Provident Metals has some new listings for AVDP copper bullion coins and bars. Check it out and report back what you think: http://www.providentmetals.com/bullion/copper.html?p=1 I like the look of the Statue of Liberty and Walking Liberty coins myself. :smile TC
ive seen ppl posting copper bullion before as coins and small ingots. IMHO since these pieces of copper are running you 2x+ bullion prices i wouldnt touch it. my best suggestion is to try and find someone (recycling center/plant) you can buy copper busbar from. back in 1997 i was getting it for 10% over what the recycling center was paying. to bad i never held on to it long enough to make it worthwhile and now they wouldnt even sell to me but its your best chance since the person who buys it from you will simply look at it as copper.
I have to agree with Lugia. You could just hoard pre-82 Lincolns for under spot and come out much better. Plus, if copper takes a huge dive, you can still get face for your investment. Your only risk would be hyperinflation. But let's face it...I doubt copper would tank in that situation.
I like copper shot better. I have bars, rounds, but mostly copper shot. It was the best deal at the time, and frankly it is kind of pretty. The bags of shot are easy to store also. I bought my shot when copper was under $3.00/lb. Copper is my back up plan if and when I must sell metal to make ends meet. I wanted plan B to avert the need to sale my other metals.
I have to think that simply storing enough copper to make investing in it worthwhile is counter productive in itself. I have bought and sold copper bars once... and for what I got out of those big bars I'd much rather have a few ounces of silver... or a couple grams of gold.
It's hard to imagine that any metal that is sold by the ton could really be considered a "bullion" product.
not only is it 2X spot price, but lets say I want to make a reasonable investment of $10,000. At $18.60 a Kilo, that's 537 Kilos.......or 1182lbs. Zoooks, scooby, where am I supposed to store that?
Ok, so I store it in the silo. Now it comes time to sell. How much can a person carry, reasonably. Or are you suggesting taking the tractor to the bullion dealer? Besides, copper oxidizes into that nasty green puke.
Maybe nitrogen would help to keep it from turning green. On a more serious note, I am not sure how the big players do it - but someone is taking physical delivery of the stuff. I just feel that if copper floats your boat, then by all means go for it. Like I mentioned earlier, I like the bags of the copper shot. A few hundred pounds is plenty for me right now. So the 1182 pounds referenced is only about 4 times what I have. I could easily store more than that amount of copper in the 10 pounds units I currently have. Another storage option might be a concrete lined mechanic work area (under the surface about 5 feet). That is what I use to store some emergency supplies. I then roll an old car over the planks to prevent easy access. An old refreigerator on it's back also makes for handy dandy storage - plus they are mostly mouse proof. My entire supply of copper fits in one laundry basket sized tote - the Rubbermaid type. The tote is filled with multiple bags of copper shot. I really do not mean to be so argumentative. I just feel comfortable holding copper. I like the metal. I would get more if I could afford it. I might add that I have a fair amount of acreage to store stuff, as well as mulitiply locations. I am fortunate that way - not everyone has those options for available space. Finally, I like copper when its shiney, dull, or green. I just think it is a pretty metal. I even think copper is prettier than silver - hope I don't get struck by lightening for that one! - Have fun.
