My second wave

**Copper Head** · 05-22-2013, 09:43 AM

I am in my fifties and I feel strong, but I see i wasted many opportunities in my young days, simply put from age 16 on if I wanted it I got it ,Hobbies galore bike cars --on and on -- clothes -- you know trying to be a big shot , I just should of been way more modest and still could of had it all - ECT just way less .

Now there is no need to say what I should of spent the money on as thats not what the " My second wave " QUESTION is about
Now I am building up lots of copper in all - forms - Brass - ECT- and in time might even pull off some silver want to have 200 to 500 OZ before it gets to (or IF) expensive ,

Is what I am saving NOW going to be My second wave ? or a mass of insanity of saved copper scrap suitable for a hording TV show, will good happen or never really happen - - - extreme value of copper brass silver gold ??
back in the day I chose to put $4500 on a deposit for a Mustang GT & payments of $280 per month (thats just one example) .should of bought a old car and SILVER & GOLD
What do you members feel will go down by the year 2035 Will I have value or a pipe dream ? I feel it in my self that I will keep finding till it's not popular to be tossed to trash - by then I will amass plenty,

**poundigity24** · 05-22-2013, 10:03 AM

Make sure you keep all of that copper locked up safely

**freonjoe** · 05-22-2013, 10:52 AM

Copprer Head, when you get into your 50's, I'm not sure speculating on the metals market for your retirement makes good sense. I've been putting money into a mutual fund that pays a monthjy dividend for the last few years. Between the dividend re-investment and whatever cash I throw at it, I get to watch how much my monthly dividend grows. The added advantage of that is at any time I can have the monthly dividend deposited into my chexking account instead of being re-invested. Also I can take money out at any time without paying any fees as the fund is front end loaded. No sense in depending on the goverment to fund my retirement.

**Trot** · 05-22-2013, 10:56 AM

I also have a copper hoard in the shape of a schoolbus filled floor to ceiling front to back. I am also nervous. I am planning on holding it for when my first born turns 21. House or college situation. But I don't know. Don't like to speculate. Interested in what these guys say. I also have a 70 acre investment property my grandfather willed to me in east Texas so I'm not worried about money later on in life. Also wife has really good accounting job

**Re-cycler** · 05-22-2013, 10:59 AM

Copper Head,
I am in the same age range and I am now selling off stuff I have had since I was a very young kid.
I'm getting rid of the last few lbs of silver now as I have particular interests (Riding Harleys) that are more important than shiny things sitting in a safe.
Saving any type of metal has rarely ever lost me money.
Most is stuff I have collected since I bought this place in the early 1980s
As long as it's not preventing you from paying your expenses and you have fun collecting it's a good thing.
If you are speculating and think you are gonna hit it big.... that's a roll of the dice......I bought most of my silver at under $5./oz and had to sell most of it over the years at break even prices.
I've had some losses due to theft of copper and one year had to give 6 cars and trucks away to the same scrap yard I still deal with because of locals who didn't understand the repercussions of messing with someone who has nothing to lose............. I hauled those cars out and focused my attention on them for a while and they haven't bothered me in over twenty years now.

**copycat** · 05-22-2013, 01:02 PM

Copper is a good investment. I'm hoarding it until prices go up more. All it takes to drive up the price is a major copper mine to go on strike or natural disaster No matter what happens copper will always sell. I believe all PMs with go up in the next 20 years.

**jghilino** · 05-22-2013, 01:59 PM

i agree strongly with copper hoarding however industrial demand for copper has been declining for awhile now so that needs to be factored into your plans also

i am not actively buying any copper at this time, other metals like silver platinum and gold look like stronger plays right now.

**Victor** · 05-22-2013, 04:42 PM

These are just my opinions so take them at what they are worth.

Do not narrow your second wave down into a metal hoard. Your putting alot of faith into a maybe. Maybe inflation takes off.....maybe metals run to the moon. Maybe this, maybe that. There is too much out of your control to bank on any one path being the yellow brick road. Things run in cycles and waves and then you have bumps and curves inside of those waves that need to be overcome. That's where being diversified and having multiple income streams helps smooth out those bumps and curves. Think of it as a bunch of different hoses filling up the same pool. If a few hoses get holes in them....the pool is still filling up (just slower) until you can fix the hoses.

Start looking at some historical charts and doing some research. The time to truly hoard gold and silver was in the 90's when prices were bare bones. The bottom of the wave. The time to hoard 30 yr T-Bonds was the early 80's when interest rates were smoking. Stock and Mutual funds....that was in 2009-2010 when everyone was panic selling. Buy low sell high so to speak. It's tough to pick your spots and everyone is an expert looking backward. The trick is to identify long term low trends....be disciplined enough to scale your buys on those trends and be disciplined enough to scale your sells into the uptrend. If it was easy we'd all be rich.

Diversification of income streams is key. Real estate, t-bonds, stocks, commodities, selling goods or a service, bank accounts. Take on some risk and take on some stability. The main thing is do not be overweight to much in any one thing other than cash. That's gambling and if you want to do that, play the Powerball. Always build you cash position overweight so when that generational buy comes along.....you can jump on that risk with more upside than down.

This is an example. Use your recycling business to generate income. Build a cash hoard with your surplus after expenses. Pretty soon you got a stash and look at that, nat gas is trading at $3.50 when the historical average is say $6.00....time to get a bit long there. Blackberry has 1 billion in surplus cash and is trading at $9.50......seems like a good risk.....I'll buy a bit. Gold is off 18% this year while silver is off 45%....I think I'll sell a bit of gold and buy a bit of silver since the spread between them is 60 to 1. When the spread gets to 45 to 1 I will sell some silver to increase my gold holding. I got this old Star Wars collection laying around.....time to sell it on ebay. I need a winch for my trailer. Costs $500 but I can make that back winching the 4 cars that I got a lead on last week. Time to get the timber guys in here to cut that veneer oak out back. I’ll use that cash to buy a tiller so I can plant a garden and save on my food cost. By the way my neighbor saw my tiller and wants me to till his garden for a $50 spot…..etc, etc….

A bunch of hoses into the same pool.

**RustyDollars** · 05-22-2013, 05:26 PM

That's very sound advice Victor.

**cummins** · 05-22-2013, 07:18 PM

i keep all the wire and yokes i striped out. all the pipe i take in once a month. wife thinks im nuts..5 gal bucks everywhere like im some kind of prepper

**ITBoneyard** · 05-22-2013, 10:26 PM

Originally Posted by RustyDollars

That's very sound advice Victor.

Very sound advice indeed!

**Trot** · 05-22-2013, 10:31 PM

Thank you for your advice Victor. The investment property I have, I set up a 10, and a 20 yr. Timber harvest program. I definitely don't have all my eggs in one basket so to say.