You are here
Mike Maharrey: We don't have a penny problem but a money problem
By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Tuesday, February 18, 2025
My grandfather used to say, "Don't take any wooden nickels."
The idiom basically meant, "Be careful! Don't get cheated."
Back in the day, small banks and merchants sometimes handed out novelty wooden nickels as promotional items. Of course they had no value. You didn't want to get tricked into taking a wooden nickel instead of real money.
... Dispatch continues below ...
... ADVERTISEMENT ...
Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico
Guanajuato Silver is a precious metals producer reactivating past-producing silver and gold mines in central Mexico. The company produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine. All three mines are located within the state of Guanajuato, which has a 480-year mining history.
Additionally, the company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango state.
With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico.
For more information, please visit:
Today you could just as accurately say, "Don't take any nickels."
President Donald Trump recently announced the demise of the penny, directing the U.S. Mint to stop producing the 1-cent coin due to the cost. According to the Mint, it costs 3.69 cents to mint and distribute one penny.
But there's still a problem -- the nickel. ...
... For the remainder of the commentary:
* * *
GATA is grateful to these companies for their recent support:
Apollo Silver Corp.
Barksdale Resources
Dolly Varden Silver Corp.
Dryden Gold Corp.
Group Eleven Resources
Guanajuato Silver
IBK Capital Corp.
Independent Trading Group
Mining Discovery
Power Nickel
Silver North
Strike Point Gold
The National Investor
The Prospector
Western Alaska Minerals
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
