gold-infused notes

[Serpo]

Well thats that ,problem solved



A New Way to Hold Gold



-- Posted Monday, 20 January 2014 | Share this article | Comment - New! (http://news.goldseek.com/GoldSeek/1390230900.php#disqus_thread)

Right alongside the bills in your wallet
By Adam Taggart
What if you could carry and exchange gold in the exact same manner as you do with the dollar bills in your wallet?
I've recently been introduced to a technology that's making this possible.
In today's podcast, I speak with Adam Trexler, President of Valaurum, about this technology and the gold-infused notes it creates. Valaurum's mission is to democratize ownership of gold by converting it into a form affordable to anyone.
Democratizing Gold

In short, a fractional gram's worth of gold is affixed to layers of polyester, creating a note – called an "Aurum" – similar in dimension and thickness to a U.S. dollar bill. This gold (usually 1/10th or 1/20th of a gram) is commercially recoverable. So an Aurum offers similar potential as a coin or bar, in terms of providing a vehicle for storing and exchanging known, dependable increments of precious metals – just in much smaller (and more affordable) amounts than commercially available to date.
The big idea here? In a world where a 1oz coin of gold costs over $1,200, an Aurum will let you hold a few dollars' worth of gold in a single note. If you've got pocket change, you can be a precious metals owner.
And you don't have to change your behavior. You can store and transport an Aurum in your billfold along with your dollars.
Understanding the Aurum

As the saying goes, a picture's worth a thousand words. Here's a picture of an Aurum designed for Peak Prosperity that the Valaurum team produced for us:
http://www.peakprosperity.com/sites/default/files/users/u14865/large_fan.jpg

You'll see that with even just 1/20th of a gram of gold involved, it's enough to make the Aurum appear to be "made of" gold. The characteristic luster, color, and shine of the 24-karat gold used is immediately apparent.
The Aurum is designed to be handled in the same manner as we do with our "paper" money. And, despite having a more 'plastic' feel to it (resulting from the polyester backing), it's as flexible, lightweight, and familiar-feeling as paper currency.
The big difference, of course, is that instead of being a claim on something else, it simply is what it is: a fractional gram of gold. It can be stored, traded, or melted down – just like a coin or bar.
Here's a brief video that gives an overview of the production process:





http://www.youtube.com/watch?v=eKYxlmwrKQwhttp://www.youtube.com/watch?v=eKYxlmwrKQw


Implications

Being able to hold gold in this form is significant for several reasons.
First, it makes gold ownership available to all budgets. Many of the world's households have been priced out of gold to date. This changes that completely.
Second, it enables the potential for everyday transactions should we ever return to a precious metal-backed monetary standard. It answers the challenge: How will you pay for your groceries with gold? With an Aurum, it's now easy.
Whether Valaurum's product emerges as the winning horse or not, the world definitely needs this type of solution (i.e., convenient fractional physical metal) to go mainstream.
I'm very excited by this new innovation in the bullion industry, and I explore the matter in depth in this podcast. If you're similarly intrigued, it's worth the listen.
And for those of you interested in owning an Aurum of your own, you can learn how to purchase the Peak Prosperity Aurum pictured above by clicking here (http://shop.valaurum.com/) (Peak Prosperity does NOT receive a fee on these sales).
Click the play button below to listen to my interview with Adam Trexler (36m:59s):




230900.php

http://news.goldseek.com/GoldSeek/1390230900.php<a href="http://news.goldseek.com/GoldSeek/1390230900.php" target="_blank">
http://www.youtube.com/watch?v=ruYm84Vqvs0#t=45 (http://news.goldseek.com/GoldSeek/1390230900.php)http://www.youtube.com/watch?v=ruYm84Vqvs0#t=45

[aeondaze]

Pretty cool really, only worth about $2 at current prices.

Why not just make a 1 Karat coin with a suitable alloy. Easy enough to do, I have a very nice formula for a 1 Karat alloy that looks nice and is very close to 24 K gold in color, a lot harder too so not prone to scratching/denting and some such.

Density is about 10.5 g/cm3 so it is twice the size for the same weight as a 24 K coin. So a coin the same size as a 0.999 one ounce gold round would be about half that weight or 15g, so 1 K would be 0.625 grams, or equal to $24 of Au at todays prices.

I would much rather have those in my hands than a gold infused polymer note :)

[woodman]

I really like this technology. I see a lot of upside here. I am curious about available designs. Thanks for posting Serpo.

