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Thread: Paper Gold alternative medium of exchange

  1. #1

    Paper Gold alternative medium of exchange

    https://www.papergold.com

    PaperGold is a stunning new innovation in gold, a unique and affordable luxury must-have! It's the perfect way to own gold, a quantum leap forward.
    The result of a breakthrough technological process where precise deposits of gold are methodically placed between sturdy layers of synthetic film, PaperGold is bendable, lightweight, and resilient. Each PaperGold note is carefully assayed and verified, and then beautifully micro-printed at high resolution to produce attractive, wallet-sized bills.
    PaperGold is not a promissory note or a gold certificate. It is real, pure Gold in a new size, shape, and format. It's sleek, cool, and unique. You can use it to invest in your future, or to give the perfect gift for any occasion. Gold has continued to grow in value over the long-term and PaperGold has the purity of a gold bar, now available in affordable, dollar-sized bills.
    With PaperGold, you can hold real gold in your purse or conveniently folded inside your wallet. Available in 1/10th gram of pure 24kt gold, PaperGold can be stored, traded, exchanged, or melted down. It offers all the stability of real gold, but in a sleek, cool new form that makes a statement.
    Last edited by mrsat_98; 01-12-2015 at 12:25 AM.



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  3. #2

  4. #3
    About 18 months ago I said someone should do this. I didn't have the resources or I'd have done it myself. This one will not take off, however. 1) you can put a hell of a lot more than 1/10 of 1 gram into fabric reliably and durably, and 2) I can't imagine anybody paying $10 for $4 worth of gold.

    Until they are selling $20 worth of gold in a fabric note for $22.50 or less, it will fizzle and die.

  5. #4
    it's a nice gag gift or novelty , but won't be used as medium of exchange. If you want to give somebody $10, you give him a silver coin. If you want to give $500, you give a small gold coin.
    pcosmar's lie : There are more votes than registered Voters..

  6. #5
    Quote Originally Posted by GunnyFreedom View Post
    About 18 months ago I said someone should do this. I didn't have the resources or I'd have done it myself. This one will not take off, however. 1) you can put a hell of a lot more than 1/10 of 1 gram into fabric reliably and durably, and 2) I can't imagine anybody paying $10 for $4 worth of gold.

    Until they are selling $20 worth of gold in a fabric note for $22.50 or less, it will fizzle and die.
    is the technology new (sounds like it is, seems like they have a patent on it)? Or why didn't this come out when NORFED liberty dollars were still popular?

    Do you remember these?
    https://shiresilver.com/catalog/card...ieth_gram_card

    Is anybody selling gold for 10% above spot price?
    Last edited by PRB; 01-12-2015 at 01:39 AM.
    pcosmar's lie : There are more votes than registered Voters..

  7. #6
    See the picture of what it looks like below. Founder going to jail in 3... 2... 1...

    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  8. #7
    Quote Originally Posted by PRB View Post
    is the technology new (sounds like it is, seems like they have a patent on it)? Or why didn't this come out when NORFED liberty dollars were still popular?

    Do you remember these?
    https://shiresilver.com/catalog/card...ieth_gram_card

    Is anybody selling gold for 10% above spot price?
    Ehh, they've been attaching silver to thread in a way that is durable for ~50 years now. About 15 years ago it became affordable enough to put into GI combat socks. That has been a veritable revolution in antimicrobial clothing. What I would probably do is use the silver attaching method for 1/10g of silver, and then attach (somehow, R&D needed) a 1/2g of gold to the silver. 1/2g of gold (approx $21.80 spot) would be enough to make the venture worth it. And I wouldn't sell $22 worth of gold for $50 either. That's just asinine.

  9. #8
    Quote Originally Posted by TheCount View Post
    See the picture of what it looks like below. Founder going to jail in 3... 2... 1...

    Ha! Good point, although I think the fact it's shiny gold may lead nobody with the impression it's a legal tender note. Too bad, why are gold bugs SO lacking creativity?
    pcosmar's lie : There are more votes than registered Voters..



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  11. #9
    Quote Originally Posted by PRB View Post
    Ha! Good point, although I think the fact it's shiny gold may lead nobody with the impression it's a legal tender note. Too bad, why are gold bugs SO lacking creativity?
    In this case, they are charging $10 for $4 worth of gold. This has more to do with goldbugs having common sense than any creativity or lack thereof. I'm not paying 250% of spot for a pm. I don't care how gimmicky they make ir.

  12. #10
    Quote Originally Posted by GunnyFreedom View Post
    Ehh, they've been attaching silver to thread in a way that is durable for ~50 years now. About 15 years ago it became affordable enough to put into GI combat socks. That has been a veritable revolution in antimicrobial clothing. What I would probably do is use the silver attaching method for 1/10g of silver, and then attach (somehow, R&D needed) a 1/2g of gold to the silver. 1/2g of gold (approx $21.80 spot) would be enough to make the venture worth it. And I wouldn't sell $22 worth of gold for $50 either. That's just asinine.
    is your problem right now that 1/10g gold is too small? or too cheap?

