Tuesday, August 24, 2010

Ron Paul: "We can't even maintain the zinc standard"

The U.S. Mint is finding even the cheapened cents and nickels too expensive to produce, observes Congressman Paul in his Facebook site, citing an article by Rocky Vega in The Daily Reckoning.

As far as I am concerned they can quit minting both anytime -- rounding up to the next dime isn't going to break anyone these days.

More importantly, it reminds us that a hyperinflation is coming, and to keep building up our stocks of gold and silver. (You can buy a 1964 Kennedy half dollar, which is 90% silver and is quite common, for about $7).

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