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thebeave
Penny Sorter Member
USA
49 Posts |
 Posted - 03/28/2007 : 10:33:03
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I am young and in college therefore I do not have a large amount of resources to invest in hoarding coins. Because of this, I have to be selective. I want to know what I should invest more in, copper cents or nickels. I buy a little of both right now but currently I spend a little more on rolls of pennies. I can still only buy a few rolls of each every week because the boxes are almost out of the question for my budget, especially boxes of nickels.
I realize there will be differing opinions but im interested to hear the argument for both sides.
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/28/2007 : 10:56:57
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quote:
Originally posted by thebeave
I am young and in college therefore I do not have a large amount of resources to invest in hoarding coins. Because of this, I have to be selective. I want to know what I should invest more in, copper cents or nickels. I buy a little of both right now but currently I spend a little more on rolls of pennies. I can still only buy a few rolls of each every week because the boxes are almost out of the question for my budget, especially boxes of nickels.
I realize there will be differing opinions but im interested to hear the argument for both sides.
You are already making the best investment you possibly can.. investing in your education.
It will serve you well the rest of your life.
The government can't take it away from you.
It travels well, being extremely light weight (This is after you get out of school, not immediate because of those heavy books you are lugging around)
You can use it to obtain lots of pennies and nickels in the future (many more than you could obtain if you didn't get the education)
If you have any credit card debt, that is probably the best place to put your money (guaranteed 20% return)
There is actually an argument for investing in TP (Toilet paper, not commercial paper) You buy as much as you can reasonably store when it is on sale at half price.
You know you are going to use it.
You know it will never be on sale when you run out of current stock.
When you get it at half price and never have to purchase at peak price when your personnal demand is high you achieve a guaranteed 100% return on your investment.. much better than either pennies or nickels.
Remember, a job is never finished until the paperwork is done.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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n/a
deleted
37 Posts |
Posted - 03/28/2007 : 11:44:16
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| Hoarding household goods such as tiolet paper is a tremendous idea. Buy when prices are low and stock up on them. |
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n/a
deleted
479 Posts |
Posted - 03/28/2007 : 14:48:44
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I agree that household goods are a reasonably good investment, but by far the best investment you can make is to get out from under any credit card debt that you have.
When I was young I was still moving around a lot, so having a lot of anything was difficult for me.
If you are still moving around a lot, I recommend gold.
The upcoming "First Lady" series of gold half ounces might be a good way to go.
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No matter what else you do,
make sure that you do NOT go into credit card debt.
If you avoid that pitfall, you will be ok. In my Opinion.
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Paul Craig Roberts urges people to
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n/a
deleted
37 Posts |
Posted - 03/28/2007 : 15:10:10
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Spend 1-9 hours a day on financial based internet sites.
Become self-educated.
To name just a few, Cnnmoney.com, Bankrate.com, and this site are three sites that you should read everyday if possible. |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/28/2007 : 18:34:53
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I disagree with everyone else here re: debt service. f#$K the lenders. They literally make that "money" they "loan" you out of nothing. If I were young and in college again, I'd apply for all the credit cards I could get - you can probably get a bunch. Get them all, and buy maybe one or 2 small things on each card and pay off those ballances. Do this for a year or two and keep getting all the new credit you can - if you make yr payments yr scores will go up and you can get more cards. Keep this up until you have, say, $50,000-$100,000 in unsecured credit, and no debt. Then cash advance all of the cards for their full amount, and drop all the cash into silver and go burry it somewhere. Disconnect yr hpone and move to a new address. If the card companies find you, tell them to go f#$K themselves. Bk out of the debt. Spend a few years living like a pauper and watching silver climb. In 8 yrs you'll be rich in silver and yr credit will be healed.
Remember, the system is designed specifically to make you a debt slave. You can spend the rest of your life worrying about what some f#$King suit in an office thinks yr credit score is, ot you can f#$K the system over and bank enough change to retire. Your choice.
________________________
"A nickel's nothing to scoff at."
