The INFLATED Penny

"Tarapia Tapioco" wrote in message
x.it...
Will the penny be the big catalyst that will finally wake up the
public, and drive gold and silver prices upwards? Maybe.

It will soon cost more than a penny to make a penny--again. Last
time this happened, they started making zinc pennies, since zinc was
cheaper than copper. That was in 1982. And they have already
debased the penny as far as they can, now it's 95% zinc. What is
cheaper than zinc? Lead? But lead is only slightly cheaper, and
much heavier, and poisonous, and that would not work. This may be
it, we could reach a breaking point here.


Surveys show that the
public hates the idea of giving up the penny, and if we do, it's
proof that inflation has run it's course, and gone as far as it can
go.


I can't figure out what is meant by this statement. The existence/lack of a
cent piece has no effect on inflation or the rate of inflation. Perhaps you
meant that the cent has run it's course and gone as far as it can go. (?)
Bill

I took it as meaning that the cent is/will be a victim of inflation.

Mame

"Bill Krummel" wrote in message
...

"Tarapia Tapioco" wrote in message
x.it...
Will the penny be the big catalyst that will finally wake up the
public, and drive gold and silver prices upwards? Maybe.

It will soon cost more than a penny to make a penny--again. Last
time this happened, they started making zinc pennies, since zinc was
cheaper than copper. That was in 1982. And they have already
debased the penny as far as they can, now it's 95% zinc. What is
cheaper than zinc? Lead? But lead is only slightly cheaper, and
much heavier, and poisonous, and that would not work. This may be
it, we could reach a breaking point here.


Surveys show that the
public hates the idea of giving up the penny, and if we do, it's
proof that inflation has run it's course, and gone as far as it can
go.


I can't figure out what is meant by this statement. The existence/lack of
a
cent piece has no effect on inflation or the rate of inflation. Perhaps
you
meant that the cent has run it's course and gone as far as it can go. (?)
Bill

Paul Anderson wrote:
Surveys show that the public hates the idea of giving up the penny,
and if we do, it's proof that inflation has run it's course, and gone
as far as it can go.

Oddly, while most people are opposed to eliminating pennies, most
people don't use them!

Once they're gone, I bet almost no one will miss them.

Especially that idiot who saved one million of 'em.

--
Bob

Bob Flaminio wrote:

Paul Anderson wrote:
Surveys show that the public hates the idea of giving up the penny,
and if we do, it's proof that inflation has run it's course, and gone
as far as it can go.

Oddly, while most people are opposed to eliminating pennies, most
people don't use them!

Once they're gone, I bet almost no one will miss them.

Especially that idiot who saved one million of 'em.

1,000,000 ? That's a thing of beauty!

Alan
'$10,000 the hard way'

Its been many years now since we got rid of the 1 and 2 cent pieces in
Australian and I have never heard one person complain that they are gone.
Infact, I am often complaining about the number of 5cent pieces I end up
with in my change!

Mame

"Paul Anderson" wrote in message
...
In article , Tarapia
Tapioco wrote:

Surveys show that the public hates the idea of giving up the penny,
and if we do, it's proof that inflation has run it's course, and gone
as far as it can go.

Oddly, while most people are opposed to eliminating pennies, most
people don't use them!

Once they're gone, I bet almost no one will miss them. And those who
want to use them can reach into their jars of pennies at home and spend
them to their hearts' content.

Paul

--
Paul Anderson
OpenVMS Engineering
Hewlett-Packard Company

In article , Tarapia
Tapioco wrote:

Surveys show that the public hates the idea of giving up the penny,
and if we do, it's proof that inflation has run it's course, and gone
as far as it can go.

Oddly, while most people are opposed to eliminating pennies, most
people don't use them!

Once they're gone, I bet almost no one will miss them. And those who
want to use them can reach into their jars of pennies at home and spend
them to their hearts' content.

Paul

--
Paul Anderson
OpenVMS Engineering
Hewlett-Packard Company

"Mame" wrote in message ...
Its been many years now since we got rid of the 1 and 2 cent pieces in
Australian and I have never heard one person complain that they are gone.
Infact, I am often complaining about the number of 5cent pieces I end up
with in my change!


What happens if something comes out as something that doesn't round to the .05 cent?

"Nick Cassaro" wrote in message
om...
"Mame" wrote in message
...
Its been many years now since we got rid of the 1 and 2 cent pieces in
Australian and I have never heard one person complain that they are gone.
Infact, I am often complaining about the number of 5cent pieces I end up
with in my change!


What happens if something comes out as something that doesn't round to the .05
cent?

ends in 1,2 round down to 0
ends in 3,4,6,7 round to 5
ends in 8,9 round up to next 10 cents.

This is on the *total* purchase only, not on individual items.

....and **no-one** complains.

--
Jeff R.

"vapulus a mortuus equus"

About 2months after Australia dropped the 1's and 2's, a current affairs
program here aired a story about a guy who would pay for his groceries at
the checkout one item at a time! He did this to take advantage of the
rounding benefit for each item. As mentioned, the rounding is done on the
final total not on the idividual item which is why you would still see
prices in supermarkets like $9.99 and $2.57.

Mame


"A.Gent" wrote in message
u...

"Nick Cassaro" wrote in message
om...
"Mame" wrote in message
...
Its been many years now since we got rid of the 1 and 2 cent pieces in
Australian and I have never heard one person complain that they are
gone.
Infact, I am often complaining about the number of 5cent pieces I end
up
with in my change!


What happens if something comes out as something that doesn't round to
the .05
cent?

ends in 1,2 round down to 0
ends in 3,4,6,7 round to 5
ends in 8,9 round up to next 10 cents.

This is on the *total* purchase only, not on individual items.

...and **no-one** complains.

--
Jeff R.

"vapulus a mortuus equus"

From: Nick Cassaro

What happens if something comes out as something that doesn't round to the .05
cent?

Without an example, I must say that, if the rule is that the standard shall be
to always "round up" to the next 5¢, this could never happen. Something, in
this case, that has a price of $0.0000001 will cost a nickel.

8-|
- Coin Saver