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Is Hoarding Pre-1982 Copper Cents Pointless!
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<p>[QUOTE="chip, post: 841180, member: 19122"]Yes, spend them put them back into the bank and take the electronic money, there will be more for me. </p><p><br /></p><p>Copper is usually considered a base metal, but it is abundant enough that it could be used as a monetary standard. One of the problems with fiat currency is that it is subject to the whims of the people in democratic countries, pols know that a strong dollar means the goods and services that their countries produce are more expensive, idle hands are the devils playthings, and when people are not working they are into mischief.</p><p><br /></p><p>So you have pols vieing with each other to inflate their currency internationally, sorry but the idea of an economy centered around consumption not production is unsustainable, it only lasts until the credit runs out and the economy is drained of real assets. </p><p><br /></p><p>Copper could solve that problem, tho it would be unusual to see copper dollars, I think that before that happens the powers that be will try to go to a cashless electronic money that will be a nightmare of manipulation and legalized theft that will make such adventures as the savings and loan thefts and the derivatives swindle seem like peanuts.[/QUOTE]</p><p><br /></p>
[QUOTE="chip, post: 841180, member: 19122"]Yes, spend them put them back into the bank and take the electronic money, there will be more for me. Copper is usually considered a base metal, but it is abundant enough that it could be used as a monetary standard. One of the problems with fiat currency is that it is subject to the whims of the people in democratic countries, pols know that a strong dollar means the goods and services that their countries produce are more expensive, idle hands are the devils playthings, and when people are not working they are into mischief. So you have pols vieing with each other to inflate their currency internationally, sorry but the idea of an economy centered around consumption not production is unsustainable, it only lasts until the credit runs out and the economy is drained of real assets. Copper could solve that problem, tho it would be unusual to see copper dollars, I think that before that happens the powers that be will try to go to a cashless electronic money that will be a nightmare of manipulation and legalized theft that will make such adventures as the savings and loan thefts and the derivatives swindle seem like peanuts.[/QUOTE]
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