The website says that it is 100% backed by gold. What is ironic is
that you can purchase the currency with federal reserve notes. I
don't know how the exchange rate is determined. Also if you spend
the liberty dollar on something how do you know what the value of it
is compared to federal reserve notes. Certainly it would seem that a
$1 liberty dollar has a higher value than a $1 fed note and thus if
you purchased something that is priced $1 and used a $1 liberty
dollar to purchase it with it seems to me that you would be over
paying?
$
--- In [email protected], "Terry L Parker"
<[EMAIL PROTECTED]> wrote:
>
> Hank (or anyone), are the value of Liberty Dollars tied to
> US Dollars OR a fixed quantity of gold or silver?
>
> If a Liberty Dollar can be redeemed for a fixed quantity
> of gold (for example) that would constitute a currency option
> to consider indeed.
>
>
> -Terry Liberty Parker
> http://groups.yahoo.com/group/Libertarian
>
>
> --- In [email protected], "hrearden_hr" <[EMAIL PROTECTED]>
wrote:
> >
> > --- In [email protected], "hrearden_hr"
<[EMAIL PROTECTED]>
> wrote:
> > At one time paper currency was literaly certificates that could
be
> > exchange for gold or silver.
> >
> > $
> >
> > Liberty dollars can be exchanged for gold or silver.
> >
> > http://www.libertydollar.org
> >
> > $
> >
>
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