Should You Buy Copper Rounds?

http://survivalus.blogspot.com/2011/05/should-you-buy-copper-rounds.html

Category:

News & Politics

Tags:

• should
• buy
• copper
• rounds
• silver
• gold
• inflation
• hyperinflation
• rick
• pyle
• alanna
• recession

[PAABmagic]

All I can think of now is that what will it be like in the future some 30 years from now with copper through the roof and me looking back thinking "I could've had the chance, but I blew it" if I don't buy copper now! But then again rounds or bars?(I have the space for both) and should I be investing for silver if it might only go up another $10 in 20years. I could be buying like 8 pounds of copper for the price of 1oz of silver. Now dont get me wrong, I'm not against silver, I'm just trying to

[rickpyle1]

@PAABmagic Thanks for your comment! I understand your concern about the possible future increase in copper prices. I think in 30 years you'll find a very different economy with increased prices in many commodities. However, you must recognize that copper, unlike silver and gold, is solely an industrial metal - not a precious one. If hyperinflation or other chaos occurs the price of copper many experience major downward pressure, while silver and gold head upwards.

[MrMacal1]

The girl look like a Princess.

[rickpyle1]

@MrMacal1 Thank you! She is beautiful...and as her father I can be completely objective of course!

[Bhaltazhar]

Get in on copper rounds at ground level, the $ky's the limit on these little babies!

[rickpyle1]

@Bhaltazhar I assume you're a sales person for copper rounds. Investing in anything that will have to increase in value by over 800% just to break even is nothing short of MADNESS!

[WiseOneforJesus]

Copper is better than holding those worthless federal notes which will soon have no value.

[dishesdealer417]

@FortNikitaBullion

Exactly. You are sooo right. Why pay all that extra money for a copper round that people are not familiar with and may not be willing to accept, when you could have pre Oct. 1982 u.s. copper pennies for 1 cents each. They are currently worth 2 1/3 cents each and have been as high as 3 1/8 cents each in copper value. Do people just like to pay more for something of far less copper value that people may not accept?????

[PAABmagic]

Think what it will be like in the future with that missed opportunity to buy copper so cheap

[daobesebeast]

@RenkoTrader Silver will not be $100 dollars for another 75 years. We will be lucky to break $40 dollars in 2012.

[Ace1000ks1975]

When the economy implodes into the greatest depression in history of the world, the demand for copper will tank. The premium for these copper bars are too much. $1.50 for a one ounce of copper, ROFL. $24 per pound for copper when it is $4.00 per pound. Rip off.

[rickpyle1]

@thebryghtidea I don't see the advantage to investing in copper over silver and gold. Presently, there are numerous markets and venues to buy and sell one ounce of silver and gold to thousands of ounces. Copper, though certainly a very useful industrial element, has no significant secondary market. Copper is bought and sold in billets of thousands of pounds. Sure, maybe one day in the midst of hyperinflationary madness a true secondary market will develop. But why take that risk?

[rickpyle1]

@RenkoTrader True. When silver goes parabolic most likely it will drag copper in an upward price direction as well. Of course, I imagine mayonaise, tires, and kitty litter will likewise rise in price. My point is that I just think that silver and to a lesser extent gold are just the most convenient and trusted metals to buy and trade. Copper and mayo, on the other hand, are bulky to store with no readily available resale venue. Thanks for watching and commenting!