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 Replies: 21 / Views: 1,897 |
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Valued Member
 United States
447 Posts |
OK. So far it's;
Go to the bank and cash 'em in,
then buy a gun and guard my gas tank.
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Moderator
 United States
6563 Posts |
 Just make sure not to Shoot the gas tank on accident |
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Bedrock of the Community
United States
10045 Posts |
Quote:
My suggestion is you'ld be better off hoarding lockable auto gas caps. With the economy the way it is, people will be stealing gas from cars.
Well, don't worry yet--it's not like 1973. We currently have a glut of petroleum...tankers are idling full outside ports because production has outpaced demand. Not peak oil...yet. |
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Pillar of the Community
United States
3098 Posts |
Quote:
Not peak oil...yet. Technically, peak oil means the time when oil production is at their highest, and then oil production from that country drops off every year after that. If I'm not mistaken, our peak oil was in '72 or something... Venezuela in 2002... Demand isn't up because no one has the money to spend on petrol anymore! Quote:
buy a gun Yeah! But sadly the one I want costs more than an UHR and isn't California legal... But on the bright side, it will sorta completes my German set!  |
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Pillar of the Community
United States
1179 Posts |
I will never understand people that are hoarding these. Not worth the time to me or the pain to sell them.
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Pillar of the Community
United States
2269 Posts |
My philosophy is, "if you need heavy equipment to move your hoard, then you have too much."
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Moderator
 United States
56855 Posts |
Is $275.00 worth of copper LMC a hoard  .Is anybody buying these copper discs John1  |
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Valued Member
United States
164 Posts |
Dump them! The space to store them is outrageous - by the time you have enough to make some serious cash, gas will be 25/gallon and dinner out will be much more.
With all of the money being printed, IMHO, inflation will have eaten up the return you make o nthe cents when you sell them 5, 10, 15 years down the road!
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Bedrock of the Community
United States
10284 Posts |
You might know a little bit about me if you know where this comes from but it makes sense.
Now I don't know but I been told
it's hard to run with the weight of gold
Other hand I heard it said
it's just as hard with the weight of lead
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Valued Member
United States
311 Posts |
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My philosophy is, "if you need heavy equipment to move your hoard, then you have too much." Mine is "It's not a 'hoard' if you can move it without heavy equipment" Edited by PennehChaos
03/10/2009 5:02 pm
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Valued Member
United States
462 Posts |
If you put $1,000 in copper cents one year ago, you have more than if you put $1,000 in Citigroup, Bank of America, GM, Ford or THOUSANDS of other companies! If I had cashed out my 401K 2 years ago and put the $50K in pennies, today I would have $50K instead of $20K. Storage might be an issue, but not that much, I live in a large house. So I store the the few thousand coppers I have. When the economy picks up, having a penny be worth 2 pennies is 100% gain!
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Valued Member
United States
187 Posts |
SAVE THEM!! These still sell for a premium. Going rate right now is 1.3-1.5 cents! And its NOT hard to sell these. https://www.realcentforumco.com has a lot of usefull information about copper cents. Even online dealers are buying them! Also there was such a demand that ebay had to make a copper have its own section under the bullion tab. When they go back to selling for 3-4 cents each you will regret getting rid of them for 1 cent |
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Valued Member
United States
327 Posts |
If all else fails, true copper cents are much more easily melted into things like arrowheads and axes than the zinc core ones.  |
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Bedrock of the Community
United States
20753 Posts |
Hoarding almost anything for monitary purposes is a great risk. At a flea market someone I knew that sold there was hoarding those Beanie Babies. The market for them was fantastic and certain ones were really hot. He ended up selling them off for about $2 each and was lucky to get that. Someone I know told me a friend of his collected those Hot Wheel Cars. He had to move and the movers charged extra due to over 3,000 pounds of those things. I see them at the flea markets for about $0.50 each now. My son USED to collect those baseball/football cards and always told me how much they will be worth someday. Yeah, right. Along with lockable gas caps, I suggest you look into stocks in the Buggy Whip companies. If gas goes back to over $4/gallon, people will be right back in horse and buggies and you will have stocks in those whips.  |
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Valued Member
United States
188 Posts |
I keep all my cents from the boxes in dated tubes until I check them for errors and varieties. I only save the BU ones, the rest then go back to the bank for you horders to find. Its actually pretty challenging to get a full roll of BU LMC from bank boxes. Between the weak stikes and the amount of circulation they have it is tough. I think if you put the money you were hoarding in copper cents into a CD you would make a better return on your investment, since its illegal to melt them. To each his own, I guess!! |
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Replies: 21 / Views: 1,897 |
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Posted 03/09/2009 11:54 pm
