68Camaro wrote:Copper wrote:In Ontario the percentange is consistant at 40-50% sometimes hopping to 60%, But when I buy in the larger cities Kitchener or London, the percentage usually drops to 30%
Dang, those are crazy numbers....
I just got this idea:
Canada has 15 more years of copper with, let's say 45% residual copper in circulation.
US has an average of 30% of residual copper in circulation.
So year are talking of around 1% depletion per year. However, it is not depletion per say, simply that more pennies are produces every year, this thinning out of the copper is inevitable.
On the other hand, copper value and the hoarding that ensues, is relatively new. As new hoarders are coming on-board, an additional true depletion is occurring. I believe that the US has, proportionnally to Canada, a lot more hoarders (in the range of 5x more) which are relentlessly attacking the circulating coppers.
My predictions:
Copper for Canada will go down at a rate of about : 1 - 1.1% per year for the next 5 years.
Copper for the US will go down at a rate of about : 1.5 - 1.7% per year for the next 5 years.
However as soon as the babyboomers (largest generation on the books) start clearing their house to move to a retirement home, you should watch for those CWRs. This will be our last chance to hit it big. Percentages could, at that point stabilize for awhile.
Cheers,
