Paper Bullion Bank Bill Features

It’s like a Gold coin, but better than a Gold coin. Because with a Gold coin, you really don’t know exactly how much Gold you are getting, if any. The coin could be clipped, shaved, drilled, and plated so it actually contains less Gold, or no Gold than it is supposed to contain. Gold coins are not self-authenticating. But Paper Bullion Bank Bills, when they get to a participating bank, are self-authenticating, once they are put through the authentication machine at the bank, which takes a few seconds and costs a few pennies to do.

The Gold in enmeshed and affixed within the fibers or molecules of the paper or plastic that the bank bill is made of. Up to about 30 grams. And, the value metal need not be Gold, it could be Platinum, or Palladium, or Ruthenium, or Osmium, or some other metal.

The front of the bank bill states what metal is in it, and how many grams of metal are in the bank bill. And how pure the metal is, where .9999 fine means 99.99% pure.

For the authentication to work there has to be something on or in the bank bill that is unique to that bank bill, because Gold is not unique. This 30 grams of Gold, is just like that 30 grams of Gold. To authenticate a thing, the thing must have unique properties, so no other thing in the world has those exact same properties. How to do this —

Paper Bullion Bank Bill does it with two things working in conjunction with each other. One is a seal made of various fluorescent materials, and the other is a chip, hologram, or QR square that contains a file number. Each bill has its own file number. Every file has a certain peaks profile shape. The peaks profile shape for any one specific particular bill is stored in a database in the authentication machine and can be looked up for comparison purposes to see if the shape looks like it is supposed to look for that individual specific bank bill.

That’s how the authentication is done, and how a Paper Bullion Bank Bill differs from a Gold Coin.

Or, it could be a Platinum family metal, or even another metal like Tantalum, or Scandium.

It must be a metal that is valuable enough so that 30 grams of it would be worth something as a trading commodity. So the metal could not be Iron, Aluminum, or Copper because those metals are not valuable enough at the 30 grams level.

On the other hand a Paper Bullion Bank Bill containing Gold could be issued at the 15 gram level, the 10 gram level, or the 5 gram level and still be valuable enough to be real money and a form of currency.

If the authentication machine says the bill you bring into the bank is authentic, then you have no worries at all about this or that metal. The bank will give you cash, credit, or a metal round according to the London Metals Exchange “fix” (price) for that day, for the metal the bill says it contains.

You can use Paper Bullion Bank Bills as money, and you do not have to become a metallurgist.

Like a Gold coin, Paper Bullion Bank Bill does not depend on your cellphone, the blockchain, the internet, the power grid, your i-phone, or the telecom system.

It is self-existing. You can hold it in your hand. You can transfer it to another person by handing it to the other person, just like you could with a gold coin. The transaction is not recorded, documented, observed, proof or worked, or documented on any ledger that all humans can have access to. Your transactions are private. Paper Bullion Bank Bill is a bearer instrument. Whoever walks into the bank with it, is assumed to be the owner of it. It’s like Switzerland — if you have the money, it’s your money, as far as Switzerland is concerned. Your privacy matters.

So, Paper Bullion Bank Bill is everything Bitcoin was supposed to be, but turned out not to be.

Digital money is not private. It’s totally public. It’s information. And powerful governments can get total access to that information. And socialist or communist governments have and will always have that total access. Bitcoin is the exact opposite of what it purports to be. It purports to be private money, but it really is the most public of all money — information that all powerful governments can see, based of proof of work, and the ledger entries on the blockchain which is a widely distributed public record.

The patent — US 10,176,661 B2 expires on 18 July 2036, and there will be some person or persons who learn of this patent before it expires. It is currently valued at $2 million, and for sale by owner, Robert Fenton Gary, at Hunter Hill Drive 21742-2588. If you are a big bank, you can make at least $20 Billion on this patent before it expires and you get all the trade secrets and follow on patents in addition to first to market advantage. So, you could make a profit. $20 Billion is more money than $2 million. The patent can only be sold one time to one buyer. If you are not the first, you are not that buyer. Today is 29 June 2023.

The patent is called “Method to Authenticate Value Documents or Items”, and you can download it in the next 34 seconds from my bookshelf at Amazon.com