(WND)—It could be called “cents insensibility.” President Donald Trump said Sunday night he’s taking action to end production of pennies in America.
“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on Truth Social.
“This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies.
“Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.”
According to the U.S. Mint, the cost of producing a single penny was nearly 3.7 cents in Fiscal Year 2024, and the coin has cost above face value for 19 consecutive years.
Before 1962, pennies were composed of copper, and are now made mostly of zinc, with some copper plating.
The Treasury Department says President Abraham Lincoln has been featured on the penny since 1909, and the penny was the first coin ever made by the U.S. Mint.
Follow Joe on Twitter @JoeKovacsNews
Content created by the WND News Center is available for re-publication without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
