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OT but copper: Storing other forms of bullion
Posted:
Thu Oct 25, 2012 9:13 amby sheepdog_tx
Bcause pennies are time consuming and hard to transport without packaging and bars/rounds of .999 are so expensive has anyone else started stacking copper bar stock? I've been chopping these into 1 pound bars for trade when i see them at the scrap yard. Anyone else feel this is a good media of exchange? If SHTF would you consider it "bullion" when trading?
Re: OT but copper: Storing other forms of bullion
Posted:
Thu Oct 25, 2012 5:45 pmby Kurr
I'd consider it bullion now. .999 busbars gor for a bremium if chopped and weighed. Wish I could find some!
Re: OT but copper: Storing other forms of bullion
Posted:
Thu Oct 25, 2012 7:30 pmby slvrbck
I think about this a lot. I have several contractor bags full of copper wire in my attic, but I wish there was a more accessible tradeable form. I wish copper rounds could be had with much less premium. I would buy heavily
Re: OT but copper: Storing other forms of bullion
Posted:
Thu Oct 25, 2012 7:43 pmby 68Camaro
Yeah, I'd get them if I could have them at very low cost. I've got some few pounds of stripped wire stored, but some low-cost bar would be a great addition.
Re: OT but copper: Storing other forms of bullion
Posted:
Fri Oct 26, 2012 12:27 pmby sheepdog_tx
[quote="slvrbck"]I think about this a lot. I have several contractor bags full of copper wire in my attic, but I wish there was a more accessible tradeable form. I wish copper rounds could be had with much less premium. I would buy heavily[/quote
I thinky uo're on to something here. How about of bar stock buy up round stock and cut with a fine saw to make homemade rounds?
Re: OT but copper: Storing other forms of bullion
Posted:
Fri Oct 26, 2012 10:53 pmby AGgressive Metal
Copper is an industrial metal, so if there is economic collapse there is less construction and less industry and thus less demand for copper. Its good as an inflation hedge but won't perform as well as gold/silver (value not as dependent on industrial uses) in true SHTF. Although if SHTF is accompanied by war then the demand for copper could stay strong. In 1944 I'm sure the Japanese would have rather had copper and steel than gold and silver - there is a time and place for everything I suppose.
Re: OT but copper: Storing other forms of bullion
Posted:
Sun Oct 28, 2012 7:52 pmby mongo
With copper rounds I have found that the more you buy the cheaper the price per round. But it still is some pretty expensive copper. I think the last rounds I bought were about 1.29 per round but they were 2nd amendment rounds and I took them to the gun show and sold them to make a few bucks. That was at least 1 year ago and im sure they probably have went up by now. I started sorting for the pre 82s and havent bought another round since. Like everybody else im hoping for the melt ban to be lifted. Until then i will just
Sort On and keep on stacking
Mongo