|06-13-2013 04:08 PM|
|tae73||Now if they will just get the 2.5" for the JK released!|
|06-13-2013 04:03 PM|
|06-12-2013 12:14 AM|
|NFRs2000NYC||One more thing to remember...gold coins are federally minted currency. They are legal tender, just like your dollar. I can buy a bunch of stuff from MC for $50 (although it is $1600 worth of stuff) and send them a "$50 coin."|
|06-11-2013 11:39 PM|
So it seems to me that the guys from MC are putting a value of 1 oz of gold. They think that one oz of gold equals their product regardless of dollar value of the gold?
|06-06-2013 07:36 PM|
|HK_Runner||Now let's get those control arms for a half-ounce coin. I'm in!!|
|06-06-2013 07:30 PM|
|bill9274||that is a pretty cool idea and thanks for getting so many people to thinking about gold and paper money. i hope to have some metal cloak pieces on my jeep soon.|
|06-06-2013 07:06 PM|
|GULF FRONT||Thanks Metalcloak!! You just made my lift decision harder! Now to go gold shopping!! : )|
|06-06-2013 06:36 PM|
|06-06-2013 06:25 PM|
I have the Coin and would love to exchange it for the Lift, since it is my final selection after months of research, however there is a small problem I live in California! Not only do I have to pay the High CA sales tax I am also excluded from sale promotion, JUST NOT FAIR!
So on that Note, Perhaps a similar discount could be offered to the California residences that is based on the value of the Gold coin at the time of the order paid for in cash/credit would make it fair for all residence of U.S. A
Just a suggestion J
|06-06-2013 03:23 PM|
|06-06-2013 02:28 PM|
|kramer2k||Thanks for the enlightening discussion. Interesting thread and information here.|
|06-06-2013 12:39 PM|
|06-06-2013 04:41 AM|
|rwhankla||So does this offer include bars or coins only?|
|06-04-2013 05:46 PM|
|06-04-2013 05:38 PM|
Why is Texas always the first to "get it"
Can Texas become 1st tax free gold state
|06-04-2013 02:56 PM|
In addition to your other point, there's the reality that the rarity of gold is also controlled to some degree by the mining corporations and banks, just like DeBeers controls the rarity of diamonds. If people upstream have an interest in ensuring that their gold rises in value, they have less interest in redistributing it in the marketplace. And as we're all painfully aware, given the last 5-6 years, when people don't want to engage in market activity, you get a little something called a recession. So the facts that gold is hard to find and costs a lot to mine aren't the only factors contributing to its rarity, and basic physical rarity is not always a great thing when it comes to currency.
If you think about it, any currency is just a convenient way of passing around promises. Even on the gold standard, if you sold your car for bunch of gold, all the gold represents is the promise that someone else will later compensate you (in goods) for the value of your car. You aren't selling things in exchange for gold- you're selling them in exchange for the promise that you will be able to acquire goods that will amount to the value of the item you're selling. So I don't understand why people get so upset when they discover that the dollar (or any other paper currency) is only backed by collective faith in its value- that's not just how paper currency works- it's how the very concept of "money" works. The only way to avoid it is adopting a pure barter system. (i.e. If you want my car, you have to give me something specific that I actually want, like a bunch of horses or whatever).
|06-04-2013 02:11 PM|
I heard the other day it currently costs miners almost $1,000 to pull oz. of gold out of the ground. So when the gold price gets close to the $1,200 range they slow their roll.
Panda crap is pretty rare too, so I'm still confused.
|06-04-2013 01:35 PM|
Petty Officer, First Class, United States Navy
"All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation."
-- John Adams
|06-04-2013 01:25 PM|
|06-04-2013 11:47 AM|
PS On Henry Ford:
"A successful captain of industry. A pioneer in transportation who changed the world. Creator of an eponymous brand that survives to this day. An innovator in business efficiency. O.k. But also a scumbag bigot...."
"...it was through the The Dearborn Independent that the Protocols of the Elders of Zion were introduced as fact to American readers. This fraudulent document is at the heart of the conspiracy theorists detailing the control of the world by Jews, created by the czars secret police. So whenever you hear about the Zionist plot to rule the world, thank Mr. Ford."
|06-04-2013 11:02 AM|
Trust, but verify
"Let us take a patriot, where we can meet him; and, that we may not flatter ourselves by false appearances, distinguish those marks which are certain, from those which may deceive; for a man may have the external appearance of a patriot, without the constituent qualities; as false coins have often lustre, though they want weight." ~ Samuel Johnson
I just always take it with a grain of salt when people start waving flags, beating chests and calling themselves patriots - when there is a war being fought. Trust but verify, kind of thing.
