Value investors, get this: you may be sitting on a gold mine and not even know it.
I’ll let you in on a secret: there are two “investments” that are trading well below net asset value (NAV). In fact, one of them is priced at a 51% discount to NAV! Can you guess what it is?
(I know, I know…I sound like some newsletter writer with a “teaser” stock trying to get you to buy a subscription. Relax. This is a freebie.)
According to the LME, since 2003, copper and nickel have tripled and zinc has quadrupled. Zinc is up 76% this year; copper is up 68% and nickel up 42%.
A penny is 97.5% zinc and 2.5% copper.
It now costs our government 1.67 cents to make a penny.
A nickel is actually 75% copper and 25% nickel.
I now costs our government 7.7 cents to make a nickel.
How long do you think it will take before the government figures this out?
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