Forget Gold and Silver: Collect Nickles?

I'm assuming someone like Kyle Bass has some contingency for that (which he may not state in public). There is also the power of trade and barter based on people's perception or acceptance of value for the coinage. In the future one may accept payment for something and ascribe more value to a real nickel than it's nominal 5 cent value (which will be further eaten away by inflation over time). It's very likely that the metallic value of coinage will exceed that of paper or "fiat value" for certain US bills sometime in the not too distant future. Look at what happened to      pre-1964 US silver dimes, quarters, half dollars and dollars. They are now worth multiples of the face value.

There's also the fair question, at what point after the gov't continues to enact hundress or thousands of laws that much of the public disagrees with (for example the Patriot Act, NDAA, SOPA, PIPA, mandatory vaccinations, natural food and supplement bans and restrictions, gun restriction, etc...) do people just begin to just say "FU" to the gov't and ignore certain laws.

IMO, the laws of the land must have the clear consent of the majority of the people. Just because a corrupt and criminal congress enacts a law it does not make it right, just or representing the will of the people.

As the gov't tyranny and corruption grows more people will fight back once pushed to the edge. Only the uneducated, naive, indifferent and easily corrupted will blindly follow the gov't mandates down the rabbit hole. Unfortunately, that still is ALLOT of people, likely a slight majority for now. I do think more and more people are waking up though.

Turn off the news and don't rely too much on mainstream press for your info. Do your own homework and thinking. Question things more, apply outside-the-box thinking and ask the question "WHY?" more often. Apply "Lateral Thinking" to your situation and problems. Prepare and learn to defend yourself in more ways than one. Good luck!

JG

RON PAUL 2012

DEFEND THE CONSTITUTION & LIBERTY

I agree, developing independence and sustainbility as far as food and energy is a critical part of the solution. I know it can be a difficult but forming phyles or "like-minded commmunities" helps. It's very difficult to do all of this on your own.

Also, I highly encourage building home-based businesses that can operate worldwide via the web and as a back-up be able to provide products and services locally without over reliance on the web in case the web goes down or is censored.

Creating relationships with people that participate on boards like this, building consensus around mutually beneficial solutions and then creating exciting plans that inspires action and strategic execution is key.

Best of luck Mirv,

JG

However we buy $100 boxes of rolled nickels from our bank almost every week.
We have them on the floor of every closet in the house!
Most people would not even notice that they are there....
As to the question of whether we would ever be able to melt them down, i have to admit, that part bothered me when we first read James Wesley Rawles blog about buying nickels.

But just today, We bought another bag of 90% silver dimes and paid $2.00 each.....and you can't melt those either.
Just sayin.

I store it all the time, about one year before i spread it around. the only piece of equipment i own i won't stand behind is my manure spreader.

robie,husband,father,farmer,optometrist

There must be alot of it stored in DC

There you go.  How about if we emptied out the Whitehouse and Capital and stored the stuff there.  Surely, it'd be of more value to the populace than the present occupants.

This is a timely article for this thread.  Some good thoughts and worth a read:

http://lewrockwell.com/orig10/rawles10.1.html

Yes, I'm familiar with Bass and quite familiar with copper.  In addition to having been an investor in and out of copper and copper producers for decades, I was also an employee of Phelps Dodge for a short time (and if you know anything about copper, you know about Phelps Dodge) and live in one of the richest copper mining areas of the country.  In fact, the largest piece of float copper ever found was found here ... essentially a 40 TON nugget of essentially pure (more than 99% fine) copper.  I was mistaken about the nickel hoarding for nickel but the same mine I mentioned will also be producing copper.  In addition, there are a multitude of copper mines that have been shuttered as well as potential mining sites, all of which will be brought online again when the price rises sufficiently.  And the situation here isn't much different from the multiple other copper mining regions of the world either.  Regarding research, have you ever toured or worked in a copper mine, whether underground or open pit?  Or visited a refinery or a production facility.  It's a little different doing on-the-ground onsite research versus getting second hand information reading about something on the Internet or a few books.  And personal contacts are second hand information as well.  I've done quite a bit of reading and research on copper and most other base and precious metals and I promise you, you'll learn things from first hand experience that you'll never acquire with book learning.  I'd suggest getting out in the field and doing some additional research.

Regarding the whole nickel investment thing, I just think it's a bit of foolishness and self-deception but if it gives folks solace as to their security, who am I to argue.  It seems like neither Erik T nor myself have been particularly successful in talking people out of such things as PSLV and I doubt if I'll be successful in talking people out of hoarding nickels either.  Plus, I have a hard time imagining that Bass would bother with such small time silliness but YMMV.  He's got better things to do with his time and money.

You're not getting my point.  If he wanted to invest in copper, I can't envision him buying nickels which have to be melted down and then refined (costing time, effort, money, energy, transportation and handling costs, and equipment) to get pure copper.  If he wanted copper, he'd just buy copper.  And if I wanted to hoard copper, I'd buy 220 lb. billets and stack them and paint them like fake lolly columns in my basement.  Do folks here just think they're going to melt nickel in a pot in the backyard and have it conveyed by magic carpet to a refiner who's going to buy it at spot price?  I have all the things you mention above and significantly more and still, still, I wouldn't for a second consider investing in nickels.  Someone's funning with folks and having a laugh at their expense.  IT'S A HOAX!

For Pete's sake, next they'll be having people buy navel lint for fire starter because it's rare, natural, and highly combustible. 

This stie says it better than I can... the advantages of having a few coins stacked...

http://valuesystem.livejournal.com/50672.html

Our currency, here in the US.. used to be backed by gold. The change we carried in our pockets were made of silver, copper, and nickel. Our paper money is now just paper, and all our coins are worth just a fraction of their stated value due to being made out of clad materials. Only the nickel survives and it is will likely be replaced with steel in the next year or two.

I saved silver coins from the days when I could get them at face value. They are now worth multiples of that. Copper pennies sell on eBay for 2 cents a  piece. Three years from now nickels will do the same, that is, if we don't have hyperinflation.

Nickels are a bullion form of nickel and copper Just like Eagles are to gold and silver. Unquestionable authenticity, priced less than spot, accepted as currency anywhere, and in a worst case hyperinflationary event a potential windfall. So why not stack a few?

TD