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Copper, The New Silver?

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Author Previous TopicReplies: 9 / Views: 1,834Next Topic  
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sunshine99's Avatar
United States
52 Posts
 Posted 09/13/2011  9:41 pm Show Profile   Bookmark this topic Add sunshine99 to your friends list Get a Link to this Message Number of Subscribers
A lot of people have been talking about this. I want to know if you guys think copper will ever reach the value of silver?
Sunshine99
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Penny4Me's Avatar
United States
745 Posts
 Posted 09/13/2011  9:46 pm  Show Profile   Bookmark this reply Add Penny4Me to your friends list Get a Link to this Reply
i think copper reach the value of $1 toz in 2033
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Namachieli's Avatar
United States
2120 Posts
 Posted 09/13/2011  11:21 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
Yea, id say it will become more valuable.

How much who knows.. just more.

Holding all pre 1982 cents would be a good way to slowly and cheaply save copper.
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everything's Avatar
United States
493 Posts
 Posted 09/14/2011  01:34 am  Show Profile   Bookmark this reply Add everything to your friends list Get a Link to this Reply
Copper prices have held steady over $4/lb. the last year, but it's way more abundant than silver, maybe the question should be, is silver the new gold?
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sunshine99's Avatar
United States
52 Posts
 Posted 09/14/2011  10:05 am  Show Profile   Bookmark this reply Add sunshine99 to your friends list Get a Link to this Reply

Quote:
maybe the question should be, is silver the new gold?
I didnt really think about that
Edited by sunshine99
09/14/2011 10:06 am
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bjones's Avatar
United States
304 Posts
 Posted 09/14/2011  2:59 pm  Show Profile   Bookmark this reply Add bjones to your friends list Get a Link to this Reply
I'm certainly not an expert here, but I think you guys may be missing the point of is x the new y. If silver were to go up to where gold is now or even close to it, it still wouldn't be gold. Silver, like copper, has many more industrial uses than gold. This means that unless someone finds a grand new use for gold in everyday manufactured goods or the like, then silver will never be gold. Unless copper demand suddenly surges by x1000 or they find out that half of the copper deposits on Earth are actually silver deposits, then copper is likely to never be priced close to silver.

Another interesting point, assuming of course that the comment about is x the new y is being based solely on price and market movement, is do you think silver is actually worth more now than 5 or 10 years ago? Or is it simply that the dollar (or other currency), which is used to measure the price of silver, just doesn't buy as much as it used to?

A simpler explanation for those not keeping up. Instead of saying how many dollars you could get for your pile of silver, look at how much of something else you could get. How many cheeseburgers could your pile of silver have been traded for 10 years ago? How many cheeseburgers would you get for your pile today?

I am just throwing theory out there of course, to get you thinking.
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Libertad's Avatar
Canada
3692 Posts
 Posted 09/14/2011  6:33 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
The properties of the metals count for a LOT. Silver is unique, as is every other element. And a lot of people are still stuck on dollars. If the price of silver dropped $35 tomorrow, you would still have the same amount of ounces troy as you did yesterday. I'm starting to just stop thinking in dollars and just think of weight and prestige. If you have to measure everything against dollars, then I'd have to say you have a long way to go before you figure out the world. I'm a long way off, as well.
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biggfredd's Avatar
United States
9104 Posts
 Posted 09/15/2011  09:05 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
maybe the question should be, is silver the new gold?


Silver became the new gold when it passed $35.
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biggfredd's Avatar
United States
9104 Posts
 Posted 09/15/2011  2:26 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
This means that unless someone finds a grand new use for gold in everyday manufactured goods or the like, then silver will never be gold.


Above-ground silver is already scarcer than AG gold.

In what specific way is silver not the next gold?

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JackB's Avatar
United States
1064 Posts
 Posted 09/15/2011  2:34 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
My 2 cents, I hope copper does not go much higher - crooks and addicts are already stealing it left and right. Last winter a whole apartment house was w/o heat because thieves stole copper piping from the boiler while it was running! My favorite was stupid thieves up my way 2 years ago that climbed over a fence to a power substation, and were killed when they tried to remove copper bars!
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