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<p>[QUOTE="-jeffB, post: 4652121, member: 27832"]As far as using copper to speculate or store value -- I look at the "nice suit" argument that gold bugs use all the time ("an ounce bought a nice toga in ancient Rome, it buys a nice suite in London today").</p><p><br /></p><p>A ton of copper cents is worth about $3K face value. If you could find someone to pay full copper spot, it would be closer to $6K.</p><p><br /></p><p>If copper "holds its value through the ages" (except it might not) "like gold and silver" (them either), that ton of copper cents will still buy you a nice living-room set in 30 years, even if the price of the furniture has gone from $6K to $60K.</p><p><br /></p><p>But <b>it's still a ton of cents, and you've had to climb around them for 30 years</b>.</p><p><br /></p><p>And meanwhile, if you'd put the money into a couple of nice index funds, yadda, yadda, yadda.</p><p><br /></p><p>Greenbacks under the mattress: don't even <i>retain</i> their value over time.</p><p><br /></p><p>Pennies in the crawlspace, silver in the closet, gold in the hidden drawer: retain their real value (on average, over a long enough period, usually), but don't grow.</p><p><br /></p><p>Real estate: <b>earns returns</b> during the time you're holding it, if you lease. May even be defendable in an apocalypse.</p><p><br /></p><p>Equities: <b>earn returns</b>, <i>and</i> grow. Or shrink, or go to zero -- but, on average, when diversified, grow. But aren't shiny, and are no good against apocalypses.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 4652121, member: 27832"]As far as using copper to speculate or store value -- I look at the "nice suit" argument that gold bugs use all the time ("an ounce bought a nice toga in ancient Rome, it buys a nice suite in London today"). A ton of copper cents is worth about $3K face value. If you could find someone to pay full copper spot, it would be closer to $6K. If copper "holds its value through the ages" (except it might not) "like gold and silver" (them either), that ton of copper cents will still buy you a nice living-room set in 30 years, even if the price of the furniture has gone from $6K to $60K. But [B]it's still a ton of cents, and you've had to climb around them for 30 years[/B]. And meanwhile, if you'd put the money into a couple of nice index funds, yadda, yadda, yadda. Greenbacks under the mattress: don't even [I]retain[/I] their value over time. Pennies in the crawlspace, silver in the closet, gold in the hidden drawer: retain their real value (on average, over a long enough period, usually), but don't grow. Real estate: [B]earns returns[/B] during the time you're holding it, if you lease. May even be defendable in an apocalypse. Equities: [B]earn returns[/B], [I]and[/I] grow. Or shrink, or go to zero -- but, on average, when diversified, grow. But aren't shiny, and are no good against apocalypses.[/QUOTE]
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