Author Topic: Just commodities  (Read 40794 times)

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Online ToddF

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Just commodities
« on: April 08, 2011, 01:10:57 PM »
Gold - $1,475
Silver - $40.65
Oil, WTI - $112.41
Gas, wholesale - $3.24 + taxes

The last time silver was that high, the Hunt Brothers were billionaires. With gas that high, $4 will be the norm within a week.  You're wholesaling around $3.75 and up, with taxes, let alone credit card fees.


Online Pandora

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Re: Just commodities
« Reply #1 on: April 08, 2011, 05:31:35 PM »
Well, geez, people; y'all need to trade up for a ______________ .  You know, something that doesn't use fuel.
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Online Libertas

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Re: Just commodities
« Reply #2 on: April 09, 2011, 12:10:07 PM »
Man-Made Disaster Pan, that's the Regime's game.  Brow-beat the idiotic consumer for consuming things he needs to live and work.  All in a days work for a destroyer of wealth.  People are just another commodity to the Proglodytes, to be used or discarded as they see fit.

And silver will continue to rise, it's demand has not lessened at all.

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Re: Just commodities
« Reply #3 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.
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Online Libertas

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Re: Just commodities
« Reply #4 on: April 09, 2011, 01:10:32 PM »
MichelleO's new thread in TEOTWAWKI also has a link to a barter site that has copper up for auction.
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charlesoakwood

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Re: Just commodities
« Reply #5 on: April 09, 2011, 01:20:24 PM »

Copper is more speculative, this month, than silver or gold.  Copper is an industrial metal and the price depends on demand. IMHO


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Re: Just commodities
« Reply #6 on: April 09, 2011, 01:27:51 PM »
Yes, and its lower cost means you have to obtain larger quantities to leverage any advantage.
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Online Pandora

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Re: Just commodities
« Reply #7 on: April 09, 2011, 01:36:32 PM »
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.


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"Under certain circumstances, profanity provides a relief denied even to prayer." - Mark Twain

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charlesoakwood

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Re: Just commodities
« Reply #8 on: April 09, 2011, 03:11:57 PM »

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.




Online ToddF

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Re: Just commodities
« Reply #9 on: April 11, 2011, 09:30:21 AM »
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.

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.


 
« Last Edit: April 11, 2011, 09:42:13 AM by MNHawk »

Online Libertas

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Re: Just commodities
« Reply #10 on: April 11, 2011, 09:35:39 AM »
Frankly, I see silver having more run left in it, and I personally don't want to have to lug pounds of copper around, so for me I'll still acquire silver, plenty of distributors have rounds available still.
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Online ToddF

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Re: Just commodities
« Reply #11 on: April 11, 2011, 09:41:30 AM »
Or just put yourself together a circulated Roosevelt Dime 1946-1964/Washington Quarter collection 1932-1964/Franklin Half 1948-1963.  Most can be acquired for silver and you can ride the boom.  Even most Mercury Dimes 1920 on, Late 1920's Standing Liberty Quarter, Post 1933 half dollars, Morgan and Peace Dollars 1878-1935, can be acquired for just the silver content.

Those of us that might have done so in the 1990's?  Well?  ::pimp::

Online Libertas

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Re: Just commodities
« Reply #12 on: April 11, 2011, 09:57:18 AM »
The so-called "junk" silver.  Yeah, have a lot of that too.  You can still get grab bags from many dealers, but I'm sure the the price is going up on them as well, so shop before you buy!
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Online ToddF

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Re: Just commodities
« Reply #13 on: April 15, 2011, 07:37:12 AM »
Chugging along...

WTI Crude - $107.69
Gas - $3.20
Copper - $4.28 pound
Silver - $42.50 oz
Gold - $1,479

What does $42.50 silver mean?  That junk silver in your dresser drawer?  33 times face, based on .7736 oz silver in a silver dollar (proportional in smaller demoninations).

A 1964 dime?  .07736 x 42.50 = $3.29 silver content.

Online Libertas

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Re: Just commodities
« Reply #14 on: April 15, 2011, 07:41:48 AM »
Yup.  I built a spreadsheet that factors in the silver & gold content of every US coin (and a few foriegn ones) that I have, the quantity of each and put that against the current price via market download.  Needless to say the value on metal content has really shot up.

Chug, chug, chug...
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Online Glock32

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Re: Just commodities
« Reply #15 on: April 15, 2011, 11:06:52 AM »
Copper combined with zinc is gonna be real valuable indeed....
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charlesoakwood

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Re: Just commodities
« Reply #16 on: April 15, 2011, 12:13:28 PM »
Copper combined with zinc is gonna be real valuable indeed....

Predicting societal retrogression?


Online Glock32

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Re: Just commodities
« Reply #17 on: April 15, 2011, 12:24:18 PM »
Well, history does show that Progressive to Repressive is a baby step indeed
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Offline michelleo

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Re: Just commodities
« Reply #18 on: April 15, 2011, 04:04:28 PM »
Gold: 1487.10
Silver: 43.04

Daaayyyymmm.  Shoulda bought more.

charlesoakwood

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Re: Just commodities
« Reply #19 on: April 15, 2011, 04:09:26 PM »
Gold: 1487.10
Silver: 43.04

Daaayyyymmm.  Shoulda bought more.

 

It's said that gold doesn't appreciate, it just maintains value.
What does that say about cash on hand?

Daaayyyymmm.  Shoulda bought more.