NOTE: It is not illegal to own, The Secret Service simply pressured ebay to remove them in order to create that appearance as well as shut down the most active NORFED marketplace. If it is illegal why are they still on Amazon? http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Daps&field-keywords=norfed
The problem is that he said one thing.... return to trade in gold and silver....
But all he really did is allow himself to do is print a USD denominated note. He was printing something denominated in USD and the government does not like competition. If it was done like shire silver it would have been ok. If it was a receipt/coupon for 1 oz of silver in a vault it would have been ok. None of those things would have let BVNH print money denominated in USD like he did and he did not go that route.
While I do believe that currency competition should be legal in more forms, it is not.