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dakota1955
1000+ Penny Miser Member
2212 Posts |
 Posted - 10/26/2009 : 16:44:16
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Poll Question:
I did a poll on when people think silver will hit $20 per oz. So now let see when people think the copper penny (pre-82) will hit 2 times face.
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 10/26/2009 : 17:14:59
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| It already hit 2 times face last week just barely! |
Copper Penny Investing
www.portlandmint.com |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 10/26/2009 : 17:23:49
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| If it did I missed it. I knew it was about off by small amount. |
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rainsonme
Penny Pincher Member
USA
183 Posts |
Posted - 10/26/2009 : 21:47:57
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| I voted over 6 months, but I think a big drop first is entirely possible. The "real" move in metals hasn't happened yet, in my poor opinion. Gold and silver, and in their wake the base metals, are trading with stocks; too much easy money with no where else to go. The "real" move in PM's and then base metals will occur when the currency crisis really materializes; they should be trading independent, and sometimes contrary to stocks, not with stocks. In my opinion. So, I think a down draft in stocks near term might take metals with them. That would not change my mind on being VERY bullish PMs and copper; it just means we may have to wait a little longer for a MUCH bigger move, that is independent of the stock market. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 10/31/2009 : 16:08:59
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| I think that we are all bullish on PM or we wouldn't be here saving them. I believe that once everyone figure out copper cents that they will be gone in a very short time. |
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2old
Penny Pincher Member
188 Posts |
Posted - 11/01/2009 : 11:18:52
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| I am waiting on copper to hit $6.00 a pound. 2-3 years, I hope. It will be a spike. |
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vrbsroma
Penny Collector Member
394 Posts |
Posted - 11/02/2009 : 10:38:15
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I say 6 months, but I'm always very conservative with my estimates, I think.
The questions is more like "when will it STEADILY be over 2x face?" |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
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Farmall
Penny Pincher Member
USA
112 Posts |
Posted - 11/02/2009 : 19:18:58
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quote:
Originally posted by dakota1955
I think that we are all bullish on PM or we wouldn't be here saving them. I believe that once everyone figure out copper cents that they will be gone in a very short time.
That's what I'm thinking. I'm not telling anyone what I'm hoarding pennies. They know I'm a scrap guy, but nothing about pennies. |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 11/04/2009 : 07:33:07
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| I think copper is going to be near the 2x fv for a while. But is this poll simply asking when the data will push above the 2x fv, or when it will stay for a while? Anyways i think we'll see another blip above really soon, though this may not mean it will last. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 11/04/2009 : 07:39:38
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| The idea was for when it goes over 2 times and stay above that. We all know that it will go over and come back for a short time. |
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fasteddy
Penny Collector Member
USA
298 Posts |
Posted - 11/16/2009 : 14:59:15
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| it made now for how long... |
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PennyPauper
Penny Collector Member
USA
395 Posts |
Posted - 11/16/2009 : 17:10:25
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Ya hoo! As per coinflation.com melt value is 204% of face or .0204 cents each
the copper value alone is .0201
Now the question should be when do we hit 3x face
I'll say by Valentines day! |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 11/16/2009 : 18:26:19
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| Now that we have copper pennies worth 2x face we will have to wait for $20 silver. I don't think the wait will be long. |
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myfundsarelow
Penny Collector Member
USA
388 Posts |
Posted - 11/17/2009 : 15:38:46
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| dont worry hoard now sell later PEACE !! |
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myfundsarelow
Penny Collector Member
USA
388 Posts |
Posted - 11/17/2009 : 15:43:12
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| dont worry hoard now sell later PEACE !! |
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vrbsroma
Penny Collector Member
394 Posts |
Posted - 11/18/2009 : 11:13:39
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| Is there an echo in the room? :) |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
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copper pennies 2 times face?
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