Just a short one today, and maybe this would have been more useful last year. The Canadian penny is being withdrawn from service. As a quick money making investment idea, for anyone, I find it curious that the media hasn't reported on the fact that pre-1997 pennies are mostly copper, and therefore worth 2 - 2.6 cents currently. From what I read about copper values, this is likely to increase, so maybe the NS govt should act now to cull these pennies, instead of returning them to the mint! If they're worth 2 - 2.6 cents now, who knows what that value might be in a few years. Then it'd be time to pull the pennies out and use them for something awesome, like a mass transit system.
melt values of Canadian coins:
http://www.coinflation.com/canada/
Forbes article about copper hoarding in China, making me wonder if this is where our melted down pennies are headed:
http://www.forbes.com/sites/gordonchang/2012/02/12/china-is-hoarding-copper-why/
And while I'm at it, article I read recently making me wonder why Canadian jobs in Canada are going to China
http://www.cbc.ca/news/canada/story/2013/02/03/can-bc-mining-temporary-workers.html
No comments:
Post a Comment