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<p>[QUOTE="Slider, post: 1728763, member: 44205"]Saying that copper should rise in price does not make it an investment metal, which was the point of the discussion. To say that it is cheap means nothing unless compared to the markup over the spot price of the metal. Typical premiums on silver over spot are what...10-15%? A little less for gold? The markup over spot on copper is astronomically high. Copper would have to literally skyrocket for one to make money on it (in bullion/coin form) someday. That is the opposite of an investment. </p><p><br /></p><p>Sure, we use a lot of copper (less and less in construction though), but it's massively abundant and a highly recycled material. Pre-82 pennies, which can be purchased for less than the value of the metal, are the only way for most people to make a legitimate investment play in copper, but even that scenario is questionable, since it will take an act of congress to help you cash in that "investment."</p><p><br /></p><p>Copper bullion rounds are absolutely a suckers bet. They are not an investment. The only growth potential in copper coinage is in numismatic value, of which there is none in copper bullion rounds.[/QUOTE]</p><p><br /></p>
[QUOTE="Slider, post: 1728763, member: 44205"]Saying that copper should rise in price does not make it an investment metal, which was the point of the discussion. To say that it is cheap means nothing unless compared to the markup over the spot price of the metal. Typical premiums on silver over spot are what...10-15%? A little less for gold? The markup over spot on copper is astronomically high. Copper would have to literally skyrocket for one to make money on it (in bullion/coin form) someday. That is the opposite of an investment. Sure, we use a lot of copper (less and less in construction though), but it's massively abundant and a highly recycled material. Pre-82 pennies, which can be purchased for less than the value of the metal, are the only way for most people to make a legitimate investment play in copper, but even that scenario is questionable, since it will take an act of congress to help you cash in that "investment." Copper bullion rounds are absolutely a suckers bet. They are not an investment. The only growth potential in copper coinage is in numismatic value, of which there is none in copper bullion rounds.[/QUOTE]
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