Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

U.S. Secret Service Bans Sale of Silver and Gold Liberty Dollars on Ebay

IMG Auteur
Published : December 18th, 2012
568 words - Reading time : 1 - 2 minutes
( 3 votes, 3.7/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : GoldWire

 

 

 

 

In early 2011 Bernad Von Nothaus was convicted by the US government and identified as a domestic terrorist by Federal prosecutors for minting his own silver and gold coinage, and then offering those coins for sale to clients. He dubbed the coins “Liberty Dollars” and by doing so brought upon himself the ire of the U.S. Secret Service, Federal Reserve and a host of other government agencies.








According to the government, Von Nothaus was a counterfeiter, though he made no attempts to actually counterfeit U.S. currency, but rather, provide another mechanism of exchange through the use of precious metals.


After Von Nothaus’ conviction, the Secret Service warned they would be confiscating all Liberty Dollar coins manufactured by Nothaus’ company, NorFed.


Since the shutdown of VonNothaus’ operation, many of the coins have been offered for sale or trade on mega-auction site Ebay, and this week the Secret Service took action. They contacted Ebay, which in turn advised sellers of the coins on their site that they could no longer engage in the trade of silver coins with the Norfed Liberty Dollar hallmark:


The United States Secret Service has requested the removal of all Norfed Liberty dollars on the eBay site as counterfeits. … Please do not relist this item(s). We appreciate that you chose to list this coin on our site and understand there was no ill intent on your part. Your listing fees have been credited to your account.


There is nothing special about the Liberty Dollar coins other than the fact that they are pure silver; and, of course, that they actually have intrinsic value as compared to general circulation U.S. legal tender which is, by most accounts, essentially worthless in terms of metal value.


The government disagrees with this argument, and in a press release issued by the US Department of Justice, said that the trade of such coins amounts to nothing short of terrorism because it poses a direct threat to the stability of the United States:


Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism, U.S. Attorney Tompkins said in announcing the verdict. While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country, she added. We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.


The Secret Service has gotten involved in order to ensure buyers don’t get confused by thinking they are acquiring legal U.S. tender. Apparently they believe that someone who buys a silver coin for $35 may, in a state of confusion, then attempt to exchange it for a $1 soda pop in the open market.


Today they are targeting the Liberty Dollar because it “represents a clear and present danger to the economic stability” of the United States. It wouldn’t be that far a stretch of the imagination to suggest the government could make the same argument for any mechanism of exchange or store of value, especially those which contain gold and silver.


They confiscated gold in the 1930′s for much the same reasons. They may very well do it again, but this time you may be a terrorist if you have silver or gold coins at home when they come looking.


Hat tip Steve Quayle

 

 



Source : www.shtfplan.com
<< Previous article
Rate : Average note :3.7 (3 votes)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Farage Interviews Le Pen: “Prison of the EU”
21 Marneville
BRITANNIA RULES THE WAVES AND NOW BREXIT WAIVES THE RULES. GO FOR IT FRANCE AND RID YOURSELVES FROM THE CHAINS OF IDIOTS. NOT SIN...
How the Fed Operates — And Why It's a Problem
20 Marramasart
In a nutshell, the Fed facilitates the theft of the value of the dollar, as they can control the increase in supply which at the same time inverts ...
How the Fed Operates — And Why It's a Problem
20 Marneville1
With all due respects for outlining how the crooked american Fed works or should work. From all our research we find the following the Fed...
Sparta - Gold prohibition in a collapsing economy
18 Markevthorne
You've answered none of the authors points: your comment is flat rubbish.
America Too Broke to Fix Crumbling Infrastructure? “Bridges, Roads,...
16 MarCameron Waugh1
Just like the leaders of the Bolshevik revolution were not Russians, those formulating belligerent US foreign policy are not Americans, and they ha...
POTUS at SOTUS
16 MarDRGEORGE1
Try explaining that to my patients dying on public waiting lists or getting ripped off by exorbitant private specialist fees!
POTUS at SOTUS
08 MarS W.0
I don't know what hallucinogens Dr G is on but my experience, both working in, and using the health system in Oz is that it is very bloody good.!
POTUS at SOTUS
07 Marstew temby
The best way around costs in the Aussie health/dental care systems in Australia is to travel to SE Asia for whatever you need to have done. Insurer...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS