Dick Johnson submitted the following observations about a recent blog advocating the hoarding of U.S. five cent pieces. -EditorI don't read survival blogs, but I was directed to one this week because my correspondent knew of my interest in the future of cents and nickels. You might think a survivalist would recommend stockpiling nickels as a convenient form of currency after a national disaster. Oh contraire!
His reason is the same as everyone else's - he believes they are going to be worth more than face value in the future than present value, or the melt value of the coins' metal composition today. It is a way survivalists can earn a substantial return on an easy investment.
The author is James Wesley, Rawles (he sticks a comma after his second name in everything he writes!) He shuns pennies (cents, that is). A ton of cents is too heavy and takes up too much space. Instead Mr. Wesley Comma Rawles recommends socking away nickels.
He even suggests stockpiling these in rolls, stored in surplus metal ammunition boxes - they just fit. Don't use cardboard boxes - too flimsy, won't stack. He even suggests how to acquire large number of nickel rolls.
But don't put more than 5% of your total investment in nickels. As a survivalist he still sticks to his primarily recommendations of beans, bullets and Band-Aids.
To read his blog on nickels, see: Mass Inflation Ahead -- Save Your Nickels! (http://www.survivalblog.com/nickels.html)
Wayne Homren, Editor
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