[mick silver]

i like they for the small buy , 2014 1/10 oz Gold American Eagle Brilliant Uncirculated http://www.apmex.com/product/79044/2014-1-10-oz-gold-american-eagle-brilliant-uncirculated

[madfranks]

I wonder, how hard is it to take an ounce worth of those notes, get the gold out and refine it into a coin or bar?

[Horn]

I wonder, how hard is it to take an ounce worth of those notes, get the gold out and refine it into a coin or bar?

Probably comparable to PMs from a pcboard, is like re-mining.

One plus to this method is it would be even harder to "shave" than a coin.

How to perform an acid test on it though...:)

[madfranks]

How to perform an acid test on it though...:)

True, an acid test would simply eat through a significant amount of the already tiny amount of gold. In a 1/20 gram sliver of gold, an acid test might reduce it by 50% or more.

Here's my opinion on this: I don't think these "little particle of physical gold" notes are a viable product. I think a better way of doing it was how Liberty Dollar made their paper notes, which were literally receipts for gold stored in a warehouse. As a private company, Liberty dollar could not use the force of government to hide or "guarantee" whether or not the gold was there, it's customers demanded to know that the gold was there. The terms of the warehouse receipts promised annual audits by third parties to verify the amount of gold stored, and while the paper notes were issued in small denominations, in order to redeem them you had to redeem, I think, 1 oz of gold at a time. Here's a picture of one of their silver certificates, the idea was the same for gold:

http://www.freebanking.org/wp-content/uploads/2012/07/LibertyDollarReceipt.jpg

[Ponce]

It will start as go gold and it will end up as yellow spray paint...... as everything else that starts with precious metal.

V

[Sparky]

These seem like a novelty, and not very practical. Currently, a 1/10 gram note ($4 of gold) is selling for $10.

If the objective is a circulating gold currency, it seems like an alloy coin (see aeondaze's suggestion) makes more sense. Or perhaps a bi-metal coin like the Canadien Tooney. The small inner disk could be 22kt gold, with the outer ring mostly for bulk.

However, the problem with all these private solutions is that there is too much overhead cost to absorb. We actually already have a gold-backed FRN, but the transition cost is too high. It's gold-backed in the sense that my coin dealer will let me exchange my FRNs for gold any time I want. For that matter, it is also backed by silver by the same reasoning. So if we really wanted a viable gold-currency system, we just need an exchange mechanism that eliminates most of the current transaction spread (and, of course, any taxes associated with purchase or capital gains). Essentially this would put us back to where we were prior to the domestic gold window being closed in 1933.

[palani]

You only need $1 worth of gold or silver to gain access to law to be able to enforce your contracts. Without law you are forced into equity (female law). There is no need to use only gold or silver in a contract. Use the smallest amount necessary to gain access to a court of law. The remainder of the contract can be sea weed or grass skirts.

This idea of using a gold colored bill of exchange is just window dressing. It is not needed.

[ximmy]

http://cdn.startwithgold.com/www/img/coins/pre-1933-gold/20-saint-gaudens-browse.pngwhat about these... and these? http://www.coinfacts.com/silver_dollars/morgan_dollars/1921_morgan_dollars/1921_morgan_dollar_chapman_obv.jpg

[Silver Rocket Bitches!]

A novel idea but I'll stick with the .999 grams of Au. I can get them from my LCS for $40.

[Horn]

A novel idea but I'll stick with the .999 grams of Au. I can get them from my LCS for $40.

I would take one over .001 of a Bitcoin any day of the week.

[Shami-Amourae]

I would take one over .001 of a Bitcoin any day of the week.

That's 85 cents approximately. No shit.

[steyr_m]

I like it. It's small, light enough to keep in a wallet. Easily trade-able. It has intrinsic value.

What I don't like is I see way too many designs. Seems like it might be too easy to counterfeit...

[woodman]

I like it. It's small, light enough to keep in a wallet. Easily trade-able. It has intrinsic value.

What I don't like is I see way too many designs. Seems like it might be too easy to counterfeit...
I ordered a few. I don't know if it would be worth counterfeiting at $10 a pop. Seems like a lot of trouble.

[steyr_m]

I ordered a few. I don't know if it would be worth counterfeiting at $10 a pop. Seems like a lot of trouble.

Where did you get them? It might be depending on how much gold will be going up. $10 a pop is quite the premium if I'm doing my math correctly.

[milehi]

Or perhaps a bi-metal coin like the Canadien Tooney. The small inner disk could be 22kt gold, with the outer ring mostly for bulk.

