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Will Copper be the new Gold?

 
Brie217 (OP)

User ID: 1462880
United States
08/18/2011 11:48 PM
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Re: Will Copper be the new Gold?
WEll, if copper isn't valuable, then why are people breaking into older homes that are for sale and ripping out the copper pipes. 4 times this summer in a small town north of here, power relay stations were broken into and the copper wiring was stolen. Power out in all cases for day. Never caught the buggers who did it
 Quoting: Anonymous Coward 668442


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Anonymous Coward
User ID: 1043775
United States
08/18/2011 11:51 PM
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Re: Will Copper be the new Gold?
WEll, if copper isn't valuable, then why are people breaking into older homes that are for sale and ripping out the copper pipes. 4 times this summer in a small town north of here, power relay stations were broken into and the copper wiring was stolen. Power out in all cases for day. Never caught the buggers who did it
 Quoting: Anonymous Coward 668442


Copper is the most valuable among cheaper metals. Typically it's homeless people that salvage copper to make a few bucks more than if they recycled bottles.
nomind

User ID: 904314
Canada
08/18/2011 11:52 PM
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Re: Will Copper be the new Gold?
Helium is

The stuff is near running out, therefore what's left will be worth quite a lot.. think of all those balloons the stuff is wasted on!
 Quoting: nomind


Ok so it would be a long term investment but eh...

The experts warn that the world could run out of helium within 25 to 30 years, potentially spelling disaster for hospitals, whose MRI scanners are cooled by the gas in liquid form, and anti-terrorist authorities who rely on helium for their radiation monitors, as well as the millions of children who love to watch their helium-filled balloons float into the sky.


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Spikewolf
User ID: 1510617
United States
08/19/2011 12:07 AM
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Re: Will Copper be the new Gold?
WEll, if copper isn't valuable, then why are people breaking into older homes that are for sale and ripping out the copper pipes. 4 times this summer in a small town north of here, power relay stations were broken into and the copper wiring was stolen. Power out in all cases for day. Never caught the buggers who did it
 Quoting: Anonymous Coward 668442


Copper is valuable in large quantities and the price is set in pounds, About a month ago I cashed in about 25 lbs of scrap copper at a scrap yard, I got 85 dollars for it, it's good for some quick cash!
Brie217 (OP)

User ID: 1462880
United States
08/19/2011 12:09 AM
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Re: Will Copper be the new Gold?
WEll, if copper isn't valuable, then why are people breaking into older homes that are for sale and ripping out the copper pipes. 4 times this summer in a small town north of here, power relay stations were broken into and the copper wiring was stolen. Power out in all cases for day. Never caught the buggers who did it
 Quoting: Anonymous Coward 668442


Copper is valuable in large quantities and the price is set in pounds, About a month ago I cashed in about 25 lbs of scrap copper at a scrap yard, I got 85 dollars for it, it's good for some quick cash!
 Quoting: Spikewolf 1510617


Sounds worth saving then..rather than just throwing it away like some people do.
megadeth8525

User ID: 1458857
United States
08/19/2011 12:09 AM
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Re: Will Copper be the new Gold?
silver is usually 1/16 of the price of gold, for whatever reason it isn't now eventually it will re-adjust and silver will be worth around 4-500$ per troy ounce. and more cheap metals such as copper will follow, that is if the trend with gold keeps rising. Before the last decade silver had always been said 1/16 the worth of gold, although im not sure why it isn't now, im sure it will go back up with gold.
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megadeth8525

User ID: 1458857
United States
08/19/2011 12:13 AM
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Re: Will Copper be the new Gold?
oops, not quite 4-500, maybe 200 per ounce.
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Anonymous Coward
User ID: 1453100
Canada
08/19/2011 12:17 AM
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Re: Will Copper be the new Gold?
How did they invent copper wire? Two jews fighting over a penny.hiding
 Quoting: indiandave


Please don't put racist remarks on my post.
 Quoting: Brie217


I'm a Jew and I thought that was hilarious.

Copper will never be the new gold, gold will stay gold, and copper will stay copper. It works like this copper is NEEDED for industry, silver is NEEDED for technology, gold (or the appearance of such) is NEEDED for international trade and finance. These fundamentals will probably not change until gold and silver can be manufactured cheaper then recovered from the earth. I don't think that will happen for a while, at least 50-100 years, maybe much longer.
 Quoting: Anonymous Coward 1506087


Indeed, once we reach the technological point where we can actually manufacture precious minerals just as we can manufacture diamonds, things will change... Well maybe.
IamTexas

User ID: 1510622
United States
08/19/2011 12:35 AM
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Re: Will Copper be the new Gold?
And US nickels are 75% copper.
 Quoting: DonHeau


And 25% nickel which is $9.65/lb.
Brie217 (OP)

User ID: 1462880
United States
08/19/2011 10:31 AM
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Re: Will Copper be the new Gold?
And US nickels are 75% copper.
 Quoting: DonHeau


And 25% nickel which is $9.65/lb.
 Quoting: IamTexas


Good to know, I didn't know that..thanks!

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