The Jersey DEvil
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Mass inflation ahead - Save your Nickels!
- Thread starter The Jersey DEvil
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PhattyB
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- Apr 3, 2012
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I've read the books "Survivors" and "Patriots" by that author. While I don't expect our government to fail, it's still nice to be prepared.
Saving nickels is definitely a worthy investment as they're already valued below melt. Canadian nickels are even better when they were .999 fine from 1955 to 1981.
Saving nickels is definitely a worthy investment as they're already valued below melt. Canadian nickels are even better when they were .999 fine from 1955 to 1981.
Generic_Lad
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I'm not sure if I agree with hoarding nickels at this time. If I had the cash to buy and hold investments I'm sure that I could find things with higher yields than the potential for nickels. Of course it is risk free and has good potential upside but I'm not going to buy $500+ in nickels and keep them stored. Perhaps when the nickel is debased I'll start keeping them but right now I think silver/gold are better at the moment.
Personally, I think that silver is vastly undervalued, especially in comparison to gold. Historically there has been very close to a 16 to 1 ratio of silver to gold. Today there is a ~51 to 1 ratio, it takes 51 ounces of silver to buy one ounce of gold.
Personally, I think that silver is vastly undervalued, especially in comparison to gold. Historically there has been very close to a 16 to 1 ratio of silver to gold. Today there is a ~51 to 1 ratio, it takes 51 ounces of silver to buy one ounce of gold.
mills84
Jr. Member
Whether I believe so or not, it could just be that gold is currently overvalued.
fistfulladirt
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Our government has already failed. It's the economy that's tanking. You are right, it's good to be prepared.
