The Risks and Benefits of Hoarding Copper Cents

We examine the risks and benefits of hoarding copper cents as a bullion investment strategy.

Category:

News & Politics

Tags:

• copper
• cent
• cents
• pennies
• coin
• coins
• bullion
• silver
• gold
• invest
• investment

[2012UFOTruthSeeker]

@FortNikitaBullion But what about the (copper) coins and bars being sold by Provident Metals well over spot value? Are people stupid for buying these? Some folks here on YouTube are saying that if we do go into a DEEP depression and if FIAT money becomes worthless... this will make copper become the peoples currency (along with solver and gold of course). What is your opinion? And please explain why people are buying copper bars and coins so far above the spot price. Is this crazy?

[FortNikitaBullion]

@2012UFOTruthSeeker The premium on copper bars is much too high. For the same reason, it would be impossible for a copper currency to be made ad-hoc to be used; it takes far too many billions of coins to be made with the same press (like in the US mint) before the costs are averaged out enough for the premium to approach that of silver and gold. If you want to buy copper and not sort them yourself, I would recommend buying common-date wheat cents for 3 or so cents each.

[jewexcited]

Gerald Celente says we are about to enter the Greatest Depression. Lindsey Williams says the dollar will collapse by the end of next year. With regular inflation and economic growth of the past ten years, the value of copper rises. Since copper is not a precious metal, but an industrial metal, the value of copper depends on industry. Look at 2008. With a stock market crash comes a sharp decline in the price of copper. I think the coming years will be a rude awakening for copper penny hoarders.

[FortNikitaBullion]

@jewexcited I'd still much rather have copper than paper dollars. And just because the dollar has crashed doesn't mean the world won't need industry. And even silver and gold crashed in 2008.

[humanitarianguyana]

Have you found a machine that accurately sorts SILVER dimes from regular dimes? I want the speed of a RyeDale machine that sorts 5 coins a second (copper cents from zinc pennies), but made specifically for dimes and silver dimes.

[FortNikitaBullion]

@humanitarianguyana Where do you find silver dimes in circulation? I've given up on searching them long ago.

[mumbleye]

you got some wicked saliva!

[ohwadup]

Can you run for office?

[xxmobbdeepxx]

what a poor bread...

[SuburbanShinobi8000]

@SuburbanShinobi8000 a 1k is like 28.00 dollors right now.... shit... Sliver and Copper am Pissing Off the Banker new world order thugs.

[SuburbanShinobi8000]

Just buy .999 Fine Copper problem solved I just buy bars.

[Stillwater900]

You've got a lot of spit in your mouth.

[psavela]

Do You Spit All Over Your Girl Friend When You Talk To Her?

[strideninja]

@joebyu It's an investment. Some people online are willing to but pennies on ebay for either, again, further investment or to be melted down into bullion.

Theoretically , as the author states, the value of copper might go up, it might go down, it might crash......or it might skyrocket. It's a gamble. The possibility being to spend one cent on something in the future might be worth 4 or 5 cents generating a large profit on the investment.

[CollectingSilver]

@RiseDemUp Do you know how much silver is actually used in solar panels?!?! Look it up

[Hvac103]

Juicy speaker

[joebyu]

I don't get it, if you can't melt it how do you make money?