Godlike Productions - Conspiracy Forum
Users Online Now: 2,542 (Who's On?)Visitors Today: 2,041,267
Pageviews Today: 2,715,451Threads Today: 624Posts Today: 11,799
06:20 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

What about Investing in copper?

 
Pleeb
User ID: 1346883
United States
04/23/2011 02:07 PM
Report Abusive Post
Report Copyright Violation
What about Investing in copper?
Would copper coin/bars be worth investing in? It's a bit over $4/pound at the moment, it seems. And the 1982 pennies are worth about $0.3.

Is copper worth investing in like silver/gold is? What about nickel and other cheaper metals?

There was a time when silver was $5/ounce, and those people that bought tons of it are probably very, very, happy they did. What about the people that buy mountains of copper to store their assets?
Anonymous Coward (OP)
User ID: 1346883
United States
04/23/2011 03:21 PM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
bump
Anonymous Coward (OP)
User ID: 1346883
United States
04/23/2011 10:57 PM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
Anyone?
Anonymous Coward (OP)
User ID: 1346883
United States
04/23/2011 11:13 PM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
bump
hiding
Vision Thing

User ID: 1110850
United States
04/23/2011 11:17 PM

Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
Well, I was kind of curious about this myself, apparently there are copper rounds being sold, but they aren't priced attractively? Don't know. Would love input from someone knowledgeable too. There was a thread on this a while back.
Anonymous Coward
User ID: 1048372
United States
04/23/2011 11:19 PM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
I have bought copper but I am not sure how great of investment it is. I am sure its better than holding on to dollars if the currency collapses.
Anonymous Coward
User ID: 1354490
United States
04/23/2011 11:28 PM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
Well, I was kind of curious about this myself, apparently there are copper rounds being sold, but they aren't priced attractively? Don't know. Would love input from someone knowledgeable too. There was a thread on this a while back.
 Quoting: Vision Thing


Here's something I saved from a post on 7-29-07:

Copper pennies:

they have to be pre 1982... some 1982 ones are also 'pure copper'...

it takes about 150 pennies

One penny has a weight of 3.11 grams
Composition .950 copper.
One gram = 0.03527 0z.

1,000 pennies = $10.00
1,000 pennies = 6.5128 pounds copper

*copper was at 3.84/ lb last quote I saw.

So $10.00 worth of pre 1982 pennies,the intrinsic value of the copper of $25.01

BTW 138.5727 pennies are required to extract one pound of pure copper.
(End Post)

For my part, I am considering getting some .999 Copper Eagles.
.
Anonymous Coward
User ID: 1050857
United States
04/23/2011 11:30 PM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
Old copper pennies are a good investment. 300% return right off the bat. Always good for face value.
Anonymous Coward
User ID: 788992
United States
04/23/2011 11:32 PM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
Would copper coin/bars be worth investing in? It's a bit over $4/pound at the moment, it seems. And the 1982 pennies are worth about $0.3.

Is copper worth investing in like silver/gold is? What about nickel and other cheaper metals?

There was a time when silver was $5/ounce, and those people that bought tons of it are probably very, very, happy they did. What about the people that buy mountains of copper to store their assets?
 Quoting: Pleeb 1346883


Copper will have value as a tradable item equal to pennies prior to the Federal reserve. Yes copper, junk pennies are good.
Anonymous Coward
User ID: 1267056
United States
04/23/2011 11:33 PM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
Investing in copper is done by opening a scrap metal yard.
Anonymous Coward (OP)
User ID: 1346883
United States
04/23/2011 11:44 PM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
I was looking at this here: [link to coinflation.com]

I'm thinking weather TSHTF or not, it may be worth storing those extra 1982 pennies (nickels look like they have some copper as well; the $0.05 nickel seems to have a metal value of $0.06). If we do have total economic collapse though, I'm sure copper will hold some value like the precious metals do (though I'm sure a lot less).
Anonymous Coward
User ID: 1350234
United States
04/23/2011 11:52 PM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
Don't buy copper during a housing and building crisis. The price of copper fluctuates primarily based on new home construction since copper is heavily used for that purpose.

I'd wait until a big dip and then buy knowing the Japanese will need to rebuild their earthquake damaged homes.
Anonymous Coward
User ID: 1283337
Mexico
04/23/2011 11:54 PM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
WHAT PART OF SILVER YOU DON'T GET IT ??

ah
Anonymous Coward
User ID: 1353358
Australia
04/23/2011 11:55 PM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
Copper is always sort of valuable. They make wires out of it. So it keeps going up in price.

Get in before, PEAK! COPPER!!!!

