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 Replies: 9 / Views: 1,494 |
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Pillar of the Community
United States
842 Posts |
As you all know, the world is currently experiencing gold prices at all-time highs. Recently silver has suprisingly skyrocketed in value as well. Do you think that the next semi-precious metal, copper, could also start rising in cost? If so what do you think the possible price could be?
*** Moved by Staff to a more appropriate forum. ***
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Bedrock of the Community
Australia
21786 Posts |
If you want to know the real health of the World economy, look at the scrap STEEL price history, in the country of your choice.
If you are into precious metals, look at platinum of rhodium, in one gram or 1/20 the ounce lots. There is too much heat in the silver price right now.
For me? I will stick with good old numismatics. I have just received an auction catalogue of Roman coins. I will spend the next 5 days over Easter examining each lot closely, and comparing with similar coins on the VCOINS website. I will be as happy as a pig in mud!
Perhaps I may buy a coin from one of the dealers on the vcoins site.
I will have quite a bit more money to spend on coins from now on. I am retiring in a couple of months, and would you believe, the pension will be double the amount I am currently getting from my job, and that is inflation adjusted for the rest of my life. I was lucky enough to have an engineering career with the Government for over 35 years.
My interest in ancient coins is longer than that. Pity the small size of my collection does not reflect that.
I have found that investment in numismatics generally, has a better track record than investment in the bullion market over the long term.
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Pillar of the Community
 United States
842 Posts |
I totally agree with you about the whole bullion-coin thing. I am trying to figure out how much my hoard if wheaties will increase value-wise.
As you can tell from my name, I too collect ancients! I find them to be the most facinating coins to collect. It's not every day that one gets to hold something 2000 years old.
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Pillar of the Community
United States
1450 Posts |
I think that the fate of the price of copper is tied to the continued growth in China,India ,Brazil and Russia. If worldwide supplies of copper are dwindling as reported,continued growth worldwide will drive up price. Along with growth,the strength of the dollar will affect the price of copper. IF THINGS CONTINUE THE WAY THEY ARE,we will see $6/lb. in a year or two. If those two factors change,we could drop back to $3.50-4.00.
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Bedrock of the Community
United States
10982 Posts |
What hockingzig said. Copper is closely tied to the economies and the world markets. A $6/lb target is reasonable near term (2-3 years).
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Pillar of the Community
United States
4778 Posts |
Quote:
I too collect ancients! I find them to be the most facinating coins to collect. It's not every day that one gets to hold something 2000 years old. Yeah, I just got into the ancient coin craze myself after buying my first two Romans at a coin show last week. They are just so cool! My bad for going off topic  |
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Pillar of the Community
United States
3670 Posts |
Pre 82 wheat's are worth 3 cents instead of 1, so that is the best way to go via copper. Another words DO NOT buy it, instead of hoarding for free if possible, via perhaps you have a grand parent with three giant water jugs full of Wheat penny's perhaps.... I don't wanna speak for anyone of course, but seems like BiggFredd would probably point out as he did for me anyhow, that to really deal in copper an have any chance of a profit, you need to deal in tons, not pounds or oz. So therefore buying any of those nice copper bars or coins with cool images on ebay, just results in ridiculous high premiums, and zero chance to do anything other than get the money back you put into it one day, if you are lucky. More of a collector novelty item perhaps. Seems like that is what he told me a month or two back, when I asked the exact same question about copper.... Edited by Silverhawk74
04/21/2011 3:25 pm
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Pillar of the Community
United States
3670 Posts |
I also like sel691's advice of plat or rhodium coins. Under the radar (at least the rhodium anyway), affordable right now, and no doubt will only keep going up in value IMO, but alas that is just speculation, the ol gut feeling eh....
I love the look of the plat coins, but if I was not so focused on silver, I think I may look into the Rhodium coins, as perhaps they are more affordable still yet then plat coins. I just gotta be careful not to get to much on my plate, and get side tracked as I easily do. And I would suggest that to you ancientcoinguy. There is only so much time in the day, and funds available for purchase, so pick something, stick to it and choose wisely....
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Rest in Peace
United States
9104 Posts |
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Seems like that is what he told me a month or two back, when I asked the exact same question about copper.... Indeed, grasshopper. The money in copper, and even in PM, is in turning it, not holding it. |
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Bedrock of the Community
Australia
21786 Posts |
Earlier in this thread, I said that there was too much heat in the silver market.
Looks like it has settled down a bit for now; perhaps for those that are interested, I think it is time to again apply some rational thinking to this area of investment.
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Replies: 9 / Views: 1,494 |
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Posted 04/21/2011 07:08 am
