I like the idea of giving the copper bars to kids to teach them about saving, investing & stacking. Better yet, make them earn it by doing chores around the house first.
@@jameshihihin1320 High probability of little kid fingerprints all over the silver. I don't want to be selling a 10 oz silver bar with snot all over it.
I wouldn't buy copper bullion. What I do is every time I get home from the grocery store is I look at my change and I pick out the older solid copper pennies and put them in a penny tube and re-spend the modern copper-coated zinc pennies. This way I have some copper metal that I didn't even pay for and since it's legal tender, it'll always at least retain its denomination at the very minimum no matter the spot price of the metal.
Zinc is now worth more than the penny itself.....so start keeping some nice zinc shiny ones also....set a goal of 500 cents....that is 10 rolls of zinc.
@@williamclark9624 ... Exactly much better than pennies up to 1982 is to recycle copper from old plumbing pipes to many appliances with copper content such as motor coils to the many cords from used appliances that go out like fans, shavers, cellphone chargers, etc.
@@NayokeHenji not sure why everyone thinks silver is the go to for fracs, when money has been made of coper for thousands of yrs. Copper is truly the fractional money 💰. 1ton goal for me.
I always purchase copper alongside of silver. I also make sure I have many extra copper bars in capsules for the kiddos. I have used them for gifts and every time a young one asks to see my collection with awe, I grant them a copper piece of their choice. This helps them understand investing along with the value of things.
I have a sort of interesting take on this. I hoard copper but for entirely different reasons. Copper is vital to my industry (guns) because bullets are jacketed in it. And more specifically it’s necessary in roundstock, and sheet. So I’ll buy $10,000- $50,000 worth at the end of each year and hold it. I started this in 2012, and had 8 years worth of copper hoarded in 2020. The total came to about $300,000 invested. During the height of the pandemic ammo manufacturers were DESPERATE for copper, and specifically copper in forms that was useful to them. I ended up selling half the copper I had (approximately $150,000 in 2019 value) for $350,00. So now I have $150,000 worth of copper in stock that is completely paid for, as well as $50,000 in profit. Small bullion copper doesn’t make any sense, but in forms and quantity that are vital to local business it makes a great deal of sense. Especially if you have the space and means to store it. I recommend bright and shiny copper wire scrap to most people, but if you work in a specific industry that uses it for other things, then hoard that. I also did this with lead and sulfer. Everyone thought I was crazy, until I made a profit.
I get my copper for free. I work construction, you would not believe the amount of copper electricians throw away. I simply jump in the dumpster and pull it out. I up to about 3000lbs now. I bought a wire stripper and a forge to melt it into bars for storage
Adding this video to my "Community Classics" playlist. This video does an excellent job explaining the differences between copper and silver, and while there's more to copper than strictly from an investment standpoint...your key points are spot-on. Cheers! 😎
I don't think I would ever buy physical copper over silver. But I have thought about buying stock in copper mines/mining for basically what is explained in the video. Copper is cheap now, but it is going to go up.
I love the look of copper, I buy some every now and again to add a couple dollars to get free shipping on my silver orders. Just cool to have in my office.
I work in oilfield reclamation and save a lot of copper wire. I try to watch the scrap prices and sell it when it is high. Lately I have been thinking of saving it for several years and getting hundreds of pounds and see if its value will increase substantially during these uncertain economic times.
Great idea, brother! I am an electrician myself. I keep anything not bare/bright and use a 3kg electric furnace to melt the copper down into 1 kg ingots. It's a fun hobby and a possible storage of wealth for my kids. Keep stacking my friend!
I'm thinking of doing that with copper and aluminum I used to save it by the year but now I'm thinking of melting it down and saving IT for the kids to figure when I'm gone along with some hidden Silver slugs and bars and what not that's easy to tuck away and not be found till it's time for the wife to know
@Old scool cool die cast great idea! I will add that aluminum is great to melt because of the low melting point, but cost wise, it can cost more to melt if you are not doing large quantities at a time. Good luck though!, and Stay Stacked!
Not only will it increase, but the more pounds you have - say 100lbs VS 10 lbs is considerably different and the guy/girl who "bids" on what you're selling gives you a way better price for larger quantities than individuals of a couple of pounds. At 100 lbs Cu you're not an average dad & kids & you'll get closer to the spot, and if, you can get closer to 500 lbs, even 1,000 lbs - you'll get paid substantially more per pound than an average joe. The key is to know how much you have lbs, wire void of insulation is # 1 grade; #2 grade is with insulation and requirements can vary. Now, to bring it to fruition you don't go to the place you always did because they are close, a friend said, whatever, call every recycler (scrap yard) within a 10 or 20-mile radius of where you would travel; a 50 cent per pound difference- would definitely change how far you would drive. Call everyone listed and don't miss any because large or small, you are getting educated on how the whole system works. I live 18 miles from Tacoma and 29 from Seattle Washington and 500 miles? to Portland Oregon. The first time I had 500lbs plus of aluminum, I called that radius and learned so much, before I went, then I learned even more going to the place I chose. I had a 2-300 dollar difference in my aluminum which came out to about 7-800 lbs when weight was tallied. Tacoma was the highest price, and closest, portland I was sorry I paid for the call, but I'll never have to do that again, and every time I have a load, I also have 3 calls to whom pays the most at any one time for top $ and I have most in aluminum followed by copper, brass, bronze, lead and various other metals- stainless, etc., in weight. Also, TH-cam is a great resource and from it, I am going to start smelting my base metals for storage in the form of bars, so when I decide to sell I will have more secure storage, and more compact (garbage bags) to ingots. The reason being is the price will only go up for the next 25 years. I'm also appalled at the price metals brokers are charging for copper. Yes, a sucker is born every day and they are cashing in. I thought I would be able to buy 10 even 20-pound ingots of copper as an investment, but not so. Once I am up and smelting my ingots of various commodity metals, I will be able to sell them above spot as gifts, novelties, and even more as castings and such. Kinda my retirement plan, as more a hobby than anything, but it will make income. Watch TH-cam, there are hours of videos on every aspect of your resource, and you will not be disappointed.
