I read the link and I am still smarting over trying to reason with members on another message board. I should give up trying to convince people that stashing away copper cents is virtually a loss-less endeavor. Even my own brother has given up stashing away pennies and he is more of a prepper than I ever been or will be. On another forum, the talk about gold has cropped up. This board is a conservatively bent one, so gold gets treated like a speculative game more than stodgy bonds and index stock funds. I spoke up and suggested that it easy peasy to get copper at banks (most) right now and you can avoid the price swings that gold has and still own a physical metal and have its cash value, etc. intact. It is too heavy and too bulky to deal with for them. Hmmmm, I guess owning real estate and other sundry things is lighter on the wallet? Anyway, I give up trying to preach about copper. Knowing my luck, copper prices will go nowhere and all these 0.1 troy ounce disks I have will be relegated to spending at face value.......
Having a physical copper ETF should be interesting because I can see some of those guys who trivialized my suggestion of storing physical coins via cents think having a paper ETF as the way to own copper. Now, I admit, I keep SLV, PSLV and GLD in my portfolio every now and then but I see them for trading/hedge against the huge premium spreads of physical spot. Guess I am just ticked off that it seems so obvious the marketplace has created an inefficiency but people scoff at it. I think it will take copper cents going to 500% of face value before the public starts getting enthused about stashing them. The public likes round numbers. Saying a penny is worth 5 cents may click more with them.
Also, can't we all just start our own copper ETF? I guess that is why I am posting this. Just buy copper pennies and sit back and get your ETF capitalized at 40% of what the NAV of the JPM ETF will be.