Pennies in the Economic Collapse

RyanChappell · Apr 19, 2011

Wouldn't it be ironic, if the financial systems collapse and the copper value in a penny goes from 2.8 cents (pre-83', .6 post-82) to 30 cents, (10 post) and they become the most common currency? They are much more common than silver and gold coins. Nickels would be good too.

fred sanford · Apr 19, 2011

thats why

Thats why I am hoarding them. Never know.

RyanChappell · Apr 20, 2011

fred sanford said:
Thats why I am hoarding them. Never know.

They don't cost much either.

My wife used to nag me to roll them up and cash them in. I never felt the urge, except for maybe to separate the copper ones, and cash in the post 82 cents, but never did. Copper is the next silver, silver is the next gold. I still think stocks are the way to go if things ever recover...

beerdoodle · Apr 20, 2011

PM,s all the way. Wall Street is a fantasy.

RyanChappell · Apr 20, 2011

beerdoodle said:
PM,s all the way. Wall Street is a fantasy.

They average 3% a year long term. Stocks average 10% long term, not a fantasy. If you want a straight line investment that leaves you with just bank CDs and annuities, yuck. The only thing propping metals up is consistently poor economic policy.

Greek2Me · Apr 20, 2011

RyanChappell said:
They average 3% a year long term. Stocks average 10% long term, not a fantasy. If you want a straight line investment that leaves you with just bank CDs and annuities, yuck. The only thing propping metals up is consistently poor economic policy.

Well, then it sounds to me like we will have no shortage of higher PM prices. Im sure there will be NO shortage of poor economic policy for the next decade or so.

RIdetector · Apr 20, 2011

RyanChappell said:
Wouldn't it be ironic, if the financial systems collapse and the copper value in a penny goes from 2.8 cents (pre-83', .6 post-82) to 30 cents, (10 post) and they become the most common currency? They are much more common than silver and gold coins. Nickels would be good too.

I don't think it's if the financial systems collapse.it's when the systems tank,soon maybe?

TR Mook · Apr 21, 2011

I'll say it one more time. I'm afraid currency will be worthless if a major collapse comes. Just make sure you have some .17 cal heavy barrel varmit guns, a couple shotguns and plenty of ammo. To keep the deer away from your garden of course...

RyanChappell · Apr 22, 2011

TR Mook said:
I'll say it one more time. I'm afraid currency will be worthless if a major collapse comes. Just make sure you have some .17 cal heavy barrel varmit guns, a couple shotguns and plenty of ammo. To keep the deer away from your garden of course...

Even gold and silver coins? I see what you are saying. Like if Zombieland happened, you can't eat gold, but I think we would be somewhere in between, and if people are still exchanging goods and services, something scarce and easily exchangeable would take the place of our current currencies.

People are already thinking gold and silver coins, so I am going to the next logical step Copper coins.

Vlad · Apr 22, 2011

RyanChappell said:
They average 3% a year long term. Stocks average 10% long term, not a fantasy. If you want a straight line investment that leaves you with just bank CDs and annuities, yuck. The only thing propping metals up is consistently poor economic policy.

If you invested with Berny M you have lost all

Enron anyone :?:

beerdoodle · Apr 22, 2011

way too many shysters out there. There is a whole boatload who haven,t been found out yet.

RyanChappell · Apr 24, 2011

beerdoodle said:
way too many shysters out there. There is a whole boatload who haven,t been found out yet.

Yeah they go way too easy on them. Rob a bank and you get 10 year, pilfer your own company as CEO and you get 2 years in what amounts to a county club. There will never be enough of them to steal all the profits of a diversified portfolio! The stock market is the only place suitable for investments over 15 years. I am just not putting money there until the US stops trying to ruin it.

Pennies in the Economic Collapse

RyanChappell

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fred sanford

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RyanChappell

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beerdoodle

RyanChappell

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Greek2Me

RIdetector

TR Mook

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RyanChappell

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Vlad

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beerdoodle

RyanChappell

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