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<p>[QUOTE=&quot;NorthKorea, post: 1712342, member: 29643&quot;]Apples to... sports cars. Seriously, this analogy is irrelevant. Nickel/Copper are base metals. They&#039;re called such, because they&#039;re highly abundant and easily extracted.</p><p><br /></p><p>Annual copper production: 16mm tonnes</p><p>Estimated reserves (using current technology): 1.4B tonnes</p><p><br /></p><p>Also, copper is VERY cheap to recycle.</p><p><br /></p><p>The value of nickel will be limited by the availability of alternative products for nickel stainless steel. When the cost of nickel went up in 2005, alternatives were developed. Nickel currently has a price of half that.</p><p><br /></p><p>A billionaire places $1mm into nickels with the expectation that if it gets to $1.3mm in ten years, they will have received a better return than treasuries. A nickel hoarder places $100 into nickels with the expectation that &quot;at some point in the future,&quot; nickel will be worth &quot;the same as silver is today!&quot;</p><p><br /></p><p>Seriously, collect nickels for how they look, not for what they contain in metal.</p><p><br /></p><p>The idea of getting rid of the penny or nickel due to costs wouldn&#039;t be an issue if people didn&#039;t take them out of circulation for speculative purposes.</p><p><br /></p><p>At the time that silver was taken out of the minting equation, silver was a precious metal. It wasn&#039;t a valuable metal, but it qualified as precious due to rarity in the earth. It&#039;s entirely possible that we will have a colony on another planet before copper becomes a precious metal.[/QUOTE]</p><p><br /></p>

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