I bought some Gold today...

[fansubs_ca]

I bought some Gold today...



..for purely practical use. ^_^

[Cu Penny Hoarder]

1/25 of an ounce?

I prefer 1/10 Canadian maples.

[beauanderos]

has anyone invented a gold card yet? Meaning a credit card sized doohickey with an imbedded gold strip upon it?

[InfleXion]

has anyone invented a gold card yet? Meaning a credit card sized doohickey with an imbedded gold strip upon it?

I remember hearing about a really expensive credit card a couple years ago that was gold infused.

I was thinking lately, since waiting for some country to do a gold backed currency hasn't yet worked out, might it be possible to create legal novelty items infused with however many grains of gold or silver were in the original dollars, without actually calling them dollars? I think that is what got the Liberty Dollar into trouble, although it may have just been a scapegoat excuse. Maybe divide the amount of grains by 100 for practicality due to inflation .. have it say something like '10 grains silver' without labelling what it is. Basically just like a round except more practical for your wallet or your pocket without needing a capsule or a flip.

[silverstacker]

has anyone invented a gold card yet? Meaning a credit card sized doohickey with an imbedded gold strip upon it?

I remember hearing about a really expensive credit card a couple years ago that was gold infused.

I was thinking lately, since waiting for some country to do a gold backed currency hasn't yet worked out, might it be possible to create legal novelty items infused with however many grains of gold or silver were in the original dollars, without actually calling them dollars? I think that is what got the Liberty Dollar into trouble, although it may have just been a scapegoat excuse. Maybe divide the amount of grains by 100 for practicality due to inflation .. have it say something like '10 grains silver' without labelling what it is. Basically just like a round except more practical for your wallet or your pocket without needing a capsule or a flip.

A black card is all I need

[natsb88]

has anyone invented a gold card yet? Meaning a credit card sized doohickey with an imbedded gold strip upon it?

I remember hearing about a really expensive credit card a couple years ago that was gold infused.

I was thinking lately, since waiting for some country to do a gold backed currency hasn't yet worked out, might it be possible to create legal novelty items infused with however many grains of gold or silver were in the original dollars, without actually calling them dollars? I think that is what got the Liberty Dollar into trouble, although it may have just been a scapegoat excuse. Maybe divide the amount of grains by 100 for practicality due to inflation .. have it say something like '10 grains silver' without labelling what it is. Basically just like a round except more practical for your wallet or your pocket without needing a capsule or a flip.

http://valaurum.com/

[68Camaro]

Interesting, thanks for info. I like the concept but don't like the price. It nets out at double spot, or higher. They are going to have to come down in price per unit before they compete with traditional minted coin. Why buy 1/10 gram of gold when you can buy silver dimes? That is the historical place of silver - to take the place of small denominations.

[beauanderos]

Interesting, thanks for info. I like the concept but don't like the price. It nets out at double spot, or higher. They are going to have to come down in price per unit before they compete with traditional minted coin. Why buy 1/10 gram of gold when you can buy silver dimes? That is the historical place of silver - to take the place of small denominations.

True... but when eventual silver scarcity becomes extremely high (it will happen, folks, but might take another decade or two) the Aurum could be an easily transportable, fungible means of trade.
I like the concept. Having the ability to modify the value of the bills creates even greater viability (gold rises, print 1/100th of a gram bills). Much easier, and more accurate, than carrying around a scale and clipping hunks
or chips off your gold coin. Yes, silver coins are useful, however there is a place for both, methinks. of course, I've already been stockpiling carded gram gold for a couple of years

[pennypicker]

Interesting, thanks for info. I like the concept but don't like the price. It nets out at double spot, or higher. They are going to have to come down in price per unit before they compete with traditional minted coin. Why buy 1/10 gram of gold when you can buy silver dimes? That is the historical place of silver - to take the place of small denominations.

True... but when eventual silver scarcity becomes extremely high (it will happen, folks, but might take another decade or two) the Aurum could be an easily transportable, fungible means of trade.
I like the concept. Having the ability to modify the value of the bills creates even greater viability (gold rises, print 1/100th of a gram bills). Much easier, and more accurate, than carrying around a scale and clipping hunks
or chips off your gold coin. Yes, silver coins are useful, however there is a place for both, methinks. of course, I've already been stockpiling carded gram gold for a couple of years

Don't worry your secret is safe with me

[Copper Catcher]

The most expensive business card: http://blackastrum.com/

Sidebar: Adam Youngs does not need a card like this because everyone already knows who he is...

[Tinbox]

Manufacturing costs are too significant on such a small item, 1/10th of a gram. Even gram bars usually trade at 15-25% premiums which is still too high imo.

[68Camaro]

Manufacturing costs are too significant on such a small item, 1/10th of a gram. Even gram bars usually trade at 15-25% premiums which is still too high imo.

Shouldn't apply to this process, if you watched the video. They are basically laminating gold foil with plastic, in sheets, in a semi-continuous process. The manufacturing cost in bulk shouldn't be more than a few cents each in low volume, and fractions of a cent in high volume (plus the gold).

[IdahoCopper]

I just went to the Valaurum website and am duly impressed. These units look very good, the site is professional, and it has a catchy product name.

I really like that images can be printed within each auurm. Of course at 250% spot for individual sales, or 2x spot for bulk sales, this is a tough sell.

I wonder what the economy of scaling up could do to the price-over-spot? If you made 1,000,000 1/10th gram aurums, that would require 100,000 grams of 24k gold. Using kilobars as the source at today's spot of $34,867.48 each, 100 bars would cost ~$3.49M, before making it into thin film gold and laminating it. Each aurum would have ~$3.50 worth of gold.

Perhaps a 15% seignorage over spot could be maintained at that level of production, making each aurum exchange for $4.00 each, $0.50 over spot. A "print run" of 1M aurum would give the minter $500,000, minus all production costs.

[Mossy]

Manufacturing costs are too significant on such a small item, 1/10th of a gram. Even gram bars usually trade at 15-25% premiums which is still too high imo.

I doubt if there would be anything left to purchase for so little if the economy crashed like that.