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 Replies: 25 / Views: 3,735 |
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Pillar of the Community
Canada
3692 Posts |
I don't buy the argument that PMs prices are correlated with inflation or buying/purchasing power. Why then did the prices dip so hard in April? Why do they drop at all - should they not stay stable? They're traded as commodities.
A year ago an ounce of silver could pay my transportation for 5 days. Today it only covers a fraction of that cost. There's really no guarantee.
Re: "nickel bullion"... Let me sell you some Canadian coins and other foreign coins for their nickel value. Any takers? There's even copper-nickel, so you can diversify! ... :(
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Bedrock of the Community
13014 Posts |
Quote:
Gov already spends 10 cents to make it. Which is why theyll never be legal to melt. Maybe in a 100 or so years if theyre no longer used at all like the 2 cent and 3 cent pieces, but not our lifetime and the ultimate return on hoarding nickels would be awful from a metal content standpoint. Same goes for pennies Sap had a post in another thread about it as well explaining how expensive it is to melt those mixed metal coins. Quote:
Everything I have remaining is "free". Best plan someone can have that wants metals. You cant lose when you have nothing invested in it and its all profit |
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Valued Member
United States
102 Posts |
are 1964 dimes , quarters and half's legal to melt ?
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Valued Member
United States
102 Posts |
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Bedrock of the Community
13014 Posts |
Dimes quarters and halves are cus the government makes money having to replace it so they dont care. Nickels and pennies are illegal
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Valued Member
United Kingdom
183 Posts |
Quote:
A year ago an ounce of silver could pay my transportation for 5 days. Today it only covers a fraction of that cost. There's really no guarantee. there's never a guarantee, pm's usually hold their value better than iou's/paper money. Just look a zimbabwe's currency? pm's are not fixed and will fluctuate with demand and supply. if you need to trade at a point when the pm's price is at it's lowest in that particular cycle then you'll sell it under it true value(quick car sale) if it cost 10 cents to produce, is a 5 cent really only worth 5 cents? HH |
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Bedrock of the Community
13014 Posts |
Quote:
pm's usually hold their value
better than iou's/paper money. The only surefire way to hold wealth value is to have it growing over time. If you look at PMs theres times when you lost value, times that it was even, and times it gained. It all depended on when you bought though. You never heard anything about holding value in the 90s or early 2000s because it wasnt, but now that we entered a period where it does people hype that up. Plus you also have to factor in the selling aspect of it where youll either lose some of the value selling to a store or lose from fees to a site like ebay. Plus whatever premium you paid to purchase it in the first place. Zimbabwe also isn't a comparable to a first world country either. They have 0 impact on the world economy and were a tiny one to begin with. Quote:
if it cost 10 cents to produce, is a 5 cent really only
worth 5 cents? Yes, thats all it can be spent for. Unless you want to argue 100 dollar bills are only worth the few cents it costs to make them or a dollar coin is only worth a fraction of that as well. |
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Valued Member
United Kingdom
183 Posts |
if zimbabwe's currency was backed by gold do you think it would have changed anything?
a crook may disagree with what the 5 cents coin is worth?
HH
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Pillar of the Community
Canada
2805 Posts |
The cost of production doesn't have anything to do with the price of the result... if I cast myself a pretty silver bar and my silver-meltin' furnace is fueled by burning $100 gold certificates, I might have lost a lot of money but the bar doesn't gain the wasted money's value...
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Valued Member
United Kingdom
183 Posts |
I was under the impression that if you were to melt and sell the
metal of a 5 cent coin you would get 5-10 cents per coin.
thus it's illegal to do so.
HH
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Pillar of the Community
Canada
2805 Posts |
No, the metal value remains under 5 cents.
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Bedrock of the Community
13014 Posts |
I think their melt value is under 5 cents right now anyway. Even if it was over though there would be cost associated with separating the metals. Its more than likely just illegal as a precaution if the metal price moved enough to make it worth it since it costs them more to make. Anything that costs over face to make will be made illegal to melt for circulating coins
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Valued Member
United States
102 Posts |
did you know that the ruler of ROME in around the year 200 that the ruler NERO being a man lookin out for the "citizens of ROME" went on down to the "MINT" and had 10% of the silver taken out of the coins of the time and had 10% copper used THEN after a while the 'citizens" of ROME found out and , well they were then 10% short on the end but Mr. NERO had the silver he needed to well do what he wanted ?  |
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Pillar of the Community
Canada
2805 Posts |
Cool! I wonder what other lessons modern American finance could learn from ancient Rome? Probably a lot, right?
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Valued Member
United States
102 Posts |
The biggest lesson is that the leader a a powerful nation lied to the people and had a secret agenda that would destroy their faith in that leader and cause the fall of a once great society and nation !
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Replies: 25 / Views: 3,735 |
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First Page
Posted 02/16/2014 5:59 pm
