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Common Cents
Penny Sorter Member
82 Posts |
 Posted - 07/02/2010 : 10:24:04
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In an inflationary environment, it's dead wrong to presume that copper prices will fall. Especially in a hyperinflationary environment, copper will skyrocket in value compared to a failing fiat currency. Remember that hyperinflation is a currency-driven event, and is not necessarily tied to the health of the economy.
An economic recovery could occur in some parts of the world, while other countries still wallow in depressed production. Countries that have ample energy to sell, and countries that have major manufacturing capabilities could prosper amid a prolonged swoon in the US.
Energy prices will determine much of copper's future. Higher energy costs equals increased production costs for copper miners. And the higher energy costs go, the more demand there will be for copper. This will come from increased demand for copper wires to connect 'renewable' energy projects to the grid. This is a win/win scenario for copper.
Lastly, look at history. When Germany experienced hyperinflation during the post WW I Weimar period, the paper mark notes became worthless, while the coins still held some value relatively speaking. Once confidence in a fiat currency goes, people become desperate for a medium of exchange, and coins fit the bill perfectly.
And one last thought, I reject your contention that the melt ban must be lifted before copper pennies can become profitable. They can still trade for multiples of their face value without the need for melting. I have bought 90% silver that I have no intention of melting. I intend to trade it to another investor at a higher multiple than I paid for it. The same can apply for copper pennies.
What other investment doubles in value as soon as you have it in your hands, and offers zero chance of depreciation in value?
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 07/02/2010 : 11:04:22
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quote:
Originally posted by Common Cents
And one last thought, I reject your contention that the melt ban must be lifted before copper pennies can become profitable. They can still trade for multiples of their face value without the need for melting.
I don't think anyone will argue that this holds true to anything, find a buyer may be the difficult part.
What other investment doubles in value as soon as you have it in your hands, and offers zero chance of depreciation in value?
Unless you meant, wheat or s-mint LMC's, I disagree with this blanket statement. It's a theoretical value not a real one. Though the melt may be riding somewhere around 2x fv. We are a ways away from seeing that type of profit. And you are misguided if you think otherwise at this point in time.
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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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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 07/02/2010 : 11:20:58
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quote:
Originally posted by highroller4321
Its very possible for it to drop like a rock, but how far down would it go? Average midsize car has 44lbs of copper in it. Average midsize house has 430lbs of copper in it. 95% of elections have copper in them. Thats just the tip of the iceberg!
Does this count the buckets of copper pennies? |
You don't have to be the BEST you just have to be.......SLICK
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bsno2865
Penny Sorter Member
USA
62 Posts |
Posted - 07/02/2010 : 12:22:23
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That was great! It inspired me and gave me more re-assurance.
I am going back out into the garage and sort through the new $25 box of pennies.....
By the way, found a 1916 S in the 2nd roll! Ya, I do get excited! |
Brian North |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 07/02/2010 : 12:33:12
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quote:
Originally posted by slickeast
quote:
Originally posted by highroller4321
Its very possible for it to drop like a rock, but how far down would it go? Average midsize car has 44lbs of copper in it. Average midsize house has 430lbs of copper in it. 95% of elections have copper in them. Thats just the tip of the iceberg!
Does this count the buckets of copper pennies?
Nope doesn't include a single penny |
Copper Penny Investing
www.portlandmint.com |
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brian0918
Penny Collector Member
USA
315 Posts |
Posted - 07/02/2010 : 13:57:10
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I'm very curious how one can have such certainty about the future, in an economy that a) has been and is increasingly manipulated, b) can have an arbitrarily large amount of printed money injected or extracted from it in a fraction of a second on a whim, and c) has combined debt and unfunded liabilities that far exceed the wealth it produces.
I am not saying deflation/inflation/hyperinflation is the likely outcome. I am saying there is no way to know, given the extent of current manipulation, and potential for further manipulation.
So the only resort is to store value in what is most vital. The last thing on that list would be paper currency - unless you plan to use it for toilet paper. |
"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 |
Edited by - brian0918 on 07/02/2010 14:04:26 |
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 07/02/2010 : 14:10:55
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quote:
Originally posted by JobIII
I would be surprised to learn that anyone, even RC members, would be able to answer yes to the following questions:
-Is anyone [here] investing more in pennies than their 401K?
