Uncle Gem V, Universal Automatic Instant Money, Data and Precious Metal & Stone Transfer Machine

Abstract

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.

Description

SUMMARY OF THE INVENTION[0001]The invention is related to devices used to transfer funds or currency by electronic means. It is well known in the art that the money transfer industry requires an agent, usually a franchised store's clerk accepting cash or credit, and using telephonic or EDI means to transfer funds from one individual at a proximal location to another individual or entity at a distal location. MoneyGram, Western Union, CyberCash and others operate in this fashion.[0002]The invention presented is not limited to requiring a physical person, telephonic means, or EDI based means to accomplish a funds transfer. Instead the invention utilizes a device that should be considered a hybrid apparatus, drawing on aspects of both a vending machine and an automated teller machine (ATM). Both are well known in the art of electronic money handling devices.[0003]The instant invention is a new apparatus and system method & process that enables people to send and receive normal conventi...

AI Technical Summary

Benefits of technology

[0005]The instant invention allows anyone to interact with the internet world wide web and other communication means and have the simple choice of sending or receiving any currency of any denomination type and also allows them to receive or send precious metal coins anywhere and this is possible with or without having to have a bank account. The instant invention will allow anyone on the planet to have the right and ability regardless of race, religion, culture, ethnicity, creed, organization or color, the natural right to buy or sell anything on the globe.

Problems solved by technology

However, the gold and other metals are stored in their vaults for safekeeping and the danger of this is human nature.

Currently with the extremely high deficit in the trillions, our nation is highly vulnerable to economic insolvency, possible currency collapse, hyperinflation, international monetary blackmail.

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