NICKEL METAL-Poor man's Silver?
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Do you think Nickel Metal is a good investment? I do, and am buying Canadian Nickels (Coins), but would love to hear intelligent arguments as to the investment prospects of Nickel in the next 10-20 years, what do YOU think? :)
~Mike Tayon (SoapinTrucker-USA) |
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 yes you right!same thing with copper!
james |
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Quote: james wolfe
Copper, I have to disagree, sort of, I mean since Nickel is 3 times the price, and will be cheap for quite some time, why waste effort and resources even messing with Copper? Just a thought (Holding money in Copper, keeping your money tied up in Copper, INSTEAD of Nickel and Silver, wastes it's (the money) potential don't you think? :)
~Mike Tayon (SoapinTrucker-USA) |
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I disagree, nickel is not a rare metal, nor is copper. As soon as demand in China and India wain the price will drop.Geological exploration and mining has increased, now there is undercapacity but sooner or later there will be overcapacity and it will never be viewed as a precious metal.
"Such is life" Ned Kelly |
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Quote: Enlilninlil
Really? Then why does Canada want it's Nickels back so bad? Why did a lot of countries start using Zinc instead of Nickel in their coins/alloys? It seems like Nickel is a sleeper, the kind of investment that is quiet, you collect it, hold it, and one day BAM! Nickel goes up twice as much and you sell. I think it's a safe bet, but a long term bet :)
~Mike Tayon (SoapinTrucker-USA) |
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dont get me wrong about copper i love nickel just got some canadian today in swap and i love the toned usa nikels. keep on truckin
james |
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You can do the same with any coin, hold it long enough and as inflation increases, along with the metal price you would see it happen, like the older Australian pennies that are worthmore than face value, but in say 1890 they were not, inflation adjusted. I do not see nickel and copper being anything out of the ordinary. Also the fact that many countries need to reform all or part of their coinage system will lead to a greater signorage and reduction in useless coinage.
"Such is life" Ned Kelly |
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Quote: james wolfe
I love Copper, a lot! But only in coins right now, I love bronze and brass to, they make coins looks better than just cupro or nickel, or even most old silver coins, but Silver looks really nice in high grade newer coins, the cameo they put on coins today looks great, like our newer nickels (5 cent coins). :) Mike p.s.-not truckin today, off till Monday, discovered I had 5 days vacation on the books that don't rollover by June, so, time to play with coins LOL :)
~Mike Tayon (SoapinTrucker-USA) |
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I watched a program about the words slums and i think it is inevitable that just as the slums in th UK were cleared and satisfactory housing was built for the poor and other items necessary for a basic but good standard of living for the poor become expected demand for metals such as copper and nickel will go through the roof. Nickel may be common but its used in many alloys we all use such as stainless steel. Their are an estimated Billion people living world wide in slums and they expect this figure to double. also mining copper (not so sure about nickel) causes terrible pollution which people may not tolerate in the future. At present child labor in Africa is being used illegally and illegal mining takes place in Brazil to keep up with demand for these and other metals so the question is how long will these practices be allowed to continue and what will the impact on value of metals be if they are stopped. |
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Definitely some interesting points you mention! Guess what? Since I posted that, I stopped collecting Nickel, and actually got rid of all my Canada Nickels, but kept quite a few pounds of other foreign Nickel coins, but now, I want to focus on TIN! LOL Tin actually goes for a little more per pound right now, though that could change in a war I suppose, but Tin makes a great (at least I THINK it does!) doomsday investment! If I buy Tin, not only will it protect my dollars buying power for the future like most metals, but then if there is a catastrophic event where the dollar is worth nothing, and people want food and water not SILVER or GOLD, Tin will be in huge demand to make bullets, or even other stuff because you can MELT it yourself! :)
~Mike Tayon (SoapinTrucker-USA) |
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If there were a doomsday event (like the world ending this year!) a tin of cookies sounds like a better investment! What else would I eat, as I watch it unfold on TV? 
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Quote: @josephjk
 You would have to be creative in the food realm of things no doubt!