-Has anyone moved their $$ from a retirement fund into copper cents?
Personally I can't.
i wont name names but there have been more than a couple members here within the last two years who have done both...
of course prices were higher then...
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My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/02/2010 : 15:11:44
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ditto to those who've already said:
1. if you use your 'spare' time to do it and relax.
2. you are willing (and able physically) to hold on to it and pass it on to your kids if the optimal time didn't come during your 'lifetime'
3. you are not depending on it to save you from the future
Then YES it is VERY worth it!!!
15% profit potential today (easily) and up to 300% profit potential in next 10 years, equals 15-25cents a day now(no loss of time/investment since undertaken in your free time).... 15-25 cents that can grow to $1 for each day of activity over the long term, equals $365 a year, over 5 years, equals nearly $2000 of free money some time down the line. And this is all for just a bare minimum hand-sorter.
Plus your life expectancy is increased by days, weeks, or even years because of the relaxing and therapeutic benefits. |
"May your percentages ever increase!" |
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stateofmind
Penny Pincher Member
143 Posts |
Posted - 07/02/2010 : 19:20:40
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All I'm saying is that if inflation started to take off, I'd rather have a coffee can full of pennies than a fist full of cash. Many of us actually enjoy searching for copper pennies and don't consider it work. This is a hobby for most of us; not a business.
Obviously: I think everyone would. However, there are much better alternatives to hoarding pennies in an inflationary enviroment. I would also want to say again that this post is directed towards those who are hoarding for economic benfit, not as a hobby. My firearms hobby(or obsession) does not make economic sense, however It gives me security, and is downright fun.
If hyperinflation hits, absolutely. PMs are better, but a very small percentage of the U.S. population owns physical gold and silver in any quantity. Most people will have at least some current coins.
You are contradicting your argument. If you are arguing that hyperinflation is a likely scenario, then you are telling prospective sorters to hoard. However, you just proved that It would be better to hold PM's. Make yourself part of the small minority who owns PM's. You'll be glad you did.
You misunderstood me. I merely said that 90% silver would have been a much better investment than the Dow 30 stocks and by extention about 95% of all investment portfolios. Also keep in mind that, unlike today, most middle class people in the 60s didn't invest directly in the stock market (the Great Depression ended a merely a generation before). The easiest way for them to acquire silver was the 90% coins.
I think it is important for us "Realcenters" to break away from the herd here. It is foolish to invest in funds that track the indexes. Invest in high quality companies with fairly priced stocks, who will benefit during a period of inflation. Examples would be the aforementioned mining companies, ag, chemicals, and other companies who make profit from commodity transactions.
Also, comparing two commodities, silver and copper, is like comparing "apples to oranges." Copper is solely an industrial metal, and silver is a precious, as well as industrial metal. Would one have been in a better situation if they hoarding pennies in 82'? I would have rather have invested in high quality stocks.
The other reason I used the 1966 to 1982 period as an example is because I believe we are headed for something similar over the next several years where physical gold, silver and even the lowly copper penny will outperform most stock portfolios.
Once again, break away from the herd and create a stock portfolio that will outperform the sheeples'. It is possible to beat the indexes, contrary to the "Efficient Market Hypothesis."
Are you saying that our Government would never take wealth from productive citizens and transfer it to unproductive citizens? hmmm
While writing the post directed towards Uthminsta, I was in a hurry and therefore decided to be frank. However, now I can go into a bit more detail:
Zimbabwe was colonized by the British around 1890(If I remember from history class), and the British controlled major sections of agricultural land there. Over time, they become efficient in agriculture, and supporting Zimbabwe's growing food needs. However, in 1979 an agreement was formed between Britain and Zimbabwe, called the Lancaster House agreement. This started the process of giving the land that the British held to Zimbabweans.
Since the Zimbabweans were mostly poor and did not know how to farm effectively, this reduced the food supply. In turn, food prices rose, which started off the chain reaction that led to a 516,000,000,000,000,000,000% (Literally) inflation rate.
In summary, in the beginning, their inflation was not as much of an monetary inflation as the United States's moderate inflation will be.
Wealth distrubution is not the same as transferring the means of production, which is what Zimbabwe did. If you are interested, read about the Weimar republic. Their situation will be comparable to the United States's(albeit less drastic). |
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"There are people who are very resourceful, at being remorseful, and who apparently feel that the best way to make friends is to do something terrible and then make amends."
