PDA

View Full Version : How Much is a Nickel Worth? More than Five Cents, Says Michael Lewis (VIDEO)



madfranks
3rd February 2011, 11:40 AM
On 'The Colbert Report' Stephen Colbert quizzed financial journalist Michael Lewis about what he thinks the next big investment opportunity might be.

"Nickels is what you want to buy, nickels," Lewis explained.

"One of these characters, who made his fortune betting on the collapse of the system has started to buy nickels, " Lewis continued. "The metal content of the nickels is now worth seven cents. If you melted it down, you'd get seven cents."

According to Lewis, this mystery investor was able to get hold of 20 million nickels, which he keeps in a Brinks storage facility.

So hotshot financial types are hoarding nickels, apparently. This can't be a positive sign for the economy.

http://video.aol.com/aolvideo/aol-television/nickels-on-the-colbert-report-020111-tv-replay/773926739001

SLV^GLD
3rd February 2011, 01:38 PM
So, he has one meeelion dollars in nickels that have a current melt value of one point four meeelion dollars.
How long will he have to park that cache to A)realize truly significant gains and B)be legally allowed to cash in (melt)?

Now, I've got a few boxes of nickels stashed away, myself. But if I had big dollars to park on a metal nickel wouldn't be it because basic math tells me I can realize much higher gains in much shorter time frames onm different metals than government minted and circulating nickels.