I would like to have a discussion on metals and the metals we put into our coins. We all know it costs less than the coin's face value for a coin to make it. Even the penny is included- I did the math and a 2012 penny contains 1/2 a penny's worth of copper at today's spot price- the rest is labor- that's why it costs 1.6 cents to make a penny. The most worthless coin is the dollar which costs 16 cents to make and contains less than that in metal- who would want that??? I want my currency to be worth about as much as the metal is worth. I want a dollar to costs 75 cents to make- then I'll put my money in coins... then our currency system will be backed by metals.
Most of the money in the US is digital and soon virtually all will be digital. Hang on to the good physical and don't worry about the rest.
If people wanted physical, there wouldn't be digital. Maybe you should consider that when you think about how money works.
By good physical i mean anything with silver or gold. That will be worth something in the future. Our entire debt is digital. If you don't understand what digitizing the debt means then I can't help you. I understand exactly how money works, some people are just oblivious to reality.
You obviously don't if you believe having silver or gold in a coin has anything to do with it's worth in the future.
I'm pretty sure there is NO COPPER in a penny. ZERO.... There is about $2.40 worth of silver in a silver dime however! Printed money is a game, always has been. Coined money of worthless metals is also a game.
