Hello Hugh and Jim,
Per Jim’s good advice, my wife and I have been taking nickels out of our pocket change each day and setting them aside. It has been an easy and painless way to simultaneously set aside some cash, hedge against inflation, and invest in industrial metals. Over the last couple of years, we have accumulated over $150 in nickels. I’m wondering now, at this point in time, whether it would be wiser to take the cash value from those nickels and use it to purchase pre-1965 “junk” silver coins, or retain the nickels as a store of copper and nickel as a hedge against inflation. Very interested in your opinions on this matter. Thanks, SB in CA.
Both silver and gold seem to be holding relatively steady right now. While not as low as it has been, the price is reasonable. Depending on the seller, you should be able to get nearly eight ounces of silver for your $150 right now. Seems like a good move to me, as junk silver is fairly well recognized.