tag:blogger.com,1999:blog-1114926101804356708.post2916800545592609186..comments2023-07-12T09:12:51.013-07:00Comments on Survival of the United States: Should You Hoard Nickels?Survival UShttp://www.blogger.com/profile/03737783836836492641noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-1114926101804356708.post-85355233948674927432013-01-13T21:19:28.568-08:002013-01-13T21:19:28.568-08:00I paid less than $6/oz for my silvery last run. $3...I paid less than $6/oz for my silvery last run. $30 is hardly 'relatively low' for someone like me.<br /><br />Nickles are heavy, but if you have the space a $100 in nickles worth more than $100 in the Chase' computer banks or a piece of paper in the wallet.<br /><br />I can buy a nickle for 5 cents and next year it'll be worth a nickle.<br />Ive never lost money in the metals market but I can say that as a long term investor that right now you couldnt pay me to buy silver or gold. <br />Both are at very high prices from a decade ago and as the economy recovers are pretty much guaranteed to go DOWN in price, not up, as the dollar gets stronger and it doesnt take as many to buy gold or silver.<br /><br />Once the economy recovers (if it does with this spend happy administration) it could be a very long time before another economical collapse that sends metal prices soaring.<br /><br />Frankly, we who invest in metals long term are betting against the economy if we're honest with ourselves.<br />In the short term its just a supply and demand thing, but if we're buying up metals and its not to make money here and there then we are probably trying to be prepared for the worst case scenario.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1114926101804356708.post-5600942134582521122013-01-10T22:36:34.649-08:002013-01-10T22:36:34.649-08:00"Nickels just don't have any profitable a..."Nickels just don't have any profitable available channels where an easy sale can be made"<br />================<br /><br />Actually that wont be true in a very short while if Obama gets his way and we start minting new nickles in stainless steel.<br />There will easily be a premium for copper/nickle nickles on sites like ebay just like there have been for pre 82 pennies.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1114926101804356708.post-82182276113880587452013-01-10T22:34:27.894-08:002013-01-10T22:34:27.894-08:00eh...I bought silver at around $5-7 an oz a few ye...eh...I bought silver at around $5-7 an oz a few years back...I think I'll wait until its not in the $30 range before i buy anymore.<br />I wouldnt touch gold or silver right now for what I have to invest. Buying at some of the highest spot prices in my life time just seems to be risky given that if the economy survives Obama its very likely that gold and silver prices will recede. I bought gold at around $300 an oz. Not even interested at the current prices. A few good years for the economy and im looking at losses that might never be recovered in my lifetime.<br /><br />The nickles are bulky and heavy for sure, but if you have a place for them theyre fun to go thru and save.<br />Theyre also US coins which means they are worth wat I paid for them even if the spot prices drop significantly. <br /><br />If you have a place to store them I dont think you can lose with nickles for smaller investment amounts. <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1114926101804356708.post-45481529969047896402012-12-07T17:14:37.872-08:002012-12-07T17:14:37.872-08:00I'm aware the theoretical value of a nickel is...I'm aware the theoretical value of a nickel is higher than its face value. But what of it? I can sell my silver or gold very easily in a thousand different venues from refineries to eBay. Nickels just don't have any profitable available channels where an easy sale can be made. In addition, due to the weight/value ratio of these heavy coins that extra penny or two will have to be spent on shipping costs alone.<br /><br />I just don't see the value here.<br /><br />Thanks for your comment!<br /><br />RickSurvival UShttps://www.blogger.com/profile/03737783836836492641noreply@blogger.comtag:blogger.com,1999:blog-1114926101804356708.post-784016361432212772012-12-07T08:28:52.159-08:002012-12-07T08:28:52.159-08:00The silver-gold-nickel discussion is completely mi...The silver-gold-nickel discussion is completely missing the point. RIGHT NOW a nickel (0.05 piece) is worth about 0.06 to 0.07. This means you get a 20-40% immediate return for hoarding nickels. This is the equivilant of being able to buy Gold around $1400 TODAY.<br /><br />If we go through a period of hyper inflation (like the 1970s) the nickel coins will be STILL worth a minimum $0.05 currency value, but worth potentially much more in metal content. Meanwhile, Gold's current price is much higher than inflation expected returns. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1114926101804356708.post-91313326623114012462012-11-07T18:16:17.417-08:002012-11-07T18:16:17.417-08:00Lots of haters out there. If someone's got the...Lots of haters out there. If someone's got the space, and they're going to keep a few thousand dollars on hand, what's the difference between paper money and coins, particularly nickels? Well, the difference is that nickels have a slight possibility of increasing in value. Paper money can only lose value. I don't think anybody "hoarding" nickels is saying it's a better investment than gold, silver, or land. It's just got more potential than the green cotton/linen crap folded in everybody's wallet. And as long as paper money is still around you'll be able to trade in your nickels at the bank for a few bills you can easily spend at Walmart on some Chinese electronics.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1114926101804356708.post-45925842622990849092012-09-08T11:32:10.214-07:002012-09-08T11:32:10.214-07:00nick·el (nkl)
n.
