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

[50cent]

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.




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?

 

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[Coppercrazy]

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!

 

[jamesg13]

Ive been thinking the same thing holmes, i almost bought some 10 pound bars but they try to make a killing over spot

 

[jamesg13]

Way to think outside the box too bruh

 

[Coppercrazy]

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.

 

[SilverForBrains]

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

 

[TimZim]

Theres to much copper it may cost a lot but that's it.

 

[TheMastermind]

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.

 

[SilverForBrains]

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)

 

[Coppercrazy]

<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?

 

[SilverForBrains]

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

 

[Coppercrazy]

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?

 

[releventchair]

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.

 

[Coppercrazy]

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.

 

[Jdett411]

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.

 

[Coppercrazy]

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.

Well put. I just expect it to be a nice little bonus for my retirement maybe. I just haven't decided when I'm going to start buying or hoarding. Whenever I have the money to really I guess.

 

[baddbluff]

Copper, if I were you, I'd take a few extra minutes and pull the copper from the cents you are already searching. If you don't want to hoard it because of your bankroll, just turn it over on eBay for a small profit.

 

[Spizzerinctum]

Copper, if I were you, I'd take a few extra minutes and pull the copper from the cents you are already searching. If you don't want to hoard it because of your bankroll, just turn it over on eBay for a small profit.

I agree with baddbluff. If it's right there in front of you why not keep some, make a small profit and have more $ to search with. There may be a lot of copper out there, but I am doing my part to see that there is less every day.

 

[Jdett411]

The biggest factor would supply and demand on the back side. When and if the Gov. Makes it legal to melt pennies, there will be a HUGE surge of pennies bring turned in for melt. These 100's of million of lbs of copper( pennies) will cause a surplus of copper supply, dropping demand. You guessed it, lower demand=lower price. That initial surge of copper may take decades to make a profitable come back for us penny hoarders. Just my theory on this matter.

 

[BoredBankTeller]

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.

Your comment is woefully misinformed. Pounds and Ounces are units of measurement that we have created, nothing more. The unit chosen makes absolutely no difference. It's a bit like saying we cannot compare 2/3 and 8/12 because one value is in thirds and the other is in twelfths.