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<p>[QUOTE=&quot;Market Harmony, post: 931905, member: 20154&quot;]It will come to no surprise to you that there are collectors/enthusiasts for bullion.&nbsp; Whether it is gold, silver, or yes, even copper and other base metals.&nbsp; There are forums dedicated to bank mining for copper cents, and copper bullion in the form of ingots and bars does have its own niche market.</p><p><br /></p><p>As the owner of the company referenced in the original post, I can tell you that copper bullion is not sold based on spot price.&nbsp; In fact, my company&#039;s pricing structure has very little association with spot price.&nbsp; Yes, there is a change pricing periodically to reflect the increase and decrease in my raw material.&nbsp; But, the primary cost factors in producing the bullion for which my company specializes, is labor and consumables, such as crucibles and utility expenses.&nbsp; When it is all said and done, my margins are quite tight, and any business owner can tell you that keeping an eye on your margins will make or break you.</p><p><br /></p><p>To those who look at the spot price of copper and cannot fathom the&nbsp; reason for somebody paying well above spot price for copper bullion, then I challenge them to purchase pure copper in small quantities for that spot price.&nbsp; Even my company must pay well over spot price for the amount of raw material which is bought.&nbsp; The spot price that the LME posts is for bulk purchases (think tons, not pounds and ounces) and does not take into consideration delivery costs.&nbsp; What it comes down to is that no buyer of copper bullion in the form of a novelty product can rely on spot price alone to determine the value of their purchase.</p><p><br /></p><p>My advice to those who would like to collect or invest in copper bullion has always been to first determine why copper appeals to you, and then let good judgment and general interest guide their buying decisions.[/QUOTE]</p><p><br /></p>

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