-Ogden Nash |
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stateofmind
Penny Pincher Member
143 Posts |
Posted - 07/02/2010 : 19:25:18
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quote:
Originally posted by Nickelless
quote:
Originally posted by JobIII
quote:
Originally posted by Lemon Thrower
economy growing is not going to happen.
inflation will be good to copper sorters.
deflation will be bad.
right now we are getting both, but the price of copper cents is still well above FV.
the better argument against sorting is to count the amount of time it takes and the holding period required. you can't really get close to melt value until the melt ban is lifted.
And who's to say how close we'd get if the melt ban does get lifted. I'd be very surprised to see the local scrap paying even 90% of melt after the law changes
90 percent of melt is still about 180 percent of face value. Copper pennies are a win-win situation for either inflation or deflation. Don't forget that inflation will destroy the value of paper fiat but not the value of copper.
Chad, 90% is wishful thinking. Look at how much people get paid for aluminum cans compared to the spot price of aluminum. 35-50% is what the average penny hoarder will receive from a scrap yard. The current market price places a ~25% premium on a CU cent. For the work required in hoarding, that is a very, very low premium. Even during the $4/lb copper days, most could not sell for more than 1.5/per. |
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"There are people who are very resourceful, at being remorseful, and who apparently feel that the best way to make friends is to do something terrible and then make amends."
-Ogden Nash |
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stateofmind
Penny Pincher Member
143 Posts |
Posted - 07/02/2010 : 19:29:12
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quote:
Originally posted by beauanderos
quote:
Are you saying that our Government would never take wealth from productive citizens and transfer it to unproductive citizens? hmmm
That is exactly what I see happening here now!  It's called entitlement benefits, and this totally unwarranted largesse is one of the primary reasons this country is dying. The recipients are "busted flat in Baton Rouge" and will turn out in force (when herded and driven to the polls) to oust politicians who threaten to pull them off the public teat. Back on subject... I see copper sorting as a pleasurable inexpensive hobby, which may well be one of the few ways the general populace can afford to participate in the PM's and base metals boom that will benefit from high inflation. In any event, the small amount of capital most of our forum members have invested is not sufficient to have life-altering effects, even if it were more aggressively and succesfully invested. JMHO 
Exactly, beauanderos. My point is NOT to tell members to hoard; my point is to make sure that anyone who wants to invest significant coin(pun intended), transforming a hobby into an investment, understands that the case is not an "open and shut" one. |
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"There are people who are very resourceful, at being remorseful, and who apparently feel that the best way to make friends is to do something terrible and then make amends."
-Ogden Nash |
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stateofmind
Penny Pincher Member
143 Posts |
Posted - 07/02/2010 : 19:45:13
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Pennysaved,
From an investment standpoint, I think it is worth the time
1. Not only are you finding copper pennies but wheats, indians, and dimes. I once found a $33 value Indian head which made my whole box of pennies free and I often find dimes in penny rolls.
There are not unlimited "jewels" floating around in circulation for sorters to pick out. You have to sort a large amount of pennies before finding a single indian(most members have not even found a single one yet). And, most of the indians found are common dates.
2. It helps us diversify our metal holdings beyond silver and gold. With all the fluctuations in gold and silver lately, it is nice to be able to invest in a metal for below face value. Even if copper prices tumbled, you would still have a penny that you could spend so overall it is a pretty safe investment.
How long will the mint keep pennies legal tender? The penny will be in the hall of the 3 center, the 1/2 cent, and the like. A better way to diversify would be stock in high quality companies, and hard assets.
3. Even if copper didn't skyrocket, I think that 15 to 20 years from now that copper Lincoln memorial pennies would be collectible just like wheat pennies today. Many of us are finding 20% to 30% copper pennies when we sort; as time goes by this percentage will grow smaller. Don't you wish you would have been hoarding common date wheat pennies back in the day. You can often sell them for 4 to 5 cents a piece today so pretty much 4 to 5 the initial investment. Not many investments (stocks, real estate, etc) today are worth 4 to 5 times what you paid for them.