So, politely - since you all are embracing the patriot monicker, I am sure you have defined the word as it relates to yourself. Please share what it means for the individuals in your company to be defined as such -- meaning, what exactly are the patriotic things that your company is doing? Honestly curious.
Sgt. 1st Class, U.S. Army (Ret.)
|06-04-2013 10:58 AM|
As for it practicality when used as currency, remember that paper currency developed because it was impractical to carry large sums of coins.
|06-04-2013 10:30 AM|
MetalCloak, Thanks for the info. I really enjoyed the conversation.
Kudos for throwing this out there for people to think about.
Btw, your products are freakin' awesome!
|06-03-2013 09:56 PM|
Those are good reasons why gold works well as a currency as a functional matter, but I still don't understand the perspective that the material has some kind of inherent value. We still just choose to value it, and the degree to which we do so fluctuates on a daily basis. The value of a dollar bill is whatever someone is willing to trade for it, and the same principle applies to gold. I guess I am mainly disagreeing with the contention that "gold IS money" in some way that differs from any other currency. It's only money because we all agree that it is- just like a dollar.
If we all were using gold back in 07, it wouldn't have stopped the subprime mortgage crisis. The value of our homes still would have plummeted, and so in turn would the value of gold. It actually might have been an even more global crisis if everyone in the world depended upon the same currency.
So yeah, I think those are good are good arguments for gold being a more utilitarian currency, but I'm not sure it would be more stable. .. Anyway, good luck with the promotion!
|06-03-2013 09:41 PM|
|JKralph||I like the turn this thread has taken, stimulating discussion|
|06-03-2013 09:31 PM|
I will not be taking part in this program but am glad that y'all did it for your reasons given earlier about making people aware. Kudos to yah.
|06-03-2013 09:23 PM|
I knew there was more to this than meets the eye... schooling the uninformed.
Interesting promo and potential way to beat the system... not so much an internet sales tax loophole (although I wouldn't give up on this idea), but to offer alternative payment methods based on the principles of how we value our currency - which we don't.
A coin dipped in precious metals can be traded for its current market value.. paper or plastic will always be traded at face value. Although I wonder if you walked into a bank with a $50 Gold Liberty, what they would give you in return?
Probably $50 with an engraved picture of Ulysses S. Grant.
Maybe there will be a new "MC Freedom Act" dedicated to your name in the near future.
|06-03-2013 07:24 PM|
Would Milton pay cash or coin to MC???
|06-03-2013 06:56 PM|
a) Gold and Silver are virtually indestructible (they do not corrode or perish like say steel or wheat respectfully)
b) Gold and Silver have limited availability in the form of a substantial cost to mine. In other words it can NOT be printed or digitally created out of thin air like the dollar (Federal Reserve)...it requires labor to extract.
c) The limited availabity allows for the substantial store of wealth or trade value in a small amount of space or weight. For example it would not be practical to carry the equivalent amount of wheat or steel in your pocket to trade for even a good meal.
d) Gold and Silver can be infinitely divided, remelted, reformed into denominations necessary for almost any trade. Unlike diamonds and jewels.
It is actually these unique properties that bind humanity in natural agreement that gold has trade value. Where as fiat unbacked paper currency requires a government/authority/military to establish and control the trade value of the paper.
In other words, gold does not need backing because it IS money. Paper money originally started as a promise note for the exchange of a certain amount of gold or silver. It is no longer even that, it is merely what it is because our government says it is what it is.
The following explanation is admittedly simple, but might make the point.
The $1 bill and the $100 bill are made of the same paper with the only difference being the way the ink is arranged on the paper. Both bills are just a promise by the US Government and Military that they have a trade value for goods.
What is the trade value of a paper dollar if the US Government and Military did not exist?
1 ounce of gold and 100 ounces of gold have very different, measurable and visible masses. One cannot just scribe a number on gold and create a different trade value (you must obtain more). Gold creation and distruction is not controlled by the whim of any single government. (though unfortunately it can be manipulated by fiat paper investment products)
What is the trade value of gold if the US Government and Military did not exist?
We are not experts on gold, money or currency...we are merely trying to promote the discussion of the relationship between Gold and Individual Liberty. We believe it to be one of the most important topics of our time.
"Inflation [printing of money} is the one form of taxation that can be imposed without legislation."
-Milton Friedman, Nobel Prize winning economist
Thank you for reading.
|06-03-2013 05:53 PM|
Thanks to Metal Cloak for chiming in. Very cool.
Still its important to remember you give up all recourse when you said cash for service. By using a credit card you'll have a chance to reverse that payment if the vendor is grossly negligent such as sending you an incomplete kit and then giving you the run-around afterwards. With a metal coin it comes down to "Huh, what metal coin?".
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