*** As of 9/23/2024 the Dai People unanimously changed the direction of the Kingdom of Dai to move from an economic development organization concept to a faith-based community organization concept. Changes to this website are being made to reflect this new direction. This website will cease to operate upon 01/15/2025. ***
Originally meant to only work with precious metals for the purpose of making and selling precious metal bullions, what was originally Regency Precious Metals will now be Shiloh Metals, Mining, & Manufacturing Co.
Now under the community’s ownership operations will expand beyond precious metals into industrial alloys including but not limited to the forging, casting, and machining of bronze, brass, and steel products on a per job contract basis in addition to the gold, silver, and copper bullion it was initially created to produce and distribute. After the discovery of gold and other metal deposits in the local area it has been proposed that the company also actively participate in the mining of claims that the community can acquire.
Concerning precious metal bullion, the company will still maintain and use its arrangement through Regency Mint in Orem, Utah to produce and sell agreed upon silver and gold bullion pieces, but for denominations and “stock bars” that Regency Mint can not produce, the company will produce and store such metals for later purposes when needed for future projects. The original intent to produce and sell 1,000 Troy Ounce runs of 1/4 Troy Oz, 1 Troy Oz, 5 Troy Oz, and 10 Troy Oz bullion pieces for sale and for use in the Dai economy of sterling silver and fine gold is still intended.
The Exchange system, now updated to reflect the changes in metal exchange rates, still holds at 100 Copper Troy Ounces in exchange for 1 Sterling Silver Troy Ounce, and 100 Silver Troy Ounces in exchange for 1 Gold Troy Ounce. New 2024 U.S. Dollar amounts has updated the current exchange rate of Dollars to Sterling Troy to be $25 to 1T Sterling Silver for trades. The originally planned online exchange and marketplace system in Sterling Troy has hereby been cancelled due to the community acquiring the company.
During the initial conceptualization for Shiloh Precious Metals, the Regent and the Dai Council recognized that the Founding Fathers created an economy based upon use of a “Silver Dollar” via the U.S. Constitution that has a stable, intrinsic value due to its natural rarity, but is common enough to be used in everyday trading. The current U.S. Dollar backed by the Federal Reserve is a fiat, debt-based currency which has no actual value behind it and as has been shown over the decades, has lost and continues to lose value due to the mistakes made by the Federal Reserve in managing and manipulating its value. The failure of the U.S. Dollar is thus now inevitable in due time.
The Sterling Silver Troy Ounce is the backup plan to that eventual failure. Despite the inflation of U.S. Dollars in relation to commodities, silver’s relationship to these same commodities has remained relatively stable and will be in darker of economic times.
Be prepared with the appropriate means of exchange. Be prepared with the Dai Troy.