The problem with bi-metal coins is that people like me would punch out the center coin to either sit on it or trade the ratio. I already do this with Silver Strike Casino tokens. I harvest the .6 oz tasty center for later.

[steyr_m]

The problem with bi-metal coins is that people like me would punch out the center coin to either sit on it or trade the ratio. I already do this with Silver Strike Casino tokens. I harvest the .6 oz tasty center for later.

The centre is made of silver? How much is the token worth?

[milehi]

The centre is made of silver? How much is the token worth?

Everything you wanted to know.

http://www.silverstrikers.com/

[Hitch]

However, the problem with all these private solutions is that there is too much overhead cost to absorb. We actually already have a gold-backed FRN, but the transition cost is too high. It's gold-backed in the sense that my coin dealer will let me exchange my FRNs for gold any time I want. For that matter, it is also backed by silver by the same reasoning. So if we really wanted a viable gold-currency system, we just need an exchange mechanism that eliminates most of the current transaction spread (and, of course, any taxes associated with purchase or capital gains). Essentially this would put us back to where we were prior to the domestic gold window being closed in 1933.

This is a good point. For these gold notes to be an acceptable way to own gold, coin dealers would need to accept them to exchange for FRN's or gold coins, etc. Say a new gold investor starts buying these. He saves up a bunch of them over time, and goes into a coin shop to trade them in for a gold coin, would the dealer make the trade, or would the person be laughed at?

I like this idea though. If it gains in momentum it could be a great way for a new person to get into precious metals. Also, would make for unique gifts for our non prepping friends and family. :)

[Sparky]

The problem with bi-metal coins is that people like me would punch out the center coin to either sit on it or trade the ratio. I already do this with Silver Strike Casino tokens. I harvest the .6 oz tasty center for later.

I'm confused. Why would you need to punch out the center coin? Why can't you trade the ratio with the coin intact?

See, we simply have trouble thinking of PM as currency. Our tendency is to immediately un-currency it.

[Serpo]

The gold notes look good and have a store of value in themselves which must mean banks would hate the sight of them.

Who needs a bank to tell you we will keep exchanging your cash as long as you believe in us, where as their cash is now backed by germanys gold,hahaha.

These notes have built in value and easy to keep in a wallet or pocket.

Imagine actually valuing money again or for once.

[EE_]

I love the idea...we talked about this a few years ago, that it would be the best way to have a gold backed currency.
I'd like to see China introduce a gold infused yuan...that would sure fuck the dollar.
Someone should send one to the Chinese government.

[steyr_m]

This is a good point. For these gold notes to be an acceptable way to own gold, coin dealers would need to accept them to exchange for FRN's or gold coins, etc.

yeah, but there are people that I talk to that have no idea what bullion is or where to "buy" [exchange for paper money] it. They tell me they want to get more into AU/AG but think they're going to buy jewelry ....

[palani]

I don't know if it would be worth counterfeiting at $10 a pop. Seems like a lot of trouble.
The U.S. shipped off several millions of dollars to a central American country with currency problems. The coins they shipped were the Sacajawea. The figure of the indian woman on the coin was viewed as being identical to the native population of that country and they thought it was great that the U.S. would honor them. These coins were so popular there (a $1 coin) that the Columbians started counterfeiting it.

[Uncle Salty]

When gold is $50,000/ounce, these will come in handy.

[steyr_m]

Everything you wanted to know.

http://www.silverstrikers.com/

I skimmed, but didn't bother reading. I'll probably never see one. Just wanted to know the face value of the token [is it worth it?]

[Hitch]

I love the idea...we talked about this a few years ago, that it would be the best way to have a gold backed currency.
I'd like to see China introduce a gold infused yuan...that would sure fuck the dollar.
Someone should send one to the Chinese government.

It's not a gold backed currency though. It's a true gold certificate, where the gold is infused into the piece of paper.

Realistically, it's a token of barter. A vehicle that can be used to transfer gold to acquire goods and services without .gov's greedy hands to tax it.

I like the idea too, but see a few problems, as other posters mentioned counterfeiting could be one of them. I also don't think there's a country out there that could support and encourage this, being that there's no way to control it, or tax it.

[Horn]

being that there's no way to control it, or tax it.

What are you talking about, willis? There's always a way to control & tax any currency.

You make 2, I take 1. If not you get a visit from the popo.

[madfranks]

Another thought: why would I want to buy gold infused notes when I can buy gold coins instead? What is the purpose of these notes? To be used as money? What benefit do I have in a wallet full of these that I don't get with one 1/10 oz GAE? Don't say for micro transactions, because nobody uses gold to pay for anything anymore. And for SHTF scenarios, hard coin will outperform paper notes.

