Forget Gold and Silver: Collect Nickles?

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  • Thu, Jan 19, 2012 - 04:01am

    #11
    earthwise

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    Sold!……….

ao wrote:

 

BTW, a friend of mine has a bridge in Brooklyn that he’s willing to sell cheap for the scrap iron.

How much is he askin’ for it? I like bridges!

  • Thu, Jan 19, 2012 - 11:56am

    #12
    ao

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    let’s get real

JuanGalt wrote:

Check out the first chapter of BOOMERANG for more on that story and the parts of RED ALERT for info about future copper scarcity.

By the way, Kyle Bass is one of the sharpest financial minds on the planet and has made hundreds of millions of dollars on bets and investments over the past few years. I would not discard him so easily. His track record speaks for itself.

He is about to make an obscene amount of money once Greece officially defaults on its debt. Something like 500-600 to 1 or better based on well-established bets going back a few years ago.

I think most astute investors would agree with most of his investment plays over the past few years and projections going forward.

He definitely qualifies as prepper (read about his ranch, PM holdings, guns & ammo purchases, etc…) and falls much more in line with Ron Paul’s stances on the economy as oppsed to the rest of the phony Rep & DEM establishment clowns. 

I’d check it out before jumping to conclusions.

JG

You’ve got to be kidding.  What do you think vault storage costs are for 114.8 TONS of nickel?

Don’t believe everything you read.  What I’m saying is that someone is probably pulling your leg.  Both writers and Wall Street types are not averse to doing this.  I’ve seen other cases along this line.  They laugh at watching the suckers scurry to do what they mention in some article or book and they’re doing nothing of the sort.  Or they want the masses to do something that will benefit them.  Read elsewhere on CM for a clue as to an example of that.  Hint: I’ve mentioned it previously a few times. 

Perhaps we should start warehousing cow manure because fertilizer will become rare and expensive and it’s definitely practical.

Frankly, if you have the property, I think you’d be better off storing coal.  It will go up in price and you can always use it yourself and give some to family, friends, and neighbors.  Nickel?  Are you going to use it personally?  And if not, how are you going to move any sizeable quantity to market?  Rent a fleet of trucks?

And FWIW, we’ve got a massive nickel mine coming on line in our area.  The production will be astonishing.  There’s not going to be any big nickel shortage in the near future.

 

 

  • Thu, Jan 19, 2012 - 01:48pm

    #13
    robie robinson

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    Start warehousing manure?

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

  • Thu, Jan 19, 2012 - 02:32pm

    #14

    JAG

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    Nickels and Inflation/Deflation

robie robinson wrote:

There must be alot of it stored in DC

Thanks for that chuckle Robie, I always enjoy reading your posts…

Regarding the Nickels, I always thought this would be a great inflation/deflation trade because:

  • if inflation becomes a concern, the market should pay more for them than face value (like it does with silver dimes, etc), if it becomes too expensive for the government to use nickel in producing new coins.
  • but if deflation becomes a concern, then their face value has more purchasing power than when you bought them.

It’s a win-win trade, if you can safely store all those nickels for free. Personally though, I haven’t done it because it sounds like a pain in the gluteus maximus.

Best….Jeff

 

  • Thu, Jan 19, 2012 - 06:10pm

    #15
    ao

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    robie robinson wrote:I

robie robinson wrote:

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.

  • Thu, Jan 19, 2012 - 06:29pm

    #16
    ikursat

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    Holy S..t!

These days I am looking for hot horse manure, to use as hot-bedding material in my cold frames. Never thought of driving my pickup truck down to DC and just shoveling the stuff they keep piling up in the Capitol. Not a bad idea at all, guys — they do seem to have an endless supply there. 

Ipek

  • Thu, Jan 19, 2012 - 07:46pm

    #17
    AWR

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    Save your nickels

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

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

 

  • Thu, Jan 19, 2012 - 09:48pm

    #18
    JuanGalt

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    Well, not exactly AO…

The nickels are stored on pallets. Bass owns a property that is quite secure and well over a thousand acres in size. Additionally, his firm stores tons of precious metalsfor clients as well as own personal holdings. Not too hard to add some space for nickels. The guy is worth hundreds of millions of dollars at least and has managed billions of dollars the past few years. 

You may be partially right about your 2nd point. That does happen.

Coal can cetainly be a good suggestion for storing.

US nickels are being collected not for their “nickel” content, it’s the COPPER that is valuable. Your point there is way off.

Do some research on future copper availability and industrial uses and demands.

  • Fri, Jan 20, 2012 - 01:40am

    #19
    ao

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    Juan Galt, I’m a bit familiar with the subject

JuanGalt wrote:

The nickels are stored on pallets. Bass owns a property that is quite secure and well over a thousand acres in size. Additionally, his firm stores tons of precious metalsfor clients as well as own personal holdings. Not too hard to add some space for nickels. The guy is worth hundreds of millions of dollars at least and has managed billions of dollars the past few years. 

You may be partially right about your 2nd point. That does happen.

Coal can cetainly be a good suggestion for storing.

US nickels are being collected not for their “nickel” content, it’s the COPPER that is valuable. Your point there is way off.

Do some research on future copper availability and industrial uses and demands.

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.

  • Fri, Jan 20, 2012 - 03:12am

    #20
    JuanGalt

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    AO, not saying nickels (copper investing) is the end all be all

but it can be a legitimate part (small portion) of someone’s investment portfolio. It’s only a small part of Bass’ investment portfolio. $1M is really not allot of money for him.

I would prioritize quite a few things ahead of copper and so does Bass. Productive land, access to fresh water, gold, silver, alternative energy, food stores, guns & ammo, general security, reliable utilitarian equipment and vehicles and likely quite a few other things would come before nickels and copper.

Your points on your last point are well taken. I agree with that.

JG

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