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scooter
Penny Pincher Member
240 Posts |
 Posted - 12/18/2008 : 15:37:26
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Table based on December 18, 2008 closing base metal prices:
Copper $1.2899/lb 0.0689
Did any of you think it could go this low. Is copper going below 1.00
seems to me copper and gas have been about the same price lately.
Down from highs in the fours june/july.
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Steiner
Penny Collector Member
Canada
278 Posts |
Posted - 12/18/2008 : 17:23:42
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| We are just at low tide. Wait for it. |
Steiner |
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n/a
deleted
16 Posts |
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goodcents
Penny Hoarding Member
USA
504 Posts |
Posted - 12/18/2008 : 18:22:13
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| exactly. This is the opportune time to buy from those that don't know better. Jwax couldn't have said it better! |
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cwgii
Penny Hoarding Member
USA
924 Posts |
Posted - 12/18/2008 : 20:24:58
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some of us would like to know better, but. in my circumstances. living in a travel trailer, moving at a moments notice. it makes no sense. sooooo , others profit from my sorting. or. as someone else says.
trade copper for gold. sure.......... |
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scooter
Penny Pincher Member
240 Posts |
Posted - 12/18/2008 : 21:23:22
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| its a buying opportunity for sure. |
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n/a
deleted
16 Posts |
Posted - 12/18/2008 : 21:33:37
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cwgii- So if you're not hoarding, you're just sorting for fun and profit?
And, at about 8000 to 1, gold is easier to transport and store than copper! :) |
www.shooterstechnology.com |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 12/18/2008 : 21:39:26
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Great time to buy,
Hey cwgii if you can trade your copper for gold you are doing excelent! Gold is a darn fine investment also!! |
Copper Penny Investing
www.portlandmint.com |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 12/18/2008 : 21:56:39
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Buy low.
Sell high.
I'm pretty sure that was the message in Econ. 205, back when I wuz gettin my edumacation.
I'm sorry for you if you have to sell now. |
There's profit if you melt things!!
8{> |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 12/18/2008 : 22:24:01
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quote:
Originally posted by jwax
cwgii- So if you're not hoarding, you're just sorting for fun and profit?
And, at about 8000 to 1, gold is easier to transport and store than copper! :)
Now only if those gold coins had a "decent" face value, like copper cents.
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"99% of all lawyers give the rest of them a bad name" 
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simplicitycounts
Penny Hoarding Member
USA
535 Posts |
Posted - 12/18/2008 : 22:42:42
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| I'm with the rest of you, I don't understand why copper is as low as it is. I'm expecting it to go back to $2.50 - $3.00 this summer, I'm holding all of my scrap for now. Time will tell. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 12/18/2008 : 23:09:25
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quote:
Originally posted by simplicitycounts
I'm with the rest of you, I don't understand why copper is as low as it is. I'm expecting it to go back to $2.50 - $3.00 this summer, I'm holding all of my scrap for now. Time will tell.
wow dude, you must have a lot of room to store scrap, or a small amount of scrap. 
If copper historically follows the price of a gallon of gas, we all know how demand is dropping for gas. I would assume demand is dropping for copper too. That is the problem with industrial metals. If there is no industry, there is no demand, therefore no value at the present time. Look at Rhodium prices. No cars being made, rhodium is less than a grand an oz. |
"99% of all lawyers give the rest of them a bad name"
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99 cent copper?
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