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Author Topic: The New Hampshire Currency Exchange Company  (Read 54447 times)

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Low-Eight

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Re: The New Hampshire Currency Exchange Company
« Reply #15 on: April 20, 2009, 03:50:49 PM »


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Richard Garner

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Re: The New Hamshire Currency Exchange Company
« Reply #16 on: April 20, 2009, 03:57:21 PM »

Who's that ugly woman?  I'd avoid the company based on that alone.


And is 1 gram of gold so cumbersome it needs to be substituted w/ paper for daily transactions?  The nice thing about gold is it's no problem to carry several thousand dollars worth in your pocket.

I'd imagine that there should be notes for much smaller quantities of gold. I mean, how can somebody give change for a gram of gold, say, I I wanted to buy a pack of chips with it?
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Ecolitan

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Re: The New Hamshire Currency Exchange Company
« Reply #17 on: April 20, 2009, 04:09:31 PM »

Who's that ugly woman?  I'd avoid the company based on that alone.


And is 1 gram of gold so cumbersome it needs to be substituted w/ paper for daily transactions?  The nice thing about gold is it's no problem to carry several thousand dollars worth in your pocket.

I'd imagine that there should be notes for much smaller quantities of gold. I mean, how can somebody give change for a gram of gold, say, I I wanted to buy a pack of chips with it?

You might have noticed he said 1 gram of gold = $.02  There's no need to make change for that.  Original pennies had far more copper than $.01 in today's money but no one complained about making change.  Copper and silver and nickel etc. should be satisfactory for purchasing your pack of chips. 
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Low-Eight

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Re: The New Hampshire Currency Exchange Company
« Reply #18 on: April 20, 2009, 04:19:53 PM »

Actually, I was wrong, gold is worth much more than that.  just me and my faulty math XD

Here is a new chart showing the correct numbers
http://spreadsheets.google.com/pub?key=pvMwwWw98ERoWhIwMhkK0Ww
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Ecolitan

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Re: The New Hampshire Currency Exchange Company
« Reply #19 on: April 20, 2009, 04:23:59 PM »

I thought so... still.  nickel and copper and tungsten are fine for small purchases.  Maybe in libertopia I'd be down for paper gold but not today, unless the company promises to defend my gold from ALL thieves.  I'd want to own a few notes just to be part of that but it still wouldn't be good for everyday use, that kind of security is too expensive.
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Low-Eight

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Re: The New Hampshire Currency Exchange Company
« Reply #20 on: April 20, 2009, 04:30:51 PM »

I thought so... still.  nickel and copper and tungsten are fine for small purchases.  Maybe in libertopia I'd be down for paper gold but not today, unless the company promises to defend my gold from ALL thieves.  I'd want to own a few notes just to be part of that but it still wouldn't be good for everyday use, that kind of security is too expensive.

The only theives that I'd be worried about is the government.

Unlike the liberty dollar, This company should accept metals, as long as it is not scrap.

To make a profit, there should be a 5 year expiration on the certificates.  Certs should be renewed at any point before the 5 year limit at no charge.

Anti-Counterfeit measures should be put into the certificates.

Ideally there would be multiple locations where these certificates and metals are made/stored.

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sillyperson

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Re: The New Hamshire Currency Exchange Company
« Reply #21 on: April 20, 2009, 04:31:48 PM »

Word on the street is, right now the smart money is shorting gold. 
Of course it is. The fundamentals indicate the economy is round the corner; gold is flirting with $890.
It's going down in the short-to-medium term.
I'm lookin' to buy on that dip, baby.

Here are some guys in NH who are totally not getting their shit together as far as actually doing what they set out to do:
http://shiresilver.com/
http://nhcaptv.com/episode/5

Ecolitan

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Re: The New Hampshire Currency Exchange Company
« Reply #22 on: April 20, 2009, 04:35:44 PM »

The only theives that I'd be worried about is the government.

...


I don't much like the expiration.  I'm out if they expire, I'm OK with them depreciating in proportion to storage expenses.
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Low-Eight

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Re: The New Hampshire Currency Exchange Company
« Reply #23 on: April 20, 2009, 04:38:58 PM »

The only theives that I'd be worried about is the government.

...


I don't much like the expiration.  I'm out if they expire, I'm OK with them depreciating in proportion to storage expenses.

The expiration date was an Idea from the LD people.  there should be some sort of way that NHCE should make a profit.  Remember:  NHCE doesn't own the metal it's storing, it belongs to the Noteholder. . .

There has to be some incentive. .
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Ecolitan

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Re: The New Hampshire Currency Exchange Company
« Reply #24 on: April 20, 2009, 04:47:06 PM »

I don't much like the expiration.  I'm out if they expire, I'm OK with them depreciating in proportion to storage expenses.

The expiration date was an Idea from the LD people.  there should be some sort of way that NHCE should make a profit.  Remember:  NHCE doesn't own the metal it's storing, it belongs to the Noteholder. . .

There has to be some incentive. .
[/quote]

Like I said, even marking up the coins more than their competitors and scamming people on re-minting fees every time the USD changed in value, NOT for the purpose of imitating the USD of course  :roll: (something I was adamantly against BEFORE it got all their customers money stolen) was not enough to cover the expense of protecting their product from ALL thieves.

Don't take ideas from the LD folks.  They're dishonest assholes.  It's their relaxed relationship with truth that got them in trouble.
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Richard Garner

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Re: The New Hampshire Currency Exchange Company
« Reply #25 on: April 20, 2009, 04:56:16 PM »

Actually, I was wrong, gold is worth much more than that.  just me and my faulty math XD

Here is a new chart showing the correct numbers
http://spreadsheets.google.com/pub?key=pvMwwWw98ERoWhIwMhkK0Ww

Thought so. I was reading in a novel today that just before the 1934 Gold Reserve Act you could, in theory, go into a bank and put down $35 for an ounce of gold. When the novel was published, an ounce cost $400 dollars. How much does that mean the value of your money has declined?!
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Ecolitan

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Re: The New Hampshire Currency Exchange Company
« Reply #26 on: April 20, 2009, 05:00:12 PM »

Quote
How much does that mean the value of your money has declined?!

>95%

I got one for you.  If you'd have purchased a 1oz silver round from the Liberty Dollar folks in 1934.  How many times would they have charged you for re-minting?  How many times the value of of 1oz of silver does that equal?
« Last Edit: April 20, 2009, 05:04:14 PM by Ecolitan »
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anarchir

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Re: The New Hampshire Currency Exchange Company
« Reply #27 on: April 20, 2009, 05:01:14 PM »

Why just NH?
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Low-Eight

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Re: The New Hampshire Currency Exchange Company
« Reply #28 on: April 20, 2009, 05:05:13 PM »

Why just NH?

Because NH would be the petri dish to try to get a majority of businesses to switch over.  I was thinking about making it New England, but I don't know.
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anarchir

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Re: The New Hampshire Currency Exchange Company
« Reply #29 on: April 20, 2009, 05:11:38 PM »

Well since I live in WI I have no motivation to support your business.
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