Are the days of cheap gold and silver numbered?

Us/Russian tensions

As recently reported on Zerohedge.com it is rumoured that Russia will not take kindly to the proposed U.S. sanctions.  If Russia does in fact move to decrease it's dependency on the U.S., it could have a drastic effect on the dollar.  As in times past, a weakened dollar could send prices of gold and silver through the proverbial roof.  If the situation escalates, will we see an end to cheap gold and sliver? … [Read more...]

Moving on from Mulligan Mint

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Once upon a time, and for a very short while, stacking silver with the Mulligan Mint was a lot of fun. For several months, customers flooded the websites of Silver Bullet Silver Shield, Coins for the Cause, TSPMint, Agorist Metals, M2 Factory Story and a number of others, all to acquire exciting silver, copper & gold coins that meant more than boring bullion. All of these projects were brought to life by me, Rob Gray, my brother David, Eddie Allen, and the team we built along the … [Read more...]

Just saying Bitcoin is like saying bomb on an airplane

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You can’t say “bomb” on an airplane, as Ben Stillerfound out the hard way in Meet the Parents. Apparently, you can’t say “Bitcoin” on your website, either, without eliciting the same hysterical reaction from the banking establishment. Presently, Mulligan Mint does not accept Bitcoin in exchange for any of its products. As an alternative currency, Bitcoin actually competes with the American Open Currency Standard. However, we do respect and admire Bitcoin and it’s community for taking a … [Read more...]

Big Horn County News: “Launching Scouts”…

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By Andrew Turck Big Horn County News Nearly a thousand tribal members in colorful powwow regalia surrounded the arbor Friday night at Crow Fair, the largest gathering of Native Americans in the Northern Plains, as Chairman Darrin Old Coyote put a new economic currency to the test. The “scout,” by way of executive decision, is now the official mint of the Apsáalooke Nation. “As the great Creator guides us forward,” Old Coyote said to the crowd, “may this action help to ensure our … [Read more...]

Community merchants benefit from community currencies

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Community currencies benefit the community as a whole on several levels, both social and economic. They foster a sense of pride of ownership in the community and encourage local cooperation. They protect individuals against inflation, meaning their accumulated wealth can help them realize their own dreams instead of being redistributed to politically-connected corporations. They even benefit community leaders, who benefit from the job-creating and other economic effects of establishing a local … [Read more...]

Community currencies have a long history

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With the U.S. dollar at a historic low and the Federal Reserve continuing to inflate, interest in alternative currencies is growing. Newcomers may think community currencies are a recent phenomenon. Actually, community currencies have a long history even here in the land of the dollar. The 1930’s saw an explosion in the launch of local currencies. The severe deflation of the Great Depression combined with FDR’s decision to take the U.S. Dollar off the gold standard domestically (it was still … [Read more...]

Community leaders benefit from community currencies

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Community currencies empower individuals and local businesses to take control of their financial futures back from central economic planners and Wall Street. That doesn't just benefit producers and consumers. It benefits the community as a whole. Community leaders take note. The clearest mandate from constituents to community leaders during tough economic times is for polices that will create jobs. That usually means getting local government out of the way of job creators. Encouraging … [Read more...]

Community currencies benefit consumers as much as local businesses

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With all of the benefits community currencies can bring to local businesses, the benefits to individual consumers are often overlooked. These include social, economic and even environmental benefits. Participating merchants have an incentive to encourage use of local currencies. They often give substantial discounts to customers to use them in lieu of U.S. dollars or credit. One reason they can do this is the local currency will increase in value over time, while fiat currencies lose … [Read more...]

Crow Currency: “Not Dollars but Scouts”

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Ceivert LaForge hopes that people buying and selling goods and services on the Crow Indian Reservation are soon dealing with "scouts," not with U.S. dollars. The scouts would be copper, silver and gold coins created and issued by the Crow Tribe, a "sovereign currency" for what is already a sovereign nation. "We're not looking to trade clams or wampum anymore," LaForge said. "We're looking at trading gold and silver." … [Read more...]

Is the U.S. Dollar out of borrowed time?

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Longtime critic of the Federal Reserve and hard money advocate Ron Paul debuted his new online channel on Monday. Paul maintained his position that the U.S. Dollar is being systematically devalued and that a “dollar crisis” was inevitable. He said that he just couldn’t predict when it will happen, whether its months or years away. That’s a view that’s been shared by economists who agree with Paul on economics. That may be changing. Jim Rogers has long described himself as “the world’s … [Read more...]