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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
 Posted - 06/02/2007 : 17:20:40
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Nickel hoarding made it to the big time! (sort of)
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Children Playing with Matches;
Pinning the Tail on the Chinese & Other Follies
Ty Andros
This story deals mostly with the war of words between China and the US, but two thirds down this is mentioned:
The most Ridiculous item of the week! When is a nickel a dime?
(The author decries the price of a nickel but fails to realize the profitability of gathering 5¢ coins to sell in the future after the melt ban ends or to speculators.)
This weeks Barron's magazine reports that the metal content of a US 5 cent piece (a nickel), now costs a dime. So when the US mints them it costs them DOUBLE what the nickel can buy when you spend it. They tried to make a joke of this, BUT IT IS NO JOKE. It is a CRYING shame, irresponsibility and total betrayal by our public servants and financial authorities and a symptom of how the main stream press is hand maiden to Fleecing of America
Since this absurdity would be a great investment for any astute investor, the US Government prohibits it. As it would be an instant small business opportunity. And it probably is unbeknownst to the Mandarins of Washington DC. They also report that nickels made during World War II are now worth over 75 cents. This is a clear example of what the fiat monetary system ushered in by the creation of the Federal Reserve means to you!
Think of it, buy 1000 dollars worth of nickels, melt them down and have 2000 dollars when you are a done. A 100% return, do this exercise over and over again, and you can do the math. You could quickly become a millionaire. Conversely, if you are the group doing the minting you will quickly go broke. Unless, of course you have a printing press to soak up the losses. Lets see, the taxpayer and everyone who owns dollars pays for this as his money is used to underwrite this obscenity.
This is a clear illustration of what they have done to the purchasing power of the currency you hold and store your wealth in. They go on to mention that you shouldn't try this business opportunity yourself, as the mint introduced interim rules last year with fines and prison terms on the horizon if you do. Can somebody tell me how they can do this without a legislative law being passed. Maybe they can't pass the legislation as it would be unconstitutional, just as there own actions are in respect to money backed by nothing except our faith in their integrity. Of which they have NONE!
What an Oxymoron, They are calling you a criminal if you take advantage of the criminality they have imposed on the populous from their fiat monetary systems which are explicitly PROHIBITED by the CONSTITUTION. The increased value of the coins is the illustration of why the prohibition of fiat money was part of the constitution; they wished to prevent power mad politicians from confiscating wealth through the printing press, as had been done many times in history. Who are the criminals? You decide
I should have chosen "Cut-n-Paste" as a forum name, since that is what I do, mostly.
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
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CajunCoin
Penny Sorter Member
USA
26 Posts |
Posted - 06/03/2007 : 10:04:52
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AS QUOTED"Think of it, buy 1000 dollars worth of nickels, melt them down and have 2000 dollars when you are a done. A 100% return, do this exercise over and over again, and you can do the math. You could quickly become a millionaire. Conversely, if you are the group doing the minting you will quickly go broke. Unless, of course you have a printing press to soak up the losses. Lets see, the taxpayer and everyone who owns dollars pays for this as his money is used to underwrite this obscenity."
As long as the general public doesn't know this little tidbit of info (Too busy watching survivor, etc) we will have more time to amass a hoard. Even the lady at the bank who thinks she knows coins (has no idea what a key date is!)doesn'r know about nickles and pennies! She sold me a silver quarter for $2.00 and I got $25.00 in Nickles and $25.00 in pennies with 20% copper found at face, the real treasure is under her nose and she has no idea about the coming Nickle Shortage!
Getting a small stash $20-$25 at a time is a way to build wealth, not a silver quarter a week!
Real Money Rings True. |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 06/03/2007 : 15:53:35
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Footnote:
Investors, speculators and those in the know read Barrons ,The Wall Street Journal and the like.
Joe and Jane six pack read People and the magazines you see at the check out counter in the supermarkets.
By the time the crowd finds out about nickels and is told "get in before it's too late", it will already be too late.
I should have chosen "Cut-n-Paste" as a forum name, since that is what I do, mostly. |
Edited by - pencilvanian on 06/03/2007 15:54:43 |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 06/03/2007 : 19:20:16
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Yes, it will be too late but they will look around the house and scrap-up a roll or two and plan their retirement.
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Fanaticism is doubling one's efforts, yet forgetting one's purpose.
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Nickel hoarding made it to the big time!
Forum Locked
Posted - 06/03/2007 : 07:05:51
