I would be holding eLD, but the FBI stole it from the people who were storing it for me a few months back (I'm sure it was all just a misunderstanding, right?) Maybe we'll get it back some day.
Here's the text of the alert titled 30DMA Hits $16 - Liberty Dollar set to Move Up to $50 Silver which can also be found here.
BINGO!!! Yesterday, February 7. 2008, the 30 day moving average (30DMA) for silver closed at exactly $16.00 for the first time…. And catapulted the Liberty Dollar into the 45 day slot to Move Up to the new $50 SILVER BASE!
Buckle UP! Silver is going to the moon and we want you all to come along. This is without a doubt - the third most important event for the little currency that could… Of course the first was its birth on October 1, 1998 and second was its serendipitous Move Up to the $20 Silver Base on Thanksgiving Day, November 24, 2005.
Liberty Dollar will Move Up on Easter Sunday, March 23 if the 30DMA for silver stays over $16 for 45 consecutive calendar days. Behold a new monetary system arises just as the US dollar descends into a pit of debt. Serendipity may strike again!
If you were onboard for the first Move Up then your money DOUBLED! This time it is even better! Now you can TWO AND HALF TIMES (2.5XY$) your money!!
Just imagine… In the same timeframe that Bushwacked has been president, the $10 Base Liberty Dollar will have Moved Up to the $50 Base and increased 500%…while the US dollar has lost 50%! What would you rather have? A currency that has increased FIVE TIMES or one that has lost HALF its purchasing power? Do you need a calculator?
Is there anybody opposed to doubling your money? Isn't 'protecting your purchasing power' one of the key benefits of the 'inflation proof' Liberty Dollar? Absolutely! Just imagine what it could do for your family, your business, or your community! Just image what it could do for our great country!!
Is the Move Up some wild wacky idea to defraud you of your hard earned US dollars? Hell No. The Liberty Dollar defrauds nobody. It is the government money that is defrauding you!!! Since the day the Liberty Dollar was introduced on October 1, 1998, I have specified the exact monetary structure for the new currency to respond to higher silver prices and published the "Move Up" points:
Move Up point from the $10 to the $20 Silver Base is $7.50 30DMA completed
Move Up point from the $20 to the $50 Silver Base is $16.00 30DMA pending
Move Up point from the $50 to the $100 Silver Base is $41.50 30DMA future1
Move Up point from the $100 to the $250 Silver Base is $84.00 30DMA future2
Move Up point from the $250 to the $500 Silver Base is $211.50 30DMA future3
When the Liberty Dollar Moved Up to the $20 Silver Base all Liberty Dollars DOUBLED. Now, when the 30DMA for silver stays over $16 for 45 consecutive calendar days the Liberty Dollar will Move Up to the $50 Silver Base and all Liberty Dollars that you have will increase TWO AND HALF TIMES!!
Now for the mechanics: It would be beneficial for you to understand that time is a critical factor when designing or even considering money. Just as $20 today does not buy the same twenty gallons of gas as it did ten years ago, I incorporated time into the Liberty Dollar model twice. First by using the 30DMA instead of silver spot rate and second by lengthening the time the 30DMA must be maintained to Move Up to each new Silver Base. Whereas the Move Up to the $20 Silver Base was achieved after the 30DMA was maintained for 30 days, the Move Up to the $50 Silver Base now requires 45 days. The Move Up to the $100 requires 60 days and an additional 15 days per each Move Up.
As the Move Up point is so important, the Liberty Dollar uses an independent, third party source for its 30DMA. This definitive information is readily available, total transparent and easily verifiable by everyone. The 30DMA is one of the econometric stability-inducing features that protect the Liberty Dollar from the erratic actions of free market silver. You can check the 30DMA by simply going to ScotiaMocotta, which is a division of the Bank of Nova Scotia, a Canadian Bank, at: http://www.scotiamocatta.com
And on the technical side, please note the Commentary on page one that states: "Silver's outlook is more bullish than gold's as it didn't break its short-term up trend and most studies have yet to turn outright bearish. In addition, open interest has increased, which implies that the market remains somewhat confident on further upside in silver. Support comes in at the upward trend line of $16.44, while resistance comes in at intraday congestion of $16.93." (Please note that both figures are well over the $16 Move Up point.)
