Guaranteed way to make 35%

Discussion in 'Wall St. News' started by Free Thinker, Dec 16, 2006.

  1. just buy up all of the nickles for 5 cents and melt them and sell the metal for 7 cents.

    12/14/2006 WASHINGTON — People who melt pennies or nickels to profit from the jump in metals prices could face jail time and pay thousands of dollars in fines, according to new rules out Thursday.

    Soaring metals prices mean that the value of the metal in pennies and nickels exceeds the face value of the coins. Based on current metals prices, the value of the metal in a nickel is now 6.99 cents, while the penny's metal is worth 1.12 cents, according to the U.S. Mint.
     
  2. sprstpd

    sprstpd

    Sweet, am off to the bank right now. "Can I have 2 million nickles please?"
     
  3. Be prepared to hear about the theft of a lot of parking meters east of the Mississippi River over the next few months.
     
  4. silk

    silk

    Isn't that 40%?
     
  5. A classic example of why money should be gold and silver coin, only... a store of wealth.

    A nickel is actually worth 7 cents. a $100 bill is actually worth what, about 2 cents? And electronically created credit is worth zero. A few key strokes can create $Billions.
     
  6. A billion electonic dollars buys a lot of gold.