You did an extremely great breakdown on the differences between silver and copper and I learned a lot about copper that I didn't know before! I feel that the premiums seem high for all undervalued and "cheap" metals. Many people think silver premiums are high, but gold premiums are reasonable. In my view, it's all relative. Premiums for cheaper and undervalued metals will always be higher. The price of that copper bar isn't just the production cost, but also the cost to ship as well! There is a floor price to have something shipped to your doorstep. Regardless, I think that everyone feels that silver and copper premiums are high now (when looking at the percentage) and they simultaneously find gold premiums to be reasonable (even though the dollar amount over spot is relatively high). However, as soon as the price of either copper or silver doubles or triples, the premiums will all of a sudden not seem so bad (yet the price of the metal, itself, will be 2-3x higher) and then everyone will all of a sudden feel comfortable buying it. Sure, it would take thousands of pounds of copper to equate to a much smaller amount of silver, but that doesn't mean we should never consider buying copper. By that same logic, some may argue that we should only stack gold and never stack silver because gold is far more compact. Yet others might take it a step further and suggest that simply being a palladium or rhodium maximalist is the way to go as it is an even more compact store of value than gold. Just my two cents! I don't stack copper for weight, but more as a collector. I think premiums are expectedly high, but certainly not indigestible given the extremely cheap price of copper. It's very hard to consider silver vs. copper as an investment for the same reason it's hard to compare silver vs. gold.
This actually proves the point that the real value of silver (and gold) are being artificially held down. Silver will skyrocket when SHTF and only precious metals are left as currency.
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
I've recently purchased a Devil Forge furnace and I'll be making my own copper, brass and aluminum bars. The kids will get them along with their allowance.
When I first read this, I was like "that's a terrible idea. Have you never owned a penny? Goes all green and gross", but I watched the video, and starting looking into it and apparently it's actually quite resilient to corrosion, so kong as you keep it away from moisture. I guess we just never took care of our pennies.
I have seen another youtuber who has made a channel out of using his at home built kilm to melt down metals. He did one video with copper pennies, He concluded that the time it takes to sort out the pennies and the fuel it takes to melt them into a bar, and the time it takes to do the melting, just makes it not worth it. Your better off just working a min wage job instead. But it is kinda fun to do, and he put another bar on his shelf as a little part of his collection. They're pretty, basically.
Love the content, you did your homework, and it is well received by these two old guys here in the high desert of Southern California, thank you. Lance & Patrick.
Last time I bought silver at my lcs I threw in a copper round. $4.99 for 25 cents worth of copper. I don't think I'm ever going to see that money again.
If you want to invest in small amounts of copper, buy common size copper water lines and electrical wiring. Both have more than doubled in price since covid lockdowns.
Go scrapping! People throw away lots of copper in their dead electronics and old motors, etc. Plenty of scrapper videos on TH-cam show how to remove all the valuable metals from electronic devices
The time to invest in copper bars was 6-10 yrs ago when you bought a half pound or pound bar...you could pay 50 cents an oz.....now you are paying almost 80 to 90 cents per Oz plus shipping.....of couse...copper is heavy so it costs more to ship....unless you are buying $200 worth....I used to buy silver then tack on copper so I got free shipping.....but now copper is to expensive to invest in......in my opinion
I'm stacking old power cables, contacts, and electric motors/alternators when they happen to come a long. Cans as well. I think copper and aluminum is a grab it if it's near free and hold onto it until you have a couple hundred pounds to scrap then buy silver or gold.
Rarity doesn't always mean something would be expensive, for example bismuth metal is 4x more rare than silver in terms of total abundance but you can buy kilos for cheap
You are correct. I just bought a one-pound bar of copper to finish off an order so didn't have to pay shipping costs and as a novelty item to set in with the au and ag in our stacks. I probably have that weight as well in a few tubes of wheat pennies I've saved from change over the years that I also save for mostly novelty reason even though they are worth a few pennies, nickels or sometimes dollars each.
I want a copper bullion cube just because they are cool looking. But picking through your change and picking up scrap is the best value wise. Pre 83 pennies are worth more than face value.
