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fiatboy
Administrator
912 Posts |
 Posted - 12/12/2007 : 03:43:44
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Today I talked to a friend of mine who works for a mining company in Australia. He oversees inventory and production of several large mines. We got to talking about copper prices, and I mentioned the recent price declines in copper.
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He said not to worry. "All you coin and stock guys get worked up too easily. Copper will be just fine in the long run," he said. He gave me this link and said it's a more accurate assessment.
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This guy's pretty much a permabear on everything---except metals. I mentioned this forum, and he was fascinated that it even existed. And he wanted me to tell you all that if he were living in the U.S., he'd be hoarding copper pennies right along with us. "A once-in-a-lifetime opportunity," he said.
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"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
Edited by - fiatboy on 12/12/2007 03:54:36 |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 12/12/2007 : 06:52:31
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| It is always nice to read 'inside' information concerning copper or the other base/precious metals. I too am bullish on copper and even zinc over the long term. And when we can still buy copper at face value it truly is a once in the lifetime opportunity. |
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Think positive. |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 12/12/2007 : 19:50:38
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As far as copper is concerned, don't pass on brass.
If you look around in thrift stores, yard or garage sales, even Christmas Bazzar sales you can find brass candle holders, brass figurines, brass keychains for 1/4th of the going price for scrap brass.
Keep your eyes open for everything and anything of value.
It isn't just prospectors who find gold in them thar hills. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 12/12/2007 : 19:54:07
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quote:
Originally posted by pencilvanian
As far as copper is concerned, don't pass on brass.
If you look around in thrift stores, yard or garage sales, even Christmas Bazzar sales you can find brass candle holders, brass figurines, brass keychains for 1/4th of the going price for scrap brass.
Keep your eyes open for everything and anything of value.
It isn't just prospectors who find gold in them thar hills.
Yes, that is true. The summer before last I bought some brass lamps at a garage sale for far less than their scape value. Even with all that I bought I left a lot behind. No melt ban on scrap brass. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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fiatboy
Administrator
912 Posts |
Posted - 12/13/2007 : 14:59:45
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| Although I rarely do much serious shopping, when I do, I always try to buy whatever has the highest intrinsic value. I buy the metal version instead of the plastic version---metal version usually lasts longer, too. Brass, in particular, is a favorite of mine! |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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Copper gossip
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