Home > Uncategorized > United We Bland: Hoarding Nickels, Collecting stamps? Is this the best investment for America\’s working poor?

United We Bland: Hoarding Nickels, Collecting stamps? Is this the best investment for America\’s working poor?

Should you stick your money in a bank at 0.1% so they can lend it back to the public at 6% for mortgages, and 8% for car loans, and 14% for people using credit cards to pay utilities and for food…

US five cent coins contain over 7 cents worth of raw material as of this afternoon, mostly copper and of course, nickel. If there is inflation, the prices of metal will increase, and the coin will have 8, 9, 10 cents worth of metal…

If there is deflation, the coins are still currency at face value…  There is also no transaction cost for “buying” these coins…

If coins are too heavy for you, try “forever stamps” sold by the United States Postal Service for 44 cents. These stamps are good for one first class letter no matter what the price of a stamp in the future. They were first sold for 41 cents on April 12 2007.

via United We Bland: Hoarding Nickels, Collecting stamps? Is this the best investment for America\’s working poor?.

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