For fast discovery I created a Excel sheet with GSR math showing today 70.6557377 Well I sell plenty of copper scrap & figured there is a ratio to be kept track of even if copper is listed by the pound . Converted to the ounce copper is .16 and delivers 8275.2 for gold Silver is 117.12 Aside from seeing how bad a $1 to $2 copper oz coin is as a true investment that number 117.2 has a reality Are they connected ? who's the boss Gold ? Silver ? Copper ? Copper has been artificially inflated from china for about 5 years or so Coppers true pound price will surface and converted to ounces might allow us to analyze another true ratio http://www.forbes.com/sites/gordonchang/2012/02/12/china-is-hoarding-copper-why/
If you are selling scrap then tracking the CSR makes a lot of sense. Assuming you would buy silver with the money it would let you know when the better times are to sell the scrap. Silver is also a by-product of many types of other mining so you might be able to find a connection there as well.
Don't forget that when they are mining resources, copper and silver can be found together in a lot of cases. What that means....I don't know really......but it will open the door for some deep thought I am sure. Less of one, less of the other. Thats a start. We can work on it.
There have been times , just casual in the head math, I noticed yes , some weeks copper scrap could deliver more silver by the ounce . All in all - wile I don't utilize all my scrap moneys for silver , I do have more scrap income then what I spend in silver purchases . I don't talk about it much but with a little loss of dignity (cause you have to pull it from discarded items off the street & people you know see you ) all scrap - Copper - Aluminum Brass - Stainless steel - Lead Steel - mix metals - do deliver surprising sums of money . When that money is used for silver your ultimately a part of the commodity market in it's truest form. Even the fuel needed for your van to find scrap fits into the picture as now $5 gas does what $10 did before crude hit $47 When the commodity market is in-sink it's never a bad time to buy silver . Yet some times you see a imbalance lower scrap pay out wile fuel is high . causing you to decide what to spend scrap profits on , the unbalanced trends seem to not last and scrap pay out matches crude . Still you catch on sooner or later a permanent readjustment occurs on certain scrap items you once sold and that becomes the new pay out on such item Such as copper bearing items . It's a very vast world scrapping . Just get a wire clipper and collect wire , you will build wealth to convert to silver - vacuum motors - all appliances at the curb are money waiting to be picked
I collect copper flat bar when I can. Your collecting has enlightened you to the things we only speculate about. You are one step ahead of us. Copper is a good indicator of the direction of the economy due to its applications. Keep us informed should scrap copper move in the upwards direction.
