What about Investing in copper?

Anyone?

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.

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.

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.
.

Old copper pennies are a good investment. 300% return right off the bat. Always good for face value.

Copper will have value as a tradable item equal to pennies prior to the Federal reserve. Yes copper, junk pennies are good.

Investing in copper is done by opening a scrap metal yard.

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).

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.

WHAT PART OF SILVER YOU DON'T GET IT ??

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.

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?

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.

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.

OP, my mom is SUPER RICH. NO gold, no silver ... oil pipelines. That's where the money is

Yeah, I believe they're called "pennies".

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.
.

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

for morning

Maybe 6 months ago.