2012-06-05 · Rob Gray
AOCS helps launch “Mulligan Mint”
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“A small brick structure came next, bearing the sign: Mulligan Mint. “A mint?” she asked. “What’s Mulligan doing with a mint?” Galt reached into his pocket and dropped two small coins into the palm of her hand. They were miniature disks of shining gold, smaller than pennies, the kind that had not been in circulation since the days of Nat Taggart…”That’s the money we use here,” he said. “It’s minted by Midas Mulligan.”" Ayn Rand, Atlas Shrugged
In the March 2012 AOCS Director’s Update, you may have read about how the American Open Currency Standard is currently working to help establish a full-service mint that will melt , cast , roll , punch , rim , bake and stamp raw silver, copper and gold into one-ounce rounds. This is a very exciting project that will result in the same great AOCS Approved products, congruent with our mission and vision, while costing less and delivered more quickly to the marketplace.
| The Background… ****As the economy becomes more precarious, the AOCS is compelled to play a more active role in the precious metals industry. Since inception, we evaluated and partnered with reputable mints to create our product lines. Each day, however, it becomes increasingly difficult to find reliable vendors that quickly produce a quality product at a fair price.Since our partners depend on us to make good recommendations on where trust can be placed, we are now required to step-up and eliminate some of the “middle-men” to protect both our reputation and your money. We invite you to be a part of it. **
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Introducing Mulligan Mint!
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By helping establish “Mulligan Mint” , our team is able to mint most AOCS Approved medallions at extremely competitive prices and with super-fast turn-around! Like any other business, they’ll need to focus on (3) critical components to operate the mint successfully:
- Volume :: MM is going to need to move A LOT of silver to get the best prices and to stay competitive. The initial capacity will be 8,000oz per day!
- Margin :: To be profitable, MM will have to keep the per unit operating costs low. The more efficiently they run, the less each unit will cost to produce. More volume = more profit margin in the product. As MM grows, these margins will be passed on to dealers to allow more profit in retail sales.
- Operational Efficiency :: The most important challenge faced is to stay operationally efficient. In manufacturing, if a machine goes down and people are paid to stand around, you’re losing money fast. Likewise, when you operate below capacity, your fixed costs drive the cost of producing each product higher. Once MM reaches capacity, they will be running at the highest output possible allowing for expansion and efficiency in every step of the minting process. Efficiency, again, lowers the unit cost creating better margins for our dealers.
Running a successful manufacturing facility requires Mulligan Mint to manage each of these components simultaneously. Without efficiency, it’s impossible to be profitable and competitively priced. We’re counting on our existing dealer network and competitive advantages to reach these goals! Mulligan Mint selected long-time liberty advocate, Constitutional scholar and Libertarian Party 2004 Presidential candidate Michael Badnarik as Executive Director. Michael’s dedication to freedom and personal philosophy make him the perfect choice for safeguarding the facility and holding our team accountable. The Mint Operations Director is retired Dallas Cowboy offensive lineman Phil Pozderac , whose extensive post-NFL experience in manufacturing makes him the right man for the job of bringing the mint equipment online and keeping it operating at peak efficiency. For two years, Phil hosted “Pozitively Unconstitutional” on the Republic Broadcasting Network. Mulligan Mint’s team of proven leadership is exactly what’s needed to succeed in the marketplace!
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What does this have to do with you?
Many of our fans have inquired about opportunities to get involved. Though Mulligan Mint is not offering equity positions, they do have two loan programs available for you to be a part of their success and profit at the same time!******** Mulligan Mint is seeking physical Silver loans to speed up the opening process and to be able to liquidate for initial raw silver purchases and other operational expenses. Here are the terms: Loan Option 1 – “FOUNDING FATHER” ****
- Minimum Loan Amount :: 100oz of Silver
- Loan Term :: 3 years
- Interest :: 5% annual
- Terms :: If you invest the minimum 100oz by end of June, 2012, your loan will begin repayment December 2012 at the rate of 4oz per month, totaling 115oz by the end of the term. By paying back the loan in physical silver, you need not worry about the effects of inflation and its result on fluctuating spot prices. (27 payments of 4oz plus a final payment of 7oz)
Loan Option 2 – “LEASEBACK”
- Minimum Lease Amount :: 1,000oz of Silver
- Term :: 3 months
- Incentive :: 1% for the term
- Terms :: This is strictly for inventory. Our goal is to ship orders the SAME DAY. To do this, we’ll need to have up to 50,000oz of silver in inventory. Let us lease your silver and pay you to use it!