Do you want to 2.5XY$? Get some Liberty Dollars… BEFORE it Moves Up. The last day may be Friday March 21 at 5:00 PM CST... as the Office will be closed on Saturday and Easter Sunday.
Remember: Doesn't it just make sense that when the underlying commodity that backs the currency increases in value, shouldn't the purchasing power of that currency also increase in value? Of course. And isn't that the essence of an "inflation proof" currency? Absolutely! In fact, when you think about it, the only way the Liberty Dollar can accommodate higher commodity prices is to increase its Face Value.
The Liberty Dollar is a private voluntary barter currency. It is specifically designed to function dollar-for-dollar with the US dollar - regardless of how much it depreciates or how much silver appreciates - so you can protect your purchasing power in the market place. Does that mean that the Liberty Dollar should be used as "Legal Tender", "Current Money" or "Coin"? No! Absolutely not! It is only to be used between consenting adults. You cannot pay taxes with it. Nobody is forced to accept the Liberty Dollar. But why would you want to use anything else?
So you don't have to use the Liberty Dollar? Of course not! You can keep your head in the sand and your money in depreciating US dollars and lose your ass, your home, your business, everything that is denominated in US dollars. Is the Liberty Dollar opposed to the US dollar? Absolutely not! We love the US dollar as defined by the Mint Act of 1792. We love the US dollar that made the United States the greatest economic power in the world. We love the US dollar that represented real value and maintained its purchasing power. We are opposed to any money that is made out of thin air and rips off The People. That is morally wrong. And for the government to use that fiat money primarily for a 'war of aggression' is a sin against The People and an assault against world peace.
So what are We The People supposed to do? PROTECT YOUR PURCHASING POWER! Don't sit around and watch your nest egg, retirement funds, college saving account, or even your weekly allowance disappear. You have no obligation to go broke to save the country, or the government money that is ripping you off!
Sure buying silver is the best thing possible. Yes, it is much better than gold. Sure it will be good for you and your family. But it will do nothing for our great country. Our country needs a value based currency and it needs it damn quick. That is why I designed and developed the Liberty Dollar in spite of being under criminal investigation by the FBI. So if you think I am a criminal, please do NOT get any Liberty Dollars!
CLOSING: A lot of great things are happening with the Liberty Dollar. Walk-in customers are way up. Two new RCOs just joined and others are in the wings. A new digital Liberty Dollar will be available soon so it will be easy to 2.5XY$ BEFORE it Moves Up!!! Amir Hirsch is closing out the last Ron Paul Chocolate Dollars for Valentine's Day. Please order from http://ronpaulchocolate.com before Saturday and they should arrive by Thursday the 14th.
Can you type? You are invited to the Move Up Party!!! The biggest problem with the Move Up to the $20 Silver Base was keeping up with the orders. Seems like everybody wanted to DOUBLE their money. We anticipate this will happen again and are looking for about six people to come to Evansville for the Data Entry Party... Come for a day or two or more during the last two weeks of the 45 day slot: from March 10 to March 21. Your costs will be covered and you may even get a few 2008 Liberty Dollars to boot. Please email Sarah@LibertyDollar.org with PARTY in the subject field for particulars if you are interested in partying with the Liberty Dollar Team. Karen, no undercover agents need apply.
My fellow Americans: It is critical that we address the monetary problem in this country. But how? The government does not listen. All the politicians are a bunch of CFR "bellybuttons" except for Ron Paul. The IRS is a criminal gang. I am even under criminal investigation for trying to return America to value - one Liberty Dollar at a time!
The simple solution is for you to take your monetary matters into your own hands. After all - it IS your money. The quicker the better!! Buy silver if you want to protect your ass-ets. Get some Liberty Dollars if you want to return our great country to value. Just don't sit there! Either change your money or lose it!
I know not what course you may take, but for me -
give me Liberty (Dollar) or give me death!
Bernard von NotHaus
Monetary Architect / Editor
As long as the spot price of silver stays above $16 an ounce, the Daily Moving Average will also stay above $16. Kitco chart link. Considering the upward trend of silver of late, I'm inclined to think that the move up will occur the first time that Silver's DMA reached $16, this time.
The $20 move up DMA level was $7.50, and silver flirted with that price at least 3 times before finally staying above it for the required period. I'm betting that a repeat of this will not occur.
Considering the current weakness of the dollar, I'm beginning to wonder if the time to the next move up ($100 base, Bernard?) will be measured in years, or months?