Seriously. 100 “dollars” of nickels is currently worth 144 “dollars” of metal. This isn’t hyperinflation, but we are getting closer.
On ‘The Colbert Report’ (Weeknights, 11:30PM ET on Comedy Central) Stephen Colbert quizzed financial journalist Michael Lewis about what he thinks the next big investment opportunity might be.
“Nickels is what you want to buy, nickels,” Lewis explained.
“One of these characters, who made his fortune betting on the collapse of the system has started to buy nickels, ” Lewis continued. “The metal content of the nickels is now worth seven cents. If you melted it down, you’d get seven cents.”
According to Lewis, this mystery investor was able to get hold of 20 million nickels, which he keeps in a Brinks storage facility.
Updated August 9 2012:
Original older post: Strongly consider saving nickels — currently worth 6.6 cents