[Horn]

And for SHTF scenarios, hard coin will outperform paper notes.

What paper notes, willis?

1/10 oz. is too tiny, when gold is $5000 we will all love these things. Though I do think they would need to take counterfeiting measure to the Feds. level and beyond possibly.

Maybe they could design certain areas of the bill that you could perform a bite test on... .

[Sparky]

Another thought: why would I want to buy gold infused notes when I can buy gold coins instead? What is the purpose of these notes? To be used as money? What benefit do I have in a wallet full of these that I don't get with one 1/10 oz GAE? Don't say for micro transactions, because nobody uses gold to pay for anything anymore. And for SHTF scenarios, hard coin will outperform paper notes.

Yes, this was my reaction. The only problem with the current "system" is that I have to incur a high transaction cost when I exchange my FRNs for gold or silver. Yet the premium cost on these gold notes is currently 150%. How does that help me?

[Horn]

Yes, this was my reaction. The only problem with the current "system" is that I have to incur a high transaction cost when I exchange my FRNs for gold or silver. Yet the premium cost on these gold notes is currently 150%. How does that help me?

Someone has to flip for the research and development bill, Sparky.

Its our best bet at this point, or its a return to the trenches to get slaughtered by Bitcoin pushers.

[madfranks]

Someone has to flip for the research and development bill, Sparky.

Its our best bet at this point, or its a return to the trenches to get slaughtered by Bitcoin pushers.

As far as monetary use is concerned, pitting these gold-infused notes against bitcoin isn't a good bet right now. Daily volume of bitcoin transactions is between $15-20 million, what is the transaction volume for these notes?

[pioneer]

just tried to buy one to check out durability, foldability in my wallet, flash before friends and customers for reaction. they are already priced at 250x spot today. they also wanted 50% additional for shipping. some bs about certified, trackable delivery which only covers their asses and sure don't cost $4.95 to ship in an envelop with a certified post office sticker on the outside and a stamp.

i spiked that deal.

those greedy designers have a lot to learn between gold at $1250 and $3750 which happens to be the "break even point." if they want acceptability, they need to quit treating this like a MLM marketing strategy and get serious about distribution.

cracker jacks premium would me a thought.

[woodman]

just tried to buy one to check out durability, foldability in my wallet, flash before friends and customers for reaction. they are already priced at 250x spot today. they also wanted 50% additional for shipping. some bs about certified, trackable delivery which only covers their asses and sure don't cost $4.95 to ship in an envelop with a certified post office sticker on the outside and a stamp.

i spiked that deal.

those greedy designers have a lot to learn between gold at $1250 and $3750 which happens to be the "break even point." if they want acceptability, they need to quit treating this like a MLM marketing strategy and get serious about distribution.

cracker jacks premium would me a thought.

Hmmm....I bought some yesterday and they were $8.00 each or slightly below 2 times spot.

[EE_]

Hmmm....I bought some yesterday and they were $8.00 each or slightly below 2 times spot.

Can you post a review of them when you get them in your hands. Will they show promise of a future useable currency?
A wonder how much gold could be put into one note and still function as a note? I think a whole gram would be feasible What about .10 or .25 oz. ?

[madfranks]

Can you post a review of them when you get them in your hands. Will they show promise of a future useable currency?
A wonder how much gold could be put into one note and still function as a note? I think a whole gram would be feasible What about .10 or .25 oz. ?

Physically embed .10 or .25 oz of gold in a paper note? Why not just use coins?

[Dogman]

Physically embed .10 or .25 oz of gold in a paper note? Why not just use coins? If in a semi pure form and not alloyed with other metels the coins would be small and easy to lose.

I just can not wrap my mind around a paper currency with metal in them for worth, tho they would be easier to keep up with and not be lost. Coins can be lost if one is not careful , bills also but also harder to do so.

Then there is the age old problem, is the gold in the coin the correct amount, and or also with the bill, at least the bill maybe easier to test for purity.

I just can not see it.

[mick silver]

post 4 mad

[EE_]

Physically embed .10 or .25 oz of gold in a paper note? Why not just use coins?

Because paper currency has been around a long time and people are used to using them.
They fold, go in money clips and wallets, and are easier to keep track of.
The reason to use more gold is to create different denomination notes with a floating value.
Something needs to replace fiats. Carrying around 1/10 and 1/4 ounce coins for daily use could also be an option along side the paper gold notes.

