Liberty Coin Physical Ownership Claim Example
The below image shows a 3-D grid of a section of a mine’s proven gold-ore reserves with each cell representing Liberty Coin physical ownership claims within gold ore. The physical size of each Liberty Coin claim is dependent on several factors including: (1) concentration of gold per cubic yard of gold ore, (2) the weight of the host rock, and (3) the relative collateralization ratio of the claim.
For example, if the concentration of gold-containing ore in a mine’s proven reserves on average yielded .50 oz (1/2 oz.) of gold per cubic yard, it would on average require 2 cubic yards of ore to produce 1 oz. of gold. Note, for simplicity this example assumes one cubic yard of gold-ore weighs approximately one US ton (e.g. 2,000 lbs.). Therefore, if the collateralization of each Liberty Coin were 1:1, each physical ownership claim would comprise 2 cubic yards of proven gold ore reserves; a claim large enough to produce 1 oz. of gold.
Accordingly, assuming a $13,000/oz. gold spot price at 10-year delivery, Liberty Coin owners hold legal ownership to $13,000 in appraised gold-ore reserves for each 10-year delivery $1,000 Liberty Coin owned, yielding a collateralization ratio of 1:1 ($13,000/$13,000). In other words, every $1.00 of Liberty Coin investment is protected by $1.00 of appraised gold-ore reserves.
It is important to note that the 1:1 protection provided by a Liberty Coin owner’s physical ownership claim is in addition to the collateralization pledge of all unsold gold-ore, unsold gold bullion, and unsold previously minted Liberty Coins owned by the Liberty Coin Network, resulting in a very substantial amount of additional collateral. Accordingly, each Liberty Coin comes with two primary sources of physical collateralized protection: (1) a secured legal claim to the amount of physical gold-ore required to mint each Liberty Coin owned, and (2) a legally enforceable general claim to all unsold/unpledged gold-ore reserves, all unsold/unpledged gold bullion, and all unsold/unpledged previously minted Liberty Coins owned by the Liberty Coin Network.
Each mine’s gold-containing ore is subdivided into three-dimensional (3-D) grids, with each cell representing an individual Liberty Coin physical claim of gold-containing ore (typically 1 cubic yard of gold-ore weighing approximately 1 to 3 tons depending on the geology of the host rock). Assuming, ownership holdings of 10 one (1) oz. Liberty Coins and a gold concentration of 0.50 oz. per one (1) cubic yard of gold-ore, the 10 oz. Liberty Coin physical ownership claim would comprise 20 ownership cells measuring 1 cubic yard each, as highlighted in the above 3-D gold-ore grid.
In this example each 1 cubic yard cell of the ownership claim contains approximately 0.5 oz. of gold, meaning the entire 20-cell claim contains (on average) 10 oz. of fully refined 99.95% pure gold.
With Liberty Coin you stake an actual physical claim to your gold. With Liberty Coin the claim you stake is as real as pure gold.
Please contact Liberty Coin Network with any questions you may have concerning Liberty Coin ownership claims at [email protected].
