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n/a
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143 Posts |
 Posted - 07/13/2006 : 20:22:35
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...to give up to acquire every pound of pure nickel? (in a trade)
i am thinking 2 ounces of silver for 3 pounds of nickel
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n/a
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17 Posts |
Posted - 07/13/2006 : 20:35:22
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No chance of that for me.
I would only trade spot price for spot price.
1 lb of nickel is now worth more than an ounce of silver.
It would make no sense to take any less.
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Edited by - n/a on 07/13/2006 20:36:07 |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 07/13/2006 : 22:42:27
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| Of course, we don't see the sort of cartel price deflation in the nickel market that we do in the silver merket, as it's an almost purely demand driven commodity, not a speculative market for the most part. Right now, we're in the best part of the year for high nickel prices, because of depleted inventories - just look at a 6-year graph of warehouse inventories and you'll see that nickle is cyclical and the height of that ciclical period is mid to late summer. Silver, on the other hand, is more schitzo and less cyclic. |
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n/a
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143 Posts |
Posted - 07/14/2006 : 01:42:37
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can't believe it was still 5 bucks per pound just last november
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teach your kids to sort pennies, and they will not spend your money like crazy |
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n/a
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17 Posts |
Posted - 07/14/2006 : 07:40:49
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Sure it was 5 bucks and silver was 4.50 a few years ago also. The metals largely move together. I like Nickel here because it has broken out technically. Sure it might pull back to the break out point, especially if we have a recession since it is very economically sensisitive. But there is a very good reason why several companies are fighting over Inco and Falconbridge 
I personally think people may be trading bags of these coins in the future similar to junk silver coins. I dont see a reason to give them away now for less then they are worth, particularly the pure coins.
Nickel, the poor man's silver. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/14/2006 : 09:00:12
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IMO, the market for the base metals seem to not be as mamipulated as the silver market is. Silver is an industrial metal too, but it seems like it takes the threat of WWIII to get an upward reaction out of it. And even then its not going up like gold. Don't get me wrong, I'm still holding more of my money in silver than nickels, but silver has lost some of its shine for me. I hope in a few days it takes off with gold, but if it does I'll be rethinking my opinion of it.
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If you can conceive it, you can achieve it. -Napoleon Hill |
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ImperialFleet
Penny Pincher Member
USA
217 Posts |
Posted - 07/14/2006 : 15:51:31
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Buy and hold silver my friends, do not fret; silver MUST go exponentially higher. However, I might be willing to trade some of my nickels for other peoples silver.
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“Ultimately, the Fed can flood the system by buying any kind of asset, or even dropping bank notes from helicopters" -Fed Chairman Ben Bernanke |
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How much silver are you willing...
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