The Explosion of the Mexican Bonds

They go by different names; White doves, blue doves, red doves, you name the doves ... "vintage gold-backed bearer bonds" issued by the Mexican government. What has caused the sensation on the trade in historical debt instruments seems to come from rumors that the "allegedly authentic" certificates are more than mere collectibles because they "supposedly can somehow still be used as securities in sophisticated trading programs". These rumors have been created by a global network of buyers and sellers, brokers and scammers, legitimate collectors and investors, and convicted fraudsters selling nothing more than hope.

The truth is that Historical Gold Bonds are collectors' items. These historic bonds that were issued to fund building projects of different sort, even private corporate enterprises, such as railroads. From the collectors point of view, some are rare and therefore command a relatively high price among them.

Please remember that a bond is a Promissory Note (i.e. Debt), issued by a corporation or government toward the completion of a project. A Bond is a means for that corporation or government to borrow money from the general public in small individual increments. In return for the use of the Bond owner's money, interest is paid on a pre-determined schedule. All bonds have a maturity date. On that maturity date, the Bond owner can cash in the Bond for his original investment amount and any interest due. The bottom-line is that all bonds, regardless of where are they issued they close after a reasonable amount of time. In other words, if you do not cash them in a timely manner they are no longer redeemable.

The only Bonds backed by the United States Government are issued by the U.S. Treasury Department. See the U.S. Treasury Department's Bureau of Public Debt web site for more information relating to Bonds and U.S. Treasuries.

Be alert for scams. Historical Gold Bonds are a "popular commodity" in the UNDERGROUND NETWORK. The most frequently offered are Pre-World War II German Gold Bonds. After that come Railroad Bonds. All are stated as being redeemable, frequently in gold. Specially now with the prices of gold and the uncertainty of many of the currencies people are looking for ways to hedge against currency devaluation. These individuals purchase these bonds as an investment instrument, which they are not any longer.

In the process of the acquisition of these bonds, you are made to jump through an infinite variety of hoops involving bank-to-bank transfers and private meetings. You are offered so-called authentication documents attached to impressive appraisals, often supposedly drafted by attorneys, accountants, bank officers, and dealers. Many times these scams there seldom any Bonds of any kind. If by chance the fraudster does have an old Bonds in his/her possession that actually belong to them, they are only worth the collector's value. If you are collector, you may be interested in them as such as a collectible item. The same way that some people collect baseball and basketball cards. They do have a historical collectors' value and that is all. However, they cannot be redeemed for gold nor expect the issuer government to pay you some "past due interest". They cannot be leased or used for collateral to enter into another scam - the HIGH-YIELD INVESTMENT PROGRAM - and they cannot be used as collateral to purchase a LETTER OF CREDIT or TREASURIES, all of which you may be told by these fraudsters or a middleman. They are no longer a valid financial instrument.

Remember: If it's too good to be true....