C. Montgomery Burns
HoardCode0.1: M28/5CAON:CA5Ni35000:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16
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n/a
deleted
37 Posts |
Posted - 03/28/2007 : 19:16:54
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| WTF? |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/28/2007 : 20:24:47
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Seriously. If you're a thinking adult who does his research, the only conclusion you can come to is that the paper money/debt game is a horrible misguided delusional pathology. One has, I would argue, a moral duty to dissassociate from it as much as possible and do what one can to illustrate its inherent idiocy & help free others from its tyrrany.
________________________
"A nickel's nothing to scoff at."
C. Montgomery Burns
HoardCode0.1: M28/5CAON:CA5Ni35000:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16
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n/a
deleted
479 Posts |
Posted - 03/28/2007 : 20:36:52
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Canadian Nickel:
I think you should protect yourself with a disclaimer in your signature.
Some people who post comments here have disclaimers attached to the bottom of their posts.
Some example text:
"The comments above are my personal opinion and are not meant to provide financial advice of any kind"
I agree that the credit card companies engage in usury. That is my personal opinion on the morality of what they do.
That is a far cry from recommending to anyone that they burn their bridges or break the law.
If I were you, I would refrain from recommending to people that they break the law.
Just some friendly advice from someone who cares about you.
Peace,
brother
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 03/28/2007 : 21:12:54
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quote:
Originally posted by thebeave
I am young and in college therefore I do not have a large amount of resources to invest in hoarding coins. Because of this, I have to be selective. I want to know what I should invest more in, copper cents or nickels. I buy a little of both right now but currently I spend a little more on rolls of pennies. I can still only buy a few rolls of each every week because the boxes are almost out of the question for my budget, especially boxes of nickels.
I realize there will be differing opinions but im interested to hear the argument for both sides.
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I'm a nickel guy but if I was in your situation I would invest in pennies, sort out the ziners and return them for more pennies to sort. IOWs, if you got more time than money go for pennies, if more money than time go for the nickels.
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For good times to come or bad times to come, now is the time to save your copper or nickel coins. |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/28/2007 : 21:14:13
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Oh, I don't condone breaking THE LAW, only ignoring the ACTS of tyrants.
What would jesus do? Throw the money lenders out of the f#$King temple.
Disclaimer: I am a crazy person who was thrown in jail by the government so they could confiscate my gun. If you'd rather get financial advice from some dick in a pinstripe with perfect credit and multibillion dollar advertising budget herding deliberately befuddled consumer victimx into his faceripping emporium, be my f#$King guest. The money system is fraud made dogma by the state. It is dishonest and corrupt. Back when I was in University, I believed in watching my credit & taking care of business. Always pay on time & in full. Getting arrested destroys that facade. I'd bought my gun on credit, never even got to fire it before it was stolen. The bank that issued that card just "made up" that credit. I was not pillaging the savings of the other customers. And yet after spending 50k regaining my liberty, I am now expected to continue paying for the blasted thing? No way. The angrier I got, the more I researched. The more I researched, the more I realized that the fiat money system is a pathology. When cortez met montezuma he lamented "My men have a sickenss of the heart, that can only be cured by gold" and that same sickness has been raping the corpse of this continent ever since.
________________________
"A nickel's nothing to scoff at."
C. Montgomery Burns
HoardCode0.1: M28/5CAON:CA5Ni35000:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16
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n/a
deleted
479 Posts |
Posted - 03/28/2007 : 21:28:31
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I don't think you are crazy.
I think the fiat money system is crazy.
My recommendation is that you avoid bringing undeserved trouble onto yourself.
We agree on qwite a lot Nickel, I just feel that a warning here and there can moderate this discussion overall.
I'm very angry about credit and especially credit cards.
I just don't advocate breaking the law.
Peace!!!!
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n/a
deleted
37 Posts |
Posted - 03/28/2007 : 22:06:10
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| Good discussion |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/28/2007 : 22:17:51
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Namaste, of course.
________________________
"A nickel's nothing to scoff at."
