Copper hits fresh lows, a buying opportunity?

Discussion in 'General Precious Metals Discussion' started by phrenzy, Jan 11, 2015.

  1. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    Copper is at a 5+ year low, mostly on dollar strength and concerns over a slow down in China...anyone have an opinion on whether this is a buying opportunity?
    Even if it's just a short term play waiting for an announcement on Chinese stimulus?

    Is anyone here in copper at the moment? Anything to know in particular that would make investing in copper any different to PMs besides the volumes involved? I was thinking about the copper ETF but are there any advantages to physical?
     
    phrenzy, Jan 11, 2015
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  2. silverfunk

    silverfunk Active Member

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    Premiums on copper bullion will kill you, best bet is play an etf or stack 1 and 2 cent coins.
     
    silverfunk, Jan 11, 2015
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  3. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    I thought that to make it worth while you'd need several tons of industrial ingots, and then storage becomes a bit of an issue.
     
    SpacePete, Jan 11, 2015
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  4. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I know buying those silly 1oz rounds or even kilo bars don't make much sense but what about proper large 100 kg wire bars? Or scrap copper from a dealer?

    The copper to silver ratio is about 100:1 so about 500kg would be around $3000 plus premium. Not super convenient but not impossible if you have someone with a ute to move it for you.your probably looking at a 1m cubed area.

    I think an ETF is the simpler and more obvious solution though. I'm trying to figure out if I should you surg copper or palladium...decisions decisions.
     
    phrenzy, Jan 11, 2015
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  5. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    [youtube]http://www.youtube.com/watch?v=WrEBplR6AYo[/youtube]

    4:08 - 4:36

    I wouldn't bother holding physical copper. It's not necessary and is impractical
     
    Caput Lupinum, Jan 11, 2015
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  6. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Makes stealing them tricky too! :)
     
    Shaddam IV, Jan 12, 2015
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