The Universal Automatic Instant Money, Data and Gold Transfer
Machine, Uncle GEM V,
system is a multiplicity of devices on a communications network available 24 hours a day, used interchangeably as sender,
receiver and dispenser of funds and data. The sender accepts standard currency and includes removable medium storage devices to transfer to another such device acting as a
receiver / dispenser. Remitted amounts are inserted or deducted from credit / debit accounts or currency and who pays the fees charged is indicated by an initiator of the transaction. Transfer transaction information includes: the type of transfer (money / funds or data); which device deducts the fee; how much money or what data to transfer; and to who and where the transfer transaction is to be made available All
Precious metal coins and currency can be Digitally imaged and viewed in real time at anytime throughout this process. A
receipt is generated by the sender via the
system and a
receiver becomes a dispenser when the recipient retrieves a pending transaction using the appropriate
password or identification. The cash, data, or financial instrument is then dispensed. The Uncle GEMs also feature acceptance of alternate
payment options, such as,
precious metal coins, i.e., gold, silver
platinum rhodium, and precious stones, i.e. diamonds, sapphires, and rubies. In essence, virtually anything can be bought, purchased, bartered, traded or sold.The Invention is also an Anti-counterfeiting and Anti-terrorism device,
machine, process, method and
system. It can deter and prevent terrorist attacks upon the US and global monetary systems by using precious metals, i.e., gold, silver,
platinum or
rhodium, that can be instantaneously authenticated by
assay means and cannot be easily printed, duplicated or counterfeited.