[Sparky]

You could have paper notes the size of an FRN with a sealed plastic pocket containing a small amount of gold. This example has 1 grain, which is 1/15 of a gram*. This would allow you to carry it like paper in your wallet. At $1250/ounce gold, this would be about $2.50 USD. *Edit: Incorrectly said ounce. 1 grain = 1/470 ounce, or 0.002 ounces.

http://thumbs3.ebaystatic.com/d/l225/m/mD2pRQrAUkXAQILDwQUoLMQ.jpg

[woodman]

Can you post a review of them when you get them in your hands. Will they show promise of a future useable currency?
A wonder how much gold could be put into one note and still function as a note? I think a whole gram would be feasible What about .10 or .25 oz. ?
Yes, I will do that. I am very curious myself about the quality of these 'Rummies' I will call them for lack of a better name. I think a whole gram note is an excellent idea.

[Dogman]

If this becomes a reality...kudos...

If it works over the long term..bigger kudos..

Tho, long term , electronic is the "sorry" wave of the future..

Methinks, things are way too gone, to be any solution..

[Horn]

Methinks, things are way too gone, to be any solution..

I could send these electronically just as easy as a dollar, just need a man in the middle.

[Dogman]

I could send these electronically just as easy as a dollar, just need a man in the middle.


That is the thing...

With out electronics, they are worth not a dam thing..

hard world wide recognized ways of paying dept. There is the old Chinese ? way of passing wealth that methinks still exists that i not part of , older and not regulated, but screw them , you die and your family.

Just thinking of what may be has been or is.

[madfranks]

post 4 mad

Yep, you and me mick, I've got my eyes on those. I'm considering buying a whole tube of those, if I can afford it.

[madfranks]

You could have paper notes the size of an FRN with a sealed plastic pocket containing a small amount of gold. This example has 1 grain, which is 1/15 of an ounce. This would allow you to carry it like paper in your wallet. At $1250/ounce gold, this would be about $2.50 USD.

http://thumbs3.ebaystatic.com/d/l225/m/mD2pRQrAUkXAQILDwQUoLMQ.jpg

Gresham's Law makes it pretty damn clear that as long as we have paper FRN floating around, very few people will ever spend or use these as money. If you have a wallet with gold infused notes, and FRN, why not spend the FRN and keep the gold? Would you really want to spend the gold and keep the FRN?

[EE_]

Gresham's Law makes it pretty damn clear that as long as we have paper FRN floating around, very few people will ever spend or use these as money. If you have a wallet with gold infused notes, and FRN, why not spend the FRN and keep the gold? Would you really want to spend the gold and keep the FRN?
First, gold would have to be revalued to it's true value.

But I think they would get spent once they reached mass appeal. They would work in tandem with fiats and they would police the value of fiat currency.

If the fiat lost too much value, everyone would exchange fiat dollars for gold notes. If the value of the two notes remained stable it wouldn't be an issue.

Of cource everyone would hoard the gold notes over fiats. There are huge piles of dollars
hidden in mattresses all over the world.

What other option is there once all faith in the dollar is gone and it collapses?
Having a currency said to be backed by something is really not backed by anything...it's just the same game all over again.

[Horn]

But I think they would get spent once they reached mass appeal.

Your Frankish makers have chosen Bitcoin's body for you.


http://www.youtube.com/watch?v=OIlHt_syoSE

[Hitch]

First, gold would have to be revalued to it's true value.

But I think they would get spent once they reached mass appeal. They would work in tandem with fiats and they would police the value of fiat currency.

If the fiat lost too much value, everyone would exchange fiat dollars for gold notes. If the value of the two notes remained stable it wouldn't be an issue.

Of cource everyone would hoard the gold notes over fiats. There are huge piles of dollars
hidden in mattresses all over the world.

What other option is there once all faith in the dollar is gone and it collapses?
Having a currency said to be backed by something is really not backed by anything...it's just the same game all over again.

I did not think about it this way. The gold notes, if both universally accepted side by side with the dollar by merchants, would be a great checks and balance against the dollar. It would keep the dollar in check.

The question would be, who would make these notes and how can we be certain they won't be corrupted? or counterfeited? I could see how ideally this would be great for people, precious metals, etc. but someone is going to find a way to turn it evil, for greed, etc..

[Horn]

The question would be, who would make these notes and how can we be certain they won't be corrupted? or counterfeited? I could see how ideally this would be great for people, precious metals, etc. but someone is going to find a way to turn it evil, for greed, etc..

Its possible they could have some sort of pressure tester available at register, the same way they use U.V. for FRNs

Gold has tensile properties unlike anything else.

