eliastheprophet
New Member
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?
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?