C. Montgomery Burns
HoardCode0.1: M28/5CAON:CA5Ni35000:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 03/29/2007 : 08:39:51
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I have to confess: I'm a Canadian Nickel fan! I really look forward to just about any post he offers. If I ever forget, please remind me to never cheese him off....I bet he has some very creative ways to keep the score even.
I'm pretty much on board with just about every thing he says: I detest fiat money. I think our governments are not kind/gentle institutions working for our good, but are self serving, wasteful, corporate-political meld with the sole purpose to strip us of our wealth and basically enslave us. Don't even get me on the Federal Reserve. They are experts are plying just enough force/pressure on us to bend us without us revolting in revolution....esp, due to the fact that nearly everyone I know, despite being "nice people" are largely uninformed, ignorate, ...sheeple...to busy/tired/lazy to seek the truth. We are slaves.
Here is my test case: "What would Thomas Jefferson do?"....we would have had a revolution long ago. Our brilliant founding fathers, who purposefully included constitutional provisions to protect us from screwed up government power....like "you folks better have guns so if we get too far out of line, you can do something about it, and we need sound money so we can't print your wealth away". Nither US or Canada has sound money, and we are both flying towards having no guns...Do you ever look at your Gross Pay vs your Net Pay? People just get lazy or something....what do you think your reaction would be if every month, just like a bill, you got a letter stating you owed $1500 to the Fed/State....people would be much more aware of the costs.
I could go on for days on this stuff.....
That is why I love hoarding things of real, inflation proff wealth....makes me feel good to stick upo my middle finge to salute government and say "hey you bastards....you might be getting his, but you not going to get mine....", that is, I'm protecting and preserving my wealth....that is left over after being a part-time slave....
Disclaimer: I too am a completele kook - any thing I write here is total fantasy....don't do a thing I suggest, stick your head in the sand and be a happy sheeple....bahh, bahh, bahh....
40 year old guy trying to look out for my family. My great country is headed for the dumpster....and worst yet, no one knows/cares it is happening..... |
Edited by - c140cessna on 03/30/2007 19:25:41 |
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n/a
deleted
479 Posts |
Posted - 03/29/2007 : 10:20:00
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A revolution is likely to happen, eventually.
I think that either hyperinflation or deflation or "ka-poom" will bring Joe Six Pack (J6P) to his knees.
Here's a qwote from Micheal Hudson at
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iTulip Select Interview
Dr. Michael Hudson - Part III
March 26, 2007
1. Credit derivatives are the most likely cause of a future financial system crash.
2. No one can hedge the risks posed by asset deflation except by selling inflated assets.
3. October 1987 is the model for the next financial crash.
4. The larger the debt, the bigger the debt deflation. Expect a long, slow economic crash.
5. The U.S. will not repay its foreign debt.
6. Hyperinflation of the dollar, if it happens, will be a political and not an economic or monetary event.
7. Since the time of the South Sea bubble, financial bubbles have been created by governments in order for governments to dispose of public debt.
8. The U.S. government wants to exchange social security claims for stocks so that stocks can be inflated and then allowed to crash, to wipe out the entitlement liability.
9. Most corporate balance sheet growth over the past few years is fictitious capital, what used to be called 'watered costs'.
10. The U.S. corp. sector is "fragile" due to excessive use of debt and leverage for the past several years.
11. There will be a huge asset grab and reimbursement.
12. Hardly any money is spent on goods and services, rather, 99.9% of monetary payments are spent in assets, so the health of the FIRE economy is more relevant from a monetary standpoint.
13. Initially there will be mass defaults on mortgages and losses of houses to people with ready cash.
14. Later banks will allow home owners to stay in their houses, payments owed will be added on to the mortgages, and debt will go up without any money changing hands.
15. US housing debt will mimic the 1970s Brazilian compound interest curve.
I recommend listening to his speech titled
Real estate Growth, Crash, or Soft Landing?
Go here to click on it
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Been-Jamin' Franklin once said something very close to these exact words;
""People will suffer the sufferable, only when their suffering becomes unsufferable will they take the actions necessary to relieve their suffering.""