~Mike Tayon (SoapinTrucker-USA) |
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Well, it's profit margins really. I'm sure you are right about nickel, but unless you're buying it by the tonne, you're not make much out of it. 15 pounds of the stuff ain't gonna cut it. |
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I like your idea on keeping hold of these coins and the value will go up. However, all markets fluctuate. There will be demand, there will be no demand. As Scotty says, you need tonnes of the stuff. I don't know if there is more stuff in your truck...but you are going to need it if there is. In the UK we have people, gypsies (Travellers) who actively collect all sorts of scrap metal, sometimes the buy old banger cars for the scrap metal. (Leaving out a lot of information.) But you get the point. They get this stuff, mostly for free and they turn it into cash at the scrap metal merchants. (Some laws and restrictions have come into play to prevent freelancers.) You need to shrewdly invest your nickels, tin 'bah', use your nickels, coppers, to buy silver or gold. A country is always going to want gold. I'm not saying the melt market is good thing...but it sounds like that is what you are up for and that is your prerogative. Choose a metal, stick with it, and get collecting. |
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I agree with Bam777 when he says if your going to invest in metal then silver or gold is your best bet, however it is possible for any type of metal to take a plunge in the market place and for any to rise which means its wisest to invest in a range of metals, if you have somewhere secure and large enough to store large quantities of metal then i would stock anything in the way of Tin, Copper, Lead and Nickel Aliminium i would just wiegh in as its very light and takes up a lot of space. However if you do have the space to store these metals then you could probubly find a more productive way of useing it to make money. |
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Yes, Gold & Silver are THE way to go, if you can afford them  I'm not really interested in making money per se (getting rich), I am mostly wanting to save money right now, and don't want to put it in banks, so I have been keeping an eye on good copper deals, and watching Tin. I was, and probably still will, buying Silver last year, but am now using it to pay bills while trucking is slow :( The thing is, if I am going to tie up my little bit of money that I can afford to put in metal, why not get a metal that is useful for holding my dollar value (Tin ingots will re-sell for more than I paid in the 10-15 year time line or "horizon" I'm looking at for retirement), AND would be useful to me and the common "Joe" in a catastrophic event? I was in a motel in Chula Vista (San Diego Area) a couple months ago or so, and the power went completely out in all of San Diego County clear up to Escondido! This happened supposedly because of a guy in Yuma AZ replacing a piece of equipment!!!!!!!!! As any Californian can tell you, there are good odds that a MAJOR earthquake is overdue here, and that could easily knock the whole "SoCal" grid for a loop, for days or even weeks. Until things get under control, I suspect locals will want to trade food, metal, bullets/ammo with each other because conceivably, a major earthquake could also screw up the trucking, transportation, and ports in SoCal for some time, and the dollar would probably take a back seat to bartering? Anyway, all I can do is what I can do, and Gold is just not in my sights, it's too high anyway, and I do understand "Gold isn't high, the dollar is low" way of thinking, but I don't "buy" into that, but that's another discussion :) Mike
~Mike Tayon (SoapinTrucker-USA) |
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That is fair enough...more power to you. Good luck with whatever you decide. As I said, I like the idea. |
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 Oh hey Bam, by the way, it just "clicked" what you said about the truck, no no no,, I don't keep metal in a truck, I keep it at home, of course, with my Wife! :)I am not the conventional truck driver either, I drive a day cab over the road for 7 or 8 days staying in a motel or bunkhouse every night, then come for for a couple days, and then do it all over again! :) Sometimes I'll be out only a couple three days then might be back home for 10-20 hours, then go back out for another few days or a week, and some times I'll be out 2 weeks, if I can stand it that is, or if the company needs me to be, but over all it's not the big smelly sleeper on the road for months scenario, oh hell no!!!! LOL :) Mike
~Mike Tayon (SoapinTrucker-USA) |
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Quote: SoapinTrucker-USA
Not to mention the possibility of a large portion of the southern beach cities sliding into the Pacific when "The Big One" finally hits! 
