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To: dynachrome

Why don’t people consider industrial metals instead of gold? For example, nickel “rounds” used by electroplaters.

At today’s spot price of $7.58/lb., my .7 oz nickel rounds are worth about $.33 each.

You could do the same thing with copper wire.

Gold is more portable wealth, but the industrial metals are easier to use for small trades.


21 posted on 09/22/2009 9:46:31 AM PDT by darth
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To: darth
Why don’t people consider industrial metals instead of gold? For example, nickel “rounds” used by electroplaters.

In a (for lack of better words) breakdown of society scenario, there won't be much industry around to need "industrial metals".

25 posted on 09/22/2009 11:23:29 AM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: darth

you don’t have to buy a 400oz bar (standard bar size in the movies)... you can get the bars of varying sizes. from as small as 1 gram.

some people swear by the coins, others like bars. for smaller then 1 oz, you’d prolly be getting bars.

do yourself a favor and shop around before buying. also investigate who you’re going to deal with.

you could also get other types of metals. silver has had a fairly good run recently as well. and it costs about $17 per ounce.

some links that might be useful:
monex: http://monex.com
24 hr gold price: http://www.kitco.com/charts/popup/au24hr3day.html


27 posted on 09/22/2009 1:39:24 PM PDT by sten
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To: darth

Pre 1982 (I think) pennies. All copper.

Might be handy some day.


28 posted on 09/22/2009 2:30:50 PM PDT by dynachrome (I am Jim Thompson!)
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