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<p>[QUOTE=&quot;NorthKorea, post: 2897394, member: 29643&quot;]In order for you to get back your $2 per piece back (think about that for a moment: if copper were $3.15 per ounce, as you claimed, why would anyone sell you one ounce copper rounds for $2?), copper would need to get to about $40 per pound, since it&#039;d still be viewed as a base metal and would be discounted for the effort needed to turn it into something usable.</p><p><br /></p><p>I&#039;m not sure it&#039;s likely that copper will go from $3.12 (actual $3.119 as of 3 Nov 2017) to $40 per pound in the next 40 years. It was 60-cents 40 years ago, and seems to double every 20 yrs or so, peak-to-peak. In it&#039;s best 20-year period (again, P2P), it almost tripled. Even with that, you would be losing money on this &quot;investment&quot; 40 years from now... in today&#039;s dollars.</p><p><br /></p><p>Industrial/base metals tend to be reflective of inflation, due to their consumption. Even if your copper slugs were &quot;worth&quot; $2.50 per ounce in 40 years, that would be in 2057 dollars... or approximately 62-cents in 2017 dollars (based upon 1977-2017 inflation rates). (That&#039;s a whopping 3.33% real net growth aggregated over 40 years for an actual investment in copper, BTW.)</p><p><br /></p><p><br /></p><p><br /></p><p>That 37% upswing is a nice reversal after the preceding four years of downtrend...</p><p><br /></p><p>Consider copper dropped from $3.70 to $1.27-ish in the second half of 2008.[/QUOTE]</p><p><br /></p>

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