silver and donate some money to the causes named above maybe this makes sense for you.
Yeah but you'd
gladly give a $1 bill for a $1 dollar coin when it's melt value is 5 cents.. What's your point? Which is more of a ripoff?
http://www.coinflation.com/coins/2007-Presidential-Golden-Do...
No. I am buying silver at
No. I am buying silver at spot or slightly above spot. Trading my paper dollars for precious metals whenever I can. I have bought a lot of silver from this company.
http://www.firstmajestic.com/s/OrderForm.asp
Currently priced at 1.20 over spot for nice rounds. There are better deals occasionally on ebay using the microsoft cashback offer by using Bing, Ebay and paypal. Have bought a lot of gold and silver UNDER spot using that method.
If I am buying silver and gold as a store of wealth, a hedge agianst further dollar devaluation and as an investment the cheaper I "buy" the pm's with my paper fiat dollars the smarter I am being with my resources.
There is much more to this
There is much more to this story, just begun checking it out.
http://www.opencurrency.com/currencies.php
Trust in God, but tie your camel tight.
"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor
I checked it out. I think
I checked it out. I think open currency.com plan will fail. It doesn't make economic sense. Saying an ounce of silver is worth $50 in trade when the market says an oz of silver is worth 14.80 doesn't compute. Why would I sell my $50 worth of goods or services for $14.80 worth of silver? Just because the silver has a stamp on it how does that justify the extra $35 value? It doesn't.
When goods and services are priced in grains, grams or ounces of gold and silver then we can have a viable, fair money based on them.
Trying to artificially price them in units of value called dollars is a big part of the problem of why they failed as money.
I think I understand but..
Ok let's see now... You wouldn't take a 1 oz silver piece that says $50 on it because it's intrinsic value is only $14.80.. But you'll take a piece of paper that says $50 on it when it is worth nothing by itself, but only backed by faith in the government.. In fact it's worth less than nothing because in reality it is a promissary note saying that the person holding it actually owns $50 worth of government debt. That physical piece of silver is still worth +$14.80 and that $50 bill is really -$50 + interest, therefore making that ounce of silver worth $65.00 more than the paper currency is.
In the entire history of the country no coin when it was minted had as much metal value as the denomination that was marked on it. A one dollar copper coin has an intrinsic value of five cents so why would you trade a dollar bill for it if it's only really worth 1/20 of a dollar? One reason and one reason only... The banks accept each as a dollar no matter what materials it was made from. If they did that for the silver rounds then you'd be more than happy to accept them, wouldn't you?
tell him about and............
Maybe he can get him to bring the price down or threaten a lawsuit....
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