Wednesday, May 17, 2006

Pennies Not Worthless

Think it's ok to lose a penny or nickel here and there? Well, there's now a reason to reconsider that belief. The metal in a nickel is currently worth MORE than a nickel. I think it's the first time since we left the precious metals standard. The current conservative trend in investing has created a large demand for metals. As the point on the demand curve moves right, the price goes up. In theory, you could go to the bank, buy $10,000 worth of nickels, take 'em to a metal dealer and sell 'em for a profit...


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