Why buy copper rounds?

[KenJackson]

I notice that JM bullion is selling 1oz copper bullion rounds (http://www.jmbullion.com/copper/copper-rounds/) for 99 cents.

Is anyone here buying them? Why?

At only a dollar per ounce, you'd have to buy a bunch of them to preserve any wealth. So you'd waste a lot on postage getting them home (though I guess you could safely skimp on insurance).

I haven't heard anyone predict the price of copper is going to rise precipitously. Did I miss it?

[Hitch]

Just save all the pre 1982 pennies you come across, they are 90% copper.

[osoab]

Don't know if the rounds are troy ounce or regular ounce (they don't specify troy ounce on the site), but copper is priced in the per lbs.

1 FRN per ounce is a nice mark up from spot copper which is running 3.50 FRN's per lb.

You would be better off buying scrap copper wiring from bums.

[Spectrism]

Even better, buy insulated copper wire that is useful.

[Cebu_4_2]

Even better, buy insulated copper wire that is useful.

I need about 85 feet of #6 for my garage.

[madfranks]

Honestly, copper bullion is a gimmick, sold to gullible people who would place copper in the same regard as silver and gold. Every single piece of copper bullion I've ever seen, without fail, has been marked up to ridiculous proportions. Do not buy them for investment purposes, only buy them for collection purposes, if you like the novelty and design. For investment, you are much better off buying silver coins or gold, than copper.

[mick silver]

today I loaded up on some more lead rounds , get you some lead before it go's up more

[Sparky]

JPM price is $15/pound. Spot price is $3/pound. So this would be like charging $100/ounce for silver right now.

I don't think any/many here buy copper bullion, but some save their nickels and pre-1982 pennies. There are 146 of those type of pennies per pound, so that's $1.46 compared to JPM's $15.

[madfranks]

JPM price is $15/pound. Spot price is $3/pound. So this would be like charging $100/ounce for silver right now.

I don't think any/many here buy copper bullion, but some save their nickels and pre-1982 pennies. There are 146 of those type of pennies per pound, so that's $1.46 compared to JPM's $15.

Yeah, if you're bored and have nothing better to do, penny sorting is actually quite profitable. Each copper cent is worth over 200% face value, according to http://www.coinflation.com/.

[kiffertom]

it is an industrial metal. this would be speculating! copper is probably on the way down as the world economy is slowing!

[EE_]

it is an industrial metal. this would be speculating! copper is probably on the way down as the world economy is slowing!

If the world economy is slowing, wouldn't that be deflationary?
Where is the deflation?
Housing, stock market, food prices, taxes, insurance, energy, commodies, building materials, art, healthcare, education, services...where is it?
Just sayin'

[madfranks]

If the world economy is slowing, wouldn't that be deflationary?
Where is the deflation?
Housing, stock market, food prices, taxes, insurance, energy, commodies, building materials, art, healthcare, education, services...where is it?
Just sayin'

The actual, real economy is shrinking, but all the newly printed money continues to make things more expensive and make it look like a recovery is actually happening.

[gunDriller]

nothing wrong with buying copper, as long as you don't over-pay and it's in a Liquid (easily marketed) form.

but the one ounce rounds at the PM dealers - officially ridiculous.