Is copper the next silver prodigy??

[Mr. Shiny]

Wow simply wow all these companies down the crapper charging double what I paid for mine.

Joe, That's all well and good, and I am glad you found a source at half off retail, but it doesn't mean you didn't over pay.


The truth with links and real companies making real money is tough to argue with.

I thoroughly agree, these copper sellers are making real money, hell one of your linked companies charges an extra $35-$40 to run a buff over the ingots, do you think the shiny copper will fetch more at selling time? Nope, you'll get spot minus the discount.


Here's another multi million dollar company throwing money right down the crapper
$9/lb for busbar! That's what that rounded edge copper is, electrical bus, plus that fancy logo and some text.


Respond to the links and the facts Mr. Shiny. I'm waiting.
I have, wait no longer.

[TomServo]

PEX, wireless, fiber optics and small solar panels (using silver) that need less copper for power transmission will eat into the electrical copper market. We have enough copper for hundreds of years at least.
But...if ccjoe times his sells right, he's going to make a ton of money.

[ccjoe]

Joe, That's all well and good, and I am glad you found a source at half off retail, but it doesn't mean you didn't over pay.

I thoroughly agree, these copper sellers are making real money, hell one of your linked companies charges an extra $35-$40 to run a buff over the ingots, do you think the shiny copper will fetch more at selling time? Nope, you'll get spot minus the discount.

$9/lb for busbar! That's what that rounded edge copper is, electrical bus, plus that fancy logo and some text.

I have, wait no longer.
Thanks MS for the well thought out response. That's all I ask.

[spathatos]

Are we getting closer to intended value? One day's wage = 1/10 troy oz silver= 64 copper quadrans?
The Bible refers to the denarius as a day's wage for a common laborer (Matthew 20:2)- 'A quart of wheat for a denarius, and three quarts of barley for a denarius [Latin Vulgate: bilibris tritici denario et tres bilibres hordei denario, δηναρίου in the original Greek];-Classical historians regularly say that in the late Roman Republic and early Roman Empire the daily wage for an unskilled laborer and common soldier was 1 denarius without tax, or about US$20 in bread.(By comparison, a laborer earning the minimum wage in the United States makes US$58 for an 8-hour day, before taxes.) The actual silver content of the Denarius was about 50 grains, or 1⁄10 troy ounce under the Empire.
http://en.wikipedia.org/wiki/Denarius
The Gospel of Mark specifies that a mite was worth less than a farthing, or more accurately, quadrans, the smallest Roman coin.
1 gold aureus = 2 gold quinarii = 25 silver denarii = 50 silver quinarii =100 bronze sestertii = 200 bronze dupondii = 400 copper as = 800 copper semisses = 1600 copper quadrans.

Great Post above ^^^^^

Revalation 6:6
Then I heard what sounded like a voice among the four living creatures, saying, "A quart of wheat for a day's wages, and three quarts of barley for a day's wages, and do not damage the oil and the wine!"

[TomServo]

"PEX, wireless, fiber optics and small solar panels (using silver) that need less copper for power transmission will eat into the electrical copper market. We have enough copper for hundreds of years at least."

I wanted to add the death of pennies to this list. If the copper supply gets tight, kill the nickel to free up a bunch more.

I still see short-term money-making opportunities, but copper as money? 2,000 years ago before Caterpillar and dynamite, sure, but we know how to find it now.

[ccjoe]

I think it is important to have a grasp on the subject matter to post about it as people will get misinformation if you don't. A discussion board should add light to the subject matter and NOT obfuscate as our government does that already e.g. 9.4% unemployment when we all know it's 22%.
The point is there is a copper shortage and it isn't get any better. http://www.321energy.com/editorials/watson/watson121605.html
Just study this stuff to see what all the experts are saying past and present.

[ccjoe]

Adding light this present moment>http://www.businessweek.com/news/2011-01-20/global-copper-shortage-to-widen-on-economic-recovery.html

[PastTense]

Where do you buy copper cathode and where to you sell it? What is the premium between the two?

To invest in copper one has to be optimistic about the future of the world's economy (huge numbers of people buying new houses and new cars...). Instead some of us are very pessimistic.

[Gcubed]

Where do you buy copper cathode and where to you sell it? What is the premium between the two?

To invest in copper one has to be optimistic about the future of the world's economy (huge numbers of people buying new houses and new cars...). Instead some of us are very pessimistic.

LME or NYMEX. I doubt fabricators would trust any other source except for refinery direct.

[ccjoe]

Where do you buy copper cathode and where to you sell it? What is the premium between the two?

To invest in copper one has to be optimistic about the future of the world's economy (huge numbers of people buying new houses and new cars...). Instead some of us are very pessimistic.

I bought all finished kilo bars.
I am very pessimistic about the U.S. economy hence my 75% silver positon.
25% in copper is because I feel more optimistic about Asia and housing starts, car purchases, etc for the NEW middle class which will need more copper than is being produced.
Of course we have the 9000 year history of copper coin usage in the exact place where everything is happening with the most people> China.

[AuNuggets]

Take a 10 ounce bar of gold into any gold dealer, and you will get something very near spot in exchange. Take a 10 ounce bar of silver in, and you start to notice the discount off spot a little more clearly. Now take a 10 ounce bar (or any other size) of copper to your local buyer, if you can find one, and let us know what happens............ and while you are there, ask them if they will pay you 1 1/2 or 2 cents apiece for your copper cents. $0.0285420 (2.8 cents) is the "melt value" for the 1909-1982 copper cent on January 28, 2011.

.............and you think you had storage problems with silver ??!!