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barrytrot
Penny Collector Member
USA
409 Posts |
 Posted - 08/21/2009 : 16:15:35
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quote:
Originally posted by JobIII
well put. But I still think that the most intelligent individuals would see this as a waste of time. Sure it's an investment, but there are other easier ways to invest. People are buying at 1.5 because they don't want to spend the time and trouble doing so. What's the difference between buying copper now at 1.4 or 1.6 and selling it at 2 to 3 x fv. That 0.5 isn't so big now.
I challenge you to name a better investment over the last 10 years!
Real estate: No
Stocks: No
Other precious metals: Possibly but I consider that a sister investment and not a competing one.
Also, the long term benefit of copper is in a hedge against inflation. Right now a cent is essentially still trivial. But check out the 100 trillion dollar notes they are making in Zimbabwe and you will see there is a lot to be gained from hoarding PRECIOUS METALS!
By the way, get yourself a couple 100 trillion dollar notes they make a great conversation piece that can lead you into preaching about the merits of hoarding :) |
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How Bright?
