That's a lot, but the are a fucking lot of " cat ladies "
COPPER !
- Thread starter Kooka30
- Start date
Copper thieves will be everywhere now, trashing new buildings. Hmmm
anything metals got removed, grave gates also gone
View: https://www.tiktok.com/@adindaputri_97.3/video/7086757743960378650?is_from_webapp=1&sender_device=pc&web_id=7307806828971673090
View: https://www.tiktok.com/@adindaputri_97.3/video/7086757743960378650?is_from_webapp=1&sender_device=pc&web_id=7307806828971673090
Next they will be digging up the caskets for the bronze handles.
Interesting... Copper and silver have a very similar chart formation, along with a similar % increase.Even Copper is catching a bid.
I'm looking at MarketWatch, Copper continuous contract. $5.615 USD
Looking at their long term chart, that Copper price looks like an all time highNo I checked - $5.89 USD intraday high.
Hard assets are looking good ATM
Also interesting that Peak Copper and Silver mining was expected to occur around the same time - between 2028-2032.
Those charts are similar in their pattern if u give a little leeway for normal chart choppiness
For an individual stacking Base Metals is not economic. Unless u can acquire Base Metals at a significant discount to the spot price u will never make money.
I don't know exactly, but scrap metals dealers ( Base Metals ) pay on around 30% of spot price for scrap. Eg, ur 10c AUS with spot at 10.3c of Metals, a scrap dealer would give u 0.3c scrap value, but u need a large volume or else it's not worth his time.
Not a profitable transaction.
The big winners in the scrap trade is the criminals that Steal the Metals & then sell to a scrap dealer. A little story, that I know is true because I was there at the time.
Aluminum Smelters use Copper on their Anodes for smelting Alumina into Aluminum. Pure copper, 7ft long & 6 inches square. 1'st foot is split a cast onto the Anode. That part slowly corrodes & needs replacement. It's sent out to a specialist factory to have the split 1ft removed & replaced with fresh copper. All good to go.
So a truck turns up at the " Stores " building on a Friday. It's after 4.00 pm so the afternoon shift is covering just working stores, no outside stuff. He's late & pleads with the storeman to pick up the copper rods to go out for repair. Pleads that he will loose his job. He has paperwork that looks good ( mmm, inside job for sure ).
So the storeman loads Fucking " 20 tons " of copper rods onto the truck. How do I know ? Because I'm at the stores building to pick up some parts for a repair ( I'm a fitter working there ). I have to wait while the truck is loaded ( only 1 storeman on afternoon shift ). All loaded & he drives of, never to be seen again. Truck disappears. No cameras in the early 1980's.
No cops ( don't want public embarrassment ) but 2 suits turn up from Corporate Head Office. I get questioned. Everyone gets lots of questions, but no answers. About 5 years later I'm a Union Delegate sitting in the Union's site office chatting with the Union Organizer with a few others. I don't know how the question got started but the Copper theft got raised. Later it was just me & the Organizer when he said " on the quiet " the story is that the Copper is/was buried on a farm about 10 km away. He doesn't know if it's still there.
U sit on 20 tons of Copper for 5-10-15 yrs until u get the right price from the right scrap dealer & that's a nice little earner.
We are interested in promoting our 250th Anniversary copper collection on this forum. I see no discussion for rounds produced by mints that are not government-backed or a place for advertising.
We want to respect the rules of this forum, so please let me know if there's any room for sharing our products here. Thank you.
We want to respect the rules of this forum, so please let me know if there's any room for sharing our products here. Thank you.
Pretty cool that a big US private mint joined our little Aussie forum.
Welcome.
I'd like to see what your 250th America copper rounds look like, although with the premium on copper, and postage from the US, it would probably make them excessively expensive.
All of the " Minted " copper products I have ever seen are Obscenely OVERPRICED !
Usually with premiums in the range of a few 100's% to outrageous 1000% - 2000% for " Premium " mint coins.
Well yea, 1oz of copper is worth 10s of cents, pretty much all the price is in manufacturing.
It's not an efficient way to stack at all.
It can be a bit of silly fun though.
It's not an efficient way to stack at all.
It can be a bit of silly fun though.
Thank you!