[Sparky]

First, gold would have to be revalued to it's true value.
...

This would only be the case if the "note" were assigned some nominal value. Is that what we're talking about here? Or does the note simply represent a weight of precious metal. If that's the case, no revaluation is necessary.

But this does beg the question as to the purpose of circulating precious metal as currency. In spirit, I think we like that it supports the sentiment of "honest money". But it only works if there's no fake money alongside of it, which we have now. As madfranks said, as long as they are existing side by side, only the fake money will actually get circulated.

That's why our current system (gold and silver have a floating rate, albeit subject to paper manipulation in price) represents a semi-backed currency. We can exchange our FRNs for gold and silver at any time. The "honesty" part is the degree to which this transaction is bedeviled by transaction cost. Here in the U.S. this cost is a few percent for gold, and several percent for silver. In other countries, it's worse, e.g. European VAT on silver, on India import tax on gold.

[madfranks]

I did not think about it this way. The gold notes, if both universally accepted side by side with the dollar by merchants, would be a great checks and balance against the dollar. It would keep the dollar in check.

In the mid-late 60's, silver coinage was universally accepted and circulated side by side with clad coinage, and the result was all the silver was plucked out of circulation and saved, and the clad coins became all that were spent. The same thing would happen here, why spend a gold note when you can spend fiat instead?

[EE_]

In the mid-late 60's, silver coinage was universally accepted and circulated side by side with clad coinage, and the result was all the silver was plucked out of circulation and saved, and the clad coins became all that were spent. The same thing would happen here, why spend a gold note when you can spend fiat instead?

What if the dollar value of the gold note was always kept higher then the gold value in it? And it should be.

I would hoard gold notes over fiat either way, just like I would still own gold bullion too.

Having a real gold note in your hands would restore the public faith in currency and change the whole psychology of money.

Like I said, something will have to replace the dollar or restore it's value. It may be sooner then we think...6 or 8 months?

If bitcoin, or Ultracoin becomes the universal currency, we are all done for!
I'd rather see a giant meteor hit the planet.

[Horn]

why spend a gold note when you can spend fiat instead?

True, you have to be somewhere south of an absolute capitalist to possess the moral fiber to exchange better value items.

We're all cheap jew traders at heart,


http://www.youtube.com/watch?v=WQU28OJH3-M

our world (the example) bleeds it out daily in Chinese plastics.

[Hitch]

Having a real gold note in your hands would restore the public faith in currency and change the whole psychology of money.

Like I said, something will have to replace the dollar or restore it's value. It may be sooner then we think...6 or 8 months?.

It takes a long time for public faith to occur. I don't think some private mint making gold notes is going to change the psychology of money with the brainwashed MSN watching sheep.

Something to replace the dollar? A new fiat currency, backed by nothing but the promise of .gov who will "save the day" during the crisis pushed by the media agenda. A French gal I met and dated told me years ago, when France switched to the Euro, "all the prices went up". When the dollar goes belly up, it will happen quick, and the next fiat nightmare will be stuffed into existence.

[Horn]

I don't think some private mint making gold notes is going to change the psychology of money with the brainwashed MSN watching sheep.

You're correct, Hitcher.

It has to be a Silver one, something cool and hip, with spiders or partially clad naked women's silhouettes painted on them.


http://www.youtube.com/watch?v=JVHUyDxmi_Q

[EE_]

This would only be the case if the "note" were assigned some nominal value. Is that what we're talking about here? Or does the note simply represent a weight of precious metal. If that's the case, no revaluation is necessary.

But this does beg the question as to the purpose of circulating precious metal as currency. In spirit, I think we like that it supports the sentiment of "honest money". But it only works if there's no fake money alongside of it, which we have now. As madfranks said, as long as they are existing side by side, only the fake money will actually get circulated.

That's why our current system (gold and silver have a floating rate, albeit subject to paper manipulation in price) represents a semi-backed currency. We can exchange our FRNs for gold and silver at any time. The "honesty" part is the degree to which this transaction is bedeviled by transaction cost. Here in the U.S. this cost is a few percent for gold, and several percent for silver. In other countries, it's worse, e.g. European VAT on silver, on India import tax on gold.

I think the note should represent a weight in gold, like .02g, .10g, .25g, .50g, 1g
The 1 gram note would replace the 100 dollar bill and so on.

If silver could be infused into a 1 gram note, it could be used for small change, or there could still be small denomination fiat notes for small purchases along with some coins, say a dime and quarter.

