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Zinc price now equal to melt value of penny

 
Anonymous Coward
User ID: 82329189
03/03/2022 10:33 AM
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Zinc price now equal to melt value of penny
With zinc hitting $4000/ton today, the melt value of a penny is now exactly 1 cent.

Zinc has gone up 40 percent and will go higher. I would say another 50 percent in 6 months.

Risk free investment. Grab them up
Anonymous Coward
User ID: 79576593
United States
03/03/2022 10:41 AM
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Re: Zinc price now equal to melt value of penny
Plastic coinage coming right up!5a
Anonymous Coward (OP)
User ID: 82329189
03/03/2022 10:42 AM
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Re: Zinc price now equal to melt value of penny
First time ever...gonna take even the base metals which replaced the precious metals back in the day.

Same group of thieves
Seething

User ID: 77310877
United States
03/03/2022 10:43 AM
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Re: Zinc price now equal to melt value of penny
Plastic coinage coming right up!5a
 Quoting: Anonymous Coward 79576593

that’s funny
TinfoilHatMan

User ID: 47324532
United States
03/03/2022 10:47 AM
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Re: Zinc price now equal to melt value of penny
That's a self-fulfilling prophecy for the elite ending physical currency.

Whats cheaper than zinc? Iron? Are we going to make iron pennies again? lol, no. We just eliminate then entirely.


Create problem
Offer solution
Larphillips

User ID: 78895011
United States
03/03/2022 10:48 AM

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Re: Zinc price now equal to melt value of penny
And copper pennies (pre-82) are at $.03 and nickels are at $.075 melt values.
“A person is smart, people are stupid.”
“Nobody knows until everybody knows”
Blenderizer

User ID: 80562797
United States
03/03/2022 10:48 AM
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Re: Zinc price now equal to melt value of penny
With zinc hitting $4000/ton today, the melt value of a penny is now exactly 1 cent.

Zinc has gone up 40 percent and will go higher. I would say another 50 percent in 6 months.

Risk free investment. Grab them up
 Quoting: Anonymous Coward 82329189


Bummer I cashed in all my pennies a month ago so I could eat.

afro
Modeling reality
Larphillips

User ID: 78895011
United States
03/03/2022 10:52 AM

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Re: Zinc price now equal to melt value of penny
Also keep in mind that US paper money is created by the Fed as a ‘promise,’ backed by nothing.

Coins are meant to be a ‘trade-in-kind’ backed by their own contents.
“A person is smart, people are stupid.”
“Nobody knows until everybody knows”
Anonymous Coward
User ID: 82039327
United States
03/03/2022 10:53 AM
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Re: Zinc price now equal to melt value of penny
And copper pennies (pre-82) are at $.03 and nickels are at $.075 melt values.
 Quoting: Larphillips


I've been hoarding the pre-82 pennies for years.
Anonymous Coward
User ID: 81523311
Canada
03/03/2022 11:00 AM
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Re: Zinc price now equal to melt value of penny
First time ever...gonna take even the base metals which replaced the precious metals back in the day.

Same group of thieves
 Quoting: Anonymous Coward 82329189


Every. Single. Time. Also notice the Federal Reserve has NOT stepped in to halt runaway inflation which has gone hyperbolic. There mandate is 2% inflation...

lmao
Blenderizer

User ID: 80562797
United States
03/03/2022 11:03 AM
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Re: Zinc price now equal to melt value of penny
First time ever...gonna take even the base metals which replaced the precious metals back in the day.

Same group of thieves
 Quoting: Anonymous Coward 82329189


Every. Single. Time. Also notice the Federal Reserve has NOT stepped in to halt runaway inflation which has gone hyperbolic. There mandate is 2% inflation...

lmao
 Quoting: Anonymous Coward 81523311


Well that's a mandate they created for themselves. They've been self governing for over 100 years. Congress is a bunch of pussies, they can't reign in their masters.

Their sole function originally was to lend to banks that were experiencing mass withdrawals like a bank run.
Modeling reality





GLP