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Started By
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How would you liquidate a currency backed by land titles and gold?
Posted on 10/16/20 at 11:41 am
Posted on 10/16/20 at 11:41 am
An interesting proposition is on my desk. I cannot give too many specifics here, as TD threads populate on search engines.
The currency is indeed backed by the aforementioned assets; however, currency is not my expertise and I am unsure on how to liquidate or exchange tender of this kind. Any thoughts? I know it's rather vague, but I appreciate all helpful responses.
The currency is indeed backed by the aforementioned assets; however, currency is not my expertise and I am unsure on how to liquidate or exchange tender of this kind. Any thoughts? I know it's rather vague, but I appreciate all helpful responses.
Posted on 10/16/20 at 12:18 pm to oleusakid
Liquidate the land and gold.
Posted on 10/16/20 at 12:24 pm to oleusakid
I don't know but it sounds cool
Posted on 10/16/20 at 12:57 pm to C
It is similar to a stock in that it has value that can be traded, but better than many stocks because it is gold and land backed.
My goal is to liquidate it for full value. If you're an expert, I can email you more specifics.
My goal is to liquidate it for full value. If you're an expert, I can email you more specifics.
Posted on 10/16/20 at 12:58 pm to wutangfinancial
quote:
I don't know but it sounds cool
Could be really cool if we can get it to work!
Posted on 10/16/20 at 1:48 pm to iAmBatman
It's backed by land and gold. They are not collateral.
Posted on 10/16/20 at 4:34 pm to oleusakid
Sounds fishy...not interested. If I wanted “currency” backed by land and gold, I’d just buy land or gold. What’s the need for the middle man?
Posted on 10/16/20 at 5:32 pm to oleusakid
I believe you would have to go to the government who owns said currency (specifically their Treasury) to discuss liquidation. The gold wouldn’t be too difficult, but I have a hard time seeing how you can come to an agreement as to what land is worth without visiting the site(s) in question. There’s also the risk (depending on which government this is) as to whether land ownership will be respected in the future.
Long story short I probably wouldn’t want land unless the government had a sterling track record and lots of future projected stability. Land is only yours if you can keep someone else from taking it. Gold would be much less risky in that regard.
Long story short I probably wouldn’t want land unless the government had a sterling track record and lots of future projected stability. Land is only yours if you can keep someone else from taking it. Gold would be much less risky in that regard.
Posted on 10/16/20 at 8:42 pm to iAmBatman
Yeah, that's what I said. If I told you who the currency is from and how it happened years ago, you'd have a different response. Thanks though.
Posted on 10/16/20 at 8:43 pm to Decisions
Yes, this is on target with how I am pursuing. Thanks for the thoughtful response and confirmation. I will share the update.
Posted on 10/16/20 at 10:03 pm to oleusakid
Are you a Nigerian prince that needs my bank account info to route the money through?? This sounds like total BS to me.
Posted on 10/17/20 at 7:43 am to oleusakid
What kind of currency is this? Quick search turns up no national currencies land/gold backed. I learned land based currency was a thing during French revolution. That ended poorly of course and the currency was worthless.
Posted on 10/17/20 at 8:01 am to TorchtheFlyingTiger
Because it isn’t a nations currency, hence the sketchy nature of this guys posts.
Unless he can prove some legitimacy, this thing is a 100% scam.
Unless he can prove some legitimacy, this thing is a 100% scam.
Posted on 10/17/20 at 1:25 pm to oleusakid
You’re supposed to put the Monopoly money back in the box after you finish playing, baw
Posted on 10/19/20 at 8:18 am to oleusakid
If you are having trouble establishing an exchange rate with a known and established currency (like the dollar or Euro, or even something like bitcoin), and you’re unsure of how you’d use it to buy goods or services that could then be flipped into some other currency, it sounds like you’re looking at a pig in a poke, as us country folks used to say.
Good luck with it though.
Good luck with it though.
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