1. Symbol Ni A silvery, hard, duc...nick·el (nkl)<br />n.<br />1. Symbol Ni A silvery, hard, ductile, ferromagnetic metallic element used in alloys, in corrosion-resistant surfaces and batteries, and for electroplating. Atomic number 28; atomic weight 58.69; melting point 1,453°C; boiling point 2,732°C; specific gravity 8.902; valence 0, 1, 2, 3. See Table at element.<br />2. A U.S. coin worth five cents, made of a nickel and copper alloy.<br />3. Slang A nickel bag.<br />tr.v. nick·eled or nick·elled, nick·el·ing or nick·el·ling, nick·els <br />To coat with nickel.<br />Survival UShttps://www.blogger.com/profile/03737783836836492641noreply@blogger.comtag:blogger.com,1999:blog-1114926101804356708.post-73133617333122328152012-02-18T14:09:37.929-08:002012-02-18T14:09:37.929-08:00I should take advice from someone that cannot even...I should take advice from someone that cannot even spell the word right?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1114926101804356708.post-32742936442827404892012-02-06T19:28:14.773-08:002012-02-06T19:28:14.773-08:00Prices have to go way up to be worth while. My da...Prices have to go way up to be worth while. My dad told me people said the same thing about silver in the 60s. "Silver! Its only worth $3 an ounce!". Hahaha, well now who's laughing at 35 an ounce. The idea is not to carry around 40 lbs of copper, its to carry 2 lbs worth $25 (eventually).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1114926101804356708.post-41377084235044248972011-11-26T13:10:16.666-08:002011-11-26T13:10:16.666-08:00I only meant that if our government collapses, its...I only meant that if our government collapses, its trivial laws designed to protect itself will no longer be in effect.<br /><br />So "If" it becomes legal to melt your nickels, a hand crank forge only requires enough fuel to feed me to keep it going. That would easily reach the 1170-1240 degrees C Cu-Ni alloys melt at.<br /><br />Of course gold and silver are the first choice, but roughly $170 in nickels fits into an ammo box and is a nice, 0 risk investment diversification.DrDPownoreply@blogger.comtag:blogger.com,1999:blog-1114926101804356708.post-75526419432690386752011-11-26T08:19:39.763-08:002011-11-26T08:19:39.763-08:00Melting copper nickel alloys (like US nickels) req...Melting copper nickel alloys (like US nickels) require a very high temperature, much higher than gold or silver. Higher temperatures mean high fuel costs, raising the possibility of a break-even or even net loss melting scenario. Companies that actually melt copper nickel alloys are rare, and high tech electric induction furnances are required.<br /><br />Secondly, I never advise anyone to break any US law. <br /><br />RickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1114926101804356708.post-58992017124873698612011-11-26T03:01:42.483-08:002011-11-26T03:01:42.483-08:00Well if we see hyperinflation, and then the fed st...Well if we see hyperinflation, and then the fed starts cutting zeros off the ends of bank accounts, stockpile of coins doesn't sound too bad! And nickels still are the winning choice over say a quarter in that situation, because if we get that deep in shit and then collapse, I highly doubt there will be much enforcement of melting coin laws.DrDPownoreply@blogger.comtag:blogger.com,1999:blog-1114926101804356708.post-61921647062098971622011-03-23T13:12:57.862-07:002011-03-23T13:12:57.862-07:00In the case of a currency collapse, I can see the ...In the case of a currency collapse, I can see the pre-1982 pennies and all nickels becoming the currency that is used to barter lower cost items. More expensive items will require silver and gold. It may be a good idea to switch US dollars for Canadian dollars during the US dollar peaks (if we ever see them being equal or better).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1114926101804356708.post-84708912593803317392011-03-13T10:04:01.220-07:002011-03-13T10:04:01.220-07:00Exactly. After seeing this about nickle hoarding i...Exactly. After seeing this about nickle hoarding in several blogs, my friend and I were discussing this point. Why would people hoard nickles when the price of silver is relatively low? As you pointed out nickles would be a major pain to store and transport. Thanks for reaffirming our conclusions.GlenMnoreply@blogger.com