Tue, Jun 14, 2011 - 7:07pm
I was thinking about getting some copper, either in bullion or scrap. The premium on copper bullion is ridiculous and I don't know a legit place to aquire scrap (also the good oxygen free copper sheets for industry are pricey as well). On survivalblog.com, there was talk about storing nickels. I gave it a thought and lately, I've been stockpiling $100 boxes of nickels from the bank (just one box a month so far).
1. coinflation.com today says a nickel is worth 6.23 cents. So from a melt standpoint, I'm already a winner.
2. If the USA gets its act together and the dollar is stable, well, my nickels are still worth 5 cents and I haven't lost anything.
3. These boxes are HEAVY. There is no way a smash and grab robbery at my place is going to get all my boxes of nickels. A man might be able to run with one box. They would have to load everything in a truck. In order for them to take it all means I'm already dead defending my place and/or house alarm failed to call the authorities.
4. The act passed in 2010 allows the treasury to change the composition of nickels to something cheaper. They did this to silver coins and look at the value of junk bags of silver today. Todays nickels could be tomorrows junk bag of nickel.
5. Haven't tested it, but I'm thinking these boxes might stop incoming rounds of common calibers if I stack the boxes against the wall. Store of value + armour plate.
Edited by: Vrusk313 on Nov 8, 2014 - 5:11am