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Copper bullion. Does it make sense?
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<p>[QUOTE="adric22, post: 1609088, member: 38146"]I've examined this copper phenomenon for a while. Some things to consider is that the copper for those 1-oz rounds will typically cost 4 to 6 times more money than the actual metal is worth. So if you tried to have it melted down, you'd take a big loss. A 1 oz copper round is worth about $0.25 but you will never be able to buy them for that. The cheapest I've found is $0.88 a piece when bought 800 rounds at a time in bulk. </p><p><br /></p><p>However - as long as the market conditions that allow this premium are to continue and you are reselling to another person (sucker) then you should be able to get your money back and possibly a profit. However, it the market conditions fail then you will end up with melt value.</p><p><br /></p><p>If you want to buy copper, the best bet are to buy bars. And get the largest bars you can. I've bought a few of them. If you get bars that weight a pound, kilo, or more then the premium is only about double the melt value. Still a loosing proposition if you ever have to sell it for melt, though.</p><p><br /></p><p>I would also agree if we end up in a barter situation the 1-oz rounds could be useful. But I wouldn't buy a whole lot of them. I only have 2 tubes of them, a total of 40 rounds plus a few bars. I have about $100 total in copper.[/QUOTE]</p><p><br /></p>
[QUOTE="adric22, post: 1609088, member: 38146"]I've examined this copper phenomenon for a while. Some things to consider is that the copper for those 1-oz rounds will typically cost 4 to 6 times more money than the actual metal is worth. So if you tried to have it melted down, you'd take a big loss. A 1 oz copper round is worth about $0.25 but you will never be able to buy them for that. The cheapest I've found is $0.88 a piece when bought 800 rounds at a time in bulk. However - as long as the market conditions that allow this premium are to continue and you are reselling to another person (sucker) then you should be able to get your money back and possibly a profit. However, it the market conditions fail then you will end up with melt value. If you want to buy copper, the best bet are to buy bars. And get the largest bars you can. I've bought a few of them. If you get bars that weight a pound, kilo, or more then the premium is only about double the melt value. Still a loosing proposition if you ever have to sell it for melt, though. I would also agree if we end up in a barter situation the 1-oz rounds could be useful. But I wouldn't buy a whole lot of them. I only have 2 tubes of them, a total of 40 rounds plus a few bars. I have about $100 total in copper.[/QUOTE]
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