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<p>[QUOTE=&quot;charley, post: 25442988, member: 5372&quot;]Posted. The simplicity is in the simplicity. The FR or its member banks can not sell PMs or offer to buy PMs.</p><p><br /></p><p>A person comes in with PM coin, and deposits (or exchanges) for the stated face value for Cash at the same value as the stated value. Explain how the rolling value of the PM is accounted for under the FR stock member restrictions.</p><p><br /></p><p>Yes, yes, people deposit or &quot;cash in&quot; pre 64 silver coins that have been saved in the coke jar, etc., without realizing the PM value. It is still accounted for at the stated face value. The pieces can be exchanged to another customer, or the Bank employee can do so (however, if the employee knowingly does so for profit and does not report to the bank authority, it is a violation of the FR By-Laws).</p><p><br /></p><p>The PMs are separated via a TP inspection facility/depository, and reportable as excess assets on the FR Balance and must be transferred to the U.S. Treasury.</p><p><br /></p><p>Then there are the FR non-member Banks, if you want to explore that path...loaded with IEDs.[/QUOTE]</p><p><br /></p>

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