I’ve got just one word for you… just one word…
Nickels are the next bubble: the metal content is now worth $0.07. If you melt it down, it’s worth 7 cents. One of the characters who made a fortune betting on the financial collapse of the system, is buying nickels. So he rings up his bank and says “I’d like to buy 20 Million nickels.”
– Michael Lewis
|The Colbert Report||Mon – Thurs 11:30pm / 10:30c|
Since that’s a 40% premium, looks like I’ll have to add nickels to my American Eagle silver coin hoard.