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Copper Closes Wednesday 12/31/03 @ $1.0455/lb!!! Time To Sell Large Cents?

Started by gmarguli,

33 posts in this topic

jom

jom

Posted
Posted
If Hayden is your advisor make sure it isn't from a female cow gossip.gif

 

Uh...oh. I guess I need a new advisor. yeahok.gif

 

jom

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EZ_E

EZ_E

Posted
Posted
Personally, I think copper is soon headed to $50/lb. or more, with the weak dollar, increasing activity in industry and dwindling supplies, this looks to me like a perfect storm for copper! That is why I save all of my copper pennies in a bag in my closet. Sure, I may look dumb now paying a 25% premium over melt, but once it hits $2 a pound, I am sitting pretty!!!

 

Copper closed the 2005 year at $2.06 (a 42% increase during the year). You should be feeling pretty smart right now!

 

That is his job, literally.

 

Great title, Greg. Very witty with a double resurrection.

 

I guess that the mint still won't loose money on cents in 2009 since the bronze cents equivalent to the 1909 composition will be sold to collectors at a premium. The circulation strikes for the 4 Lincoln cent commems, I guess, will be copper plated zinc.

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