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Will the Nickel be the next coin people hoard?
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<p>[QUOTE="mikem2000, post: 1640443, member: 30574"]While it is possible it could pay off, a lot of things would need to align for that to happen. That is not the important part though, it is a very bad play, and just because it can never go below face DOES NOT MAKE IT A FREE INVESTMENT. </p><p><br /></p><p>The absolute last thing an investor should do is hoard the US$ long term. Anyone who does this is destined for failure. Our currency system works best with mild inflation. It is built into the master plan. When your investment is just sitting there at face value, you are not breaking even. YOU ARE LOSING MONEY. You need to put those USD's to work. It was easy in 2012 to make 15% in equities, and almost all other investment classes posted nice gains. BTW, both nickel and copper are down around 5% YTD. In addition, 5 years ago nickel was trading around $16 a pound, now it is a bit south of $9</p><p><br /></p><p><br /></p><p>So in conclusion, hoarding nickels is just being on the wrong side of the odds.[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1640443, member: 30574"]While it is possible it could pay off, a lot of things would need to align for that to happen. That is not the important part though, it is a very bad play, and just because it can never go below face DOES NOT MAKE IT A FREE INVESTMENT. The absolute last thing an investor should do is hoard the US$ long term. Anyone who does this is destined for failure. Our currency system works best with mild inflation. It is built into the master plan. When your investment is just sitting there at face value, you are not breaking even. YOU ARE LOSING MONEY. You need to put those USD's to work. It was easy in 2012 to make 15% in equities, and almost all other investment classes posted nice gains. BTW, both nickel and copper are down around 5% YTD. In addition, 5 years ago nickel was trading around $16 a pound, now it is a bit south of $9 So in conclusion, hoarding nickels is just being on the wrong side of the odds.[/QUOTE]
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