Would you really have wanted to be saving wheats? I would rather have had my my money in the stock market. We could say that our investments returned a modest 7% return, reinvested in the market. If you invested $100 dollars in the market in 1958, than you would have over $5000 today. After learning this, would you have rather been saving wheat cents, that go for a measly 4x face today?
4. As a child of the 80s, I use to go through my grandma's change and find silver sometimes. I always give my mom a hard time and tell her don't you wish you would have been hoarding silver back then. 10 to 15 years from now, I would'nt want to be kicking myself and say "why wasn't I hoarding copper pennies when I had the chance"
As a child of the 90's, I have had a harder time finding silver. The time and money invested in those silver coins would have been better investing in the market, or, as another example, starting a business.
I do not agree that the U.S economy will go through a great recovery. Look at Europe right now and all the austerity measures that Greece, Spain, etc are taking/going to have to take. Why would we think the U.S government may not have to take the same measures down the road???
Do you think that the entire markets will come crashing down? If you do, then as I said before, your thousands of pennies will not save you.
The government cannot continue to spend and spend and not pay the piper. They will either have to A. take major austerity measures and cut social spending. It might be too late for that to work B. Print their way out of the problem which would cause inflation.
Either way, it would be better to be invested in things OTHER than CU pennies.
I am betting the government is going to try to print their way out of the problem. Cutting spending and social programs would not be popular with the American people and politicians want to be re-elected. Politicians will probably pick the easy way out. If that happens, that will be great for penny sorters.
If you did your "due dilligence", and picked out companies who would benefit from inflation, then you will earn a better return that being investing in pennies. There is a reason why members on this board go around calling the penny "lowly."
Sorry for the length :)
Likewise. =] |
Check out our new site, RealCent.org!
"There are people who are very resourceful, at being remorseful, and who apparently feel that the best way to make friends is to do something terrible and then make amends."
-Ogden Nash |
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stateofmind
Penny Pincher Member
143 Posts |
Posted - 07/02/2010 : 19:48:27
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quote:
Originally posted by highroller4321
There is a lot more than 3 senarios. Maybe more like 100?
Melt ban could come off at anytime and BAM you can basically instantly 1.5-2x your money.
The dollar is very weak and will keep becoming weaker untill our government choses to be be smart about the way they handle money. If you are holding paper and the value of the USD goes down than you lose value. If you are holding copper pennies and the USD goes down than the USD value of the coins will go down but the value of the copper will hold or increase because metal always has value and people always need it.
If the melt ban does expire, who would pay 150% face value? Scrap yards do not pay anywhere near market price. It is foolish to hold fiat in large quantities (always have 15% net worth in cash). If the value of the USD goes down, copper is going down with it. Deflation = economic hell. With reduced economic demand, copper will fall. Copper is just an industrial metal, that is the only real use for it, industry. |
Check out our new site, RealCent.org!
"There are people who are very resourceful, at being remorseful, and who apparently feel that the best way to make friends is to do something terrible and then make amends."
-Ogden Nash |
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stateofmind
Penny Pincher Member
143 Posts |
Posted - 07/02/2010 : 19:50:22
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quote:
Originally posted by highroller4321
quote:
Originally posted by JobIII
I like it how we all speculate that copper is going to be going up. I guess no one here would really invest into this hobby if they thought prices would go south.
I would be surprised to learn that anyone, even RC members, would be able to answer yes to the following questions:
-Is anyone [here] investing more in pennies than their 401K?
-Has anyone moved their $$ from a retirement fund into copper cents?
Personally I can't.
Its very possible for it to drop like a rock, but how far down would it go? Average midsize car has 44lbs of copper in it. Average midsize house has 430lbs of copper in it. 95% of elections have copper in them. Thats just the tip of the iceberg!
When obama cancels the elections(many have claimed that here), BAM! Copper prices will plummet back down to earth. Seriously, if deflation hits like you said above, then all of those things will be in reduced demand, thus making copper prices fall. |
Check out our new site, RealCent.org!
"There are people who are very resourceful, at being remorseful, and who apparently feel that the best way to make friends is to do something terrible and then make amends."
-Ogden Nash |
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stateofmind
Penny Pincher Member
143 Posts |
Posted - 07/02/2010 : 19:51:01
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quote:
Originally posted by 3Saints
If there is enough profit....there are those won't care about a "melt ban" Once you have been paid...do you really care what is done with them?? I believe plenty will be melted in the near future.
