| Author |
 Topic  |
|
|
Degeneerit
Penny Sorter Member
43 Posts |
 Posted - 12/20/2009 : 22:05:39
|
Well after studying copper and silver charts I was extremely surprised to see how similar they are. Can copper really have the same upside potential as silver? Well after thinking about it, I think so. First the people running the show will always opt for a fiat currency so even when the dollar dies I believe it will only be replaced by another fiat currency (not gold or silver). Second, copper has more of a functional value then silver does. Third I think its extremely realistic that people can use copper to protect their wealth. In the USSR during the collapse and hyperinflation people would tear apart buildings for their copper content. Not so unlike what we are starting to see today I guess.
You must be logged in to see this link.
Anyway here are the charts. Because I can get a deep discount and leverage on copper I've decided to stop investing in silver and move strictly to copper.
You must be logged in to see this link.
You must be logged in to see this link.
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 12/20/2009 : 22:10:44
|
How much would you like to invest?  |
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. |
 |
|
|
Degeneerit
Penny Sorter Member
43 Posts |
Posted - 12/20/2009 : 22:21:57
|
| I have a ryedale so as much as I can afford everyday lol. |
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 12/20/2009 : 22:29:04
|
| Only 1? |
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. |
|
|
|
misteroman
Administrator
USA
2565 Posts |
Posted - 12/20/2009 : 23:08:46
|
| lol how many do you even have these days anyways hoardy? |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
|
|
|
Degeneerit
Penny Sorter Member
43 Posts |
Posted - 12/21/2009 : 00:44:32
|
| Was that was your youtube video with 3 running at the same time? My mouth dropped when I saw that. I said see honey there are people more crazy about hyperinflation than me lol. |
Edited by - Degeneerit on 12/21/2009 01:03:17 |
|
|
|
dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 12/21/2009 : 07:08:01
|
| Good thoughts about copper but I think that a person should have a mixed group of pm's. Silver I believe will be a better short term play and copper a longer investment. |
|
|
|
marine70
Penny Pincher Member
USA
150 Posts |
Posted - 12/21/2009 : 08:06:31
|
| I agree I will collect both,and hope for the best return. |
|
|
|
Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 12/21/2009 : 08:21:47
|
from an investment point of view, silver has better prospects than copper. copper's price depends on economic growth, and we are in a worldwide depression.
now, if you can buy copper coins at a a significant discount to melt value, like at a bank for face value, you might come out ahead. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
|
|
|
|
jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 12/21/2009 : 08:53:37
|
quote:
Originally posted by Degeneerit
Was that was your youtube video with 3 running at the same time? My mouth dropped when I saw that. I said see honey there are people more crazy about hyperinflation than me lol.
Three!? I think we are all in agreement that he has more than three. But then again, I can't think of anybody that has actually seen his lair. |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 12/21/2009 : 10:20:03
|
| I only have 4 on the line right now. I strongly believe in diversification also. The best of all possible ways is to get tons of copper at face value from the bank and then convert some of your spare copper into silver. Of course who amongst us actually has any "spare" copper? But you know what I mean. |
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. |
|
|
|
slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 12/21/2009 : 12:42:07
|
1 , 3 ,5 does it really matter how many you have? It doesn't matter if you are a hand sorter or comercial sorter using commercial equipment that is 10X faster than a Ryedale. We are sorting and saving copper for our own goals and within(sometimes) our budget. My position on Silver is stronger than it it in copper. ( melt value ) There are several reasons. One is that silver is easy to selland it takes up less space. I have sold some copper, and I have used the profits to buy equipment and more gold and silver.
I like copper pennies because they can be aquired at face value. But to get a massive amount does take some effort and equipment costs. I am not one to put all of my eggs in one basket. I am like the guy stuck in traffic on a 3 lane interstate. I move from lane to lane depending on which is gonna get me to my destination the fastest. |
You don't have to be the BEST you just have to be.......SLICK
|
|
|
|
highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 12/21/2009 : 15:30:40
|
To get things back on topic...
If you do not need to be liquid fast than copper wins hands down. |
Copper Penny Investing
www.portlandmint.com |
|
|
|
Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 12/21/2009 : 16:02:31
|
quote:
Originally posted by highroller4321
To get things back on topic...
If you do not need to be liquid fast than copper wins hands down.
if you are buying copper and silver at market value, silver wins hand down imho.
if you are buying copper at FV and silver at market value, copper wins as long as you value your time invested very low. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
|
|
|
|
Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 12/22/2009 : 12:16:18
|
The relaxation gained by the invested time in hand-sorting pennies is very valuable. I probably would not make this a full-time job, at this point...being a shill for The Man is currently much more lucrative.
quote:
Originally posted by Lemon Thrower
if you are buying copper and silver at market value, silver wins hand down imho.
If you are buying copper at FV and silver at market value, copper wins as long as you value your time invested very low.
|
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 12/24/2009 : 02:46:38
|
| I agree with slick that it is good to diversify. I like both copper and silver and I don't have enough of either of them right now. |
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. |
|
|
| |
Topic |
|
Copper vs. silver
Forum Locked
