How Do You Debase Base Metals? | Jim Letourneau's Big Picture Speculator

How Do You Debase Base Metals?

As the prices of nickel, copper and zinc rise, the business of coining money becomes a losing proposition. Specifically, the US Mint is losing money by making pennys and nickels and they are looking to find a cheaper material to manufacture their coins with.

Paul Kedrosky is cheekily suggesting a return to the wooden nickel.

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This entry was posted on Monday, February 1st, 2010 at 10:00 am. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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