Now these notes are only part of the picture. There would also be the existing digital currency competing. Competing currencies keep each other in check to maintain a stable value.

I would hope China would introduce the gold notes first, forcing the Jews to follow suit. Western Jewish banks will never do this on their own.

Gold and silver coins will never be used as a government currency again, so no use entertaining that thought. It doesn't make sense.

[woodman]

I think the note should represent a weight in gold, like .02g, .10g, .25g, .50g, 1g
The 1 gram note would replace the 100 dollar bill and so on.

If silver could be infused into a 1 gram note, it could be used for small change, or there could still be small denomination fiat notes for small purchases along with some coins, say a dime and quarter.

Now these notes are only part of the picture. There would also be the existing digital currency competing. Competing currencies keep each other in check to maintain a stable value.

I would hope China would introduce the gold notes first, forcing the Jews to follow suit. Western Jewish banks will never do this on their own.

Gold and silver coins will never be used as a government currency again, so no use entertaining that thought. It doesn't make sense.
The gram would be the perfect denomination for a note. You could have tenths also, ones, fives, tens, etc., just as the dollar was before it was degraded by fiat. As long as the money was watched carefully for counterfeiting and measures taken to prevent it, it would work well.

[EE_]

The gram would be the perfect denomination for a note. You could have tenths also, ones, fives, tens, etc., just as the dollar was before it was degraded by fiat. As long as the money was watched carefully for counterfeiting and measures taken to prevent it, it would work well.

A gold note may be harder then we might think to counterfeit because of the properties of gold. I would bet someone could come up with an app on your iPhone to easily test the notes. Maybe by flashing a some kind of light and reading the reflection?

I think everyone knows the dollar's days are numbered, so someone better figure out something to replace them before the banks force us into a cashless society with their version of bitcoin.

Imagine our world gone cashless and when gold and silver no longer become unavailable (which might be happening right this minute) The governments central banks could buy it all up tomorrow if they wanted too.

In a cashless society you will lose all control over your life. All your digital credits would be tracked, taxed and could be frozen, or confiscated in a seconds notice...and for whatever reason they choose.
That's why I would fully support the gold note.

We just need an independent mint to create the perfect note that could be brought to the market for all to see...to show the world there is a way.

[monty]

A gold note may be harder then we might think to counterfeit because of the properties of gold. I would bet someone could come up with an app on your iPhone to easily test the notes. Maybe by flashing a some kind of light and reading the reflection? I think everyone knows the dollar's days are numbered, so someone better figure out something to replace them before the banks force us into a cashless society with their version of bitcoin. Imagine our world gone cashless and when gold and silver no longer become unavailable (which might be happening right this minute) The governments central banks could buy it all up tomorrow if they wanted too. In a cashless society you will lose all control over your life. All your digital credits would be tracked, taxed and could be frozen, or confiscated in a seconds notice...and for whatever reason they choose. That's why I would fully support the gold note. We just need an independent mint to create the perfect note that could be brought to the market for all to see...to show the world there is a way.



Wouldn't this go the way of the Liberty Dollar?

Sent from my iPad using Forum Runner

[EE_]

Wouldn't this go the way of the Liberty Dollar?

Sent from my iPad using Forum Runner

Why, the prototype could be a note of anything...any Bozo like Obama could be put on it. It wouldn't be legal tender until a government issued it. Liberty dollars tried to make a competing dollar denominated coin.

[pioneer]

monty is on target, ee.

examination of these gold infused flexible notes very clearly state "Legal Tender" right within their fine print section. this is not going to end well for the mfgr based on the Liberty coin model. The seeds of their own destruction is already visible on these things.

i originally wanted a curiousity example as i didn't get on the liberty coin bandwagon. i couldn't see any reason to pay more than spot for silver. this note is even more grossly priced above its intrinsic value. even if woodman only paid $8 per for his. noted: he didn't address the point about tacked on over and above the $8 per over-priced certified mail shipping expense.

for all we know, this is another government data collection project.

who's to say there isn't a printed biometric identifier with short range radio transmission imbedded in these printed notes?

said items are already being printed and applied to the skin in various hospitals around this country for telemetry, patient id, patient history collection. they are also almost entirely transparent.

