How much space would you need for $100,000 in nickels ?

thanks for your assessment. I really am unsure, but 100k in nickels is less space than many might think.

some difference here in opinion, I think two fridges worth is more like it....but I'd have to evaluate it better.....it sure ain't a garage full

 

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My concern sir would be the fact that its so bulky you cannot put it in a safe, yet if word ever got out there was $100k for the taking in a garage somewhere.....

Personally even though I like silver more I am going to move to gold and platinum for any major PM purchases. Silver just takes up too dang much room in a sdb, plus makes lifting a 10x10 sdb a hernia inducing exercise.

Maybe I am just getting too old for silver.

 

Oye - you make more money renting the Garage space.

 

Please check the price of nickel and reassess the situation after reviewing how volatile nickel prices are.

It's more than enough to make a large mining company to temporary shut down one nickel mine - good luck hedging your bet.

http://www.perthnow.com.au/business...s-at-nickel-west/story-e6frg2r3-1226259799122

 

Anything weighing 11 tons is pretty damn big!

 

Yup.

Lego's are lighter, easier to stack and seem to retain or increase in value over time. I'm betting on Lego's as a better investment over nickels and your kids would likely rather play with them than just search through them.

 

If you have $100K sitting around to invest in nickels, then there are plenty of other investment avenues that would be a much better idea (also easier on your back and garage floor).

 

Lol true. 11 tons in such a small space will definitely crack the heck out of any slab.

 

Let's compare the price of nickel with gold.

Nickel: Look at the big dip.


Gold. See a "big dip" anywhere?? Nope...



You could of bought it 10 yrs ago for $302.80 an ounce.

$100,000 would of gotten you 330 troy ounces of gold.

Today that is worth $1556.26. (It's down right now, a good time to buy).

That would give you about $514,000, a 414,000 dollar profit.

Even if a nickel was worth 20 cents (which it won't be for a long time), that's only $400,000 or $300,000 profit. Which is still $114,000 less than if you would of bought gold. Even if a nickel was worth 20 cents, you would not get 20 cents (refining fees).

Nickel is used in too many applications for it to ever become a "precious metal".

Nickel and copper (a nickel is 75% copper) are base metals, and always will be. Gold and silver were precious metals. They are not used as much as copper and nickel.

Nickel is used in batteries, stainless steel, magnets, coatings.

Copper is used EVERYWHERE. In electronics, copper pipe, jewelry, cookware, HVAC, etc.

So even if the gubbermint allowed you to melt down nickels, there would still have to be a large spike in the price of copper, and nickel for them to be worth anything at all.

Besides that, imagine all the space the nickels would take up.

The chance of getting robbed (it's not easy trying to conceal that many nickels), the cost you may incur of storing them....

...the pain of moving them all, moving them to someone if they decide to buy them...

...the risk of the boxes getting wet, the risk of mice getting into the boxes.

Gold would be a much....much...much better investment.

Just look at that 10 year chart and ask yourself if it would be easier to store a shoebox full of gold, or have a big pile of nickels.

Remember...a nickel is ONLY 25% nickel..you would need a HUGE spike in the price of copper (not going to happen in the near future) for them to be worth anything.

 

Yes, we all should have bought Google, Microsoft, and every other stock too. Too bad my crystal ball wasn't working then....or now.

 

Detecto, how about actually comparing apples with apples? You have two charts mapping two different timeframes arguing two different points. please stick to one. If you wish to show how much gold has appreciated than nickel, then compare both to one another in identical long time frames.

Btw reporting on the past does not guarantee the future, you know? You could have made an argument that gold WAS a better investment, shown us, and we would agree. Any conjecture as to future performance is simply that, conjecture.

Also, arguing nickel is used in too many things as to why it will always be a bad investment is a little funny, don't cha think?

Just trying to show you how to craft a meaningful post man. No disrespect meant by it.

Chris

 

Does posting in large bold type somehow give your ramblings more credibility?

Ever heard of a black hole? :too-funny:

 

Apparently it does.

 

I never knew thas.

 

I see what you did there

 

re stacking floor to ceiling ... are you in earthquake country?
and the walls came a tumblin down. OUCH!
Even if you can't melt them, there are people who will buy for the metal value, just as some are buying copper pennies now. Most people buying silver coin at melt are not actually melting them but trading on the melt value while keeping the coin.
I rather prefer roll searching and choosing lower mintage nicks so that you have 2 ways to win, metal value and collector value. and you may hit a winner right now in your roll search while you are at it.

 

If they are right about that 110 cubic foot figure then there is a lot of wasted space. They'll take up a lot less once you can melt them down, just 40 cubic feet or 3ft by 3 ft by just over 4 ft high.