My Silver Story

Fri, 03/09/2012 - 12:53 -- webmaster

I've had lots of people ask me how I got involved in precious metals. Its not the most exciting story, but people seem to like it so here it is.

How it should have started

Back when I was in the army, I once went with a friend to a pawn shop. As he drove, he explained that every paycheck he went and bought one ounce of silver. I don't remember a lot of the details, but I do remember thinking the piece he picked up was interesting, but I really didn't "get it".

At the time, either 1985 or 1986, silver was selling for about $5 or $6 per ounce. If I had understood the value and really listened to his plan, I could have done the same. If I had, by now I would now have over 600 ounces of silver. At today's dollar price that would come out to over $20,000 worth. Now in the big picture that's not a whole lot, but it is something almost anyone can do; and it would have been totally anonymous - there need not have been any records of it.

And of course, as my carreer progressed I almost certainly would have been buying more than one ounce every two weeks, so the total would be significantly higher.

But of course that's not what I did.

My life as a DOG

Jump forward a dozen years, past college and into my coding heydays. I had fairly steady work as a C++ programmer, which was fun and challenging as well as lucrative. At times I was maxing out my 401K and was learning about investing on my own. I was also learning about libertarianism and Ayn Rand's Objectivism. Dave, a friend I'm not sure how I met, was also studying Objectivism and he put together a group to read and discuss philosophy. We called it Dave's Objectivist Group, AKA DOG. We would meet regularly at Dave's house in Minneapolis, and enjoy an evening of talk with an ocassional beer.

One meeting, just before Christmas, I was the first to arrive. Because I was first, I got the best gift: a $5 warehouse receipt for a half ounce of silver. This was one of the first Liberty Dollars, and it intrigued me. I spent a little time investigating it - after all, it was new and seemed like it might be a scam. But I put in a small order and soon became more involved as a Regional Currency Officer (RCO). The price of silver hadn't changed much in a dozen years, but that was soon to change.

Where it begins

I tried "spreading the gospel" some in Minnesota, but got a lot of resistance to the idea. Finally, as chair of the Libertarian Party of MN, I had enough of the futility of trying to change things there so I joined the Free State Project. I moved in the spring of 2005, and soon found that New Hampshire folks were significantly more open to non-government solutions. The amount of small businesses here was astonishing when compared to Minnesota.

As luck would have it, just as things were really getting organized here to promote the Liberty Dollar, they got raided. A core group of sound money advocates kept working on the problem though, and soon Shire Silver was on the scene. I've been putting a lot of effort into that since, and it seems to be finally taking hold. New Hampshire seems to be the place where we'll see a resurgence of not only the belief in, but the use of, sound money. PorcFest is just the beginning.

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