Who would have thought we would have such high copper and nickel prices as we do now with the U.S. economy in a housing slow-down if not a recession? The China and India expansions must be the main factor for these prices. I'm all for high metal prices but this is starting to get strange.
Anyone see any good articles or have any opinions about this?
************************ For good times to come or bad times to come, now is the time to save your copper or nickel coins.
1.) It is hard for us to fully appreciate that the 20th Century was the American Century. Welcome to the 21st Century.
I'm sure that the Britts had a hard time truely appreciating that their day in the sun was over back in 1907. In fact I'd bet that most of them didn't really admit it until well into or near the end of World War One.
The notion that the US determines the price of fungible commodities was true even recently, but evidence is mounting against that idea.
2.) There is a finite amount of energy available. Metals are energy intensive. It takes a lot of energy to pull it out of the ground and purify the ore into pure metal.
In the case of copper, it takes a whole lot of energy. You must be logged in to see this link. qwoted from above: "The repeated application of such fire-refining processes was capable of producing copper that was 99.25% pure"
My guess is that the price of all energy intensive commodities rise in price (after a short lag time) when the price of energy rises.
3.) War. Many nations are afraid that the USA is ruled by certifiably crazy war mongers. They may be hoarding in anticipation of war.
We cannot divide the 365.25 days of a year into eqwal parts. We never have and never will.
We cannot even divide the 365 whole days or integer days into eqwal parts. But we could have a year that is 364 days long.
I propose that we use a calendar made up of 13 months of 28 days each. Then every five years we have a five day long party or holiday that would serve the function that leap days now serve every four years.
Who would have thought?
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Posted - 04/10/2007 : 07:24:16
