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Thread: Should I invest in a 1kg bar of copper?

  1. #11
    Copper
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    Re: Should I invest in a 1kg bar of copper?

    Here is a 1KG bar I've seen in eBay, he/she is selling it for £29

    "WHY NOT GRAB YOURSELF A BARGAIN, COPPER IS ON THE UP UP UP!

    THIS 1 KILO (2.2 lbs) COPPER BULLION IS PURE .999, IT IS FROM THE USA. THIS A LIBERTY HEAD COPPER BULLION AND IS DATED 2010

    Recently gold and silver prices have increased sharply and therefore the general public finds it difficult to afford silver and gold. This is why buying copper bullion is the way to go! It is cheaper and therefore easy to afford, and as prices increases with enormous demand in China, its a win win situation for copper investors.

    Copper's spot price has recently increased to an all time high and the only way is up. Grab yourself this fantastic copper bullion. Copper surged to records in London and New York (30/12/10) on speculation the global recovery is gaining pace.

    Shipping to the UK only"


    -- So what do you think of this?


  2. #12
    RJB
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    Re: Should I invest in a 1kg bar of copper?

    Quote Originally Posted by Robert
    Here is a 1KG bar I've seen in eBay, he/she is selling it for £29-- So what do you think of this?
    That's $45 per kilo.

    Copper is selling for $4.38 a pound, so that is $9.64 a kilo. You're paying a 35 dollar premium!!!

  3. #13
    Great Value Carrots willie pete's Avatar
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    Re: Should I invest in a 1kg bar of copper?

    I'd rather buy Ag or Au
    If you don't think to good, don't think too much

  4. #14
    kregener
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    Re: Should I invest in a 1kg bar of copper?

    Lots of metals have industrial value.

    But only a few are a store of wealth.

    Copper ain't one of them.

  5. #15
    Great Value Carrots StackerKen's Avatar
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    Re: Should I invest in a 1kg bar of copper?

    Buy Silver Robert

    "If a law is unjust, a man is not only right to disobey it, he is obligated to do so." T.J.

    Injustice anywhere is a threat to justice everywhere. (MJK)

    Silence is Treason!

  6. #16
    Copper
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    Re: Should I invest in a 1kg bar of copper?

    You guys are great help, thanks for all your wisdom!!

  7. #17
    Moderator madfranks's Avatar
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    Re: Should I invest in a 1kg bar of copper?

    Don't disregard pre-1982 copper cents either! The mint changed the composition of the cent in 1982 to be 97.5% zinc; in contrast, pre-82 cents are 95% copper, and the current copper value of each of those cents is almost 3 cents. So for every one cent you spend on a copper penny, you're getting three cents in copper metal! Many of us, including myself, have been keeping all of our copper cents we get in change for years, and I have a few large mint bags full of copper coins. If you're bored and looking for a hobby, buy boxes of pennies from your bank and sort out all the copper ones. Before you know it you'll have more copper than that bar you showed us above and will have paid 1/3 of copper price for them!
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
    - Lew Rockwell

  8. #18
    Iridium
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    Re: Should I invest in a 1kg bar of copper?

    But they that wait upon the LORD shall renew their strength; they shall mount up with wings as eagles; they shall run, and not be weary; and they shall walk, and not faint - Isaiah 40:31

    Keep on asking, and you will receive what you ask for. Keep on seeking, and you will find. Keep on knocking, and the door will be opened to you. ~
    Matthew 7:7


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  9. #19
    Copper
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    Re: Should I invest in a 1kg bar of copper?

    If I was to buy Copper now, who or what places would buy it off me? I've seen 101 places that would buy Silver/Gold, but not Copper?

    thanks

  10. #20
    Administrator JohnQPublic's Avatar
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    Re: Should I invest in a 1kg bar of copper?

    Quote Originally Posted by MNeagle
    Now that they cornered the market in copper!

    Is this what you were referrnig to?

    “Copper is also increasingly being seen as scarce and is in many ways adopting some store of value attributes normally associated with precious metals,” he [Jansen] said in his presentation.
    "What Difference, at this time, does it make?"

    "What is 'is'?"

    "Because you'd be in jail"

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