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four generations ahead - Will 'clad' be the 'silver and gold' of our day?
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<p>[QUOTE="Conder101, post: 1644758, member: 66"]Over 4 generations I think you will see a lot of inflation. Even at the "official" rate of around 3% per year, after four generations it will take 55 cents to buy the metal in todays nickel. At some point during those years it will reach a point where it will become profitable to go to the bank, buy boxes of nickels and take them directly to the smelter. (We actually reached that point briefly awhile back before the price of nickel fell from the $28 a pound that it had reached.) Before it reaches that point the coins WILL disappear from circulation, just as the silver coins disappeared from circulation. At the time they disappeared they were only worth about 1.2 to 2 times face. The copper cent is already over that and the five cent is at 1.1 now I am not saying it would be a good investment, and I am not recommending that people should start hoarding now, but at some point the value of the metals will rise high enough that the coins will have to change size, composition, or the dollar itself will have to be revalued.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1644758, member: 66"]Over 4 generations I think you will see a lot of inflation. Even at the "official" rate of around 3% per year, after four generations it will take 55 cents to buy the metal in todays nickel. At some point during those years it will reach a point where it will become profitable to go to the bank, buy boxes of nickels and take them directly to the smelter. (We actually reached that point briefly awhile back before the price of nickel fell from the $28 a pound that it had reached.) Before it reaches that point the coins WILL disappear from circulation, just as the silver coins disappeared from circulation. At the time they disappeared they were only worth about 1.2 to 2 times face. The copper cent is already over that and the five cent is at 1.1 now I am not saying it would be a good investment, and I am not recommending that people should start hoarding now, but at some point the value of the metals will rise high enough that the coins will have to change size, composition, or the dollar itself will have to be revalued.[/QUOTE]
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