Forget Gold and Silver: Collect Nickles?

Login or register to post comments Last Post 14560 reads   23 posts
Viewing 3 posts - 21 through 23 (of 23 total)
  • Fri, Jan 20, 2012 - 04:08am

    #21
    ao

    ao

    Status Platinum Member (Offline)

    Joined: Feb 04 2009

    Posts: 1007

    count placeholder

    no, it’s a hoax

JuanGalt wrote:

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

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. 

 

  • Fri, Jan 20, 2012 - 10:45am

    #22
    robie robinson

    robie robinson

    Status Gold Member (Offline)

    Joined: Aug 25 2009

    Posts: 923

    count placeholder

    its too

early,just finished milking the cow whose manure i was convinced to warehouse, to consider the hoarding of dingleberries. AO, you’re too much getting folks fired up about foolishness.   robie 🙂

  • Fri, Jan 20, 2012 - 06:57pm

    #23

    TD

    Status Member (Offline)

    Joined: Jun 07 2009

    Posts: 22

    count placeholder

    coins in a hyperinflation environment

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

Viewing 3 posts - 21 through 23 (of 23 total)

Login or Register to post comments