[EE_]

monty is on target, ee.

examination of these gold infused flexible notes very clearly state "Legal Tender" right within their fine print section. this is not going to end well for the mfgr based on the Liberty coin model. The seeds of their own destruction is already visible on these things.

i originally wanted a curiousity example as i didn't get on the liberty coin bandwagon. i couldn't see any reason to pay more than spot for silver. this note is even more grossly priced above its intrinsic value. even if woodman only paid $8 per for his. noted: he didn't address the point about tacked on over and above the $8 per over-priced certified mail shipping expense.

for all we know, this is another government data collection project.

who's to say there isn't a printed biometric identifier with short range radio transmission imbedded in these printed notes?

said items are already being printed and applied to the skin in various hospitals around this country for telemetry, patient id, patient history collection. they are also almost entirely transparent.

The notes say "not" Legal Tender

The Aurum® protects a precise amount of gold between layers of durable polyester. In the form of an Aurum®, gold is more convenient, affordable, versatile, and trustworthy than ever before.

Using a proprietary process, very thin and precise quantities of gold are accumulated between layers of polyester film. On a standard 1/20 gram Aurum®, the gold is 267 nm thick, approximately half of one percent the width of a human hair.

The precise quantity of gold is verified through rigorous testing by Valaurum, our manufacturer, and independent laboratories.

The gold in an Aurum® is in a thin sheet, so it is also easier to authenticate than gold hidden inside a coin or bar.

The gold is also easy to recover, using standard assay methods. The Aurum® is printed with high resolution, full-color text and graphics. The result is a new, beautiful way to use gold for artistic, commemorative and branding purposes. We are developing Aurum® made with other metals, including platinum, silver and copper. This unique process has U.S. and international patents pending in Europe, China, Taiwan, Hong Kong, Singapore, Iceland, India, Australia, Canada, and elsewhere.

Maybe this is going to gain momentum and these guys will be the inovators for our new currency.
http://www.valaurum.com/index.html

If they get adopted anywhere in the world, they're going to take a big dump on ShitCoin

[woodman]

They have not even shipped mine yet. I am looking forward to receiving these. I think it has a lot of potential.

[pioneer]

we must be looking at different examples ee.

[Neuro]

A gold note may be harder then we might think to counterfeit because of the properties of gold. I would bet someone could come up with an app on your iPhone to easily test the notes. Maybe by flashing a some kind of light and reading the reflection?

Gold thin enough, if a strong white spectrum light is shone on it, would let through green light. I don't know if other yellow metal alloys would have that property. If there is none, then you only need to hold the bill against the sun, and if it looks green through the bill, then it is gold...

[Sparky]

I think it's no coincidence that the new $100 FRN features the gold inkwell and the gold "100". This is the reserve note that matters across their globe, and they are making every attempt to keep it "special" as its underlying value erodes.

http://the305.com/blog/wp-content/uploads/2013/10/17fnumbers-364838be3a8ebe45.jpg (http://the305.com/blog/wp-content/uploads/2013/10/17fnumbers-364838be3a8ebe45.jpg)

[gunDriller]

i like the idea of a silver or copper round paying Homage to the Human Mammary Gland.

the motto could be, "2 tits will always be worth at least 2 bits".

in copper - 25 cents of copper, that's a fair amount of copper.

called, the "Tit-coin" or the "Titty-coin". just something to compete with Bitcoin.


i know it sounds ridiculous but you can never tell what will catch on.

[woodman]

Lol

[Horn]

Yeah appears viable counterfeit can be thwarted thru spectral analysis.

Same U.V. light scanning device used for FRNs at most registers could be reworked.


Color and Transmission Spectrum

We have all seen the luster and rich color of gold. In fact, gold is only 'gold' colored when you look at its surface. When gold is thin enough that light can pass through it, it has a unique blue-green color. Most other metals are a shade of dull gray, and no other element has this property. Scientists have known about gold's unique blue-green color for years, but even expert gold traders are often unaware of this property, since such thin gold is rarely encountered. The human eye is usually effective at recognizing this exact shade of blue, but the color can also be more precisely measured with a spectrometer, which confirms the presence and amount of gold with a quantitative measure of the spectrum of the transmitted light at visible and invisible wavelengths. http://www.valaurum.com/aboutaurum.html

Either that, or you stick a green piece of cellophane on the bill, and it passes the test.

[Neuro]

Yeah appears viable counterfeit can be thwarted thru spectral analysis.

Same U.V. light scanning device used for FRNs at most registers could be reworked.



Either that, or you stick a green piece of cellophane on the bill, and it passes the test.
Yeah but then it would be green when you look at the reflection of light also, but sure it would probably fool some...

[Horn]

Yeah but then it would be green when you look at the reflection of light also, but sure it would probably fool some...

Right, probably would work if it was an actual analyzing device, not just a human eye test.

Green cellophane spray painted gold, sure would probably have a different texture all together, not sure.