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dakota1955
1000+ Penny Miser Member
2212 Posts |
 Posted - 11/17/2009 : 07:46:39
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Poll Question:
With copper,silver and gold reaching new highs I must ask where do you feel the best place to invest in?
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/17/2009 : 08:13:33
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Interesting that in a forum of copper hoarders nobody has chosen copper.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 11/17/2009 : 08:51:59
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copper will go up with inflation, but its not money like gold and silver because its just too bulky.
gold and silver will go up about 6x i think. silver a bit slower but eventually higher.
palladium is a wildhorse. it could go up more. but again its not money like gold and silver.
if you think through inflation, then you realize that the penny and even the nickel may be discontinued. the supply of these will be hoarded when that is announced. especially nickels since they have value without sorting.
i think halves will be discontinued as well. NIFC eventually will be worth quite a bit. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 11/17/2009 : 09:06:47
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| Copper is great but it is still viewed as an industrial metal by many. If the world economy continues to tank, industrial use of it may continue to fall. The beauty of silver is that it is both an industrial metal and a precious metal. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 11/17/2009 : 09:25:59
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Copper will go back up. Buildings will have to be built, and so will houses. Copper has so many industrial uses, and once the economy goes into (hyper)inflation, the price to buy materials will go up to. I don't know that we will "get rich", but it will be better to have $50,000.00 face in copper pennies than $50,000.00 on a bank statement.
If you save $50,000.00 during the next 15 years this is what you will have.
Bank = $50,000.00 plus interest (someone can do the math here)
Copper pennies = $50,000.00 plus whatever they are selling for. ( 3X will be $150,000.00 )
Now gas maybe $10 /gal and Milk might be $12/gal and bread $6 / loaf.
But being able to increase your buying power with the original $50,000.00 that you converted into Copper pennies will begin to show.
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You don't have to be the BEST you just have to be.......SLICK
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 11/17/2009 : 09:41:50
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| dern slick i hope it aint that hyper inflated |
Inquiring minds want to know |
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brian0918
Penny Collector Member
USA
315 Posts |
Posted - 11/17/2009 : 09:48:43
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| daviscfad: that's not hyperinflated, compared to countries throughout history. Hyperinflation would be gas at $100 Million a gallon, milk at $100 Billion a gallon, bread at $6 trillion a loaf, etc. |
"The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master." -- Ayn Rand
Searched: $2230 Nickels; Liberty: 1; Buffalo: 4; War: 20; 2009: 2; 2010D: 8 |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 11/17/2009 : 09:57:18
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| My vote is copper. Copper has a much greater potential to double or more before silver does. It is good to be diversified though. |
Copper Penny Investing
www.portlandmint.com |
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2old
Penny Pincher Member
188 Posts |
Posted - 11/17/2009 : 10:05:48
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quote:
Originally posted by highroller4321
My vote is copper. Copper has a much greater potential to double or more before silver does. It is good to be diversified though.
Well said! I agree. |
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coppernickel
Penny Pincher Member
USA
131 Posts |
Posted - 11/17/2009 : 14:34:49
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The biggest thing killing saving right now is inflation.
$100 in a savings account in the bank with intrest of 1%, a generous rate right now. Inflation rate at the official 5% means your $100 now will be worth $96 next year.
Coper, Silver and Gold will still be Copper, Silver and Gold, not a smaller number on a peice of paper. |
Silver Monometalism is the most permanent and stable form of money the world has seen. Natural law and history prove silver value is best multiplied by gold and best divided by copper. It is only in this counterfeit currency time when the natural law appears suspended. |
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what to invest in?
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