Coinspiracy: Nickels 📈 Got 5 rolls ($10) from the bank today, melt price is $16
(media.conspiracies.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (13)
sorted by:
The US Nickel is the most valuable US coin. It is 75% copper and 25% Nickel. It weighs 5 grams. Plus, it will never lose face value, which is what you “pay” for it. Sound investment? If you buy a shitload, you may even luck up and get a couple of silver-containing nickels that were minted during WWII.
If hyperinflation hits, and CBDC becomes the only legal tender, or if they end the use of coins altogether, then they will be legal to melt. Imagine if your $2 roll of nickels becomes worth $10, the price of a roll of quarters...
🧐
Storage and actual acquisition seems like an issue.
If I want to dip out of the stock market, how the fuck do I get a hold of and store 6 tons of nickels?
We’re talking about a bit of protection from hyperinflation. Like, if the dollar becomes such shit, a la weimar or venezuela— nickel and copper might be worth like $150 lb. and silver like $200 oz and gold like 6 gorillion dollars an oz.
I’m not saying you need bathtubs of nickels to jump in like uncle scrooge, just 40-50 rolls as a hedge. Some people here might already be too strapped to invest in gold or silver, but most people can put away a few bucks a week in nickels or just save the ones they get in change.
Upvoted for properly using the word gorillion in a sentence.