Peter Schiff says the 7.76 cents of metal inside every nickel makes it a better bet than U.S. Treasuries
Peter Schiff says the 7.76 cents of metal inside every nickel makes it a better bet than U.S. Treasuries
Source: Moneywise
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DW NOTE
Schiff is correct that the nickel contains more metal value than face value — but that's a liquidity trap, not an investment. You cannot melt U.S. coins legally, and you cannot spend them at melt value. Treasuries yield 4.83% at ten years and settle in two days. Nickels yield zero and require a van.