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Features Utah Summit mobi version sign up QREX Coins on eBay I buy and sell coins on eBay. Here are sample auctions for silver dollars and ounce bullion:	Nature's Vault People are silly. We waste energy, poison the land, and destroy to dig up precious metals that we bury in vaults. A better way is to save the energy and leave the precious metals in nature's vault. My proposal for the Utah Monetary Summit is to create a currency backed by the treasures left in nature's vault. To create such a currency, one needs to acquire the mineral rights for an environmentally sensitive area. The program would conduct a detailed mineral assessment of the resource. The assessment would conservatively estimate the amount of precious metals in the area minus the cost of extracting the resource. The NaturesVault program would issue serialized notes indicating the location and type of resource. The notes could include pictures of the habitat protected. In this design, NaturesVault owns the mineral rights to an area and is selling references to the minerals in the area. Owning a reference to a given amount of resources does not give one the right to dig up the resources. The NatureVaults certificates should trade on par with other precious metal backed securities. The notes are backed up by a scarce physical commodity of known value. The notes might become popular among rich nature loving investors who seek ways to invest in precious metals without the environmental damage of traditional investments. NaturesVault need not be restricted to precious metals. The resources could include coal, iron, copper, oil or other valuable materials. The site eia.gov lists the price of a ton of coal in the Uintah Basin at $41. A ton of coal from Dinosaur National Monument costs the same. We don't want to dig that up, but the coal could back a certificate that is worth about $41.00 and follows the price of coal. The mineral make up of an area tends to be complex. If an area was rich in iron, copper, and gold, then the program would produce notes for iron, copper and gold. People seeking to hedge against inflation might prefer buying notes for base metals as the prices are slightly less volatile than precious metals. Antelope Island is an extension of the Oquirrh Mountains, home of Kennecott Copper. It could serve as a thought experiment. Environmental groups would love a Nature's Vault program as it would allow them to hedge against inflation while protecting natural resources. Working with Sound Money The Nature's Vault program could enhance a sound money policy. For example, the Utah Legal Tender effort could issue notes backed by gold in the bank along with gold under state parks. Accepting the two currencies as equal would enhance both programs. Conclusion Sound monetary policy does not require substantial environmental damage. I contend that a well run program designed to monetize the resources sequestered in Nature's Vault would trade on par with resources dug up and re-buried in a bank's vault. Creating a Nature's Vault program would generate support among environmental groups and augment overall acceptance of sound money policies.

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Coins on eBay

I buy and sell coins on eBay. Here are sample auctions for silver dollars and ounce bullion:

Nature's Vault

People are silly. We waste energy, poison the land, and destroy to dig up precious metals that we bury in vaults.

A better way is to save the energy and leave the precious metals in nature's vault.

My proposal for the Utah Monetary Summit is to create a currency backed by the treasures left in nature's vault.

To create such a currency, one needs to acquire the mineral rights for an environmentally sensitive area. The program would conduct a detailed mineral assessment of the resource. The assessment would conservatively estimate the amount of precious metals in the area minus the cost of extracting the resource.

The NaturesVault program would issue serialized notes indicating the location and type of resource. The notes could include pictures of the habitat protected.

In this design, NaturesVault owns the mineral rights to an area and is selling references to the minerals in the area. Owning a reference to a given amount of resources does not give one the right to dig up the resources.

The NatureVaults certificates should trade on par with other precious metal backed securities. The notes are backed up by a scarce physical commodity of known value.

The notes might become popular among rich nature loving investors who seek ways to invest in precious metals without the environmental damage of traditional investments.

NaturesVault need not be restricted to precious metals. The resources could include coal, iron, copper, oil or other valuable materials.

The site eia.gov lists the price of a ton of coal in the Uintah Basin at $41. A ton of coal from Dinosaur National Monument costs the same. We don't want to dig that up, but the coal could back a certificate that is worth about $41.00 and follows the price of coal.

The mineral make up of an area tends to be complex. If an area was rich in iron, copper, and gold, then the program would produce notes for iron, copper and gold. People seeking to hedge against inflation might prefer buying notes for base metals as the prices are slightly less volatile than precious metals.

Antelope Island is an extension of the Oquirrh Mountains, home of Kennecott Copper. It could serve as a thought experiment.

Environmental groups would love a Nature's Vault program as it would allow them to hedge against inflation while protecting natural resources.

Working with Sound Money

The Nature's Vault program could enhance a sound money policy. For example, the Utah Legal Tender effort could issue notes backed by gold in the bank along with gold under state parks. Accepting the two currencies as equal would enhance both programs.

Conclusion

Sound monetary policy does not require substantial environmental damage. I contend that a well run program designed to monetize the resources sequestered in Nature's Vault would trade on par with resources dug up and re-buried in a bank's vault.

Creating a Nature's Vault program would generate support among environmental groups and augment overall acceptance of sound money policies.

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