Post by
flash338 on Jul 30, 2020 8:51pm
Just a thought...
There is a massive coin shortage here in the states. Signs are up at checkouts all over the place saying exact change only and please sell us change. I've heard a lot of theories such as people hoarding them to people melting them down because of melt value and many others that are even less believable. People hear couldn't care less about coins. Almost no one uses change and that was was before the economy crashed. I doubt enough people are holding coins to make them instantly disappear. Same goes for scrapping them. I had a thought... What if the treasury department quietly recalled them knowing a MASSIVE dollar devaluation was in the works. One that would make it make sense to scrap coins. Its one of the few things that can account for the speed of all the coins disappearing across the country. They have pulled the coins here twice before. They did it in the thirties with gold and the sixties with silver. Anyway, just a thought. I suspect we have the right idea investing in companies such GPG.
Comment by
flash338 on Jul 31, 2020 8:57am
I'm not buying the whole mint being shut down story thats going around. I've got maybe 30 or 40 bucks in change and the dates go back to the 60's. Very few are new.
Comment by
surething1111 on Aug 04, 2020 9:01am
Me thinks it's no more than an effort to introduce us into a cashless society. Hell they've trampled on individual rights so bad already, why not? Can't say as I can blame them...... just trying to see how far they can get before pushback......that's what commies do. Best longs S