I agree that this guys competing currency is odd. It seems to be more of a political statement to me, than a genuine currency. If he had called it something e

I agree that this guys competing currency is odd. It seems to be more of a political statement to me, than a genuine currency. If he had called it something else and convinced people to use it, then I wouldn't see the problem. If he had just minted gold and silver coins with a stamped weight on them, then they would stand a chance of being actively traded. But then maybe he knew they would be hoarded. To be honest, I don't know the ambitions of an aging hippie with links to the 'bunker' movement. From what I have read on this case (and I haven't read much) the coins do actually contain precious metals as a backstop to their value. Not so the US currency - although I hear the nickel now has a higher metal content than the face value.