they're expensive. The circulation is not the illegal part, its that for a while they were trying to compete with the govt. That never really works out for the little guy
The government should have no say in what citizens choose to use as currency. Precious metals are where it's at. The dollar? ha. Losing value as we speak. I don't know anything about this company, but the idea is interesting at least.
Have you not heard of the crowd called NORFED? They have got a website here; www.norfed.org .They're as bad as that crowd who claim that their Millennium Dollars (MR$) are worth more than US$. Aidan.
Aidan is right on this one DJ, and all you are spending your money on is in fact, silver rounds. At their prices your can go broke in no time, while they go happyly to their bank and exchange what you send for U.S. currency. If you are into buying silver rounds, help yourself! But don't be taken in by their BS.
DJCoins,they're a real scam.Their products have already been declared illegal to circulate under the U.S. federal penal code. Here's a couple of articles; http://en.wikipedia.org/wiki/Liberty_Dollar & http://en.wikipedia.org/wiki/Millennium_Dollar . Aidan.
Don't worry aidan. I haven't bought anything and wasn't planning to. I'm just saying that precious metals is where its at.
DJCoins,there is no such thing as an inflation-proof currency at all.The prices of precious metals are always going up & down all the time. Both NORFED & the Millennium Dollar crowd are a bunch of rip-off merchants who deserve to be put into the Coin Talk Numismatic Hall of Shame anyway! Aidan.
In the title of this thread I meant to put a ? but forgot to before I posted the thread. I don't believe anything is free from inflation but I do know that precious metals are a lot safer to hold on to than dollars.
Gold is pretty close to an inflation-proof currency, and was so when it was utilized in this function. The metal itself is very stable in value, and it is the dollar and other fiat currencies that are changing in relative value as they float against each other and against commodities of all types. The stock to flow ratio for gold is very high, and it would be a fairly good currency if it was used as currency. Since it is not used as currency, the supposed deficiencies aren't really relevant. This is never going to happen anyway, so it remains in the realm of theory.
Cloudsweeper99,precious metal prices are also prone to price fluctuations as well.They go up,& then they come down in price,but not as often as currency exchange rates.The New Zealand Dollar has been strengthening in value since late last year,& that is hurting exporters,but favouring importers.House prices over here are through the roof,& as a result,far fewer New Zealanders will ever be able to afford to buy their own house. A few weeks ago,my boss was in Tonga.He was trading NZ$1 for 1 Pa'anga & 40 Seniti.Talk about a favourable exchange rate there.I'm not sure about the NZ$ vs US$ exchange rate or the NZ$ vs Pound Sterling exchange rate. Aidan.
One thing to consider is that if gold and/or silver was used as money, and the money was denominated in terms of weight instead of value, the price of the metals would never fluctuate. For example, if a dollar is defined as 371.25 grains of fine silver, the dollar will never change value in terms of a "price" for silver. Therefore, price fluctuations become an impossibility. "Inflation" then becomes only a matter of increases and decreases in the stock of metal compared to the demand for the metal.
