Topics > Economy
Just commodities
charlesoakwood:
Copper is more speculative, this month, than silver or gold. Copper is an industrial metal and the price depends on demand. IMHO
Libertas:
Yes, and its lower cost means you have to obtain larger quantities to leverage any advantage.
Pandora:
--- Quote ---In the two years since that essay was posted here, the price of gold has increased more than 60%, and the price of silver has exploded by nearly 200%. In consequence of which, your Curmudgeon must now direct your attention to the following:
That's right: Copper. Even silver, for a long spell "the poor man's gold," is now too expensive for the average American to purchase in quantity, as an inflation hedge and a disaster reserve. Partly because of the explosion in its price, and partly because those who have it have become increasingly reluctant to sell it for paper dollars, the rate of trade in silver rounds has fallen off dramatically. The copper rounds in the photo above are currently selling for about $1.35 each in modest quantities. Trade in them appears brisk
...
Please, please, please: If you missed the run-up in silver, don't miss the one about to occur in copper. Copper has already climbed 40% in price in the last year. If it's within your means, buy a thousand ounces or so and put them in a safe, dry place.
--- End quote ---
Link
charlesoakwood:
Copper will only go up if construction goes up. Many talking heads say 'China and other emerging markets will drive copper'. One way or the other.
ToddF:
--- Quote from: Pandora on April 09, 2011, 01:07:30 PM ---There was a piece on Fran Porretto's site a little bit ago about the rising cost of copper and copper coins available as the, for now, still affordable form of wealth conservation.
I'll hunt it up if anyone's interested.
--- End quote ---
That's another one to watch. Copper-$4.50 per pound, which makes pre 1982 copper cents worth about 3 cents apiece. Who'd have thunk those that used to pull the silver out of circulation in the 1960's and 1970's would be doing so for copper?
That only makes it around 40cents per ounce. I wouldn't be buying 1 oz rounds for a buck 50.
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