For me personally I bought some copper 1oz coins as collectors items, although copper has value and will continue to have value if you use it directly for your business or job then it might make sense. I don’t because it takes up too much space, same reason banks don’t generally hold silver. But I don’t think people are going to lose if they are holding copper, gold or silver I think they will all hold your wealth in their own ways. The other downside to copper is there’s so much of it laying around in dumps, cars, old buildings etc. much more available than silver and definitely gold. Not giving advice just my opinion. If you really don’t have much to spend on silver it might make sense to you in that way, or as in a end of world situation copper can help make change. The upside to copper is that you can go out in your spare time and collect much easier than you could mine gold/silver.
Even though Copper isn't as great as holding Silver, or Gold, you cannot deny the fact that it will hold its value when any fiat currency plummets to zero. Smartest thing you can do, is don't compare its value to a declining dollar.
I collect scrap copper tubing from jobs. Then I melt it into 5 pound bars. Local shop owner said he'll trade me some bars for gold or silver. Good thing I have about 200 pounds of scrap sitting there ready for melt lol
I knew a guy who worked for a big electrician company. He worked in the wearhouse. Circa 2010 ish... He was always talking about layoffs looming do to copper wire shortages...
Many countries are still using copper in coins. During war copper price will spike exponentially as it’s needed to build weapons, bullets, missiles, war machines, electronics, etc.
I love all bullions and I think if you have the money laying around you should totally buy up copper bullion. Buy up all metals you can afford to buy up.
I work in oilfield and find tons of copper laying around on location, so I save it and smelt it when I’m home on break, into 1lb bars up to 10lb bars @ 4$ a lb by end of year I should have enough to buy couple oz of gold once taken to scrap yard
Love the shiny, pretty metal. I believe in the value of copper, although I obtain mine via pocket change culling and copper scrapping. Not a precious metal, but has always been a monetary metal. I believe it'll perform very well post US dollar collapse.
I like copper but in the form of mining stock. I stick to the larger cap ones offering a good dividend. Commodities in general are at lower value right now so a good time to buy.
Copper ore grades have been dropping on average across the globe for decades. As of 2005 to 2007, conventional oil production has peaked and is in decline, and all new oil extraction methods are far more energy intensive and therefore, have a much smaller EROI (Energy Return On Investment). So the ore grades for copper are dropping just as the sources of the fuel and energy needed to mine copper are dwindling. This sets Copper up nicely for a future of much higher prices over the next 70 or 80 years. Copper isn't nearly as rare as Silver because it's not supposed to be. It is a rare metal, or it wouldn't be a monetary metal. However, it's rarity can't be anywhere near that of Silver or Gold, or it wouldn't be able to function according to its monetary use or its industrial uses. Can you imagine trying to buy copper piping if it were 100 times more expensive? Can you imagine the impact that would have on the global economy? Copper isn't meant to be an investment, though you can certainly invest in it. Copper is one of 4 primary monetary metals with the least wealth storage density capacity. I follows Nickel, Silver, and Gold. While it can be an investment, one of its primary uses is as a monetary metal. However, as with Gold & Silver, using real or natural money as money has been jettisoned and therefore looked down upon by the elite for more than 100 years, which is why they've done all that they can to memory-hole the concept of metal as money for the masses. Copper is something to hold or collect passively, as part of a diversified stack of wealth held outside of the banking system. If you want to invest in Copper, then you should probably try buying Copper mining stocks or try gambling in the futures market for Copper. I wouldn't invest in Copper though. I would simply passively collect some reasonable amount, though it will or should represent only a tiny fraction of your overall stored purchasing power or wealth. Typically the best ways are to pull Copper out of electrical type wire that crosses your path, but an easier alternative method is simply to make a point of using physical paper cash on a regular basis, while keeping all of the pre-82 pennies that you come across, as well as any American nickels that you happen to receive back. Those coins are already formed into tiny discs of metal, ready for use as a medium of exchange. Silver is primarily a derivative metal, which is why it can be much more scarce but not necessarily match that scarcity with its price relative to Copper. There are many many primary Copper mines across the world, but there are very few primary Silver mines. Most Silver comes from operations that are mining things like Lead, Gold, or Copper. Again, the biggest problem with physical Copper being an investment is precisely thinking of it as an investment. It is NOT an investment. Copper is money and has secondary industrial uses. It can only be turned into a true "investment" through things like stock issuance in a Copper mine or an ETF, as you indicated. Physical Copper, like Nickel, Silver, and Gold is simply money that also has other ancillary uses. When one doesn't understand the nature of money or of the metals which constitute actual real or natural money, your chances of misunderstanding and therefore, becoming discouraged in the buying, holding, and selling of the metals increases dramatically. You want to be dollar-cost-averaging into the monetary metals, with an emphasis on Gold & Silver, if you want to preserve your wealth or purchasing power for the long-term. The more monetary metals you possess in the future, the better off you will ultimately be.
Couple of points. 1) a lot of copper gets recycled, not so much for silver. 2) most silver comes as a by product of mining for copper or gold, not many primary silver Mines any more
I dont buy copper, but I do stack it when I can salvage it for free, which in terms IS investing in copper as I'm getting it for free even though it is always worth something
Yes you should invest in Copper Bullion. (Hand-Poured Copper Bars). That is why we make them and sell them. That is also why we record it so that you know the Bars are 100% Pure! Use the retail price for Copper wire or pipe as the current market value. Compare that to the scrap price. That is your margin.
