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<p>[QUOTE=&quot;Detecto92, post: 1441308, member: 75105&quot;]Let&#039;s compare the price of nickel with gold.</p><p><br /></p><p>Nickel: Look at the big dip. </p><p><img src="http://www.kitconet.com/charts/metals/base/spot-nickel-5y-Large.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Gold.&nbsp; See a &quot;big dip&quot; anywhere?? Nope...</p><p><br /></p><p><img src="http://www.kitco.com/LFgif/au3650nyb.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>You could of bought it 10 yrs ago for $302.80 an ounce.</p><p><br /></p><p>$100,000 would of gotten you 330 troy ounces of gold.</p><p><br /></p><p>Today that is worth $1556.26. (It&#039;s down right now, a good time to buy).</p><p><br /></p><p>That would give you about $514,000, a 414,000 dollar profit.</p><p><br /></p><p>Even if a nickel was worth 20 cents (which it won&#039;t be for a long time), that&#039;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).</p><p><br /></p><p>Nickel is used in too many applications for it to ever become a &quot;precious metal&quot;.</p><p><br /></p><p>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.</p><p><br /></p><p>Nickel is used in batteries, stainless steel, magnets, coatings.</p><p><br /></p><p>Copper is used EVERYWHERE. In electronics, copper pipe, jewelry, cookware, HVAC, etc.</p><p><br /></p><p>So <i>even if </i>the gubbermint allowed you to melt down nickels, there would<i> still</i> have to be a large spike in the price of copper, and nickel for them to be worth anything at all.</p><p><br /></p><p>Besides that, imagine all the space the nickels would take up. </p><p><br /></p><p>The chance of getting robbed (it&#039;s not easy trying to conceal that many nickels), the cost you may incur of storing them....</p><p><br /></p><p>...the pain of <i>moving them all</i>, <i>moving them to someone</i><b> if</b> they decide to buy them...</p><p><br /></p><p>...the risk of the boxes getting wet, the risk of mice getting into the boxes. </p><p><br /></p><p>Gold would be a much....much...much better investment.</p><p>&nbsp;</p><p>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. </p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>

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