What doe's everyone think about copper??

Discussion in 'General Precious Metals Discussion' started by Jimmy1986, Jun 25, 2012.

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  1. Jimmy1986

    Jimmy1986 Active Member Silver Stacker

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    Hey all,

    Just wondering about copper as a possible investment, granted you will probably have to buy a few hundred KG's!
    At the moment its at around $3.30 per lb US, seems for a very useful metal like copper a decent price.
    What do you all think?

    Cheers Jimmy
     
    Jimmy1986, Jun 25, 2012
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  2. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Not much....coppers keep giving me tickets!
     
    Clawhammer, Jun 25, 2012
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  3. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    :lol: :lol:
     
    spannermonkey, Jun 25, 2012
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  4. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    I had 5kg of copper 1c&2c pieces ,but it all takes up too much room .
    It's a good medium if you collect copper cable & cash it in & buy silver/gold with your profits .
    But stacking it long term ,NOT FOR ME ;)
     
    spannermonkey, Jun 25, 2012
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  5. silverfunk

    silverfunk Active Member

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    copper is the poor mans silver
     
    silverfunk, Jun 25, 2012
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  6. Fykus

    Fykus Member Silver Stacker

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    i wouldnt mind gettin a kilo bar for shits and giggles. (do they even come in bar form?)
     
    Fykus, Jun 25, 2012
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  7. silverfunk

    silverfunk Active Member

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    yup
    check outs..

    http://coppercave.com/copper/

    even Maggie on here can supply copperz
     
    silverfunk, Jun 25, 2012
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  8. Ghost

    Ghost Member Silver Stacker

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    Yep, get a few meters of industrial busbar and chop it into lengths with a power hacksaw. Mill a beveled edge on it and stamp it with your name, crest, weight and fineness... :D
     
    Ghost, Jun 25, 2012
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  9. silverfunk

    silverfunk Active Member

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    they are immaculate
     
    silverfunk, Jun 25, 2012
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  10. Bazil

    Bazil Member Silver Stacker

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    ^^^ I wanta get one one these kg bars Oz they look real pro.

    We get heaps of scrap brass and copper from the old pipes and junk we pull out. Save it up and sell it for the Xmas party beers. :D
     
    Bazil, Jun 25, 2012
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  11. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    A few people have considered it in the past

    A small dollar amount takes up a lot of space, if you have a lot of money tied up in it you need a shed to keep it in.

    The premiums on the copper rounds are ridiculous, they make the Perth Mint look like Crazy Clarks.

    Copper goes off faster than silver and doesn't stop! Silver tarnish protects the surface of the silver, verdigris eats copper. Needs dry storage conditions (you wouldn't want to bury your stash.)

    Copper is purely an industrial metal, if we see a global slowdown demand for copper will fall, along with the price.

    If you stack it in a useful form, e.g. copper pipes or electrical cable then you might see a return as manufacturing costs may rise, bringing your prices up to match.

    If we can't get people to see gold and silver as investments then copper will be a struggle.
     
    Jislizard, Jun 25, 2012
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  12. yennus

    yennus Well-Known Member Silver Stacker

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    yennus, Jun 25, 2012
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  13. Guest

    Guest Guest

    I have a few investment grade rounds (Oz's work is high quality, I have a few of his) and the rest are just basically 1c and 2c coins which I dig up usually urban prospecting.

    If you have the space, no reason not to put a few aside just in case.

    Besides, if the 'true' market value of silver is realised down the road, it might be too expensive for day to day transactions anyway.
     
    Guest, Jun 25, 2012
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  14. Dynoman

    Dynoman Active Member

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    If silver is poor mans gold, what is copper to silver?
     
    Dynoman, Jun 26, 2012
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  15. Fykus

    Fykus Member Silver Stacker

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    Fykus, Jun 26, 2012
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  16. tozak

    tozak Well-Known Member Silver Stacker

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    I have jars of copper coins (1c / 2c) and (1 Penny / Half Penny) as well as heaps of bars of Tin. Also heaps of Nickel coins etc. Thought it was kewl at the time to be a bit more diverse but in the end it's a wast of space, I mean it takes up a lot of room and if you add it all up it's worth very little.

    Do yourself a favour and just stick to Silver or better yet trade me your Silver for all my Copper coins!
     
    tozak, Jun 26, 2012
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  17. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    A one pound copper bullion makes a great blunt heavy object in a hostile gold or silver takeover
     
    Caput Lupinum, Jun 26, 2012
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  18. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Platinum is the trade of kings
    Gold the trade of nobleman
    Silver is the trade of the middle class
    Barter is the trade of the peasants
    Debt is the trade of slaves............ Or something like that

    Copper ? Not sure where that fits in ?
     
    Ronnie 666, Jun 26, 2012
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  19. Dynoman

    Dynoman Active Member

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    So where's Rhodium fit into the scheme?
     
    Dynoman, Jun 26, 2012
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  20. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    In between jewellers using it & your catalic converter :lol:
     
    spannermonkey, Jun 26, 2012
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