I do buy copper bullion coins but only to give out or leave with a tip at restaurants it's kinda my calling card . But for investment no its a loss on every ounce I buy
I invest in copper as a smaller value trade note. Like a dollar bill. silver is my big notes like 30s 150s and 300s. Gold starts at 300 for 1/10 oz (rough numbers) and goes. I imagine world of warcraft currency lmao
Haw haw! Fill a room with high-premium copper! Find a buyer! Play stupid games, win stupid prizes! Your heirs will love dealing with that! The bulk of Silver is bad enough!
Investing in metals can be a good thing but a word to the wise, when stuff really hits the fan for real the ONLY thing that will have any value will be food and water and people will kill for it. Food for thought (pun intended)...
What about those kitchen decorations you see hanging on the wall, they say those are made out off copper but they never change color like old copper does. They keep their color shiny, are they really 100% copper?
I square dance. I have 2 bolo ties one has a 1994 silver dollar and one has a one oz copper round penny. More people like and comment and like the copper than the silver, so I have fun with them.
What about Brass> What about brass coins? 12 different U.S. presidents on them. My father passed and left a collection of an unfinished set w/ shrink wrap on them?
Copper is not stacked to make you money folks, no more than silver or gold. It has PLENTY of value since they insist we won't be driving gas cars in the future. It is used to store wealth also but no one wants it known. Why has copper been taken out of pennies? No one will get pre 82 pennies soon. You haven't noticed yet?
I scrap copper all the time. But i dont know if it would be worth it in fuel and material costs to melt it down instead of just taking it to the junkyard.
I purchased 500 coins @ $500... $1 per coin... and the VERY NEXT DAY... the sale ended and the version coins I purchased went up $1 per coin.... sold the coins @ THEIR rate and double my money. Made $500 in a day off of copper!
To get money I’d say not worth it. Premiums are too high especially on rounds. It’s only $4-$5 a pound. Might be an ok thing to get a pound or 2 but that’s about it.
The only sensible way to stack silver is to collect scrap and pour your own bars. There's no guarantee of purity, but when the value of the metal is as low as copper, especially if you're getting it for salvage prices, purity can be the buyers problem.
giving a 4 dollar "paperweight" as a performance bonus. thats makes those cheap pizza parties look generous. This guys been in management for a WHILE lmao
It's a good idea to have a couple because when someone finds your collection. They'll think "what kinda jackass collects fake valuables?". Then they will assume it's all fake and hopefully not take it anyways to start counter fitting.
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I like the idea of giving the copper bars to kids to teach them about saving, investing & stacking. Better yet, make them earn it by doing chores around the house first.
Why not just do that with silver? Only copper anyone should stack is pre 82 Pennie’s in circulation
@@jameshihihin1320 High probability of little kid fingerprints all over the silver. I don't want to be selling a 10 oz silver bar with snot all over it.
@@blackmetalmatters9101 That's hilarious 😂😂😆.. little snot monster's..
I’m 11 , I’m an avid silver and gold stacker with about 1.10 ounces of gold and around 100 oz of silver , I’ve never destroyed my stuff?
@@JoshsstuffST I was referring to kids younger than you are, like 5 year olds.
I wouldn't buy copper bullion. What I do is every time I get home from the grocery store is I look at my change and I pick out the older solid copper pennies and put them in a penny tube and re-spend the modern copper-coated zinc pennies. This way I have some copper metal that I didn't even pay for and since it's legal tender, it'll always at least retain its denomination at the very minimum no matter the spot price of the metal.
I just strip my copper wires. Save all copper. Have for years.
Zinc is now worth more than the penny itself.....so start keeping some nice zinc shiny ones also....set a goal of 500 cents....that is 10 rolls of zinc.
@@williamclark9624 ... Exactly much better than pennies up to 1982 is to recycle copper from old plumbing pipes to many appliances with copper content such as motor coils to the many cords from used appliances that go out like fans, shavers, cellphone chargers, etc.
The one 1 lb bars would make a great executive paper weight.
@@Koort1008 I was thinking about getting a 1 pound ingot just to put on my desk but how long will it look shiny? That’s what’s keeping me.
I believe in a shtf situation copper is the ultimate fractional form of payment rather than silver.
I'm with you on that.
@@NayokeHenji not sure why everyone thinks silver is the go to for fracs, when money has been made of coper for thousands of yrs. Copper is truly the fractional money 💰. 1ton goal for me.
@@CuSTACKS I stack copper pennies as well as silver and gold, copper is the ultimate fractional to me and gold is the most dense store of wealth to me
I always purchase copper alongside of silver. I also make sure I have many extra copper bars in capsules for the kiddos. I have used them for gifts and every time a young one asks to see my collection with awe, I grant them a copper piece of their choice. This helps them understand investing along with the value of things.
