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 Silver Bullion, Gold, & other Bullion Metals
 Gold and Silver Bank (Free Lakota Bank)
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CopperFinder
Penny Sorter Member


USA
34 Posts

Posted - 09/24/2009 :  03:16:23  Show Profile  Send CopperFinder an AOL message  Click to see CopperFinder's MSN Messenger address  Send CopperFinder a Yahoo! Message Send CopperFinder a Private Message
Have any of you heard of this new bank? Are any of you customers? It practically allows you to make deposits in gold and silver and withdraw it in cash, or withdraw it in gold or silver.

freelakotabank.com

Let me know your thoughts on it.

Nickelless
Administrator



USA
5580 Posts

Posted - 09/24/2009 :  03:41:53  Show Profile Send Nickelless a Private Message
I can't see anyone on this board trading their gold or silver for fake-money FRNs. And I'd think that the feds would frown on a bank like this making gold and silver seem like legitimate stores of value--it'd threaten the fiat-money Ponzi scheme.


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jadedragon
Administrator



Canada
3788 Posts

Posted - 09/25/2009 :  01:09:15  Show Profile Send jadedragon a Private Message
Seems like a serious scam. Website is pretty basic. No management or contact info.

“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog
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Neckro
1000+ Penny Miser Member



Saudi Arabia
2080 Posts

Posted - 09/25/2009 :  01:16:03  Show Profile  Send Neckro an AOL message  Click to see Neckro's MSN Messenger address  Send Neckro a Yahoo! Message Send Neckro a Private Message
It's the same people that does the Norfed type coins.

Trolling is an art.
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CopperFinder
Penny Sorter Member



USA
34 Posts

Posted - 09/25/2009 :  02:09:33  Show Profile  Send CopperFinder an AOL message  Click to see CopperFinder's MSN Messenger address  Send CopperFinder a Yahoo! Message Send CopperFinder a Private Message

quote
"Deposit & Withdraw

Depositing with the Free Lakota Bank: for a limited time, you can convert USD to Lakota and deposit directly with the Free Lakota Bank. Simply sign up for an account and you will receive instructions on how to fund your new account. After our initial currency offering completes, deposits will only be accepted in the form of AOCS-Approved currencies. After this time, depositors will need to contact a local AOCS Officer to convert USD to Lakota, at which point the Officer will be able to accept the deposit on our behalf.

Withdrawing funds from the Free Lakota Bank: any and all withdraws from the Free Lakota Bank will be issued in AOCS-Approved currency. The currency can be shipped direct from the bank or can be issued by an AOCS Officer. What you do with the currency and the rate of exchange you receive when converting to a different currency is beyond our control. Be aware of the heavy government manipulation in the value of gold and silver."

Should I trust them?
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Neckro
1000+ Penny Miser Member



Saudi Arabia
2080 Posts

Posted - 09/25/2009 :  02:12:28  Show Profile  Send Neckro an AOL message  Click to see Neckro's MSN Messenger address  Send Neckro a Yahoo! Message Send Neckro a Private Message
No, they issue coins with a FV of 50bucks, while its a 1oz round worth spot.

Trolling is an art.
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digitalfour
Penny Sorter Member



74 Posts

Posted - 09/25/2009 :  05:14:31  Show Profile Send digitalfour a Private Message
I don't think they are untrustworthy, but it's certainly not a good deal.
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Kurr
1000+ Penny Miser Member



2906 Posts

Posted - 09/25/2009 :  08:31:23  Show Profile Send Kurr a Private Message
Their money is used at face value inside the Lakota nation with Lakota merchants. They withdrew from any and all treaties with the U.S.A. and I believe placed a lien on all fed or gov owned land in their boundries.

This has been around for a bit.


The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b]
He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?

KJV Bible w/ Strong's Concordance: http://www.blueletterbible.org/
The book of The Hundreds: http://www.land.netonecom.net/tlp/ref/boh/bookOfTheHundreds_v4.1.pdf
The Two Republics: http://www.whitehorsemedia.com/docs/THE_TWO_REPUBLICS.pdf
Good reading: http://ecclesia.org/truth/government.html

A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears

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