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For Silver Bulls, Here's My 2 Cents (Plus 3 Cents)
In practice it only becomes a real money maker if the copper/nickel value moves, say, 30% or more. The gain would obviously have to be enough to cover the fees and such of selling them or the cost to have them melted down. If you feel legally(or illegally) comfortable melting down $10,000 for the copper and nickel, then this just makes the process easier. In the case you melted them down to specs, you could just sell some futures and just execute the contracts.
As to the postage costs being too high, you'd be surprised how many nickels you can fit into a flat rate box.
Oct 10, 2012. 06:55 PM
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