I have a sort of interesting take on this. I hoard copper but for entirely different reasons. Copper is vital to my industry (guns) because bullets are jacketed in it. And more specifically it’s necessary in roundstock, and sheet. So I’ll buy $10,000- $50,000 worth at the end of each year and hold it. I started this in 2012, and had 8 years worth of copper hoarded in 2020. The total came to about $300,000 invested. During the height of the pandemic ammo manufacturers were DESPERATE for copper, and specifically copper in forms that was useful to them. I ended up selling half the copper I had (approximately $150,000 in 2019 value) for $350,00. So now I have $150,000 worth of copper in stock that is completely paid for, as well as $50,000 in profit. Small bullion copper doesn’t make any sense, but in forms and quantity that are vital to local business it makes a great deal of sense. Especially if you have the space and means to store it. I recommend bright and shiny copper wire scrap to most people, but if you work in a specific industry that uses it for other things, then hoard that. I also did this with lead and sulfer. Everyone thought I was crazy, until I made a profit.
I get my copper for free. I work construction, you would not believe the amount of copper electricians throw away. I simply jump in the dumpster and pull it out. I up to about 3000lbs now. I bought a wire stripper and a forge to melt it into bars for storage
Adding this video to my "Community Classics" playlist. This video does an excellent job explaining the differences between copper and silver, and while there's more to copper than strictly from an investment standpoint...your key points are spot-on. Cheers! 😎
I don't think I would ever buy physical copper over silver. But I have thought about buying stock in copper mines/mining for basically what is explained in the video. Copper is cheap now, but it is going to go up.
I love the look of copper, I buy some every now and again to add a couple dollars to get free shipping on my silver orders. Just cool to have in my office.
I work in oilfield reclamation and save a lot of copper wire. I try to watch the scrap prices and sell it when it is high. Lately I have been thinking of saving it for several years and getting hundreds of pounds and see if its value will increase substantially during these uncertain economic times.
Great idea, brother! I am an electrician myself. I keep anything not bare/bright and use a 3kg electric furnace to melt the copper down into 1 kg ingots. It's a fun hobby and a possible storage of wealth for my kids. Keep stacking my friend!
I'm thinking of doing that with copper and aluminum I used to save it by the year but now I'm thinking of melting it down and saving IT for the kids to figure when I'm gone along with some hidden Silver slugs and bars and what not that's easy to tuck away and not be found till it's time for the wife to know
@Old scool cool die cast great idea! I will add that aluminum is great to melt because of the low melting point, but cost wise, it can cost more to melt if you are not doing large quantities at a time. Good luck though!, and Stay Stacked!
@@jordanpippin1705 good point and advice brother and same to you godbless
Not only will it increase, but the more pounds you have - say 100lbs VS 10 lbs is considerably different and the guy/girl who "bids" on what you're selling gives you a way better price for larger quantities than individuals of a couple of pounds. At 100 lbs Cu you're not an average dad & kids & you'll get closer to the spot, and if, you can get closer to 500 lbs, even 1,000 lbs - you'll get paid substantially more per pound than an average joe. The key is to know how much you have lbs, wire void of insulation is # 1 grade; #2 grade is with insulation and requirements can vary. Now, to bring it to fruition you don't go to the place you always did because they are close, a friend said, whatever, call every recycler (scrap yard) within a 10 or 20-mile radius of where you would travel; a 50 cent per pound difference- would definitely change how far you would drive. Call everyone listed and don't miss any because large or small, you are getting educated on how the whole system works. I live 18 miles from Tacoma and 29 from Seattle Washington and 500 miles? to Portland Oregon. The first time I had 500lbs plus of aluminum, I called that radius and learned so much, before I went, then I learned even more going to the place I chose. I had a 2-300 dollar difference in my aluminum which came out to about 7-800 lbs when weight was tallied. Tacoma was the highest price, and closest, portland I was sorry I paid for the call, but I'll never have to do that again, and every time I have a load, I also have 3 calls to whom pays the most at any one time for top $ and I have most in aluminum followed by copper, brass, bronze, lead and various other metals- stainless, etc., in weight. Also, TH-cam is a great resource and from it, I am going to start smelting my base metals for storage in the form of bars, so when I decide to sell I will have more secure storage, and more compact (garbage bags) to ingots. The reason being is the price will only go up for the next 25 years. I'm also appalled at the price metals brokers are charging for copper. Yes, a sucker is born every day and they are cashing in. I thought I would be able to buy 10 even 20-pound ingots of copper as an investment, but not so. Once I am up and smelting my ingots of various commodity metals, I will be able to sell them above spot as gifts, novelties, and even more as castings and such. Kinda my retirement plan, as more a hobby than anything, but it will make income. Watch TH-cam, there are hours of videos on every aspect of your resource, and you will not be disappointed.
You did an extremely great breakdown on the differences between silver and copper and I learned a lot about copper that I didn't know before! I feel that the premiums seem high for all undervalued and "cheap" metals. Many people think silver premiums are high, but gold premiums are reasonable. In my view, it's all relative. Premiums for cheaper and undervalued metals will always be higher. The price of that copper bar isn't just the production cost, but also the cost to ship as well! There is a floor price to have something shipped to your doorstep. Regardless, I think that everyone feels that silver and copper premiums are high now (when looking at the percentage) and they simultaneously find gold premiums to be reasonable (even though the dollar amount over spot is relatively high). However, as soon as the price of either copper or silver doubles or triples, the premiums will all of a sudden not seem so bad (yet the price of the metal, itself, will be 2-3x higher) and then everyone will all of a sudden feel comfortable buying it. Sure, it would take thousands of pounds of copper to equate to a much smaller amount of silver, but that doesn't mean we should never consider buying copper. By that same logic, some may argue that we should only stack gold and never stack silver because gold is far more compact. Yet others might take it a step further and suggest that simply being a palladium or rhodium maximalist is the way to go as it is an even more compact store of value than gold. Just my two cents! I don't stack copper for weight, but more as a collector. I think premiums are expectedly high, but certainly not indigestible given the extremely cheap price of copper. It's very hard to consider silver vs. copper as an investment for the same reason it's hard to compare silver vs. gold.
