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General Category => General Discussion => Topic started by: SinCityVoluntaryist on September 12, 2012, 06:00:34 PM



Title: A little investment tip for all of you
Post by: SinCityVoluntaryist on September 12, 2012, 06:00:34 PM
 Hey guys,

 Just a quick investment tip that I've come across. If you're looking to invest in precious metals like I have, but don't feel like putting too many resources into gold and silver, go with copper. I just brought two Ron Paul copper rounds for $3/ea from a local coin dealer. That's really dirt cheap. Though that really doesn't seem like a lot right now, if you accumulate enough of it, it could really pay off in the end.

 You can also buy bullion copper for about $30/ea.

 Just a quick survivalist tip.  


Title: Re: A little investment tip for all of you
Post by: Seth King on September 12, 2012, 10:59:18 PM
Ummmmmmmm

Copper spot is a little over $3 per pound. Those Ron Paul copper rounds are $3 per ounce. That's all I'm sayin'.


Title: Re: A little investment tip for all of you
Post by: Disengage on September 12, 2012, 11:15:05 PM
I looked into copper a while back, and the bullion is vastly overpriced compared to the metal cost.    I know there's going to be some kind of premium to get nice coins, but an order of magnitude difference is unacceptable.   

Especially when you can start collecting pre-1982 pennies for a premium of zero.

But I don't doubt that copper is going to become more expensive.   It may not be the "poor man's gold,"   but you probably won't regret having some as long as you didn't pay a ridiculous price for it.   


Title: Re: A little investment tip for all of you
Post by: nitish_trifid177 on September 13, 2012, 07:38:45 AM
Commodity Tips :)
Market Weekly News:

    Sensex jumps 337 points; CG, Realty, Metal lead.
    ECB unveils new bond-buying plan.
    India received USD 66.13 billion in remittances in 2011-12.
    Indian Oil Corp to raise $450 mn via overseas borrowing.
    India Infoline bond issue oversubscribed by 2.36 times.
    Aurobindo gets USFDA nod for hypertension drugs.


Title: Re: A little investment tip for all of you
Post by: macsnafu on September 13, 2012, 01:04:55 PM
I looked into copper a while back, and the bullion is vastly overpriced compared to the metal cost.    I know there's going to be some kind of premium to get nice coins, but an order of magnitude difference is unacceptable.   

Especially when you can start collecting pre-1982 pennies for a premium of zero.

But I don't doubt that copper is going to become more expensive.   It may not be the "poor man's gold,"   but you probably won't regret having some as long as you didn't pay a ridiculous price for it.   

Yep.  All the homeless in my area go around stripping copper from wherever they can to make money at the local metals recycling plants.  So if you get some copper, keep it in a safe place!   :P


Title: Re: A little investment tip for all of you
Post by: Disengage on September 13, 2012, 06:09:37 PM
Around here they're vandalizing air condition units for the wiring and tubing, and stealing the copper electrical wires feeding old businesses.     Somehow managing to do so without being electrocuted.

Yup, copper is in demand!


Title: Re: A little investment tip for all of you
Post by: Kelvin_Silva on September 13, 2012, 08:47:58 PM
Id like to note that buying metals is NOT an investment.
All it does is retain the value of your wealth (store of value).

Buying 1 oz of gold for 10 dollars lets say, and then a few years later it is 50 dollars, have you gained a return?
No. it is merely a result of inflation.

Investing something means that you buy it and sell it later in hopes to return a profit.
THere is no profit when you have 10 dollars and then a few years later you have 50 dollars which is worth the 10.

I guess im just playing with words here but i thought it should be noted.


Title: Re: A little investment tip for all of you
Post by: macsnafu on September 13, 2012, 09:23:03 PM
Id like to note that buying metals is NOT an investment.
All it does is retain the value of your wealth (store of value).

Buying 1 oz of gold for 10 dollars lets say, and then a few years later it is 50 dollars, have you gained a return?
No. it is merely a result of inflation.

Investing something means that you buy it and sell it later in hopes to return a profit.
THere is no profit when you have 10 dollars and then a few years later you have 50 dollars which is worth the 10.

I guess im just playing with words here but i thought it should be noted.
Sure, you're right.  But how many investments do better than inflation?


Title: Re: A little investment tip for all of you
Post by: Kelvin_Silva on September 13, 2012, 09:29:09 PM
Ones that outpace it.
Indeeed our inflation is rising, but very gradually.


Title: Re: A little investment tip for all of you
Post by: Disengage on September 13, 2012, 09:51:13 PM
Technically, buying bullion is either speculating or saving, depending on your expectations.

But then, by the same technicality, most people buying regular stocks are speculating and not investing.   If you're buying expecting the price to go up so you can sell for a profit later... that's speculation.   

Which means that MOST people use the word incorrectly.   Which also means that perhaps the definition is shifting, as definitions tend to do.   



Title: Re: A little investment tip for all of you
Post by: JustSayNoToStatism on September 15, 2012, 11:24:42 PM
Ummmmmmmm

Copper spot is a little over $3 per pound. Those Ron Paul copper rounds are $3 per ounce. That's all I'm sayin'.
Yeah, but if you're poor and like holding shiny round things, then this is a couple orders of magnitude cheaper than gold. Therefore, good deal.


Title: Re: A little investment tip for all of you
Post by: MAM on November 04, 2012, 11:44:54 PM
If you're looking to invest, precious metals isn't where you go, your chances of making a profit are slim as a prospector. You buy metals so that when fiat turns to shit even more than it already has you have something that has value.