My2Cents wrote:Let me start this off as saying that I'm PRO copper bullion.... I've amassed about a ton of copper cents, and now that I'm sorting for myself instead of buying, I'm going balls to the wall with it for as long as my copper supply holds out here in Okinawa. It's not in limitless supply like back in the USA ya know
So I'm thinking that while it's a worthwhile endeavor, as there's money to be made down the road, the question I'm asking today is it REALLY worth saving and sorting all these boxes/bags/truckloads of cents to cull the copper from circulation? REALLY?????? The math, while fruitful to some lesser degree.... isn't going to make your retirement THAT much easier, even if you have TONS saved. And to be fair, there's gas money involved, time spent sorting, misc expenses like wrappers and bags/boxes.... so it's not entirely a 'free' venture is it?
So what I want to know from you fellow Realcent members, is exactly what you hope to accomplish by either your hand-sorting methods, Ryedale machines, or any other methods.... What exactly are you holding out for????? $10/lb? $50/lb? At some point you hope to cash out your hard work and thriftiness.... so what kind of return are you really hoping to achieve?
And the follow up question would be this.... don't you think that you could have garnered the same kind of returns on investment (ROI) by buying into the stock market?
Now... let me input my own reasons why I'm doing this crazy "hobby" (since that's how I view it).....
I make ample money to live on, and I invest the remainder in numerous other things.... gold/silver/real estate/guns/ ammo/ and of course... copper cents. I feel that I should have a very round investment portfolio, and at the bottom of this portfolio is this copper sorting. While it's entertaining and time consuming, I've made far better gains playing in stock options in a much shorter time frame. But I'm still drawn to it for reasons that are still elusive to me.... I guess I like the repetition or the lack of any intense thinking.
So what do you say?
Shifty51 wrote:In my humble opinion...Metal beats Paper!!! Also real assets beat financial assets. If you can't stand in front of it with an assault rifle and defend it then you don't really own it. And your return on investment with copper cents is around 150%. No doubt you have made better gains monetarily with stock options, but not percentage wise. That being said, if you do in fact have stocks returning 150% I would like to hire you as my financial planner. Worst case scenario stocks/bonds/paper currency will be worth their weight in kindling. At the end of the day the return is excellent and it is a very cheap and as you say fun/addicting hobby.
Rodebaugh wrote:My fingers turn black and taste funny.
twentybux wrote:It is a "Treasure Hunt" for me and I don't taste my fingers after sorting.
lukesquires wrote:I drink beer while I sort.
lukesquires wrote:I drink beer while I sort.
lukesquires wrote:I drink beer while I sort.
avidbrandy wrote:twentybux wrote:It is a "Treasure Hunt" for me and I don't taste my fingers after sorting.
If you don't taste your fingers afterwards then how do you know how much effort you put into it? You're not getting the full experience here.
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