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norcal
Penny Pincher Member
USA
107 Posts |
 Posted - 05/23/2008 : 20:06:14
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Does copper tend to be worth more during a recession/depression?
I know gold and silver would be but Im wondering about copper...
Anyone got any history on that?
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/23/2008 : 20:16:01
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quote:
Originally posted by norcal
Does copper tend to be worth more during a recession/depression?
I know gold and silver would be but Im wondering about copper...
Anyone got any history on that?
I got some history for silver during a recession You must be logged in to see this link.
Copper too is an industrial metal so it too should not be in as much demand during a recession. |
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Think positive. |
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norcal
Penny Pincher Member
USA
107 Posts |
Posted - 05/23/2008 : 20:31:46
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Well then I need to sell the copper and silver and buy gold!
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/23/2008 : 20:59:52
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| Perhaps, but you need to remember that past performance is no guarantee of future results. |
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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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 05/23/2008 : 22:42:09
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you should always be diversified!
What if in the next "Great Depression" China is a powerhouse and needs your copper? Its still has an industrial purpose then and there is still a demand for it. China was not like it was during the last depression as it is today.
Copper also has more uses today than it did during the depression.
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"99% of all lawyers give the rest of them a bad name" 
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 05/24/2008 : 00:39:35
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| The demand for copper is largely dependent on the demand for construction of houses and factories. But that demand does not have to come from your own country. Recession is usually felt in certain countries and not others. So it's quite possible to get a good price for your metal even though times are lousy in your area. In any case you will be happier if you have some than if you don't. If you have a choice, gold is a somewhat better store of value, but don't get all your nest eggs in one commodity. |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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norcal
Penny Pincher Member
USA
107 Posts |
Posted - 05/24/2008 : 00:44:08
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quote:
Originally posted by moboman
you should always be diversified!
Yeah, thats for sure.
I was just kidding when I said I'd sell my copper and silver to buy gold.
I rather just keep them all.
But was just curious about the history of copper during rough economic times.
Thanks all for the input... |
Edited by - norcal on 05/24/2008 00:44:57 |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 05/24/2008 : 01:17:42
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I had wondered about history of copper too. That's why I said that there are more uses for copper now then there were back then.
people arent building new buildings in America right now because they cant afford to wire them. Many electricians blame copper prices for everything. |
"99% of all lawyers give the rest of them a bad name"
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Copper in a depression
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