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Methods of Payment

Innovatia is a privately-owned laboratory in Belize. All orders are filled upon receipt of payment. Expect shipment of orders within 3 to 10 days from receipt of payment.

Payment methods:

1. A Western Union money transfer to "Dennis LeRoy Feucht" in BELIZE is the preferred form of payment. Innovatia is the laboratory of Dennis Feucht. Send MTCN of receipt to Innovatia.

2. A check from a personal or company bank account or bank check, drawn on a U.S. or Canadian bank in US$ with payment to Dennis L. Feucht is acceptable.

3. Because of the volatility and uncertainty of the global financial system, Innovatia prices might be given in ounces of gold (Au) or silver (Ag) coin. Gold or silver coin is also an accepted form of payment, sent in a letter pack and legally declared as a collectible via a tracked courier such as DHL. (Confer with Innovatia for large purchases to be paid in commodity money.) 

Note: This might seem unusual but so is the global financial situation, with currency wars and increasingly unstable fiat currencies. Innovatia supports a return to commodity money instead of currency based on trust in financial institutions run by strangers. Crypto-currencies are not presently accepted.

Convert between gold and silver weights and US dollars according to current spot prices found at www.kitco.com. Multiply the spot price by 10 % for coin pricing. Coins can be from any major country, valued by weight. For gold at $2000 US/oz and silver at $20 US/oz, the following proportionalities apply for coins.

oz Au

US$

0.1 

220

0.2

440

0.25

550

0.3

660

0.4

880

0.5

1100

0.6

1320

0.7

1540

0.75

1650

0.8

1760

0.9

1980

1 2200

oz (g) AG

 

0.1

2

0.25

5

0.5

10

1

20

1 troy ounce = 31.10 grams.

Coins can be obtained from local coin dealers in exchange for fiat currencies. Any minted bullion (metal value only, not numismatic or collector) coins are accepted, including U.S. gold or silver Eagles, Canadian Mapleleafs, Austrian Philharmonics, South African Krugerrands, Australian Kangaroos, Chinese Pandas, Mexican Centenarios, or others. For silver coin payment, U.S. "junk silver" (pre-1965) dimes, quarters, half-dollars, and dollars are also accepted. Nearly anything you mail of the right weight, included commemorative coins, will be accepted, to encourage redevelopment of an honest-money economy.

For details on the legal and historical aspects of U.S. money, see the two-volume reference work on the subject, Pieces of Eight: the Monetary Powers and Disabilities of the United States Constitution, by former Supreme Court attorney and leading legal authority on U.S. money, Edwin J. Vieira, Jr. An early draft copy prepared for a U.S. commission on money is available in PDF at www.mises.org.

 

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