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Cents at 3x parity?
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Posted:
Thu Dec 30, 2010 5:35 pm
by uthminsta
When do you think it will happen?
Is anyone waiting for this mark to start sorting more, or to start selling?
Will 3x change anything for you?
Re: Cents at 3x parity?
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Posted:
Thu Dec 30, 2010 5:48 pm
by pennypicker
It's already happened---with pre-80 Canadians that is.
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Re: Cents at 3x parity?
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Posted:
Thu Dec 30, 2010 10:47 pm
by goodcoin
Copper cents are close to 4.5x the metal value of zinc cents.
Re: Cents at 3x parity?
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Posted:
Fri Dec 31, 2010 12:59 am
by aristobolus
When Silver was at or below $5.00 an ounce just a decade ago, the value of a silver dime for instance, was just .36 cents. I believe mass hoarding will begin when the copper pennies are consistently valued between three and four cents a piece. I must admit that I dropped off the copper radar when the price went below two cents a few months ago, but at this rate I will probably want to get a Ryedale and go to town!
Re: Cents at 3x parity?
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Posted:
Fri Dec 31, 2010 8:00 pm
by Finder
What does copper have to get to to get us to 3 cents?
Anyone done the math yet? 4.50ish?
Re: Cents at 3x parity?
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Posted:
Mon Jan 03, 2011 2:32 am
by TwoPenniesEarned
It's not what copper will do but what Bernanke will do. Give him three to six more months with the printing presses.
Re: Cents at 3x parity?
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Posted:
Mon Jan 03, 2011 3:43 pm
by Economist
I did the math a few days ago... let me see if I can remember. I think I found that $4.60 copper = .03 pennies.
Let me double check that...
$4.61
Here's the math to double check:
Copper Spot * copper cent weight * gram-pound factor * purity = .03
n * 3.11 g * .0022 * .95 = .03
.0065n = .03
n = 4.61
Getting awfully close!
Re: Cents at 3x parity?
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Posted:
Mon Jan 03, 2011 10:33 pm
by Roadrunner
Oh...so close!