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Bryan
Bryan
14 years ago

I wanted post this here so people could see this. This may not be along the lines of the show. But it’s great news for our country!! http://thehill.com/blogs/on-the-money/banking-financial-institutions/132887-ron-paul-will-lead-subcommittee-that-oversees-the-fed?sms_ss=facebook&at_xt=4d011159ac6c0ad9%2C0

It appears Ron Paul got appointed to lead the Domestic Monetary Policy Subcommittee.

NWBowhunter
NWBowhunter
14 years ago

It’s a good thing. It’s going to be impossible for him to unravel 50 years of bad policy.

Brent Eamer
Brent Eamer
14 years ago

Jack, if one were to hoard pennies (In Canada, pre 1997)

How does one cash in if it is worth 2.5x

Since it is 95% copper, you have to get the impurities out, short of smelting it (1981F)

Richard
Richard
14 years ago

Heard about this from TSP. Thanks Jack

Therese
Therese
14 years ago

Great show, Jack and Rob. I pre-ordered some TSP copper rounds. As a crafter, I will be looking forward to being able to use this as an exchange with other like minded crafters, and to enlighten those who are not…yet! I know folks active in the Texas Ren Fairs, and they are going to love Rob’s idea of minting coins of the realm!

Jeanette W
Jeanette W
14 years ago

The currency I exchange with my rural neighbors: Goodwill.

Just today I was called by a neighbor to verify the condition of a dying animal and “give it a boost” so to say. This is something I can do for my neighbors and it has value.

That being said, whenever there is something my neighbors can do for me, they are always eager to help.

Gold, silver, copper? Yes! But let us not forget the value of being a good neighbor – far more important in a short term situation than shiny bits of metal anyways.

Blessings!

J

Scramblin
Scramblin
14 years ago

I am going to add my side gig to the AOCS Marketplace Jan 1. If anyone in the Seattle area needs the services of a front loader with operator, here I am. I have always accepted silver at a 20% discount.

http://www.facebook.com/pages/Normandy-Park-WA/Dirt-Works-J-Galt-Enterprises/140672825955869

I am going to try and get the Des Moines Farmers Market to get rolling with this next spring.

GREAT SHOW as always.

RationalHusker
RationalHusker
14 years ago

At least this is what a coworker of mine proudly exclaimed today! I was amazed it was all I could do to keep from laughing. I’m not saying gold couldn’t have a painful correction, but the notion that you’re better off in treasuries and GM stock than gold and farmland is the most ridiculous financial comment I’ve ever heard in a face-to-face conversation. Maybe I should encourage him to run for congress…he’d fit in well.
Sorry, this is a bit off topic, but very much related to metals and commodities. I posted this on the forum, but wanted to share it here, too.

I had a coworker confidently tell me that gold and farmland are bubbles waiting to burst, and that he’s putting his money in US Treasuries and GM stock!!! I’m pretty sure there most folks that frequent the TSP sites will be as flabbergasted as I was that people actually think this way. This tells me gold is still a long way from a bubble. If this guy is right, I deserve to loose all my money because it means I am 100% wrong about everything…

Man, I’m still just shaking my head…

LisaPainterGirl
LisaPainterGirl
14 years ago

Do you have any coupon codes to order silver from the AOCS site?

LisaPainterGirl
LisaPainterGirl
14 years ago

oh, and just ordered 25 TSP copper rounds
Thanks!

Imperial Goat
Imperial Goat
14 years ago

Really looking forward to listening to this later today. Right now, I can’t get Burl Ives singing “Silver and Gold” from Rudolf The Red Nose Reindeer out of my head.

I’m rolling out my side gig after Christmas, and will make silver one of the payment options. The AOCS marketplace looks like a good option as well.

David Galloway
14 years ago

Great interview Jack! I’m curious to hear more about how AOCS interacts with non-PM based local currencies such as the Ithaca Hour. Maybe I’ll fire off an email to Rob. I believe that the Ithaca Hour movement has been successful enough that the county/city government now accepts Hours for payment on taxes and other government fees. It’s a good system, but it’s a complete script system with no commodity backing so there is no value if the system collapses someday.

Gumpster
Gumpster
14 years ago

Other metals worth considering making into rounds? Scrap tin is going for $11.61 a pound. Scrap nickel is going for $10.77 a pound.

Scott
Scott
14 years ago

I am not sure I understand. But if the cost to produce the currency is more than the face value. there is not value in the currency.. So why would I pay more than market value of the coin, if it does not have the buying power of the face value..Someone please help me understand..

Chef Jason
14 years ago

Jack,
I’m not sure what you did with the audio today but this was the first interview show where I did not have to turn my volume all the way up to hear what was being said. Keep up the good work.

metaforge
14 years ago

Good stuff, pre-ordered 50 already.

Couple questions:

1. I’m trying to join AOCS as a merchant, but haven’t heard back from them. Do I have to wait for them to contact me, or can I just start accepting AOCS currency? Would seem the latter, just want to check. I imagine the contact is just to be listed in the upcoming merchant directory?

2. Are there any plans to do AOCS electronically? Perhaps a holding company who credits/debits between members accounts and actually holds the physical AOCS rounds? Perhaps this is a good business opportunity, as many of us have web-based enterprises, and it’s just always a pain in the butt to have people mail a physical coin.

Dan
Dan
14 years ago

Where can I find an online directory of merchants who accept AOCS? I spent a half hour on opencurrency.com but couldn’t find it and only want to buy some if I can know who takes it.