| Author |
 Topic  |
|
|
AGgressive Metal
Administrator
USA
1937 Posts |
 Posted - 03/31/2009 : 18:08:07
|
Copper is over $1.80 today, making copper cents worth about 1.2 cents each. This is definitely a positive indication that the price is going to support at levels above face value, imo. Its also vidication of your "hoard" to skeptical relatives and friends. Hopefully, we'll be back on the road to $4 copper in a few short years.
|
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
|
|
fb101
Administrator
USA
2856 Posts |
Posted - 03/31/2009 : 18:48:06
|
| IF they drop the dollar as reserve currency you'll have $4.00 copper before the end of April. |
 |
 |
|
|
theo
Penny Hoarding Member
USA
588 Posts |
Posted - 03/31/2009 : 19:50:57
|
quote:
Originally posted by fb101
IF they drop the dollar as reserve currency you'll have $4.00 copper before the end of April.
I think we still have time. The Chinese and Russians can talk all they want about the dollar's reserve status, but right now there is no viable alternative. Don't get me wrong, I think the dollar will be replaced; but it will more of a process than an event and it will take a few years. Copper will rise regardless due to the effect of all the government spending. Anyway, I need time to add to my meager hoard (about 120 pounds between pennies an nickels). |
|
|
|
AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 04/01/2009 : 22:27:38
|
| Yeah, even with President Zero and a hostile Russia and China, the dollar isn't going anywhere fast. I mean, the other currencies are doing just as poorly, so its not like we are unique. The Pound and the Ruble have slipped more than the dollar, so they have no real room to talk, despite our crazy monetary policies. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
|
|
|
vrbsroma
Penny Collector Member
394 Posts |
Posted - 04/02/2009 : 16:35:10
|
| No questions that this is the new "base" price and the value of a penny will only go up to 1.5 and 2.0 cents or more in the next few years, IMHO. |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
|
|
| |
Topic |
|
Copper over $1.80 today
Forum Locked
