Zinc prices and the U.S. penny

Discussion in 'General Precious Metals Discussion' started by eliastheprophet, Mar 14, 2011.

  1. eliastheprophet

    eliastheprophet New Member

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    Hi guys,

    Now that the cost of producing a penny is more than double its' face value, I assume the U.S. government will one day bow to the inevitable. I suspect Jarden Zinc Products, which produces those Zinc blanks, will lose this fight. If not yet, in a few years from now. Economics dictate that the penny must go - though sentimental Americans may put up a good fight.

    My question is, how is this expected to affect the price of Zinc? Should one bet for a fall in the price, given the expected drop in demand? Or are other demands for Zinc expected to compensate for the loss of the penny?
     
  2. Ernster

    Ernster New Member

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    No idea...but where would you Sell Zinc?
     
  3. Loxmyf

    Loxmyf Member

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    Beaches and cricket games?
     
  4. Silver is Money

    Silver is Money Member Silver Stacker

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    LMAO :lol: Nice one Loxmyf
     
  5. boston

    boston Well-Known Member Silver Stacker

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    LOL :)
     
  6. Guest

    Guest Guest

    ROFLMAO!!!
     

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