Since copper is dirt cheap I'm thinking about buying a dozen or so pounds and just sit on it and hope the price goes up you never know what it could be worth a few years from now. Not like I'd make a killing but considering how cheap it is I can't help but think it's a good idea to take the risk and dump some money towards it.
The premiums can be pretty steep on manufactured copper, plus there are some storage issues, such as space and verdigris. I have a couple of rounds but they don't look so nice a few years on.
I thought people were stacking copper ingots on the scale of tons. You can get a lot of copper for a few thousand dollars. Here's where I saw them for sale: http://www.alibaba.com/Copper-Ingots_pid92103 Maybe we should do a group buy?
If you want copper just go to one of the big recyclers like Sims metal They will have large ingots you can buy
They look impressive but if I was going to stack copper it would be in the form of tubes, like the rolls plumbers use. It might as well be useful. I am getting a sense of deja-vu though, I think this topic comes up quite often, the price of copper is always a lure!
Obligatory link to my post on the critical importance of copper to all aspects of modern society: General Precious Metals Discussion The New Bronze Age - The epic scale of our copper dependence I sound like a copper shill . Copper to the moon!
wouldnt trust extremely large copper bars from alibaba. i think there would be high possibility of them being hollowed out and filled with gold or silver.
Nah don't be silly, why pay for copper with high premiums when you can get it for free out of old tv's and stuff. I've often driven to the shops and picked up a couple on the way back, I spot 'em out now from a good 150 metres away. in an old crt tv you get a couple types of copper, insulated and millberry. Insulation ranges from as thick as pvc wires to as fine as a light lacquer coating. About the purest form of copper we can find is Millberry, bright & shiny copper wire. Without any impurities from lacquer etc it can basically be melted down into a high quality bar so if one was to make your own bar, millberry would be the copper to use. I make my own copper bullion stacker buckets using millberry wire only. This copper wire is mostly from degaussing cables out of tv's, not all degaussing wire is millberry, or even copper, this is my choice pickings or bare bright.. As well as no lacquer I also remove wire with glue or sticky residue to ensure purity.. I squish down the copper and fill it up again, this is 10 kg's squished, I will squish some more and top up with another 5 kg's.. Topped up to total 15 kg's of copper, lid get sealed on and that's it.. Final product, The Copper Stacker Bucket..
For some reason those buckets of copper make me jelouse. I just researched scrapping tvs...its well earned copper. I think I'll stick to penny sorting. Only thing I hate about penny sorting is the pennys are not pure, and I feel like an idiot taking $100 in pennies to exchange for cash
Copper spot price is about $7 kg. Scrap yard buy price is $6.20 kg so $93 a bucket. If the copper was from tv's alone, big and small tv's, it would take approx' 40 tv's to get 15 kg's of millberry. as well as giving you about 10 kg's of #2 copper which is almost the same value, about $5.80 kg. Then you'll have about 5 kg's of insulated wire, 4 kg's of aluminium and 100 kg's of scrap steel. giving you an average of around $5 per tv.
