The skyrocketing price of copper has apparently opened a whole new market in copper goods…copper bullions, copper art bars, copper rounds and copper ingots.
Although this is not something completely new, the way these products are being marketed and sold is completely overwhelming. I am seeing 1/4 ounce copper coins selling for a buck a piece on Ebay and 1 Pound copper art bars going for $10+!
This is hard to fathom, you would have to buy 64 of these copper coins to get one pound of copper, so at $1 each, it would cost you $64 for a pound. The current price for copper is around $4.25/lb, so $64/lb is a pretty good deal for the seller. Buying the copper art bars would be a little more better investment for a copper speculator, but at $10 a pound, you are still paying twice the current copper spot…
It seems to me that it is definately a good idea to start marketing copper bullion to collectors, but I am still not able to get my head around such a very volatile investment…
Maybe these people know something about the future value of copper? Who knows? But I could say that I would love to see copper at $10 a pound!
Post a Comment