Follow the Leader?
Posted: Wed Sep 22, 2010 5:44 pmFirst Russia... are we next? 
http://blogs.ft.com/beyond-brics/2010/0 ... rap-metal/
http://blogs.ft.com/beyond-brics/2010/0 ... rap-metal/
It is just a matter of when ...... not if.
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Posted: Wed Sep 22, 2010 5:44 pmRe: Follow the Leader?
Posted: Wed Sep 22, 2010 5:59 pmNo, We use cents not kopecks. Only kopecks are in danger.
It is just a matter of when ...... not if.
It is just a matter of when ...... not if.
Re: Follow the Leader?
Posted: Wed Sep 22, 2010 8:54 pmLooks like the Russians would have had some good sorting/hoarding opprotunities. 45x face value for the metal contained in just one kopeck. Yikes! 
Re: Follow the Leader?
Posted: Wed Sep 22, 2010 10:46 pmThat is an epic hoarding opportunity. I wonder how many Russians are taking advantage of it? I would be very happy if pennies were at 45x face. 
Re: Follow the Leader?
Posted: Thu Sep 23, 2010 9:14 amIs it 45X or or 45%
Re: Follow the Leader?
Posted: Thu Sep 23, 2010 10:03 amnote it does say the cost to produce them is 45 times higher than face. So the metal value would have to be what? around 30 times face?
Re: Follow the Leader?
Posted: Thu Sep 23, 2010 10:20 amAustrailia, New Zealand, Finland, Netherlands and many more coutnries already got rid of their smallest denomation coin. Canada is talking about it as well now. Like always the U.S will be the last ones to catch wind of the savings.....