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Paul Craig Roberts urges people to
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Edited by - n/a on 03/29/2007 10:23:41 |
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n/a
deleted
14 Posts |
Posted - 03/29/2007 : 14:23:32
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Eh.
As far as I'm concerned, all this high-flown "stick it to the man!!" talk is nothing more than justification for theft. I'm certainly no fan of fiat money or the debt game, and yes, the "money" they "loan" you doesn't really exist, but the value has to come from somewhere.
Reneging on a valid debt (the one and only definition of which is one that you *agreed* to beforehand), thereby transferring responsibility to someone else for debt that *you* accomeulated, simply isn't justifiable. Sorry. Ain't buyin' it.
Back on topic. Toilet paper sure is damn handy stuff. I'm of the school of thought that says take care of necessary consumables first. Food, water, medicines you may need, fuel for your alternative heat source, etc. Arms and ammunition come next. After that get to work on a stash of barterables, which could include even more of the above, but also luxury items such as soap and... well, toilet paper.
*Then* come the metals. I'm of the opinion that gold and silver should be the primary focus here, copper and such filling the gaps in between when you have a few extra FRNs to spare. I'm obviously in the minority around here in regard to that last bit, but that's how I see it.
All this in my own humble little opinion, of course....
EDIT: Why won't this sumbitch let me spell "accomeulate" correctly...?
EDIT: Accomeulate. Accomeulate. Accomeulate. Alright, I give up.  |
Edited by - n/a on 03/29/2007 14:46:26 |
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Ridewithme38
Penny Sorter Member
USA
79 Posts |
Posted - 03/29/2007 : 14:35:14
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Ok i'm in the same basic situation as this guy...Full time college student and father of a 16 month old daughter...So money is VERY VERY tight....What i do is buy a box of cents sort out all the coppers return the zincs, buy more cents with those, return the zincs etc. this ends up taking a couple months and only cost $25!!
Around the holidays(When i'm off school and able to work more) i use that extra money to buy silver rounds and bars(Mostly one ounce)
This is the most economical way i've found to do it...BE CAREFUL with credit cards!!! They are nothing to fool around with!! I'm going to college SPECIFICLY so i can make more money to pay off debts to credit cards!!! If i teach my daughter anything it will be STAY AWAY FROM CREDIT CARDS!! NOTHING GOOD COMES OF THEM!!
Very weird your right? it won't let you spell accomeulate right?
ACcomeULATE... I WROTE THIS ALL IN CAPS
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RUNNING TOTAL:
APROXIMATELY..i forgot to count a box!!
2824 Copper
68 wheat
25 canadian
1 Guatemala coin?(1979)What is this made of?
and a 250gram .999 pure copper bar(Jetco USA) |
Edited by - Ridewithme38 on 03/29/2007 14:53:48 |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 03/29/2007 : 15:41:32
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"Reneging on a valid debt (the one and only definition of which is one that you *agreed* to beforehand), thereby transferring responsibility to someone else for debt that *you* accomeulated, simply isn't justifiable. Sorry. Ain't buyin' it."
It is admirable that you live your life to that ideal. Unfortunately, the reality is the world is full of governments, businesses, and indivuals that are constantly reneging on valid debts. All the while they count on honest people like you to tow the line, pay your bills, and pay everybody elses bills as well.
And the game will go on until the back of every honest man is broken... |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/29/2007 : 15:46:22
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"As far as I'm concerned, all this high-flown "stick it to the man!!" talk is nothing more than justification for theft. I'm certainly no fan of fiat money or the debt game, and yes, the "money" they "loan" you doesn't really exist, but the value has to come from somewhere."
No it doesn't. Watch and learn:
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As for the notion that one has an oblication to repay debts, certainly one does. PROVIDED THE LENDER DOES NOT ATTEMPT TO CHARGE A USURY FEE. If they do, the kid gloves come off, imho.
________________________
"A nickel's nothing to scoff at."
C. Montgomery Burns
HoardCode0.1: M28/5CAON:CA5Ni35000:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16
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n/a
deleted
479 Posts |
Posted - 03/29/2007 : 19:11:07
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Just because other people are being immoral, does NOT give me the right to be immoral.
