Friday, January 26, 2007
FUN FACTS : Sure to make the government nuts:
Raw material prices in general have skyrocketed in the last five years, sending copper prices to record highs of $4.16 a pound in May. Copper pennies number 154 to a pound. Prices have since come down from that peak but could still trek higher.
Even at 3.00 per pound you are looking at approximatly 100% return on pennies... never mind penny stock, just buy real pennies, at 50% copper weight prices!Sort or like in the 1920s when Gold was kept to $20 per ounce. $100 for 5 oz of Gold at todays prices ($600/oz) = $3,000or roughly 30 to 1
Or in the 50's when Silver was kept to $1 per oz (as "silver dollars" were then made with 1 oz silver) so hoarding dollars would yield about $7-8 per oz today or a 700% return.
Who needs online gambling with the government giving away free money like that....and they can't throw you in jail for "coin collecting"!!
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