johnbrickner wrote:I don't have the exact numbers but, I seem to remember copper tracks gold similar to silver tracking gold with an R squared running from about .75 to .86. A perfect relationship being 1.0.
Standard deviation is ?
Dr. Copper has a good indicator to it as a money insurance is what I am supposing. We might go through periods of deflation and reduced industrial demand, but I am thinking that copper has to be the easiest play ever in metals nowadays. Cheap as sin to get versus paying spot+, if you sort pennies. I just wonder what will be the impetus to Gresham Law out the pre-1982 cents in a big swoop. It is not the spot price of copper right now. Given inflation trends, probably will take decades before people figure out they missed the opportunity to have set aside the coins.