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copper ETF

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  1. #1
    Copper Head started this thread.
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    copper ETF

    Let's Get Physical (Copper)! | InvestorPlace


    This news is 3 years old

    But JP Morgan is persistent



    J.P. Morgan's Long-Awaited ETF: Playing Close To The Vest - Forbes


    Worldwide copper market surplus to escalate further in 2015, forecasts GFMS,United Kingdom | ScrapMonster.com


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    BRASSCATCHER's Avatar
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    So JPMorrgan wants to do to copper what all the other banks have done to precious metals. Keep this in mind there are more etf's sold than there is the physical metals. If there was ever a run on metals where people wanted the metal instead of the paper the backers of the paper would be screwed. Its always better to hold the physical metals instead of paper.
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  4. #3
    Copper Head started this thread.
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    precisely,
    Yet ETF's have a profound effect on Gold , Silver prices .
    some times to the benefit or disadvantage to the buyer of the
    physical metal due to artificial pricing,

    The consensus is copper reflects true to economic growth or decreases
    Could Copper ETF's mess up the respectability copper has as a barometer
    that even I use to gauge the scrap market

    Not that it's an indication
    but often sellers of copper bullion sell out
    and there is a waiting time to replenish
    so there is a popularity to .999 bullion
    The question I seek is
    Will the copper stored for ETF's
    going to be copper scrap
    or copper bullion only
    If it's bullion , then copper .999 bars and such could have a reality some day if copper ETF
    gained ground to the level of gold -silver ETF's
    Last edited by Copper Head; 04-17-2015 at 11:19 AM.

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    I don't have that problem wth PMs ETFs (don't know about base metals though?) because who I work for, I can't "legally" own them. Maybe some day if everything holds together that long. But I don't think they can stop me from owning physical PMs (and I'm not going to ask them...).

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