Just because you can't see it ... doesn't mean it isn't there - Anon |
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You may have something with the nickel ... I have mainly bought Canada nickel dollars 1968-1986 ... seems like a good option ... however, I believe 2012 is the year for silver ... I am predicting between 30% and 50% increase in silver prices in 2012 ... Buy Canada Maple Leafs ot U.S. Eagles (one ounce silvet coins)
I am willing to trade for Canada or United States coins. If we cannot do a swap, I am willing to sell any of the coins in my collection. |
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Quote: coinsoldier
Yes, I did have Eagles and Maples but had to sell them at Christmas, trucking isn't always so generous with the miles ;) As for Silver prices, I see Silver going up yes, but not too much for too long. I'm thinking it will get up to the 40's in the next few months, but don't expect it to stay up long, I even think that Silver will fluctuate between $30-$60 for the next 3 years! :)
~Mike Tayon (SoapinTrucker-USA) |
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Here's the bottom line about PMs.... I've been listening to the radio and even watching a little TV recently and noticed two very interesting commercials. I don't know if you get the same stuff out west but I reckon a truck drivers gets to hear just about everything eventually. One of the companies is Goldline, the other one has that fat oily guy with the spiky hair but the name escapes me. Anyway, here's the oddity, the one is offering to buy coins for 1% over spot price, the other (fat guy company) makes a big song and dance about selling coins.... for 1% over dealer cost. Those kind of margins, even allowing for a little chicanery in the S&H price, are simply unsustainable. Yet these companies have been around for decades. So how are they making a profit and paying for all tjhe TV and radio ads? It's not by selling coins with a 1% markup for sure. They prosper by manipulation, selling coins as a "hedge against inflation" to eager buyers, using ex swimmers and Watergate burgulars as frontmen. People are worried about stock market manipulation and the out of control Federal Reserve so they play up those fears but fail to mention that the bullion market is just as much of a lottery. COMEX allows leveraged trading where impossible amounts of paper gold and silver are bundled and sold each day. It's a big house of cards just waiting to collapse, just as the sub prime loan market, the derivative market, the real estate market, the 1980's bond market, the 1990's tech market, the dot.com bubble have already done. At least in some of those examples there was no track record to alert investors. The PM business has a long and sordid history of pumping and dumping. Once the next dump cycle begins these same companies will buy back the "investment coins" from their panicking customers for pennies on the dollar ready to sell them once the next pump cycle starts. That's the dirty little secret, they need a market crash every few years in order to make money. The overall trend for ANY commodity metal is going to be upwards. There will always be an exception or two (ask aluminium investors about that one) but unless they find an underwater silver mountain then it's a safe bet. Ignore the posturing of fat oily guys and Glenn Beck, and be prepared for short term crashes every few years. Invest for the long term in physical assets not paper holdings and if possible acquire a range of metals, especially those with industrial applications. Anyone trying to make money by second guessing the big boys WILL lose their shirt. They know the time of the next crash down to the minute, we don't. Buy and hold guys, buy and hold.
Illegitimus non carborundum est - good advice for all coins |
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Hello all, I've heard this debate over and over again, about the PM market as well as oil and other commodities. I just don't know that I buy into the idea that prices are just going to keep rising. Most people that I talk to seem to think that prices for metals will never fall. I can agree that tell will not drop back to the levels they were at in the 1920's, but neither will milk or bread. I believe prices will drop once the world economy levels out. It may take 5 years to fall, but I have faith in economic gravity. And again in another 20 years or so, the worls will have a crisis and prices will spike. I don't agree that it makes sence to buy and hold. Unless you have a private vault or another way to insure safty for the product you buy, then you have to pay to have it secured. Unless you are buying by the ton, the gain from a 2% increase in value of a metal over a 15 or 20 year period would easily be over come by these cost. At the point the economy is now, it makes better sence to invest in stocks. They have much more room for growth. I collect for the long term, but I only buy with intent to profit, those deals that are fairly safe bets for the short term. I can't sit on large sums of unsellable metal for decades, nor can I afford to lose much. But everyones finances are different and what work for one, will not work for all. |
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I think buying gold s a wrong bet, it will go down when the recession in a lot except my country is over and the demand decreases.
"Such is life" Ned Kelly |
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Silver will always be a poor man's gold. I predict silver will do better than 25% over 2012. Silver closed at under $28.00 per ounce on December 30, 2011. I am gambling that it will end this year at $35.00 per ounce (25% increase).
I am willing to trade for Canada or United States coins. If we cannot do a swap, I am willing to sell any of the coins in my collection. |
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