Message:

<p>[QUOTE=&quot;Ana Silverbell, post: 2243078, member: 75156&quot;]I rarely buy copper bullion.&nbsp; The only time I do is if I am collecting a set that I like; <i>e.g.</i>, copper bullets (not real) that I think are cool, or one that has the Second Amendment quoted on it. (No political statement intended, at least not at this time or forum.)</p><p><br /></p><p>But the &quot;1 oz of pure copper is $0.14 ($2.27 per lb)&quot; is incorrect.&nbsp; That is the base price on “paper contracts” for the delivery of copper sold by the ton.&nbsp; This price, $2.27/lb., has no relevance when you buy purified rounds or bullion. [1]</p><p><br /></p><p>Unlike gold and silver, which melt easily and do not oxidize as easily as copper, copper immediately oxidizes when heat is applied.&nbsp; So special techniques and chemicals are used to produce copper without bubbles or contaminants. [1]</p><p><br /></p><p>The bars you buy at higher prices are actually worth more than the spot price on copper because they have been purified.&nbsp; [1]</p><p><br /></p><p>So, while I agree that most copper rounds are over-priced, if you see one you like aesthetically, and the price is acceptable, then why not buy it.</p><p><br /></p><p>My second point is, if a buyer is willing to pay &quot;10 lb copper bar for $52.44 + SH,&quot; then there is a market at that price so you may always resell it; that is, the value of copper rounds is the price people are willing to pay, not the spot price.</p><p><br /></p><p>Just my thoughts to add to the discussion.</p><p><br /></p><p>[1]&nbsp; <a href="http://www.blog.providentmetals.com/gold-and-silver-bullion-investing/why-are-premiums-for-copper-bullion-so-high.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.blog.providentmetals.com/gold-and-silver-bullion-investing/why-are-premiums-for-copper-bullion-so-high.htm" rel="nofollow">http://www.blog.providentmetals.com/gold-and-silver-bullion-investing/why-are-premiums-for-copper-bullion-so-high.htm</a>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in