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Nickels are now 102% of their face value
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<p>[QUOTE="mikem2000, post: 1652233, member: 30574"]Sorry, but this is just wrong. Nickels are not a FREE investment and you can lose. This is also a pet peeve of mine.</p><p><br /></p><p>First I will admit it is POSSIBLE to make some money, but a lot of things need to align for that to happen. I will not get into that now since it is not the point of the post.</p><p><br /></p><p>The point is that our currancy is not designed to hold for the long term. Our system and currency works best with mild inflation. You can expect inflation and need to plan on it. When you hoard cash and are getting 0 return on your money, you are NOT BREAKING EVEN. You are LOSING BUYING POWER. If you are holding an investment that is keeping up with infaltion. THAT IS BREAKING EVEN. So the bottom line is, if you have hoarded nickels for 30 years, and they are still just worth face value. You have LOST a butt load of money. There was nothing free about it.</p><p><br /></p><p>Mike[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1652233, member: 30574"]Sorry, but this is just wrong. Nickels are not a FREE investment and you can lose. This is also a pet peeve of mine. First I will admit it is POSSIBLE to make some money, but a lot of things need to align for that to happen. I will not get into that now since it is not the point of the post. The point is that our currancy is not designed to hold for the long term. Our system and currency works best with mild inflation. You can expect inflation and need to plan on it. When you hoard cash and are getting 0 return on your money, you are NOT BREAKING EVEN. You are LOSING BUYING POWER. If you are holding an investment that is keeping up with infaltion. THAT IS BREAKING EVEN. So the bottom line is, if you have hoarded nickels for 30 years, and they are still just worth face value. You have LOST a butt load of money. There was nothing free about it. Mike[/QUOTE]
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