Well... for all those speculators... here is the MAIN reason I have still continued sorting... Here it goes... pennies are harder to SPEND. Yes... by simply putting all your money into pennies, you least apt to spend it. Thats the excuse I gave to my wife and I got a standing ovation. Who wants to goto the bank with 8 tons of copper? Anyway, hope this reassures you all... The banks attitudes is all there is left to deal with :)
I dropped some copper on my big toe last night after runnin $400 through the Ryedale machine! I was tired and it was in a $50 face cloth sack and I tripped over my three year olds yo-yo! It hurt!
The copper price will not drop below $2/lb, and there is pressure to keep it above $3. When many of the copper mining strikes were going in 2006/early 2007, the price was above $4/lb. It's costing the copper miners and smelters more due to labor and also in energy costs. If it drops too low they won't mine as much and the price will have to go back up due to supply. Some copper producers are having a hard time making a profit at today's copper price.
I dropped some copper on my big toe last night...It hurt!
Yes, copper is dangerous!
One of my bank tellers droped a box of cents on his finger. Turned purple and BofA sent him to emergency to have it looked at. Not broken but they had to drill a hole in the nail.
What happens if copper drops
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Posted - 02/07/2008 : 13:49:20
