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I watch silver & copper prices - they seem to dance to the same tune as to going up & down in price
As a investment in the future does any one think one
will run away with the trophy
REASON
Is it better to have 50 lb copper or silver purchased from copper money. Certainly easier to have silver stashed away
Go with hallmarked silver. A lot easier to buy and sell at prevailing price.
The ease of selling silver - yes , But do you think copper one day will hit the $8 $9 mark by virtue of copper having quality's and a need that will exceed silver current demand & uses.Quote:
Originally Posted by freonjoe
According to one investment report I read not to long ago all commodities are bought through the merkinteal exchange. They only accept amirican dollars. Sometime after June 30 there will be a new exchange opening in Japan that will accept all currencies and the price of pm is expected to go through the roof. I hope this report is true, we'll just have to whait and see.
Hallmarked is OK if you are buying it right. You won't usually get as much for it as you would from junk silver or bullion though when it's time to sell. I will only buy scrap silver if it is marked "sterling". Not crazy about the .925 mark or pictures of lions or whatever. Your mileage may vary.Quote:
Originally Posted by freonjoe
I mis-spoke about the silver. I meant easily traded silver like maple leafs and englehearts. Something that is branded and has a quarntied price structure. It is a lot easier to store an ounce of silver versus 10 pounds of copper.
Wouldnt this hurt the $$$ tremendously?Quote:
Originally Posted by happyscraper
Quote:
Originally Posted by freonjoe
This statement hits the home run It seems that in a generally stable economic time the establish prices of PM uniformly goes up and down . So yes 1oz silver easer to store then 10 lb CU . BUT could we have economic situations cause CU to go to $ 8.00 causing 10 lb CU = $80 wile silvers use remains the same so no real spike .
Diversification is a good idea. Gold is generally considered a good monetary inflation hedge with some use as jewelry. Silver has similar qualities but additional industrial use. The industrial demand makes it a bit more sensitive to downward pressure in a slow economy. Copper is a straight industrial commodity play. Copper is likely to benefit from the central banks existing inflationary policies coupled with a red-hot economy. Still waiting on that economy.
I feel copper as of now is still under valued , Silver has been higher , gold $2400 ???
My thoughts:Quote:
Originally Posted by Copper Head
Your spread on copper is going to be worse than on silver than on gold. What I mean by that is say copper spot is $4 per lb and your getting $3 for clean #2. That's a 25% spread. On silver lets say spot in $35 per troy and your buy price is $37 and your sell price is $34. Your spread is roughly 6% on a buy and 3% on a sell. On gold let's just say were at $1700 per troy. Your paying 1750 on a buy and your sell is $1680. Your spread is now roughly 3% on a buy and 1% on a sell.
Your milage may vary depending on the dealer and yard but in my eyes if you are wanting to hold something, go for the item with the least amount of spread on it. Trade copper for silver, then trade silver for gold. One other thing....when your trading silver for gold, watch the ratio. For instance it takes roughly 50 ounces silver to buy 1 ounce gold today. You want to trade silver for gold when that spread narrows to say 45, 40 to 1 and below. Start trading small amounts and keep working it as the ratio closes.
Then you can get into trading off brand silver(Merry Christmas and generic bars) for better gold (American Eagles) as some dealers price stuff differently depending on brand....etc....
Just some thoughts.
True - The spot on copper is just a reference when you consider they don't even come close to paying . One yard pays $ 2.32 lb still . but i can get 2.68 2.70 at another yard . CU closed @ $3.84