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Is copper the new silver? Prices higher. Bullion in bulk, likely to pay off?
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<p>[QUOTE="ValpoBeginner, post: 2901034, member: 77066"]Yes that is always true with futures trading in regard to copper.... It's based on in The Future How much copper will be mined and sold... with bitcoins, they can disappear with the electrical grid's disfunction. Which can occur in several ways. </p><p><br /></p><p>These are not tangible assets, but much like paper money.... it is one Entity promising to pay another a price agreed upon in advance. </p><p><br /></p><p>In the case of Bitcoin the Value goes up because there are only so many of these cryptocurrencies available. No one has to guess at how much is left, like copper. It is a definite thing. Until, and you are most correct on this Finn, the Electrical systems fail, and like the destruction of the infrastructure of the credit firms in the movie Fight Club, as Pitt's character suggested, when the power is gone everyone goes back to zero. </p><p><br /></p><p>Funny that we depend on copper heavily for both these forms of investment. Trading is basically done electronically through in most of the world copper and fiber optic cables. </p><p><br /></p><p>Without good old (Cu) , Coin Talk, the lights, the heating, air conditioning, our cars, everthing electronic would never have existed. There would be far fewer individuals on the planet. So it is something we all need to be aware of. </p><p><br /></p><p>Copper is not the best conductor of electricity, but it is the cheapest. </p><p><br /></p><p>BTW.. Ag is the best conductor.[/QUOTE]</p><p><br /></p>
[QUOTE="ValpoBeginner, post: 2901034, member: 77066"]Yes that is always true with futures trading in regard to copper.... It's based on in The Future How much copper will be mined and sold... with bitcoins, they can disappear with the electrical grid's disfunction. Which can occur in several ways. These are not tangible assets, but much like paper money.... it is one Entity promising to pay another a price agreed upon in advance. In the case of Bitcoin the Value goes up because there are only so many of these cryptocurrencies available. No one has to guess at how much is left, like copper. It is a definite thing. Until, and you are most correct on this Finn, the Electrical systems fail, and like the destruction of the infrastructure of the credit firms in the movie Fight Club, as Pitt's character suggested, when the power is gone everyone goes back to zero. Funny that we depend on copper heavily for both these forms of investment. Trading is basically done electronically through in most of the world copper and fiber optic cables. Without good old (Cu) , Coin Talk, the lights, the heating, air conditioning, our cars, everthing electronic would never have existed. There would be far fewer individuals on the planet. So it is something we all need to be aware of. Copper is not the best conductor of electricity, but it is the cheapest. BTW.. Ag is the best conductor.[/QUOTE]
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Is copper the new silver? Prices higher. Bullion in bulk, likely to pay off?
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