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eBay Bans Liberty Dollars: Gold, Silver, Copper, Platinum

Written by Gary North on December 12, 2012

It had to come. The government laid down the law. You will not be able to buy Liberty Dollars, the privately issued medallions on eBay.

The government knows what it is doing: killing competition.

If you have not bought any American eagles, you had better start. Use the Web to shop for the best prices.

If you can’t afford a one-ounce coin, buy smaller coins.

Read the whole, miserable story. Click the link.

Continue Reading on www.coinworld.com

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2 thoughts on “eBay Bans Liberty Dollars: Gold, Silver, Copper, Platinum

  1. Having gold and silver in hand is a great idea…I have more than a little myself. However, there's a new currency out there that, if anything challenges FRNS, this will: Bitcoins. (More info, http://www.weusecoins.com/) Yes, they're a fiat…however, they're also open-source (no bugs, no back doors), peer-to-peer (can't be shut down by the gov without shutting down the entire internet) and non-inflatable by any government (the system is designed to inflate gently until it reaches it's total of 21 million coins in 130 years). They are currently divisible to 8 decimal places, so any actual amount will work, even if everyone in the world started using them. They allow near-instant payment over the internet with no fees at all, so it is both an alternate currency and a payment network. Current market capitalization is $100 million…small, but growing. It's been a little volatile, but it's been trending basically upward. I'm currently putting all my savings into it.

  2. …continued. Two of the biggest potential uses for Bitcoin currently are online poker and foreign nationals moving money to relatives across borders. The government can basically do nothing about either one if you're using Bitcoins, and both are huge markets. I expect there to be a tipping point where everyone who moves money in either area suddenly starts using Bitcoins, which will drive the market up quickly.