Walter Ryan-Purcell has purchased pure silver and copper coins which have a market value of anything between €1 and €20 and is encouraging people to seek them in change from his Loughbeg Farm food stall.
“When you buy some food products you can get your change, if you like, in real money with a value, silver,” he said.
“The euro is on the brink and currencies internationally are under serious pressure. Quantitative easing, or simply printing money with no real value, has been going on in the US over the last few years and is about to start in the EU in the next few weeks.”
Walter maintains it would be great to have a local/national currency as well as an international currency.
“The silver and copper coins are the next best thing, or even better. The price of silver can fall and rise on the international markets. It’s pretty low at the moment. If the international monetary bubble bursts at least we would have a real currency of silver and copper coins to work with in West Cork.”
Walter believes each EU country should prepare for reintroducing its national currency.
“The political landscape in Europe is too disparate for a single currency to ever work. The major powers will probably ask next for each member state to give up their central banks in favour of the European Central Bank taking full control of all EU banking. Hopefully Ireland will resist such a move as it would be the end of independence.”
He orders his coins from Guernsey and they arrive within two days. He sells Loughbeg Farm produce at Schull and Skibbereen farmers’ markets.