3saints, I believe many are being melted right now. By who, though? |
Check out our new site, RealCent.org!
"There are people who are very resourceful, at being remorseful, and who apparently feel that the best way to make friends is to do something terrible and then make amends."
-Ogden Nash |
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stateofmind
Penny Pincher Member
143 Posts |
Posted - 07/02/2010 : 20:02:14
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Common Cents,
In an inflationary environment, it's dead wrong to presume that copper prices will fall. Especially in a hyperinflationary environment, copper will skyrocket in value compared to a failing fiat currency. Remember that hyperinflation is a currency-driven event, and is not necessarily tied to the health of the economy.
In an inflationary enviroment, the economy will grow. You would be better served by investing in the economy. And stocks do not equal fiat currency. And hyperinflation is not always a currency-driven event, look at Zimbabwe.
An economic recovery could occur in some parts of the world, while other countries still wallow in depressed production. Countries that have ample energy to sell, and countries that have major manufacturing capabilities could prosper amid a prolonged swoon in the US.
Not all sectors of the economy will fall in an economic "slump." Expect to be SOL if you are investing in an index-tracked fund.
Energy prices will determine much of copper's future. Higher energy costs equals increased production costs for copper miners. And the higher energy costs go, the more demand there will be for copper. This will come from increased demand for copper wires to connect 'renewable' energy projects to the grid. This is a win/win scenario for copper.
High energy prices can cripple an economy. And many communities are looking at aluminum to replace copper in the long term, as it provides good conduciveness at a lower price than copper.
Lastly, look at history. When Germany experienced hyperinflation during the post WW I Weimar period, the paper mark notes became worthless, while the coins still held some value relatively speaking. Once confidence in a fiat currency goes, people become desperate for a medium of exchange, and coins fit the bill perfectly.
Again, we are not going to experience Weimar or Zimbabwe hyperinflation. And if you believe we will, get your guns ready. Maybe someone here can rig us up a gun that can propel pennies at, say 2000 fps to protect us against Obama zombies.
And one last thought, I reject your contention that the melt ban must be lifted before copper pennies can become profitable. They can still trade for multiples of their face value without the need for melting. I have bought 90% silver that I have no intention of melting. I intend to trade it to another investor at a higher multiple than I paid for it. The same can apply for copper pennies.
The market is over saturated now, and prices are extremely low. How many people are buying copper now compared to those who are selling? The average seller would be lucky to get 1.3 cents/per.
What other investment doubles in value as soon as you have it in your hands, and offers zero chance of depreciation in value?
Zero chance of depreciation? Are you sure about that? And who is going to pay you 2x for those pennies that anyone can take out of circulation? Theoretical value is not the same as actual value.
Phew, stateofmind out. |
Check out our new site, RealCent.org!
"There are people who are very resourceful, at being remorseful, and who apparently feel that the best way to make friends is to do something terrible and then make amends."
-Ogden Nash |
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mjcurley3
Penny Sorter Member
USA
32 Posts |
Posted - 07/02/2010 : 20:24:49
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| its only banned if you get caught.....besides, how laws are made by the treasury?? I earned my money, I can do anything I want with hit, hit with a hammer, write my name on it, stack it reallllllly tall, and yes, even melt it. |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 07/02/2010 : 23:10:55
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quote:
Originally posted by stateofmind
[
I think it is important for us "Realcenters" to break away from the herd here. It is foolish to invest in funds that track the indexes. Invest in high quality companies with fairly priced stocks, who will benefit during a period of inflation. Examples would be the aforementioned mining companies, ag, chemicals, and other companies who make profit from commodity transactions.
Also, comparing two commodities, silver and copper, is like comparing "apples to oranges." Copper is solely an industrial metal, and silver is a precious, as well as industrial metal. Would one have been in a better situation if they hoarding pennies in 82'? I would have rather have invested in high quality stocks.
Once again, break away from the herd and create a stock portfolio that will outperform the sheeples'. It is possible to beat the indexes, contrary to the "Efficient Market Hypothesis.
You speak of buying "high quality stocks" as though it is as easy as buying fresh bread from the bakery. This is a highly volatile and and most-likely manipulated market. There is a lot of risk these days even for those who know what they are doing. Even if you are successful the Government will likely be desparate for revenue next year and could tax away most of the profits of your "high quality" companies, causing their share prices (and your investment) to decline.
