Copper Stacking, Anyone?

Sold my FCX too soon at the end of last year. Only made like 25% gain after a few months. That’s OK, I believe it was Rothschild or Rockefeller that said he got rich by selling too soon, lol.

 

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Better late then never...LOL

 

Now, see, if you'd held onto that until today, it would've been worth... almost 140 dollars!

 

Woohoo!

 

With all the demand for copper and inflation, you will only need 95 tons per million dollars before you know it.

I have a list of things I'd like at my house. A pile of junk copper pipes and wire isn't on it.

 

Ahhh...but what if you built your entire house out of Copper?

 

You'd have one really big lightning rod!!

 

Here's a 5.5 lb. bar from my new mold, which was only half of it's capacity.


Here's another mold that I made myself and bars.

 

Those are really cool

 

Did you melt coins or bars down ?

 

Or plumbing pipes? lol

 

That would be some expensive piping !

 

I get copper all the time on my jobs.

 

I got 25 lbs. just from a swimming pool heater.

 

You're... you're doing it right!

 

I haven't sold any bars lately, but in 2019 I sold around 525 lbs. on ebay and made about $7.25 a lb. (before fees) and after fees ended up just over $6. With work the way it is right now, I don't have the time, but as soon as I can I'll be making bars again.

 

How much do you spend on fuel or electricity to melt a hundred pounds of copper?

 

I pay $12 for 20 lb. of propane, which 1 tank usually melts close to a 100 lbs.

 

Man, pretty nice to get such copper. I am sure you know it, but make sure you separate the electrical from other, since electrical more pure and valuable.

Thank goodness I am stocked up on Romex already. My mining stocks, which are either all copper miners or large exposure to copper, are loving these markets.

 

I use borax which works as an anti-flux, most of the other metals in the mix gets skimmed off the top in the slag. That's how I clean up the sterling I melt also.