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A nickel is worth 7 cents

The Colbert Report	Mon - Thurs 11:30pm / 10:30c
Michael Lewis
www.colbertnation.com
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Michael Lewis visited Stephen Colbert to promote the paperback version of The Big Short.
At 4:15, Michael Lewis gave out investment advice: the nickel. Michael Lewis said one of the characters of The Big Short did the math and found out the metal content of a nickel is worth 7 cents. Then this investor called up his local bank to buy twenty million nickels.

Michael Lewis didn't name the person but, I'd bet a farm with water rights, it was Michael Burry. The whole thing made me grin. It is an interesting idea. It's the world's cheapest inflation hedge - if not the most immediately profitable. So far all the gold bugs out there - sell your gold and buy nickels! =P