A Real American President: Donald Trump Message Board

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Politics : A Real American President: Donald Trump

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To: Stock Puppy who wrote (445044)	2/18/2025 7:28:33 PM
From: didjuneau	2 Recommendations Recommended By Stock Puppy Woody_Nickels Read Replies (3) of 456146

President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one cent to produce. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” he said in a post on his Truth Social platform. “Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.” Trump actually undersold the cost argument — pennies cost more than 3 cents to produce. But there’s a problem with his plan: Phasing out the penny could result in needing to make more nickels, and the US Treasury Department loses far more money on every nickel than it does on every penny. finance.yahoo.com I heard that the US values gold stocks at $45/oz - from inventories done 50 years ago. maybe it's time to make the money meet the metal? theblaze.com Outcome #1: Trump returns the US dollar to the gold standard It’s possible that “they're preparing for a full-on gold audit,” says Glenn, noting that on the government's balance sheet, its gold assets are “valued at $45 an ounce.”

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