Gold and Silver Legal Tender

THE GOLD ADVANTAGE

Zero tax penalities and depreciation.

Since the era of President Reagan, the Treasury of the United States has consistently produced U.S. dollars in the form of gold and silver coins, which hold the status of legal tender equivalent to Federal Reserve notes.

This designation ensures that transactions conducted using gold or silver coins are not classified as barter transactions, thereby exempting them from associated taxation. By opting for these U.S.-minted gold and silver coins, individuals can insulate themselves from the devaluation risks associated with the Federal Reserve Note, all while sidestepping the tax implications typically tied to bartering involving assets such as bitcoin or other non-legal-tender precious metals.

“L1feGold's integration with L1fePay, which will soon allow us to accept payments in gold and silver is a game-changer. But maybe we're a bit biased right?”

Michael Rice

Chief Architect - L1fe Tech

FRACTIONAL OWNERSHIP

Fractional ownership of gold and silver assets.

U.S. minted silver carries a face value of one dollar per ounce, while U.S. minted gold holds a face value of fifty dollars per ounce, allowing members to own fractional amounts of coins. For instance, possessing five and a half ounces of silver would reflect as $5.50 silver dollars in an account, and owning half an ounce of gold would display as $25 gold dollars.

Additionally, Goldbacks are available, offering convenience for small, in-person transactions and representing an innovative form of Sound Money by enabling the exchange of small units of physical gold. They can be vaulted at no cost through our service. Although initiatives are underway to grant Goldbacks state legal tender status, they are not classified as Federal Legal Tender like U.S. Minted Gold and Silver coins.

Nobody vaults
it better.

L1fe's trusted, 24x7x365 US-based support team is here to help you, even during federal holidays.

Low-fee, affordable memberships

Trusted & consistent vault security

Assets insured at 100% of value

Reliable service for buying/selling

Enter to win a free Goldbacks valued at over $5,000.

To enter, please enter your phone number below. The winner will receive a text message on May 1st, 2024 with details on how to claim their Goldbacks.

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The information provided in this website is not intended as legal advice but is simply background information to assist you in deciding on legal counsel. Each case is distinctive and individual and no information provided here should be relied upon in deciding the merits of your case without personal consultation with legal counsel. Further, the laws may change since this website was developed. It is important that you discuss your case with competent legal counsel as soon as possible to properly protect your interests.

L1FE Constitution

Terms

Gold and Silver Legal Tender.

* Memberships do not require a credit check or identity verification, unless applying for a VISA card.

Michael Rice

L1fe's trusted, 24x7x365 US-based support team is here to help you, even during federal holidays.

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