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2-2-2007 4:21 PM638 views
9 Comments   | Add a Comment
2-2-2007 5:03 PM
ericskiff
Hmm - I expected wikipedia to debunk this, but it seems that since it's a real commodity, the liberty dollar actually has real value.

The fed has warned that using it as currency may not be legal, but other than that it seems fairly legit.
2-2-2007 5:49 PM
njoelhickson
In spite of the Federal Reserve's September statement, no charges have been brought against the organization which issues the Liberty Dollar nor any of it's users.
2-2-2007 6:49 PM
kmcolo
Silver and gold have no more or less value than the dollar bill.
2-2-2007 6:59 PM
njoelhickson
Really? And where did you come up with that bit of misinformation? Please cite your sources.

2-2-2007 8:14 PM
funana
Watch this and you will know...
http://clipmarks.com/clipmark/9D3DC5FF-FFA2-4E97-A6C6-1642C7EF731E/
2-2-2007 10:17 PM
maedko
...why not just invest directly in silver or gold?

im against pegging the currency to anything. it floats for a reason.
2-2-2007 10:31 PM
njoelhickson
Liberty dollars are not meant to be an investment..they are meant to be used as a currency as currency is meant to be. The Constitution itself says that only gold and silver may be used as currency.
2-4-2007 5:36 AM
kmcolo
The Constitution itself says that only gold and silver may be used as currency
The Constitution itself says that individual states cannot make their own currency. (Article I Section 10) It says nothing about a restriction on the federal government.

Gold and silver only have value because we choose to give them value. It is psychological just like the value of the dollar. You cannot eat gold, you cannot drink gold. It is valueless unless you find someone willing to exchange something for it. Just like the dollar.

Gold and silver are also not inflation proof. Commodities' prices will continue to fluctuate (if oil is scarce, its price in gold will go up) and the hording ...
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2-4-2007 12:34 PM
njoelhickson
Ok. Point taken. But, while the US "dollar" has lost almost all of it's buying power since the beginning of the 20th century, an ounce of silver has not. True, the price of silver fluctuates..but that has little to do with the perceived value of silver and EVERYTHING to do with the instability of the dollar (or any other currency which is not commodity based).
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