LBD Inventory Update

in #money4 years ago (edited)

We have just more than doubled our silver stock from 200 ounces to 500 ounces. This addition consists of RCM 100 ounce bars and some more Canadian Maple Leafs. Our next addition should be a monster box to double our stock once again. If you look at how much it costs to get 1 troy ounce worth of silver in LBD the total now comes to $31.90, a very competitive price for the services this program offers. Is anyone out there able to procure silver in hand for less than $31.90? Let us know in the comments below. And even if you can, remember what this program offers in addition to redeemability: we store it for you and now you can send it anywhere in the world 24 hours a day, 7 days a week. You get all the benefits of the Bitcoin model only with a silver backing. Today the comex price read $28.00 at 0905 PDT.

We are not going anywhere. It has been a while since our last update but we are here for the long haul, check out our "Roadmap" where we delineate what we are working on behind the scenes. See below.

Proof of silver is also below, enjoy the pictures.

The easiest and best way to buy, store, redeem and most importantly transact in silver is The Libertarian Dollar, ticker LBD, an SLP Token. Get yours today at www.libertariandollar.com

Any questions email [email protected]. Put "LBD" in the subject field.

We do not sell LBDs unless we have the physical silver to back it up, in possession. If someone were to buy all 646 LBDs available at this time they would not be able to buy any more until more physical silver was added to our inventory. The "continue selling when out of stock" option is NOT enabled on our website.

Last update we mentioned because the sale price of LBD is directly related to what we paid for silver on hand, we can foresee periods of time when the LBD program will offer arbitrage opportunities. The comex has jumped 27% since our last update 2 weeks ago. As stated above, because that inventory was purchased prior to the recent run up in the comex price, our price per ounce of $26.63 was extremely competitive. Nobody nibbled. This must be proof very few people are reading this blog. There used to be a little eyeball icon in this platform that acted as a view counter but that feature was discontinued quite a while ago, I do not know how many clicks these updates are getting. Our program was the absolute cheapest way to buy silver anywhere, period, over the last two weeks! The fact we still haven't made our first sale emphasizes how important it is for us to kick off our awareness / marketing activities.

It's ok, we are in no hurry. As stated above we are in this for the long haul, we are here to stay and our marketing push will be obvious once our available silver stock becomes more robust. We predict these arbitrage opportunities will reveal themselves again in the future. If you are on the fence about accumulating LBDs it is extra important for you to check our prices when you see see big moves up in comex prices.

Updated Inventory:
3 - 10 ounce first majestic coins
4 - 5 ounce first majestic coins
3 - 2 ounce first majestic coins
23 - 1 ounce first majestic coins
40 - 1/2 ounce first majestic coins
124 - 1 ounce maple leafs
2 - 100 ounce RCM bars
1 - 32.15 ounce first majestic bar
3 - 10 ounce first majestic bars
3 - 5 ounce first majestic bars
6 - morgan silver dollars (advertising budget not for sale)

Price per 1 LBD (24.057 grams of Ag): $24.65
Price per 1.293 LBD (1 troy ounce of Ag) = $31.90
Price per 0.041 LBD (1 gram of Ag) = $1.02
LBDs available for sale: 646
Silver backing for LBDs on sale: 500.15 ounces
LBDs in circulation: 1.012
LBDs in Mint: 7,111,111,109.988

Roadmap:
Increase inventory of silver. Obtain safe / safety deposit box for storage. Obtain insurance program that can double as audit (we assume the insurer would want to verify what they are insuring). Obtain audit certificate from BDO International or equivalent. Obtain some technical equipment (laptop, desktop, business phone etc) to help with customer support and marketing program (starting with a podcast interview tour, radio commercials, web ads etc). Hire employee #2 with skill set to handle regulatory and accounting, set up LLC or whatever appropriate, etc.

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Complete LBD Inventory, 500.15oz silver for sale and 6 morgan silver dollars for marketing budget

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2oz first majestic coins

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5oz first majestic coins

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10oz first majestic coins

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1oz first majestic coins

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1/2oz first majestic coins

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1oz Canadian maple leafs

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100oz RCM bars

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32.15oz first majestic bar

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10oz bars

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5oz bars

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6 morgan silver dollars marketing budget

The easiest and best way to buy, store, redeem and most importantly transact in silver is The Libertarian Dollar, ticker LBD, an SLP Token. Get yours today at www.libertariandollar.com

[email protected]. Put "LBD" in the subject field.

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Don't take this as a threat, but I am merely pointing out a threat that exists:

Do you know what happened to E-Gold? You're small enough for now, but down the road you need to prepare. What happened to Jackson, could happen to you.

not only are there plenty of differences between egold and LBD i am confident it is my human right to sell silver.

That much Silver will be worth a Minimum of $175.000.00 in terms of Fiat Money... In terms of Sound Money, it will be worth $1,750.00... Very nice either way...
August 8, 2020... 1.5 Hollywood Time...

Next stop, 1000 ounces, don't blink.

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