Thursday, October 14, 2010

Nickels Are Now Worth More Than Nickels Are Worth

A long time ago Howtomakeadollar suggested collecting a bunch of nickels, holding them until their metal value increased, and then selling them as metal. We stated this prediction clearly, and we personally guaranteed that nickel prices would go up, over 5 cents. Well, they did. On October 12, 2010, the metal value of a nickel went up to 6.104 cents, meaning that the nickel in your pocket right now is worth more as metal than as money. And its actually worth quite a bit more. Right now the nickel in your pocket has made you just over 20% in profit, without you doing anything at all, except fishing around your pocket and smiling contentedly to yourself.

Since this awesome website is called How to Make a Dollar, I suggest you go clean out your car, look for an old piggy bank, and check under your sofa cushions. See if you you can collect five dollars worth of nickels (100 nickels). If you can find $5 worth of nickels, you actually have $6 dollars. Thats how you can make a dollar off money you already have, without doing any work or risking anything at all. Kind of cool huh?

Well, a dollar is all well and good, but its not an inspiring amount. Thats why we suggested buying several thousand dollars worth of nickels. Going from five cents to six cents is a 20% gain. A twenty percent gain on $1,000 is $200. Does $200 sound like decent money? Its certainly better than a dollar. 

But don't cash out now. Inflation is probably going to be a major theme in the world economy over the next several years. That means that metal prices are going to keep going up. Hold your nickels, collect more of them, and wait until they double up to10 cents in value. If you think that's far fetched, consider that in 2007 nickel prices were up over 7 cents, so its not a big stretch to think they could go higher in the future. A penny from before 1982 is now worth 2.5 cents, meaning it has more than doubled in value. Dimes made before 1965 are now worth $1.68. Nickels are following this trend as well. Right now they are up 20%, but they will eventually double in value at least.

In many ways this was the first "real" idea that we suggested, and we've suggested many other good ideas since then. However, this idea requires very little work on your part, and absolutely zero risk. Nickels are a completely risk-free investment. Worst case scenario, you still have the same number of nickels and the same amount of money. You haven't lost anything. 

Its easy to collect nickels. Just go to your bank and exchange $10 cash for $10 in nickels, or $20 for $20, or whatever. Of course, nickels get heavy when you start going up over $10 worth, so remember to bring a backpack or something, and don't try to buy like $100 (2,000 nickels) at a time. Also, the bank tellers will look at you like you are a crazy person, but you can always turn the tables on them and just look back at them like they are the crazy ones. That always gets them.


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