Raising the Roof Over Debt Limit

debt clock

The airwaves are going to be flooded with talk of Congress' debate over raising the US debt limit. Most of those making noise will be justifying their support of raising the ceiling because, let's face it, if a few players on Wall Street can be considered  "too big to fail", there is no chance that the government that has aided in keeping them from wearing a scarlet letter "I" will be allowed to be branded guilty of the same crime of "Insolvency". The problem Republicans have is that many of … [Read more...]

Copper Is King

copper.is.king

For some time now I've listened to friends such as Don Harrold, who have built successful careers on the basis of their powers of foresight, saying to me that they like our moves into copper. As Don put it to me some months ago: "Copper is the people's metal." It would appear that the market is proving him out, as it often does. While there weren't many making that call (who can spend their time worrying about what penny-ante commodities such as copper will do anyway, right?), and as more … [Read more...]

New Highs Mean More in Metal

silver and gold AOCS display

Today gold slipped past the $1270 mark to top out for the day at just below $1276 at one point, while silver closed at an asking price of $20.50. With so many indicators that confidence in the greenback is faltering investors both foreign and domestic are making an exodus from the market resulting in the dollar hitting a 15-year low against the yen and a nine-month low versus the Swiss franc today. The latest motivator for traders to seek the shelter of commodities was the grim economic data out … [Read more...]

Copper or Candy?

halloween-candy

Have you thought of giving out AOCS copper to trick or treaters as a Halloween candy alternative?  You will be amazed at the difference it will make. Halloween is coming up and with it an astounding amount of stress surrounding the tradition of trick or treating.  The problem is the candy.  There are many children around the country who no longer can tolerate the refined sugar and many of the other chemicals in commercial candy due to various chronic conditions.  There are also an … [Read more...]

A Currency’s Value: The MarketPlace

AOCS Marketplace

Our MarketPlace, for no good reason, still happens to be the most overlooked component of the AOCS model. First, our core team is missing a MarketPlace Director. Without someone accountable driving the growth of the MarketPlace, it merely wanders aimlessly in the seas of distraction. We still desperately seek the right fit for this position, though it may be possible at time of writing that we actually found it[!]. You'll know when to get excited. But why does the MarketPlace matter? The … [Read more...]

Bimetallism and Trimetallism

Copper demand grows as merchants look to facilitate increased demand for trade.

The basis of the American Open Currency Standard is pure .999 fine Silver. In fact, one of the few things the AOCS actually does is define the relationship between Currency Trade Units and ounces of fine silver. In a nutshell, it's the main reason we exist. According to the Standard and present live market price of silver, a single ounce of AOCS Silver represents fifty trade units. If a one-to-one comparison is made between AOCS trade units and the US Dollar, one could argue that the … [Read more...]

Facing Up to Face Value

Detail of face value from AOCS Approved medallion.

I am often asked about the face value when I’m speaking to a merchant, potential currency officer or customer about AOCS silver and the AOCS model. Where does the “fifty” come from anyway? Who decided to value an ounce of silver at fifty and why do we need to even bother with a face value? Sometimes these questions are followed by a stated conviction that we should let the free market decide what our silver is worth. The method for face value determination is explained here: … [Read more...]

AOCS & Liberty Dollar Compared

LD Image1

As many reading this may quickly point out, the Liberty Dollar is not gone.  It is dormant, possibly hibernating, patiently awaiting its day in court.  I would like to take a moment to point out a few similarities (and significant differences) that will help the American Open Currency Standard from attracting a similar fate. - AOCS Approved medallions are not dollars.  Though many struggle to actually define a dollar (is it a unit of measure, a weight in Spanish Silver, or something … [Read more...]