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Will Nickels Stop Circulating Soon?
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<p>[QUOTE="-jeffB, post: 7372496, member: 27832"]When the silver in a fifty-cent piece was worth seventy cents, finding one at face value and selling it for silver value would get you enough profit to buy a hamburger.</p><p><br /></p><p>If the metal in a five-cent piece were worth seven cents -- and it isn't yet, it's currently worth around 5.3 cents -- you'd need to sell FIFTY of them "for metal value" to earn enough profit to buy a hamburger.</p><p><br /></p><p>But what happens when the metal is worth fifty cents, or five dollars? Well, by then, the burger will probably cost ten bucks, or a hundred.</p><p><br /></p><p>Cash in nickels, buy equities. I still have a jar of nickels and a box of rolls, but I don't pretend that it's anything other than hoarding disorder.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 7372496, member: 27832"]When the silver in a fifty-cent piece was worth seventy cents, finding one at face value and selling it for silver value would get you enough profit to buy a hamburger. If the metal in a five-cent piece were worth seven cents -- and it isn't yet, it's currently worth around 5.3 cents -- you'd need to sell FIFTY of them "for metal value" to earn enough profit to buy a hamburger. But what happens when the metal is worth fifty cents, or five dollars? Well, by then, the burger will probably cost ten bucks, or a hundred. Cash in nickels, buy equities. I still have a jar of nickels and a box of rolls, but I don't pretend that it's anything other than hoarding disorder.[/QUOTE]
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