    A gold gram bar is currently worth $39.00+ if you went strictly by spot price http://www.goldgrambars.com
    A gold gram bar is $52.00 plus shipping, unless you buy 100, which will bring it down to $46 plus shipping.

    In other words, 18% above spot if you bought 100, 30% above spot if you bought only 1. And that's close to zero technology overhead, meaning, you just mint a branded bar.

    Papergold has 5-15% shipping fee from what I see.
    pcosmar's lie : There are more votes than registered Voters..

  13. #11
    Quote Originally Posted by GunnyFreedom View Post
    In this case, they are charging $10 for $4 worth of gold. This has more to do with goldbugs having common sense than any creativity or lack thereof. I'm not paying 250% of spot for a pm. I don't care how gimmicky they make ir.
    It's not meant to be sold to people who know gold, it's precisely made for people who don't know it. Think of it as an artwork or game arcade token. Or hell, casino chip! My complaint about the creativity was, the artwork that could make it look less like a FRN.

    Like I said earlier, the premium charge is a mix of
    -patent
    -production cost
    -novelty

    If you wanted to buy a gold chip for investment, get a 1g gold bar for $50. It makes just as good a gift.
    pcosmar's lie : There are more votes than registered Voters..

  14. #12
    Quote Originally Posted by GunnyFreedom View Post
    In this case, they are charging $10 for $4 worth of gold. This has more to do with goldbugs having common sense than any creativity or lack thereof. I'm not paying 250% of spot for a pm. I don't care how gimmicky they make ir.
    It's made by a company made famous for fleecing old people on "numismatic" coins via Rush Limbaugh, Glenn Beck, and Fox News ads.

    They'll get plenty of customers.
    Last edited by TheCount; 01-13-2015 at 08:30 PM.
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  15. #13
    Quote Originally Posted by TheCount View Post
    See the picture of what it looks like below. Founder going to jail in 3... 2... 1...

    He is walking awfully close to that line. Not denominating in dollars but instead grams helps and putting US of A doesn't.
    “[T]he enshrinement of constitutional rights necessarily takes certain policy choices off the table.” (Heller, 554 U.S., at ___, 128 S.Ct., at 2822.)

    How long before "going liberal" replaces "going postal"?

  16. #14
    Quote Originally Posted by mrsat_98 View Post
    He is walking awfully close to that line. Not denominating in dollars but instead grams helps and putting US of A doesn't.
    For a product whose purpose is to distance itself from traditional fiat currency, I really don't know why you would make it look anything like a dollar.
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  17. #15
    Quote Originally Posted by TheCount View Post
    It's made by a company made famous for fleecing old people on "numismatic" coins via Rush Limbaugh, Glenn Beck, and Fox News ads.

    They'll get plenty of customers.
    WOW, surprise!

    Can't blame them, they're only selling them to suckers who allow it. And let's be honest, it's a very small market.
    pcosmar's lie : There are more votes than registered Voters..

  18. #16
    Quote Originally Posted by mrsat_98 View Post
    He is walking awfully close to that line. Not denominating in dollars but instead grams helps and putting US of A doesn't.
    10 dollar?

    NO, it's 10th ...wtf!

    And yeah, why say US of A if it's not government issued?
    pcosmar's lie : There are more votes than registered Voters..



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  20. #17
    Quote Originally Posted by TheCount View Post
    For a product whose purpose is to distance itself from traditional fiat currency, I really don't know why you would make it look anything like a dollar.
    it's called having your eat and cake it too.

    fool sucker buyers once, shame on scammer, fool them again, shame on them again.
    pcosmar's lie : There are more votes than registered Voters..

  21. #18
    Quote Originally Posted by TheCount View Post
    For a product whose purpose is to distance itself from traditional fiat currency, I really don't know why you would make it look anything like a dollar.
    I can hear the other side now arguing it looks nothing like a dollar. We have only heard the beginning of this one.
    “[T]he enshrinement of constitutional rights necessarily takes certain policy choices off the table.” (Heller, 554 U.S., at ___, 128 S.Ct., at 2822.)

    How long before "going liberal" replaces "going postal"?

  22. #19
    Quote Originally Posted by TheCount View Post
    See the picture of what it looks like below. Founder going to jail in 3... 2... 1...



    Online sales of PaperGold have been discontinued at this time. We invite you to visit TheMetalExchange.com, where gold, silver and other precious metals products are available for purchase. LOL . can you guess why?

  23. #20
    Saw that coming a mile away. You can do creative things with PM's, but don't expect to go anywhere with it if you are selling at 250% spot.

  24. #21
    Quote Originally Posted by GunnyFreedom View Post
    Saw that coming a mile away. You can do creative things with PM's, but don't expect to go anywhere with it if you are selling at 250% spot.
    I'm not defending overpriced anything, but isn't it funny that things like books, novelty coins made of aluminum or steel, most things made of hard plastic are also 2x or more the material value, and people seem to single out PMs when they're overpriced? is it just because PM buyers are more price aware, and only buy bullion for the metal, not any aesthetic or artistic value?



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