| T O P I C R E V I E W |
| JerrySpringer |
Posted - 05/11/2008 : 10:44:23
Only thing I think could cause copper and metal prices to drop is US dollar strengthening and a sharp increase in interest rates. Did I get this wrong? In the late 70's we had a high interest rates and high gold prices. Does history repeat or rhyme when metals are concerned?
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| 12 L A T E S T R E P L I E S (Newest First) |
| WilliamC |
Posted - 05/13/2008 : 13:37:32
I can't see any circumstances in which the price of copper would fall without the value of the dollar increasing, so the price of other commodities would fall as well.
That would be fine with me since it would make the cost of living less. Therefore my family would have more disposable income to pay off our house early, make home repairs, and keep our two cars in good repair. I might even be able to invest more than I already have in metals too.
But in the long term the US dollar will go the way of all paper money and become essentially worthless. It's only a matter of time. If it takes a bit longer than I think it will that will be fine by me.
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| fb101 |
Posted - 05/13/2008 : 11:18:31
Isn't wiring only about 1-2% of the cost of a home?
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| moboman |
Posted - 05/12/2008 : 22:05:03
I'd get more pennies!
It would certainly discourage a place like jackson metals from sorting.
As for the lower copper prices, I'd be very happy, because this is the real problem behind the housing/building slump according to the electricians. "People just cant afford to wire their buildings". |
| PennehChaos. |
Posted - 05/12/2008 : 10:35:35
i'd view it as temporary, and rather welcome, actually... i really need to re-wire my garage |
| Cerulean |
Posted - 05/12/2008 : 07:33:32
I view base metals prices as a bellwether of China's economic growth. If copper prices stayed down, I'd perceive that as a sign of a cooling Chinese economy, possibly from importing USA's malaise. |
| topeka |
Posted - 05/11/2008 : 21:53:41
I would like a little breathing room time wise.
Anything with intrinsic value CANNOT stay down in value (USD)
What is amazing is that the USD has any value at all. |
| NDFARMER |
Posted - 05/11/2008 : 20:22:11
I would look at it as a buying opportunity. If I can stack up $25.00 boxes for just a little over face value without having to go to the bank and pick them up, sort them and then dump the zinc that would be fine with me. |
| JerrySpringer |
Posted - 05/11/2008 : 20:10:56
I play devils advocate and think they will drop in the short term but rise long term. So many variables are in motion though. Energy costs being a major IMHO. |
| Copper Catcher |
Posted - 05/11/2008 : 19:17:15
As long as a penny is worth a penny then the only down side risk is the "time value of money" i.e. interest you are not getting by hording the coins and not having the money on deposit. This is assuming you got your pennies out of circulation and did not buy them for me than face value. What people can afford to just keep on hand and not worry about will vary greatly from person to person. Looking at a recent survey...some on this board have over $10,000 face in pennies and some with only a few dollars. A drop in copper prices only matters if you plan to sell then! |
| Ardent Listener |
Posted - 05/11/2008 : 18:37:56
I think we will see a short term drop in copper prices. We who have been around here have seen them in the past. They will tell you the copper bull is not only dead but that he is being cooked out on the BBQ. Then it will start all over again. |
| TenBears |
Posted - 05/11/2008 : 18:24:12
I would view such a drop favorably, at least for a few more years. It would limit interest in this little hoarding hobby of ours. |
| Non-wise man |
Posted - 05/11/2008 : 18:13:25
In theory I think this can actually work but only temporarily. Simply put there are more U.S dollars, internationally speaking, to more than buy our entire planet's net worth and that doesn't include all other foreign currencies. Eventually, the true value of the almighty buck will reveal itself. Did I mention diminishing commodities?
We wise as we age giving us a better understanding we're not wise. |
