一面是25万美元现金，一面是30吨5分硬币，必须选一个，你会怎么选？今天聊个新鲜事。美国有位金融从业者耗时四个多月，从银行系统分批兑换并囤积 了重近30吨的5美分硬币。他为什么要这么做？背后有哪些套利机会？又蕴含着哪些风险？ 出品：飞钱说工作室 栏目统筹：耿雁冰 栏目策划：杨希 主播：冯紫彤 本期文案：冯紫彤 视频制作：董凌含 视频指导：曾婷芳 设计：王冰 编辑：杨希 ...

Core Viewpoint - The article discusses Kyle Mitchell's unconventional investment strategy of accumulating 5-cent coins, driven by their intrinsic metal value, which he believes will appreciate due to rising metal prices and potential changes in U.S. minting practices [1][2]. Investment Strategy - Mitchell's strategy involves accumulating 25,000 dollars worth of 5-cent coins, weighing nearly 30 tons, which he believes have an intrinsic metal value of approximately 294,000 dollars based on current copper and nickel prices [2]. - The composition of the 5-cent coin is 75% copper and 25% nickel, with each coin weighing 5 grams, leading to a higher intrinsic value than its face value [2]. Market Conditions - The article highlights that copper prices have risen over 20% this year, indicating a favorable market condition for Mitchell's investment thesis [2]. - The total cost of producing a 5-cent coin, including metal and labor, is reported to be 14 cents, which is significantly higher than its face value [2]. Risks and Costs - The investment carries high costs, including exchange costs, storage, transportation, and potential future disposal costs, which could accumulate over time [3]. - There are legal risks associated with the potential to melt down the coins for their metal value, which is prohibited under U.S. law, carrying penalties of fines and imprisonment [3][4]. Market Comparison - The article notes that such an investment strategy is unlikely to be replicated in China due to legal restrictions and the design of the currency system, which prevents the possibility of profit through metal value appreciation [6]. - China's regulations explicitly prohibit the destruction or illegal trading of currency, making similar arbitrage opportunities non-existent [6].

Group 1: Coin Crisis Impact - The decision to stop producing the 1-cent coin has led to significant disruptions in retail, with companies like Kwik Trip facing potential losses of up to $3 million annually due to rounding transactions to the nearest 5 cents [3] - The cost of producing a 5-cent coin is 13.8 cents, nearly four times that of the 1-cent coin, raising questions about the cost-saving rationale behind the policy [3] - The shortage of 1-cent coins has emerged sooner than expected, with banks ceasing supply in May 2025, leading to a rapid depletion of privately held coins [3] Group 2: Federal Reserve Division - A rare power struggle within the Federal Reserve has emerged, highlighted by a split vote on interest rate cuts, with some officials advocating for a 50 basis point cut while others oppose any reduction [5] - The internal conflict reflects broader concerns about inflation and the deteriorating job market, with officials divided on the best course of action [5][7] - The independence of the Federal Reserve is under pressure from the Trump administration, which has publicly criticized the Fed's pace of rate cuts [7] Group 3: National Debt Concerns - The U.S. national debt has surpassed $38 trillion, equating to approximately $280,000 per household, with a rapid increase from $37 trillion to $38 trillion occurring in just two months [9] - Interest payments on the national debt are projected to consume about $1.4 trillion in 2025, representing 26.5% of federal revenue, exceeding military spending [9] - Concerns about a potential "debt reckoning" are growing, with market actions reflecting fears of rising deficits and oversupply of government bonds [9] Group 4: Interconnected Crises - The issues surrounding the 1-cent coin, the Federal Reserve's internal divisions, and the national debt are interconnected, reflecting the government's urgent need to cut short-term fiscal costs [11] - The Trump administration's reliance on tariff revenues to offset deficits has proven insufficient, as increased medical spending has outpaced tariff income [11] - Rising credit card default rates and financial strain on consumers indicate broader economic challenges, exacerbated by the ongoing crises [11]

近日，一位35岁的金融从业者凯尔·米切尔就干了一件让全网都为之炸锅的超级大胆的财富转换：他以仅仅25万美元的天价，将自己手中的一大笔资产全部 换成了500万枚5美分的硬币，足足30吨重的巨大一堆，就全部都堆到了他自家的农场的车库里了。经过了四个多月的不懈努力,最后才通过无数的银行的打 点,硬币的山才算是凑齐了。 米切尔说自己是在"复刻巴菲特"。上世纪60年代，巴菲特发现美国银币的含银量逼近面值，果断囤积白银。 更讽刺的是，米切尔车库裡还堆着2万磅1982年前的铜质1美分硬币。这类投机早有失败先例：2008年金融危机后，美国将1美分硬币材质改为锌芯，囤积旧 版铜币的人血本无归。 但当30吨的硬币纷纷入市时，其实所体现的就是普通人对当前的通胀的深层的集体焦虑和对未来经济的不确定感。 不过，这场以"大杀四方"之势的豪赌却暗藏着三个致命的漏洞：既要应对的金融危机的复杂性，又要面对的全球政治的不确定性，再加上我国自身的经济转 型的深度和广度的双重挑战，真可谓"三面楚歌"啊！ 据美媒披露，美国法律对5美分硬币的处理早就有明文的规定，即不得将其熔毁，违者最高可处以1万美元的罚款加5年的监禁。基于米切尔的"金属财富"越 积越 ...