Agreed, which is why I pick through and save nickels and pre-1982 pennies
Why nickels?
@@mattfarus1 nickels are composed of 75% copper and 25% nickel. Like the penny, their melt value exceeds their face value.
I think I will wallpaper one wall of my 1/2 bathroom with the copper bars.
This actually proves the point that the real value of silver (and gold) are being artificially held down. Silver will skyrocket when SHTF and only precious metals are left as currency.
of course
Two of the most undervalued metals on the planet!!
They’ll never be worth much. They’re just fun to have for collecting and cheap enough that it’s no big deal to blow a few bucks on it.
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
I've recently purchased a Devil Forge furnace and I'll be making my own copper, brass and aluminum bars. The kids will get them along with their allowance.
When I first read this, I was like "that's a terrible idea. Have you never owned a penny? Goes all green and gross", but I watched the video, and starting looking into it and apparently it's actually quite resilient to corrosion, so kong as you keep it away from moisture.
I guess we just never took care of our pennies.
I bought 1 lb just to own one. Really cool bar with the element symbol on the front. Rest of the time is silver or gold geiger bars.
If it's a sure thing that copper will increase on value down the road then I'd buy some copper to have. Already saving scraps from work
I have seen another youtuber who has made a channel out of using his at home built kilm to melt down metals. He did one video with copper pennies, He concluded that the time it takes to sort out the pennies and the fuel it takes to melt them into a bar, and the time it takes to do the melting, just makes it not worth it. Your better off just working a min wage job instead. But it is kinda fun to do, and he put another bar on his shelf as a little part of his collection. They're pretty, basically.
Love the content, you did your homework, and it is well received by these two old guys here in the high desert of Southern California, thank you. Lance & Patrick.
Short answer is yes invest in copper
Last time I bought silver at my lcs I threw in a copper round. $4.99 for 25 cents worth of copper. I don't think I'm ever going to see that money again.
If you want to invest in small amounts of copper, buy common size copper water lines and electrical wiring. Both have more than doubled in price since covid lockdowns.
YES! You're right! XD Electrical wiring has gone up so much over the years. 😂
Yes, easy to buy, easy to sell. Almost no premium. All you need is a garage or basement to store it. And you can easily store tones of it.
Go scrapping! People throw away lots of copper in their dead electronics and old motors, etc. Plenty of scrapper videos on TH-cam show how to remove all the valuable metals from electronic devices
The time to invest in copper bars was 6-10 yrs ago when you bought a half pound or pound bar...you could pay 50 cents an oz.....now you are paying almost 80 to 90 cents per Oz plus shipping.....of couse...copper is heavy so it costs more to ship....unless you are buying $200 worth....I used to buy silver then tack on copper so I got free shipping.....but now copper is to expensive to invest in......in my opinion
Prove that money is just a imaginary number. 10 years ago people aim to be a millionaire, now its billionaire, 10 years from now, trillionaire.
I'm stacking old power cables, contacts, and electric motors/alternators when they happen to come a long. Cans as well. I think copper and aluminum is a grab it if it's near free and hold onto it until you have a couple hundred pounds to scrap then buy silver or gold.
I'd melt it into bars and stash it but the premiums on copper "bullion" are huge and it's abundant. Precious metals are precious because there rare.
Rarity doesn't always mean something would be expensive, for example bismuth metal is 4x more rare than silver in terms of total abundance but you can buy kilos for cheap
I love copper coins for collectibles like the Labors of Hercules, exc. The look is amazing and at a good cost.
scarcity is not the only variable. some ore is much harder to extract than others, processing costs can be a huge variable.
You are correct. I just bought a one-pound bar of copper to finish off an order so didn't have to pay shipping costs and as a novelty item to set in with the au and ag in our stacks. I probably have that weight as well in a few tubes of wheat pennies I've saved from change over the years that I also save for mostly novelty reason even though they are worth a few pennies, nickels or sometimes dollars each.
Copper could be a good investment
4-5 refrigerators is an odd way to measure that but it's cool nonetheless
I want a copper bullion cube just because they are cool looking. But picking through your change and picking up scrap is the best value wise. Pre 83 pennies are worth more than face value.
For me personally I bought some copper 1oz coins as collectors items, although copper has value and will continue to have value if you use it directly for your business or job then it might make sense. I don’t because it takes up too much space, same reason banks don’t generally hold silver. But I don’t think people are going to lose if they are holding copper, gold or silver I think they will all hold your wealth in their own ways. The other downside to copper is there’s so much of it laying around in dumps, cars, old buildings etc. much more available than silver and definitely gold. Not giving advice just my opinion. If you really don’t have much to spend on silver it might make sense to you in that way, or as in a end of world situation copper can help make change. The upside to copper is that you can go out in your spare time and collect much easier than you could mine gold/silver.
