Tin Foil Hat Strategies for the Everyman

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Monday, February 18, 2013
Don your tin foil hats readers, we're going for a ride. Lets begin with the realization that every other precious metal speculator and doomsday prepper out there is more than likely scooping up every bit of gold and silver they can get their hands on to use as a fallback currency in the event that the US economy tanks or the world ends. In terms of US currency, that means they are hoarding pre-1964 quarters and dimes due to the 90% silver content they are formed from. However, finding these coins among your pocket change is nigh on impossible nowadays and if the US mint hasn't removed them from circulation, the silver speculators have already sorted most them out of the current pool of coinage floating around in a register till near you. But, if you care to listen, I'm going to put you on to some shit that you CAN get your hands on. Ready? Got your tin foil hat nice and snug? Don't want the aliens picking up this inside tip from your excreted brainwavery. Ok, here it is: PENNIES. Yep, mutha-fuckin' pennies. All 1982 and prior pennies were struck from 95% copper blanks. By weight, the value of copper in a 1982 and prior penny is $.02, double that of its face value. Boom. Instant 100% return on investment, right? Wrong. For now anyways. This is because no scrap dealer will touch copper pennies due to laws against mutilating US currency and due to the fact that it is technically illegal to export pennies and nickels for the purpose of destruction (http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=724). However, people have begun hoarding pennies on speculation that the US mint will do away with a one cent currency thereby nullifying any law against melting them for scrap. I read an article about a warehouse holding a quarter of a million dollars worth of copper pennies. If legislation ever passed to rid us of the one cent currency, they would stand to make $250k overnight with zero risk involved. I mean, if worse came to worse, you could always turn in your stockpile of pennies at face value, never having lost even a cent (not counting any interest you may have gained in a savings account). So, my loyal readers, I expect you to hammer open your piggy banks and start sorting the pennies. You have just had an egg of knowledge cracked all over you. You're welcome.

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Just another idiot with a blog

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