Ron Paul Gold Liberty Dollar Reaches $3,000 on eBay
In the wake of the FBI raid of the Liberty Dollar headquarters, sells of the private currency have skyrocketed on eBay bringing in enormously high bids. The Ron Paul gold Liberty itself has reached $3,000.
Thats right, $3,000 for a 1oz .9999 gold Ron Paul Liberty Dollar with a face value of $1,000.
Some people will have you believe that the Liberty Dollar is illegal and is some sort of counterfeit version of the Federal Reserve Note. This is not the case because the NORFED never claimed that the Liberty Dollar was a Federal Reserve note. Calling the Liberty Dollar illegal would be similar to calling a Canadian dollar counterfeit if used within the United States.
Besides, the Liberty Dollar can not be considered counterfeit because it looks nothing like a green back. A true counterfeit should have to look and feel like the currency it supposedly trying to imitate.
In fact, after the Treasury Department’s legal team reviewed the currency, Claudia Dickens, spokeswoman for the U.S. Treasury Department’s Bureau of Engraving and Printing stated that the currency is legitimate. “There’s nothing illegal about this,” she said, “As long as it doesn’t say ‘legal tender’ there’s nothing wrong with it.”
The Liberty Dollar is legal because it is voluntary exchange between individuals. Why should I not be allowed to trade in gold and silver pieces if I so choose?
So the question remains: Should the Liberty Dollar be considered illegal just because the FBI raided NORFED? Or is there more to the situation than meets the eye?
I choose the latter.
November 18th, 2007 at 5:19 pm
Latter.
I’d also be wary of any $3,000 ebay coin auction.
November 18th, 2007 at 7:51 pm
[...] Read the rest of this great post here [...]
November 19th, 2007 at 8:50 pm
If we as Americans don’t get off our back sides and start looking for aome one with some moral fiber and backbone to stand up in the political arena and bring this country back to center there won’t be a country to bring back. We have been selling or giving our businesses to the foriegn markets and they come back and shove high prices down our throats, oil is a great example, wake up before our rights are completely gone. I for one will work for a chicken, silver, gold or anything I feel is ov value, the goons in charge would have us all work for payment in plastic backed by nothing except national debt. If you think i am wrong look at everyother corner in your town and see if there isn’t a bank being built to keep what? They don’t even want anything of value in their vaults if they even install one. What they want is involuntary servitude from all of us. Your an idiot if you don’t pay by Credit Card, you know which one. They depict the morons at the check out screwing up the works as they try and pay with a check or cash, oh ya, did they mention that the merchant pays a fee to the credit card company on each transaction that they don’t get off of cash or check. Bottom line on this rant is whats wrong with silver, it has value.
November 29th, 2007 at 12:57 pm
[...] Ron Paul Gold Liberty Dollar Reaches $3000 on eBay [...]