Copper is a part of my preps, not so much my portfolio. That could always change though.
Even though Copper isn't as great as holding Silver, or Gold, you cannot deny the fact that it will hold its value when any fiat currency plummets to zero. Smartest thing you can do, is don't compare its value to a declining dollar.
I collect scrap copper tubing from jobs. Then I melt it into 5 pound bars. Local shop owner said he'll trade me some bars for gold or silver. Good thing I have about 200 pounds of scrap sitting there ready for melt lol
I knew a guy who worked for a big electrician company. He worked in the wearhouse. Circa 2010 ish... He was always talking about layoffs looming do to copper wire shortages...
I have a couple of two kilo bars and they make great door stops👍
Many countries are still using copper in coins. During war copper price will spike exponentially as it’s needed to build weapons, bullets, missiles, war machines, electronics, etc.
no
go through world coins and you will see many are using alternative metals like zinc or even aluminum
I love all bullions and I think if you have the money laying around you should totally buy up copper bullion. Buy up all metals you can afford to buy up.
I work in oilfield and find tons of copper laying around on location, so I save it and smelt it when I’m home on break, into 1lb bars up to 10lb bars @ 4$ a lb by end of year I should have enough to buy couple oz of gold once taken to scrap yard
Love the shiny, pretty metal. I believe in the value of copper, although I obtain mine via pocket change culling and copper scrapping. Not a precious metal, but has always been a monetary metal. I believe it'll perform very well post US dollar collapse.
Yes, as it will play an important roll once again as change for silver coin after the People throw off their captivity and return to sound $$!
Silvers biggest problem is how much room it takes now people want to store copper not a good idea
This would make wonderful gifts and i would like a few pounds just to keep in a " little treasure box" collection.
Have lots of copper doing metal detecting for 30 yrs
Collect copper scrap. Melt copper scrap. Pour melted copper into mold. Cool ingot. Store ingot.
I like copper but in the form of mining stock. I stick to the larger cap ones offering a good dividend. Commodities in general are at lower value right now so a good time to buy.
Copper ore grades have been dropping on average across the globe for decades. As of 2005 to 2007, conventional oil production has peaked and is in decline, and all new oil extraction methods are far more energy intensive and therefore, have a much smaller EROI (Energy Return On Investment). So the ore grades for copper are dropping just as the sources of the fuel and energy needed to mine copper are dwindling. This sets Copper up nicely for a future of much higher prices over the next 70 or 80 years. Copper isn't nearly as rare as Silver because it's not supposed to be. It is a rare metal, or it wouldn't be a monetary metal. However, it's rarity can't be anywhere near that of Silver or Gold, or it wouldn't be able to function according to its monetary use or its industrial uses. Can you imagine trying to buy copper piping if it were 100 times more expensive? Can you imagine the impact that would have on the global economy? Copper isn't meant to be an investment, though you can certainly invest in it. Copper is one of 4 primary monetary metals with the least wealth storage density capacity. I follows Nickel, Silver, and Gold. While it can be an investment, one of its primary uses is as a monetary metal. However, as with Gold & Silver, using real or natural money as money has been jettisoned and therefore looked down upon by the elite for more than 100 years, which is why they've done all that they can to memory-hole the concept of metal as money for the masses. Copper is something to hold or collect passively, as part of a diversified stack of wealth held outside of the banking system. If you want to invest in Copper, then you should probably try buying Copper mining stocks or try gambling in the futures market for Copper. I wouldn't invest in Copper though. I would simply passively collect some reasonable amount, though it will or should represent only a tiny fraction of your overall stored purchasing power or wealth. Typically the best ways are to pull Copper out of electrical type wire that crosses your path, but an easier alternative method is simply to make a point of using physical paper cash on a regular basis, while keeping all of the pre-82 pennies that you come across, as well as any American nickels that you happen to receive back. Those coins are already formed into tiny discs of metal, ready for use as a medium of exchange. Silver is primarily a derivative metal, which is why it can be much more scarce but not necessarily match that scarcity with its price relative to Copper. There are many many primary Copper mines across the world, but there are very few primary Silver mines. Most Silver comes from operations that are mining things like Lead, Gold, or Copper. Again, the biggest problem with physical Copper being an investment is precisely thinking of it as an investment. It is NOT an investment. Copper is money and has secondary industrial uses. It can only be turned into a true "investment" through things like stock issuance in a Copper mine or an ETF, as you indicated. Physical Copper, like Nickel, Silver, and Gold is simply money that also has other ancillary uses. When one doesn't understand the nature of money or of the metals which constitute actual real or natural money, your chances of misunderstanding and therefore, becoming discouraged in the buying, holding, and selling of the metals increases dramatically. You want to be dollar-cost-averaging into the monetary metals, with an emphasis on Gold & Silver, if you want to preserve your wealth or purchasing power for the long-term. The more monetary metals you possess in the future, the better off you will ultimately be.
Couple of points. 1) a lot of copper gets recycled, not so much for silver. 2) most silver comes as a by product of mining for copper or gold, not many primary silver Mines any more
I dont buy copper, but I do stack it when I can salvage it for free, which in terms IS investing in copper as I'm getting it for free even though it is always worth something
Yes you should invest in Copper Bullion. (Hand-Poured Copper Bars). That is why we make them and sell them. That is also why we record it so that you know the Bars are 100% Pure!
