New book claims copper is as good an investment as gold?

More energy efficient cars are having an impact on using less gas, especially after the government had millions of cars destroyed during the current administration efforts to prop up the auto factories after the crash of 2008 so less gas is being consumed here. But countries like India and China are now using more gas, oil and coal than ever before so the supply is still needed. But the recent OPEC meeting that ended up keeping the output high and prices low also impacted energy supplies. So everyone is still producing the same amount and more to meet the demand.

 

Log in or Sign up to hide this ad.

... and they just might be trying to punish Russia with these low prices. Temporary relief for us at the pumps, I fear.

 

Absolutely! The sanctions on Russia were a direct result of Saudi Arabia voting to keep production at current levels. It was also done to punish Iran and Syria both of whom Saudi Arabia hate with a passion. The Sauds can afford a loss of income for the time until the desired results are achieved.

 

I am not going to sit here and claim any type of technical investment savvy. All i know is gas is real cheap (and getting cheaper) all of a sudden, and something just doesnt feel right.

Oil is used in many more ways than just gasoline and is one thing that people use everday all over the world. I think its an opportunity and I dont want to waste one that is glaring me right in the face.

How long can Russia sit by as we undermine their country and economy? How long will Saudia Arabia allow the price war to continue to fight for the dominant sales contracts?

Every article I have read on oil and why not to invest in it right now are basically saying the same thing. The US's production is up, fracking, and USA! USA! USA! with minimal mention of the global effects and economical effects on others around the world. I think its just in brief rut and will return to a much more normalized price before it goes back up even further pending another recession/depression type crash.

 

"Lead...The New Gold!" Available Fall 2015 by The National League of Lead Guys, inc. Publications

 

Maybe we can all sit down and figure how much we are saving on gas each week, while the prices are low, and invest the savings in some really nice coins. Because these prices will not last forever.

 

While playing to my coin addicted nature, this sounds like good advice.

My plan though is to sink some money going into this thing both ways and exponentially increase my investment at the end of all this. Of which I can see taking 6 months or less to achieve. But if it goes as planned, I will be able to buy more coins with the profits.

 

Way ahead of you. I already started blowing the difference this Christmas with @bkozak33 ... Nice Common Coins

 

All I know is that during a recent coin show in New Orleans a dealer got quite rude with my little brother because he touched the face of his copper "bullion". To that dealer it was "gold". Yes he does have a right to tell people how his merchandise is handled, but to scold my brother so harsy for claiming his "copper will now tarnish" was a bit unwarranted IMO.

 

SBG has a bunch of them up for bid this coming Friday: http://www.stacksbowers.com/BrowseAuctions/LotDetail/tabid/227/AuctionID/6066/Lot/1644/Default.aspx

 

you could always order a truck load of copper pipe and stack it in your garage. lol
I do keep a little bit of copper cents, but its not a big focus, just incidental to coins I'm interested in.

 

check this out http://portlandmint.com/products.php
1 ton of investment grade copper pennies
Secure Storage Available for this item
Unit Price $4959.00 - Order Online or call 1-888-444-1089
Buy Back Price Per Unit: $4761.00
Buy back policy

 

I'd never "invest" in copper. However, I do a good bit of penny roll searching and have accumulated one 5-gallon bucket of copper cents but I limit myself to that.....just in case we see a huge spike.