[mandalisj]

Additionally, the par value of a dollar is why the 'liberty dollar' people are going to jail.

When silver was under $10 they used to pawn off an ounce of silver for $10, way above the market price. Now that silver is well over $10 do they still put a ten dollar denomination on an ounce of silver or do they try to swindle more? Who do they think they are, the Federal Reserve? I think it's no less crooked. They think they can get people to use 'liberty dollars' for more than the price of the metal. The current denomination of the silver liberty 'dollar' is $20 while silver is trading around $14 ... I can buy a nice new shiny silver dollar with the attestation of weight and purity from a sovereign government for less than $20, why would anyone buy a 'liberty dollar' from a brand new mint nobody has ever heard of for such a premium?


But their real problem is because they issue a one ounce gold coin with a face value of $1000 when they have no lawful authority to do so since the government does not have to accept the one ounce gold 1000 liberty 'dollar' coin for payment of $1000 in taxes. Additionally, the United States government does not certify that the VALUE of the coin contains $1000 worth of gold which is over 23 ounces (1000/42.2222) par value. This is what is really getting them in trouble. If they had minted coins or bars AND DID NOT REPRESENT THEM AS DOLLARS just like Credit Suisse, Johnson Mathey, Englehard or anyone in that business does then they would not have had a problem. The sad thing is that they had a good business plan but were too ignorant to carry it out since Credit Suisse will not let me spend my warehouse receipts with other members on the website and will only buy them from me with government money. If they minted a one ounce gold coin and called it '1000 liberties' OR ANYTHING ELSE BESIDES DOLLARS then they would not have had any problems.