Use the retail price for Copper wire or pipe as the current market value. Compare that to the scrap price. That is your margin.
Copper bullion is way over priced.
I'm a commercial HVAC tech. I have a pile of old copper tubing and pipe in the garage. I could melt it into a copper brick 😄
I do buy copper bullion coins but only to give out or leave with a tip at restaurants it's kinda my calling card . But for investment no its a loss on every ounce I buy
I invest in copper as a smaller value trade note. Like a dollar bill. silver is my big notes like 30s 150s and 300s. Gold starts at 300 for 1/10 oz (rough numbers) and goes. I imagine world of warcraft currency lmao
When I buy quite a bit of silver I try to get them to throw in a couple ounces of copper for free and they usually do.
Haw haw! Fill a room with high-premium copper! Find a buyer! Play stupid games, win stupid prizes! Your heirs will love dealing with that! The bulk of Silver is bad enough!
Just getting into this stuff thanks for being a straight shooter 😂 very well explained
Investing in metals can be a good thing but a word to the wise, when stuff really hits the fan for real the ONLY thing that will have any value will be food and water and people will kill for it. Food for thought (pun intended)...
I just save my pre-82 pennies. Good way to stack copper below spot price. :-)
I went mad 4 months back and bought about 300 ozs in various forms. Not sure if it's a good bet or not, but if you can, get it.
better to get pre 1982 pennies 95% copper and much less expensive than any other copper.
I save copper from work and melt it into bars. I keep it as a rainy day account.
I have given my grandkids copper rounds just because their neat and to learn about precious metals.
This is a great video. Great information.
It’s just copper but I like that I can buy a lot of it.
The only copper I save are the copper cents
What about those kitchen decorations you see hanging on the wall, they say those are made out off copper but they never change color like old copper does. They keep their color shiny, are they really 100% copper?
I square dance. I have 2 bolo ties one has a 1994 silver dollar and one has a one oz copper round penny. More people like and comment and like the copper than the silver, so I have fun with them.
What about Brass>
What about brass coins? 12 different U.S. presidents on them. My father passed and left a collection of an unfinished set w/ shrink wrap on them?
Copper is not stacked to make you money folks, no more than silver or gold. It has PLENTY of value since they insist we won't be driving gas cars in the future. It is used to store wealth also but no one wants it known. Why has copper been taken out of pennies? No one will get pre 82 pennies soon. You haven't noticed yet?
Copper like silver will be used in electrical everything in the short future..buy now make a couple of bucks in 10 to 20 years.. plus it looks cool
Great video
I like copper as a novelty. Also 1-2 copper rounds will always be worth something in trade. Paper Dollars would be worthless if we go Weimar.
Liked and subscribed fam!
I would buy rolls for roof panels
I scrap copper all the time. But i dont know if it would be worth it in fuel and material costs to melt it down instead of just taking it to the junkyard.
I was thinking if there's no paper money. Okay what about copper pennies they're like six cents do they go up as copper goes up?
Nice paperweight. Only kidding. A unique conversation starter and educational product.
I brought a 1 kilo bar as bookshelf item.
Haha so you're were my boss gets crappy gift ideas from! I'd prefer a copper bar over most of the stuff I've gotten
What about pre oct. 1982 u.s. cent pieces? Costs a devalued cent but is worth almost 3 cents
I just collect nickels. I hate sorting through the newer pennies, plus there is more copper in nickels versus pennies.
I bought some copper in the shape of coins because they look cool. 🤷♂️
I have a kg copper bar. It turned into different colors 😂
Found silver too
I purchased 500 coins @ $500... $1 per coin... and the VERY NEXT DAY... the sale ended and the version coins I purchased went up $1 per coin.... sold the coins @ THEIR rate and double my money. Made $500 in a day off of copper!
this is how you win with copper
To get money I’d say not worth it. Premiums are too high especially on rounds. It’s only $4-$5 a pound. Might be an ok thing to get a pound or 2 but that’s about it.
The only sensible way to stack silver is to collect scrap and pour your own bars. There's no guarantee of purity, but when the value of the metal is as low as copper, especially if you're getting it for salvage prices, purity can be the buyers problem.
giving a 4 dollar "paperweight" as a performance bonus. thats makes those cheap pizza parties look generous.
This guys been in management for a WHILE lmao
Just collect the circulated bronze pennies/cents at present.
Best way to invest in copper then paying ridiculous prices for copper bullion.
Got an ad that was essentially telling me to fuq peanut butter to make my junk grow.
Invest. I have Kilo’s and kilo’s of physical copper from removing copper pipes and replacing with new.
5:53 You could ask for the paper stock certificate, otherwise your leaving it on your brokers state street.
I do both
It's a good idea to have a couple because when someone finds your collection. They'll think "what kinda jackass collects fake valuables?". Then they will assume it's all fake and hopefully not take it anyways to start counter fitting.
Thank you!
that copper bar is not 1 troy ounce, that is 1 avoirdupois ounce, exactly 1.097x a troy ounce, or roughly 1.1x
Nice break down. Thanks!