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Copper shock coming
- Thread starter walter62
- Start date
tinhorn
NES Member
You've got plenty of time to stockpile pre-'82 pennies:
www.coinflation.com
www.realcent.org
You're welcome.
www.coinflation.com
www.realcent.org
You're welcome.
Palladin
NES Member
/cloudfront-us-east-2.images.arcpublishing.com/reuters/RZCWHI2UEBIANP2JZKQVEMZOWM.jpg)
Analysts mark down copper forecasts as output ramps up
Analysts have pared price forecasts for copper and other industrial metals as supply expands while demand in top metals consumer China remains muted, a Reuters poll showed.
www.reuters.com
Palladin
NES Member
Citigroup Says to Buy Copper Now Before the Rally to $15,000
Max Layton, Citi’s managing director for commodities research, said he believes now is an ideal time for investors to buy...
www.usfunds.com
i do believe it is a hoax made up by speculators, as price is going down now, there is still plenty of resource rezerves left and it is a very recyclable material.Citigroup Says to Buy Copper Now Before the Rally to $15,000
Max Layton, Citi’s managing director for commodities research, said he believes now is an ideal time for investors to buy...
Copper facts
natural-resources.canada.ca
Interesting. I was just on JM Bullion this am wondering if copper would be a half decent investment over the long term.Analysts mark down copper forecasts as output ramps up
Analysts have pared price forecasts for copper and other industrial metals as supply expands while demand in top metals consumer China remains muted, a Reuters poll showed.
I’m still basically at the grade school level of collecting PM’s, what do the pros think about starting a copper pile? Waste of money and space for the amount needed or do you also keep a stock on hand?
I can tell you as a person who has silver that you'd be smoking crack to go with anything less valuable per weight.
When you start to collect this stuff in amounts worth talking about you need to consider the weight of it. Silver is already bad enough to move around. Copper would be a joke.
Parker Schreiber
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If you are speculating on price, rather than holding for when SHTF, you can go with a copper ETF such as CPER. I will note that "experts" have predicted 13 of the last 2 copper squeezes.
not new guy
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I could have sworn I saw a recent article about one of the big bank hoarding physical copper, ostensibly for the purpose of driving the price up (or maybe because they saw supply issues ahead).
Lots of murmuring, going back 6+ months
Lots of murmuring, going back 6+ months
I thought about that too, for the reasons above, space, amount needed, weight, etc, but I’m also at the point where I feel like buying any PM on paper that sits somewhere else is 100% useless if everything gets shut down.
MaverickNH
NES Member
Not to mention Ham Radio— we’ll be melting antennas to make bullets!
Mr. Brownstone
NES Member
I have seen them run out plenty of times, but never a sale. If that says anything.
Dr. Copper is the barometer for the economy. Tight supply will cause some volatile price action but as a bellwether for recessions we could see some downside soon. Now, when the economy is booming look out for there is not even close to enough surface supply for the global economy let alone some green revolution.
snax
NES Member
I just traded in about 3000# of copper last year. Filled a 20ft dumpster. Wasn't #1. Forgot what we got for it. 7k maybe?
This was scrap pipes, radiators, wire(stripped) over 35 years.
Took up alot of room.
We had 40 electric motors, but they were all rusted, just too a flat rate for those. Not worth the time to try to pull them apart. Best to do it immediately, not after sitting in the yard for 30 years.
This was scrap pipes, radiators, wire(stripped) over 35 years.
Took up alot of room.
We had 40 electric motors, but they were all rusted, just too a flat rate for those. Not worth the time to try to pull them apart. Best to do it immediately, not after sitting in the yard for 30 years.
Dennis in MA
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1. Prices better not jump until after I build my house. LOL
2. The only Copper shock is these bad dudes:
Damn I miss those days. Gun magazines to read. Ads like this. In some ways, I'd like to be an ig'nert gun owner again and learn everything all over. Because it was fun.
(And yeah, for you young guys, that's the same guy in all three balaclavas. This was an ad in the back of gun mags like American Handgunner and such.)
2. The only Copper shock is these bad dudes:
Damn I miss those days. Gun magazines to read. Ads like this. In some ways, I'd like to be an ig'nert gun owner again and learn everything all over. Because it was fun.
(And yeah, for you young guys, that's the same guy in all three balaclavas. This was an ad in the back of gun mags like American Handgunner and such.)
Palladin
NES Member
my local supply house does better than those prices....everyday
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Copper bullion/rounds/ingots from the PM houses is sold at a multiple of spot.
Mr. Brownstone
NES Member
I don’t pay too much attention. I just add 20% and pass it along. Last ai looked, they were better than HD prices. But for me to drive furthur makes no sense either.
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