2010-10-27blogspot.com

``Indications of faster inflation are starting to pop up in some interesting places... According to data from the coinflation.com web site, the melt value of modern day (post WWII) nickels is now 6-cents.That's a 20% premium over face value. The government, however, prohibits the melting of U.S. coins to protect against profiteers who would end up causing shortages of coins. Looked at another way, our smart federal government is beginning to lose money on minting nickels. Nickels are composed of both copper and nickel, both of which have skyrocketed in price.''



Comments: Be the first to add a comment

add a comment | go to forum thread