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<p>[QUOTE="I.L. McDougal, post: 2149424, member: 74599"]I think we have to look at this objectively (and disdainfully) from the point of view of a retail product and most certainly not a consideration of physical investments. This, to me personally, is the only way to understand this madness.</p><p> </p><p>Kitco currently has the spot price of copper at $2.90 per lb. This means the actual metal value of 1 ozt copper bullion rounds is roughly $0.19 (2.90 / 14.58). In order to see you regain your investment at metal value at $1.50 per copper round, you would need to see the price of copper at around $23 per lb.. not likely to happen soon.</p><p> </p><p>Part of the driving motions behind people beginning to horde the devalued copper 'bullion' is simple marketing. They are visually appealing, their low unit price is affordable, and there is quite a bit of speculative horror stories about the end of times driving the prices through the roof.</p><p> </p><p>Will record prices in copper be seen in the near future? I'm not going to bet my money on it, but if you want to stockpile copper certainly you should be paying what it's worth.</p><p> </p><p>Retail copper bullion isn't the answer. Old US Lincoln cents are more reasonable way to gather an investment in copper and they are readily available in your pocket change.</p><p> </p><p>But if you want straight up market-price copper, I suggest you find a recycle center in your area and see about attempting to buy scrap from them by weight.</p><p> </p><p>However if you are dead-set on adding the appealing secondary market stuff too your holdings, I would suggest buying it in larger sizes like 1 lb bars. The fractional prices are just to extreme in my opinion.</p><p> </p><p>A sidenote: I'm confidently doubtful a pocket-full of copper coins is going to help you change the mind of a Zombie set to its hungry purpose. They seem a bit sociopathic to me...[/QUOTE]</p><p><br /></p>
[QUOTE="I.L. McDougal, post: 2149424, member: 74599"]I think we have to look at this objectively (and disdainfully) from the point of view of a retail product and most certainly not a consideration of physical investments. This, to me personally, is the only way to understand this madness. Kitco currently has the spot price of copper at $2.90 per lb. This means the actual metal value of 1 ozt copper bullion rounds is roughly $0.19 (2.90 / 14.58). In order to see you regain your investment at metal value at $1.50 per copper round, you would need to see the price of copper at around $23 per lb.. not likely to happen soon. Part of the driving motions behind people beginning to horde the devalued copper 'bullion' is simple marketing. They are visually appealing, their low unit price is affordable, and there is quite a bit of speculative horror stories about the end of times driving the prices through the roof. Will record prices in copper be seen in the near future? I'm not going to bet my money on it, but if you want to stockpile copper certainly you should be paying what it's worth. Retail copper bullion isn't the answer. Old US Lincoln cents are more reasonable way to gather an investment in copper and they are readily available in your pocket change. But if you want straight up market-price copper, I suggest you find a recycle center in your area and see about attempting to buy scrap from them by weight. However if you are dead-set on adding the appealing secondary market stuff too your holdings, I would suggest buying it in larger sizes like 1 lb bars. The fractional prices are just to extreme in my opinion. A sidenote: I'm confidently doubtful a pocket-full of copper coins is going to help you change the mind of a Zombie set to its hungry purpose. They seem a bit sociopathic to me...[/QUOTE]
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