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

InfleXion wrote:

beauanderos wrote: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.

InfleXion wrote:

beauanderos wrote: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.

68Camaro wrote: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 wrote:

68Camaro wrote: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

Tinbox wrote: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.

Tinbox wrote: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.