[link to en.wikipedia.org]

Peak copper is the point in time at which the maximum global copper production rate is reached. Since copper is a finite resource, at some point in the future new production from within the earth will diminish, and at some earlier time production will reach a maximum.
Pleeb (OP)

User ID: 1346883
United States
04/24/2011 12:05 AM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
WHAT PART OF SILVER YOU DON'T GET IT ??

ah
 Quoting: Anonymous Coward 1283337


I bought about $700 worth of silver when it first started going up. Now it's worth over $1000 and going up, though that was my savings and silver is about to skyrocket. My only regret is now buying a HUGE amount of silver back when it was $7/ounce.

But that's what I'm wondering about copper. I can afford it -- it's practically pennies! But is it "the new silver" like some people are saying?
Anonymous Coward
User ID: 1267056
United States
04/24/2011 12:09 AM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
WHAT PART OF SILVER YOU DON'T GET IT ??

ah
 Quoting: Anonymous Coward 1283337


I bought about $700 worth of silver when it first started going up. Now it's worth over $1000 and going up, though that was my savings and silver is about to skyrocket. My only regret is now buying a HUGE amount of silver back when it was $7/ounce.

But that's what I'm wondering about copper. I can afford it -- it's practically pennies! But is it "the new silver" like some people are saying?
 Quoting: Pleeb


Go to Lowes or Home depot and price copper pipes. Then look at how much copper you get. You would need a warehouse to store it.
Vision Thing

User ID: 1110850
United States
04/24/2011 12:11 AM

Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
WHAT PART OF SILVER YOU DON'T GET IT ??


 Quoting: Anonymous Coward 1283337


I bought about $700 worth of silver when it first started going up. Now it's worth over $1000 and going up, though that was my savings and silver is about to skyrocket. My only regret is now buying a HUGE amount of silver back when it was $7/ounce.

But that's what I'm wondering about copper. I can afford it -- it's practically pennies! But is it "the new silver" like some people are saying?
 Quoting: Pleeb


well I am curious on the same point too, and went back recently and read the old threads on here about it, and couldn't really see where there will be a big upswing in copper, but if enough people think so, then maybe there could be?

I bought some silver when it was 12.50, I am glad I did, I tried to get more at 24.00 but where I went was "out" or not selling any that day.

I too regret not buying an ounce every week when it was 7.50, I sure thought about it, should have listened to my intuition.
Anonymous Coward
User ID: 659208
United States
04/24/2011 12:13 AM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
OP, my mom is SUPER RICH. NO gold, no silver ... oil pipelines. That's where the money is
Anonymous Coward
User ID: 1349357
Canada
04/24/2011 12:35 AM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
Well, I was kind of curious about this myself, apparently there are copper rounds being sold, but they aren't priced attractively? Don't know. Would love input from someone knowledgeable too. There was a thread on this a while back.
 Quoting: Vision Thing



Yeah, I believe they're called "pennies".
Anonymous Coward
User ID: 1354726
United States
04/24/2011 01:17 AM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
Well, I was kind of curious about this myself, apparently there are copper rounds being sold, but they aren't priced attractively? Don't know. Would love input from someone knowledgeable too. There was a thread on this a while back.
 Quoting: Vision Thing



Yeah, I believe they're called "pennies".
 Quoting: Anonymous Coward 1349357


There are .999 pure Copper Eagle coins, Indian Head coins, and Morgan coins being minted and sold for $4 ea. or $60/roll.

[link to www.silver-eagle-coins.com]

There may be other dealers. Didn't look for any others. That's 20 oz. of pure copper for $60. One ounce of silver will soon cost $60! It's something to think about. Decisions, decisions.
.
Pleeb (OP)

User ID: 1346883
United States
04/24/2011 08:20 AM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
Well, I was kind of curious about this myself, apparently there are copper rounds being sold, but they aren't priced attractively? Don't know. Would love input from someone knowledgeable too. There was a thread on this a while back.
 Quoting: Vision Thing



Yeah, I believe they're called "pennies".
 Quoting: Anonymous Coward 1349357


There are .999 pure Copper Eagle coins, Indian Head coins, and Morgan coins being minted and sold for $4 ea. or $60/roll.

[link to www.silver-eagle-coins.com]

There may be other dealers. Didn't look for any others. That's 20 oz. of pure copper for $60. One ounce of silver will soon cost $60! It's something to think about. Decisions, decisions.
.
 Quoting: Anonymous Coward 1354726


Yeah, I was looking into the copper coins as well as bars. $50 seems to buy me a pretty huge bar of copper.
Pleeb (OP)

User ID: 1346883
United States
04/24/2011 09:49 AM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
bump for morning
exo

User ID: 1354488
United States
04/24/2011 09:50 AM
Report Abusive Post
Report Copyright Violation
Re: What about Investing in copper?
Maybe 6 months ago.

News








We're dropping truth bombs like it's the end of days!