Copper today is what silver was back in 1960s! Copper will be a precious metal! PROOF
Welcome guest, is this your first visit?
Member
Discoveries
 
Page 1 of 4 123 ... LastLast
Results 1 to 15 of 47
Like Tree18Likes

Thread: Copper today is what silver was back in 1960s! Copper will be a precious metal! PROOF

« Prev Thread | Next Thread »
  1. #1

    Nov 2012
    Super-Skunksville x1000.
    2,870
    1110 times
    C R H 'N

    Copper today is what silver was back in 1960s! Copper will be a precious metal! PROOF

    I was doin some calulations, and I see that copper is and will be a precious metal in a matter of years. it's value is growing, exponentially, similar to how Ag was before the coinage act of 1965.

    Click image for larger version. 

Name:	Copper Prices.jpg 
Views:	469 
Size:	45.3 KB 
ID:	772106


    if you know the mathematics, then you will realize this is an exponential rate of growth. now you may say, "50, nice graph n'all, but I don't see where this fits in". well look below, I got a picture of the price of silver from the silver institute showing the same almost exact rate of exponential growth back in the early 1960s. if you ask an old timer, who lived in that time period, they will say about silver coins what people say about the copper cent, "people didn't think they were worth anything, we just spent um"




    If people think hunting cents is a waste of time, well.......let them keep thinking that. Opinions?
    Sheperdess and jamesg13 like this.
    Quote Originally Posted by TreasurePirate69 View Post
    Your logic is completely insane.
    Quote Originally Posted by jeff of pa View Post
    This place is supposed to be Fun.

  2. #2
    us
    James

    Jun 2012
    Ohio
    1,552
    323 times
    I agree, but how many on this forum are going to be alive in 50 years? Probably only me and a few others. But I still think it is a great investment!

  3. #3
    us
    Jan 2013
    The Outskirts
    BountyHunter IV
    108
    36 times
    All Types Of Treasure Hunting
    Ive been thinking the same thing holmes, i almost bought some 10 pound bars but they try to make a killing over spot

  4. #4
    us
    Jan 2013
    The Outskirts
    BountyHunter IV
    108
    36 times
    All Types Of Treasure Hunting
    Way to think outside the box too bruh

  5. #5
    us
    James

    Jun 2012
    Ohio
    1,552
    323 times
    Quote Originally Posted by jamesg13 View Post
    Ive been thinking the same thing holmes, i almost bought some 10 pound bars but they try to make a killing over spot
    Honestly I would just go copper cents and find them hunting. It's worth what you can get. I would never buy copper at 3x over spot like most distributors try to get on those bars.
    sagittarius98 likes this.

  6. #6
    us
    Feb 2012
    2,444
    721 times
    All Types Of Treasure Hunting
    I don't think this makes any sense, silver was worth way more than $3.75 a pound even when it was worth face! in fact 80 quarters weigh a pound, so that's $20/pound. in the second half of the sixties it went for $1-$2 bucks per ounce. Also, I think it's really too early to tell if copper is going to show exponential growth, we're so early on that curve and copper prices have seemed to be rather stable in the last year. Also, that second graph is a stepwise function.

    But, I get your point, and copper will obviously be worth more in the future. i think it's going to take some time though

  7. #7
    us
    Aug 2011
    1,948
    881 times
    All Types Of Treasure Hunting
    Theres to much copper it may cost a lot but that's it.

  8. #8
    us
    Poet—Traveler—Soldier of Fortune

    Mar 2012
    Pennsy
    2,172
    1625 times
    All Types Of Treasure Hunting
    I think you are a little off base due to the fact that copper and silver weight are measured in different systems. Copper is priced per pound, precious metals per ounce.
    sagittarius98 likes this.
    And as things fell apart
    Nobody paid much attention

  9. #9
    us
    Feb 2012
    2,444
    721 times
    All Types Of Treasure Hunting
    Click image for larger version. 

Name:	copper prices.png 
Views:	316 
Size:	17.9 KB 
ID:	772246

    Even the copper price over the last several years looks like a stepwise function to me, I wouldn't call this exponential (this is '89 to current)
    sagittarius98 likes this.