Although I agree that silver will probably outperform copper pennies, it is also pretty volatile as we've seen over the last few days. Copper pennies simply offer a low-risk option for dealing with future uncertainty.
For the record, my investment in physical PMs (especially silver) is considerably higher than the money I've spent on pennies. My investment portfolio also includes some shares of mining companies. Basically I'm a big believer in diversification; I even have a modest stash of nickels, mostly because of Ardent's posts. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 07/03/2010 : 02:23:27
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quote:
Originally posted by stateofmind
Is sorting and hoarding copper really worth it?
Nope.. but it sure is fun! |
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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Common Cents
Penny Sorter Member
82 Posts |
Posted - 07/03/2010 : 16:46:58
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stateofmind wrote:
In an inflationary enviroment, the economy will grow.
Absolutely not true. Inflation caused by currency devaluation does not equate with a growing economy. Inflation can occur in a downward economic cycle. This is the genesis of the term 'stagflation'. Stagnant economy coupled with inflation.
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Common Cents
Penny Sorter Member
82 Posts |
Posted - 07/03/2010 : 16:54:03
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From Jim Sinclair's website regarding the fact that hyperinflation is not linked to the economy. This is an essential concept to understand. Worth the time to read:
Hi Jim,
"Hyperinflation is a currency event, not an economic event."
We need an expansion on the above.
What is a currency event…
What is a economic event…
What is the difference…
We need a really simple minded example of what you see and we don’t see.
Regards,
CIGA John O
Dear John,
With respect, I have written about this no less than 500 times. It is broadly referenced in each of the Compendiums. I try so hard to explain it again and again to infinity.
Please check out hyperinflation on Wikipedia. Try and find an example of when it has occurred within a demand driven inflation (good business).
A loss of confidence in a currency is "Cost Push Inflation" with major distribution problems which is totally different.
Are you still confused?¸
Regards,
Jim |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/03/2010 : 19:01:48
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quote:
Originally posted by Nickelless
quote:
Originally posted by JobIII
this should be in the discussion forum section...
Since this section is about copper pennies, I'm inclined to think it should stay here. I'd be interested in hearing from others.
I tend to agree. This is a discussion that our guest ought to be able to read too. We don't fear an honest debate such as this being viewed by them at Realcent. |
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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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/03/2010 : 19:11:59
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In my opinion it all comes down to if you feel copper has the potential to not only hold its value over time but to also grow in value. I don't have a crystal ball that will predict the future, but to me saving cash in the form of copper and/or nickel coins sure seems like a long term prudent thing to do given the economic conditions we live under.
Of course I'm not advising anyone to put all or even most of their assets into copper, nickel, silver, gold or anything else. IMO, it is up to each of us to decide for ourselves how much money, if any, we want to put into copper cents. |
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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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 07/03/2010 : 20:02:58
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Hi everyone! I am new here. This is my first comment.
Any investment should fit the needs of the investor. When you are young, you usually take more risks than when you are old. As you age, you should think more about capital preservation than high risk capital growth.
The biggest risk to everyone's financial security I see on my radar are government entitlements. Almost $14 TRILLION US debt and a jaw-dropping $109++ TRILLION in unfunded liabilities! Gaaagghh!!! If you are counting on Social Security, Medicare, Medicaide, Old peoples' prescription programs... you are so freaking screwed! Money paid into those programs is flushed into the greatest Ponzi scheme the world has ever known!
To me, copper pennies are no brainers. When I look at face value vs. melt value, what is not to like? Show me any stock were you can immediately gain somewhere around 200%? Please!
Still, like everyone else, I have no crystal ball. I don't know what is going to happen. I struggle with how much to hoard. PM's are better investments... but what about when they are so hard to buy that you can't find them, or afford them if you do? In that way, I think copper pennies are a good investment as part of a diversified portfolio.
My goal is $17,000. That is how much my heavy equipment truck will haul to the smelter some day. Who knows? By then copper may be $4.00 a pound again! |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 07/03/2010 : 20:08:43
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Casey and the Sunshine Band?
Sheikh_yer_BuTay
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Come to the new and improved realcent: http://realcent.org
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I'm Going to Open a Can of Worms Here...
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