Liberty Coin Safeguards
Liberty Coins are secured by the most comprehensive and robust protection available.
Transparency & Accountability
The Liberty Coin Network is democratically governed by and exclusively operated for the benefit of each of its Liberty Coin owners. By always putting Liberty Coin owners first, the exchange operates with full membership transparency; from initial coin purchases to real-time trading and account monitoring activities.
Each Liberty Coin buy/sell transaction is reviewed by Transaction Compliance to ensure it conforms to all Liberty Coin Network policies and procedures prior to execution.
Each mine’s gold ore transportation, processing, refining, minting and physical coin delivery operations and accounting records are independently audited by leading accounting firms to ensure conformance with globally accepted accounting standards and that results-based accountability is achieved.
Regulatory Compliance
The Liberty Coin Network utilizes industry leading policies and procedures to implement Know Your Customer (“KYC”), U.S. Treasury Bank Secrecy Act (“BAC”), Anti-Money Laundering (“AML”), Title III of the U.S. Patriot Act (“Patriot Act”), U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), and other applicable regulations in jurisdictions in which it may operate for each member admitted to the network, as well as robust monitoring and re-verification procedures.
Privacy
Your personal information including your email address and phone number will always remain private and confidential. We will never sell, share, or disclose any of your personal information to any person, company or entity not directly related to your purchase or sale transactions, your Liberty Coin holdings or your Liberty Coin Network account. We will never engage in solicitation or marketing activities concerning you or your account. Our website and our communication with you will never contain any form of third party advertising or external or embedded marketing code, cookies, or links.
Management
The core project management team is comprised of two important components the Trustee and the Contract Gold Processor.
Trustee – The gold ore monetization process is administered, monitored, and controlled by a highly qualified Trustee with a minimum of 20-years of experience in mining law and the gold mining industry.
Contract Gold Processor – Each phase of gold ore permitting, transportation, refining and coin minting process is managed and operated by a highly qualified licensed, bonded, and insured Contractor Gold Processor with a minimum of 20-years of experience in the gold mining industry.
Trust & Control
Liberty Coin sales proceeds are held in trust by a top 10 global financial institution such as JP Morgan Chase. Where all disbursements are administered by Trustees; Trustees that leave no-stone-unturned to ensure each dollar under their care is protected.
The trust’s mission is to ensure (1) each Liberty Coin owner receives on-time delivery of its coins and (2) the maximum amount of proven, bankable gold reserves protect each Liberty Coin sold.
Trustees are in 100% control of every dollar released from the Trust account, including disbursements for gold ore permitting, transportation, refining, minting, and physical delivery of 1 oz. certified 99.95% pure investment-grade gold Liberty Coins.
Trust funds designated for gold-ore processing operations are only released when gold-ore processing operations are initiated for each Liberty Coin owner’s legally-defined claim of gold-containing ore, with each trust disbursement subject to strict security and control procedures independently verified by Trustee.
Operations & Oversight
Trustee oversight lies at the heart of protecting each Buyer’s Liberty Coin holdings and optimizing gold-ore permitting, processing, refining and minting, and delivery operations. The goal is to maximize gold-ore processing performance when measured across all relevant criteria including security, profitability, and speed.
Contract Gold Processor’s team of geologists, engineers, project managers and operations staff collectively manage removal, transportation, refining, minting, and delivery operations. Contract Gold Processor’s performance is measured against industry standard criteria, objectives, and milestones. Contract Gold Processor is overseen by Trustee to ensure performance benchmarks and milestones are consistently attained.
All contractual engagements are administrated by Trustee based on a fully transparent process of competitive bidding, market rate pricing, and industry accepted standards for performance, safety, and compliance. Monitoring technologies and services (independent from those of Contract Gold Processor) will be utilized by Trustee to track gold-ore from mine premises removal to final delivery, e.g. literally from the first dump truck load of gold ore that leaves the mine premises to physical delivery of each 1 oz. certified 99.95% pure investment-grade gold Liberty Coin.
All gold ore processing operations, trustee activities, and accounting records are independently audited by a leading accounting firm to ensure conformance with all globally accepted accounting standards and that full transparency and performance-based accountability are consistently maintained.
In summary, each Buyer’s Liberty Coin holdings are protected by robust monitoring and control systems designed to yield a wealth of immediately actionable information, which in turn is utilized to maximize gold-ore monetization performance and ensure timely delivery of physical Liberty Coins. This comprehensive control system enables Trustee to make administrative and disbursement decisions based on actionable real-time information designed to protect and optimize each Liberty Coin owner’s holdings.
Gold Processing & Coin Minting
The previously mined gold ore shall be refined and minted by a qualified, licensed, bonded, and insured Contract Gold Processor approved by Trustee. The Contract Gold Processor shall have a minimum of 20-years of project management experience in the gold mining/processing industry. Contract Gold Processor shall process the previously mined gold-ore to 1 oz. certified 99.95% pure investment grade gold Liberty Coins.
Contract Gold Processor will administrate all operational aspects of the previously mined gold-ore including permitting, transporting, processing, refining of gold-ore and minting and physical delivery of Liberty Coins. Contract Gold Processor will report directly to Trustee.
Contract Gold Processor shall retain and manage qualified third-party sub-contractors to assist in processing the previously mined gold-ore including its permitting, removal, transportation, refining, minting and physical delivery, and that industry standard security, controls, procedures and accounting systems are utilized to ensure the previously mined gold-ore, gold concentrate, finished gold, and minted Liberty Coins are secured and accounted for at all times. Trustee can terminate Contract Gold Processor for cause or performance, where Trustee shall promptly appoint a replacement contract gold processor.
Ownership & Collateral
Liberty Coins convey direct ownership to the physical underlying asset itself; a recorded and fully transferable deeded legal claim for gold-ore owned.
Liberty Coin owners hold deeded legal title to the physical gold-containing ore piles from which gold is refined and Liberty Coins are minted. Each 1 oz. gold Liberty Coin is collateralized by a deeded legally enforceable claim against proven gold-containing ore reserves containing a minimum of 1 oz. of 99.95% pure gold, yielding a 1:1 collateralization ratio.
Additionally, each Liberty Coin owner has an enforceable legal claim (general lien) to the unsold/unpledged total tonnage of physical gold-containing ore, unsold/unpledged gold bullion, and unsold/unpledged Liberty Coins owned by the Liberty Coin Network.
Secure Exclusive Platform
Digital and physical Liberty Coins currently trade on the Liberty Coin Exchange at libertycoingold.com, where transactions are collateralized with proven gold-containing ore reserves protecting coin authenticity, theft, liquidity, delivery, and value. A more robust version of the Liberty Coin Exchange is currently under development with the capability to securely process millions of Liberty Coin purchase and sale transactions each month.
In the event any digital or physical Liberty Coin is traded elsewhere, it will have its collateralized protection immediately stripped and permanently barred from usage on the Liberty Coin Exchange. The Liberty Coin Exchange tracks the chain of ownership for each digital and physical coin using an immutable centralized ledger that creates permanent, fully transparent records which cannot be deleted or overwritten for each Liberty Coin purchase and sale transaction and account entry. The Liberty Coin Exchange’s centralized ledger technology is identical to that utilized by leading financial institutions and investment banks.
All centralized ledger transactions and accounting entries are independently audited by leading accounting firms to ensure conformance with all globally accepted accounting standards and universal transparency and account integrity is maintained.
Liberty Coin l Gold for the 22nd Century