Maybe its just because of my Atheism,
Maybe its the way I was raised,
Maybe its my own free will,
but Pointing to someone else's misdeeds does not let me off the hook.
I am responsible for my own actions, period.
As to why this text editor will not let you curse, we can only assume that there was a decision to keep this place civil by not allowing people to spell come with three letters and a "U" in the middle.
This editor will not allow you to spell the four letter word that starts with a S and ends with a T and means the compostable end product of mamalian digestion.
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Paul Craig Roberts urges people to
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/29/2007 : 19:54:38
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See, if a perosn gives me fifty gold coins on a loan, it would be immoral not to give them back to him. But if a person gives me 100bits of data, whichn is all moeny is, I don't see the moral obligation to return 100 bits of data, as the "lender" can simply create more data at a whim. You can't "steal" something with no physical properties. Not music, not fiat money.
________________________
"A nickel's nothing to scoff at."
C. Montgomery Burns
HoardCode0.1: M28/5CAON:CA5Ni35000:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 03/29/2007 : 19:55:31
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quote:
Originally posted by Tin
EDIT: Why won't this sumbitch let me spell "accomeulate" correctly...?
EDIT: Accomeulate. Accomeulate. Accomeulate. Alright, I give up.
Hi Tin,
Don't let the forum software get you down.
We all know how to spell the word, well, you know,
its just that the software doesn't like any word
allowing a U between the letters C and M.
I guess it is block against p0rn (there it goes again.)
Meanwhile, the subject was What should a guy in college hoard?
Nickels and pennies in any form is a good idea. Just make sure you save them where they won't get spent to lost by accident.
Silver in the form of war nickels is another idea, they are relatively cheap, have little interest among coin collectors and silver bugs right now and are easy to put away. Once agian, store them away so they don't get spent by accident.
If I am not mistaken, the toilet paper idea was mentioned in a survivalist book by Ragnar Benson, only he suggested storing them in large PVC pipe to prevent them from getting damaged by water or the elements.
As far as the "max out your credit and let the creditors eat cake", that used to be easy to do, but since they changed the bankruptcy laws down here in the states, you are STILL on the hook for part of the bill.
You now have to pay some of what is owed, you now need a bankruptcy lawyer to straighten out the mess, AND if I am not mistaken (and I hope I am) the interest and penalties you no longer pay the credit card companines is considered INCOME to the IRS.
(Man, talk about getting tossed a life preserver made of concrete!)
I have learned in life I can't tell anybody to do anything (especially concerning my idiot brother and idiot sister) I can only suggest and leave it at that.
Thank you forum members for at least listening to me even if you choose to ignore my advice.
(free advice, worth every cent.) |
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n/a
deleted
14 Posts |
Posted - 03/29/2007 : 21:53:04
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Um... did someone just delete my last post?
If so, it seems that the software is not the only thing around here that's heavy-handed, dictatorial, and downright silly.
:/ |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 03/30/2007 : 07:41:10
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quote:
Originally posted by Tin
Um... did someone just delete my last post?
If so, it seems that the software is not the only thing around here that's heavy-handed, dictatorial, and downright silly.
:/
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I had a complaint against your post from a member. I too felt the content of your post was not appropriate for this forum. Your post was the first I ever had to delete due to inappropriate language during all the months I have been a moderator here. (I have recently deleted a thread that a member posted and later he or she appeared to be uncomfortable with the information he/she provided.)
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For good times to come or bad times to come, now is the time to save your copper or nickel coins. |
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Ridewithme38
Penny Sorter Member
USA
79 Posts |
Posted - 03/30/2007 : 09:00:00
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I always see posts like this and wonder what i missed...
.........................
RUNNING TOTAL:
APROXIMATELY..i forgot to count a box!!
2824 Copper
68 wheat
25 canadian
1 Guatemala coin?(1979)What is this made of?
and a 250gram .999 pure copper bar(Jetco USA) |
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What Should I Invest More In
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