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I'm a prepper as well, saving pennies.
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<p>[QUOTE="Sundance79, post: 2827027, member: 84413"]I won't dismiss anyone wanting to try to make some money. But you have to look at the amount of effort vs. cost, vs. your final profit.</p><p>I've seen wheatbacks selling for 3 cents each. So lets say during the 60's you put away $1,000 in wheat backs, put them in a closet and forgot about them. At the same time you put $1,000 in US Savings Bonds, a $1,000 in Cola-Cola stock and $1,000 in gold. Which do you think would be worth more today? I can sure tell you it wouldn't be those wheat backs.</p><p>So unless you are prepared to wait for 30 or 40 years on your penny investment, I think you'd be better off to take those pennies and buy some high grade coins. Imagine if everytime you got $250 in your penny stash you bought a gold coin? I'm sure in 20 years - or even just 10 years, you'd be far better off. And is would take up less room as well.</p><p>Now is you just love the feel of rolling around in a pile of pennies - but all means - keep the pennies.</p><p>And if you are worried about the next zombie apocalypse, those pennies probably won't come in very handy anyway. Silver and gold - maybe, food and clothing - probably, guns and bullets - for sure.[/QUOTE]</p><p><br /></p>
[QUOTE="Sundance79, post: 2827027, member: 84413"]I won't dismiss anyone wanting to try to make some money. But you have to look at the amount of effort vs. cost, vs. your final profit. I've seen wheatbacks selling for 3 cents each. So lets say during the 60's you put away $1,000 in wheat backs, put them in a closet and forgot about them. At the same time you put $1,000 in US Savings Bonds, a $1,000 in Cola-Cola stock and $1,000 in gold. Which do you think would be worth more today? I can sure tell you it wouldn't be those wheat backs. So unless you are prepared to wait for 30 or 40 years on your penny investment, I think you'd be better off to take those pennies and buy some high grade coins. Imagine if everytime you got $250 in your penny stash you bought a gold coin? I'm sure in 20 years - or even just 10 years, you'd be far better off. And is would take up less room as well. Now is you just love the feel of rolling around in a pile of pennies - but all means - keep the pennies. And if you are worried about the next zombie apocalypse, those pennies probably won't come in very handy anyway. Silver and gold - maybe, food and clothing - probably, guns and bullets - for sure.[/QUOTE]
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