HAS THE PENNY DROPPED YET?
Those that think my rants about the price of raw resources pulling the rug from under the feet of the economies that depend on them are premature, should consider this fact:
Increases in metal costs means it now costs 1.4 cents to make a 1 cent coin.
Soon it will be profitable to melt down 1 cent coins since the metal they contain will be worth more than 1 cent.
Does that make, er, sense?
Increases in metal costs means it now costs 1.4 cents to make a 1 cent coin.
Soon it will be profitable to melt down 1 cent coins since the metal they contain will be worth more than 1 cent.
Does that make, er, sense?
posted by ENGLISH RANTER at Monday, April 24, 2006
2 Comments:
But who uses cents anymore? Soon everyone will use plastic. That will keep the conspiracy theorists up all night.
Jesus ..I haven't used an actual coin in eons..
well make that since the last time I was broke and i had to look under cushions and under furniture to dig up enough money for my Oreos double stuff habit...
So instead of collecting cans on the side of the roads..bums can start digging in public bathrooms for the pennies we drop while taking a piss ?
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