  10. #10
    us
    James

    Jun 2012
    Ohio
    1,552
    323 times
    Quote Originally Posted by SilverForBrains View Post
    <img src="http://www.treasurenet.com/forums/attachment.php?attachmentid=772246"/>

    Even the copper price over the last several years looks like a stepwise function to me, I wouldn't call this exponential (this is '89 to current)
    What the heck happened in Jan of 2009?
    2016 Goals:

    67/500 Wheat Cents
    2/3 Indian Head Cents
    0/1 1999 WAM Cent
    0/5 WAM Cents
    2/20 Buffalo Nickels
    1/25 War Nickels
    8/100 Silver Dimes
    0/1 Mismatched Serial Number Bill
    0/1 <1000 SN $1 Bill

    $125/$1,000 Cents Searched
    $260/$5,000 Nickels Searched
    $500/$50,000 Dimes Searched
    $68/$25,000 Half Dollars Searched


    Lifetime Goals:

    0/1 1992 P/D Close AM Cent

  11. #11
    us
    Feb 2012
    2,444
    721 times
    All Types Of Treasure Hunting
    Quote Originally Posted by Coppercrazy View Post
    What the heck happened in Jan of 2009?
    That was the start of the last big recession, end of 2008. all stock prices did that, copper bounced back way quicker than most

  12. #12
    us
    James

    Jun 2012
    Ohio
    1,552
    323 times
    Quote Originally Posted by SilverForBrains View Post

    That was the start of the last big recession, end of 2008. all stock prices did that, copper bounced back way quicker than most
    Dang I didn't think the effect would be that bad. But I thought that during recessions, precious metals generally go up in price, since the value of the dollar usually goes down?
    2016 Goals:

    67/500 Wheat Cents
    2/3 Indian Head Cents
    0/1 1999 WAM Cent
    0/5 WAM Cents
    2/20 Buffalo Nickels
    1/25 War Nickels
    8/100 Silver Dimes
    0/1 Mismatched Serial Number Bill
    0/1 <1000 SN $1 Bill

    $125/$1,000 Cents Searched
    $260/$5,000 Nickels Searched
    $500/$50,000 Dimes Searched
    $68/$25,000 Half Dollars Searched


    Lifetime Goals:

    0/1 1992 P/D Close AM Cent

  13. #13
    Charter Member
    us
    "WP"

    May 2012
    13,983
    25818 times
    Quote Originally Posted by Coppercrazy View Post
    What the heck happened in Jan of 2009?
    Copper was there,just not in consumer form. Stock existed but not available on short notice if that makes sense. Also China was looking for sources to increase their stock bringing attention to copper that while available may have seemed like it was not. after about a 170 percent run up over 4 years. Inventories went to about half each year a couple years. When inventory is up prices come down and vice versa. 09 it climbed 50 percent. Then 70 percent the next time in 2010. Up down,up,down. Got to where some mines closed during lows.
    When its high mine again.

  14. #14
    us
    James

    Jun 2012
    Ohio
    1,552
    323 times
    It any event the copper cent is still worth more than FV, so why not hoard them? Can't do any harm. I haven't really been hoarding but going to start.
    2016 Goals:

    67/500 Wheat Cents
    2/3 Indian Head Cents
    0/1 1999 WAM Cent
    0/5 WAM Cents
    2/20 Buffalo Nickels
    1/25 War Nickels
    8/100 Silver Dimes
    0/1 Mismatched Serial Number Bill
    0/1 <1000 SN $1 Bill

    $125/$1,000 Cents Searched
    $260/$5,000 Nickels Searched
    $500/$50,000 Dimes Searched
    $68/$25,000 Half Dollars Searched


    Lifetime Goals:

    0/1 1992 P/D Close AM Cent

  15. #15

    Jan 2013
    97
    83 times
    All Types Of Treasure Hunting
    I think there's some truth to your theory but way lower yields than silver every would be. Reason being, supply and demand. Silver is considered a precious metal. Copper is used as an everyday metal: wire, pipes, tools. The abundance of copper that is mined verses silver is a night and day difference. I do have a few jugs filled with copper pennies, I search from time to time but I'm not hoping to turn them in one day to pay the mortgage off. Maybe just a nice vacation or two, more realistic.

 

 
Page 1 of 4 123 ... LastLast

Home | Forum | Active Topics | What's New

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Replies: 21
    Last Post: Mar 22, 2012, 09:06 PM
  2. BACK TO THE 1740 HOME* A COPPER & STERLING SILVER BROOCH
    By HEAVYMETALNUT in forum Today's Finds!
    Replies: 19
    Last Post: Oct 29, 2011, 06:50 PM
  3. 1800s farm hunt. Big copper, medium copper, small copper...
    By CrazySlasher in forum Today's Finds!
    Replies: 11
    Last Post: Sep 15, 2010, 01:22 PM
  4. Replies: 13
    Last Post: May 17, 2008, 01:51 AM
  5. Copper,copper,copper,copper,SLAG..copper, BINGO!
    By RatRacer in forum Today's Finds!
    Replies: 4
    Last Post: Jun 10, 2006, 06:22 PM

Search tags for this page

copper precious metal
,
could copper become a precious metal
,
graph of purchasing power
,

is copper a precious metal

,
what is copper worth today
,
will copper be a precious metal
,

will copper become a precious metal

,

will copper ever be a precious metal

,

will copper ever be valuable

,
will copper ever become a precious metal
Click on a term to search for related topics.
Powered by vBadvanced CMPS v4.3.0