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Posted on 11/16/2007 7:30:20 PM PST by traviskicks
At the same time I am holding a "Federal Reserve Note" with the three words clearly visible to the cashier.
Try it sometime...
The United States Mint sells a one-ounce silver dollar for $30. Who says that one ounce of silver is only worth $15 right now?
Oh, you mean the spot price? The per-ounce price of a 500-ounce ingot of silver in New York for immediate delivery? What does that have to do with the price of a one-ounce proof-cameo round of silver?
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This story ticks me off. It sounds like intimidation, based on the other comments I have read here - you know, akin to sicking the IRS on political opponents.
It reminds me why all the posts I have been reading lately about how we need a strong FedGov and we can rein it in to do only good things are so wrong.
One of the most important facts is that, legislation approved July 11, 1955, made the inscription of “In God We Trust” mandatory on all coins and paper currency of the United States. Clearly that is different on the RP coins. Also, if you want some real fraud and abuse, worthy of a Raid. Check out Morgan Stanley. http://www.reuters.com/article/bankingfinancial-SP/idUSN1225115120070612
Morgan Stanley to settle class-action lawsuit
Tue Jun 12, 2007 11:00am EDT
NEW YORK, June 12 (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research) plans to settle a class-action lawsuit, brought by clients over the purchase and storage of precious metals, in a deal worth $4.4 million, according to a court filing.
The proposed settlement, which still needs to be approved by the federal court in Manhattan, includes a cash component of $1.5 million and economic and remedial benefits valued at about $2.9 million, according to the filing on Monday.
The lawsuit, filed in August 2005, alleged that Morgan Stanley had told clients it was selling them precious metals that they would own in full and that the company would store.
But Morgan Stanley was actually making either no investment specifically on behalf of those clients or making an entirely different investment of lesser value and security, according to the complaint.
Morgan Stanley was not immediately available for comment. But it has argued that there were no violations of law and no default or failure to perform or deliver precious metals, according to the filing.
The suit was filed by Selwyn Silberblatt, on behalf of himself and others, who bought precious metals — gold, silver, platinum and palladium in bullion bar or coins — from Morgan Stanley DW Inc. and its predecessors and paid fees for their storage, according to the filing.
The suit covers investors who did so between Feb. 19, 1986, through Jan. 10, 2007.
Silberblatt, a resident of Maine at the time of the complaint, bought silver bars from Morgan Stanley during the period.
Coming soon from the Franklin Mint, the double-standard coin, with two faces - one on each side.
I guess they use “Ron Paul Dollar” because Canadians already have “The Loonie”?
hmmm...month after the government’s motion to dismiss a lawsuit filed by the Liberty Dollar...
Got a link for all of us?.....
Why they dont allow foreigners to contribute to the US election? I am an indian, and i wish i was allowed to contribute. i would contribute the whole 2300 limit on the first day.
Ron Paul is not only Hope for America, he is the Hope for the World. All the best to him and us.
I think many FReepers are underestimating the amount of support Paul has, the passion behind it, and also that his message is being heard worldwide. They know that who becomes our president affects the world. And I think many people overseas also can see the direction this world is heading in - and like some of us here, they don't want that to happen.
And using them for much more will get you jail time.
Uh, could your dad give a couple to me? I need more, uh, paper weights.
Look, I’m on your side, but a wise man chooses his battles, and doesn’t stick Uncle Sam in the eye when it’s stupid and pointless, as I described in the post above
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I understand your point but I fear we have arrived at the point where, in other than common criminal matters, the procedures are reversed. Rather than determine that a crime has been committed and look for the perpetrator, the government will determine who is their enemy, real or imagined and look around to see what charge, legitimate or trumped up, can be lodged against them. It can be a totally false charge so long as it serves the purpose of bankrupting the party or destroying their credibility. The only way to stand up for our rights may be to have the courage to poke Uncle in the eye. We really have arrived at a sorry state.
That’s hilarious, but I think you might as well ask a cow to discuss Shakespeare.
It has everything to do with the price, because thta is THE price of silver. Now, if you want to pay double because this or that mint has smacked one or another designs on it, I’d call that foolish, unless you are collecting for numismatic value based on rarity etc. BUt to pay double for a silver round smacked out by the govt instead of a private mint, is stupid. I have bought 100s of silver rounds, and I pay a % over the spot price, no more. In the end, that’s all these coins are worth: the spot price plus commission.
True numismatics are in a different category, like rare art or stamps.
It’s amazingly ironic that the RP coins may wind up with great numismatic value, after the govt bull has destroyed the private mint’s china shop.
Never invest so much in one person, ever. As Churchill said, "Graveyards are full of indispensable men."
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