Opinions on Copper investing....

I'm actually already on top of that. I work in a profession where I'm constantly in possesion of copper wire(remote car starters/Audio installs/etc)...I save all scraps from that. When I get enough I'll have it melted down into ingots. But it would take me forever to get up enough to do that so I'd settle for copper cents for the time being.

But never actually thought about buy just wire and keeping it that way...something to keep in mind

 

Log in or Sign up to hide this ad.

i have found jumper cables for sale at flea markets and garage sales for 5 bucks or less and they usually weigh a few pounds so im buying under the copper price

 

I like this idea.
I wonder if all those idiots that keep getting themselves electrocuted trying to steal copper ever thought of this. I guess it would take too much desire to work to get ahead.

 

well i am a car detailer and people always trade in their car with jumper cables left in them and anything not factory does not stay with the car. so i started selling them at my flea market then realized how much copper there was in them so started keeping them and buying them cheap

 

I've got 5-6 1/2 pound copper bars (walking liberty type) that i got as part of a lot i bought a few months back. Not something i would normaly have bought as mentioned, price over spot is outragious on most of them but i keep them tucked away, you never know when you might need something to throw at the neighbors cat

 

Copper pennies are way too much trouble to be a viable means of acquiring any meaningful quantity. Just store boxes of nickels instead.

 

Unless you have a dedicated copper room in your house where you can stockpile hundreds of pounds of copper, it doesn't seem practical.

 

you don't need a room, you'd need a ton of time to sort pennies going that way, but 2,000 lbs of copper pennies is like 50 bags ( I recall them being about 40 lbs or so)....you could easily put that on the floor in an average bedroom closet and it wouldn't be more than about a foot high ( if that). Make sure that is on a concrete slab and not on a second floor.

Now if you did nickels ( neatly boxed) $1,000 face probably fits in a bag that fits in an overhead bag on an airplane....of course too heavy to fly with, but not a lot of space.

You could easily store hundreds of thousands of dollars in nickels ( even cents) in a one car garage.

Think of a 10' X 10' storage unit on a concrete slab ( with 10 ' ceilings). I'd guess that space filled with boxed nickels would hold well over a million face value.

 

Build an in-ground ( actually a way underground to a more close steady temperature) copper tubing heat exchanger that can carry cool in during summer and heat in during winter with a pump. Add to it as you buy more copper, and remove part if you ever want to sell copper, or it starts to corrode a little. Some programs may even help you buy it to alleviate power plant levels. Or just build the county's largest still

Actually my advice is not to buy copper as a metal investment. Buy silver or gold if you wish physical, but you can play copper with leveraged paper and not have the delivery storage problem. I wouldn't mess with copper until industry here and in China levels and moves upward. It is a true supply/demand story. IMO.

Jim

 

nickels have a nice stop-loss built into them that is lacking in silver and gold. It used to be there for 40% silver when 90% was like 3X face.

I would never buy stuff like Romex wiring and lengths of copper pipe. Legit contractors buy it from their normal supply houses, crackheads sell stolen wire and tubing. Nickels are the way to go because they always have the face value, pennies wouldn't be profitable if you could sell them for 3 cents each right now....you'd never get enough to cover expenses and pay yourself even $1 an hour.