I owned American Silver Eagles but I'm curious if I should diversify and get into copper bullion.
Well it isn't a bad idea, just some what worth less. In another sense, you could probably get as much out of buying lemons and opening a cool aid stand. It's worth as much as having a news paper stand. Technically, a person could pick cooper out of the garbage and go sell it to some one that buys cooper. Cooper is every where. You could also sell plumbing hardware, screws, nails etc.
The very cheapest way to invest in copper is to visit your bank and buy rolls of pennies. Sort through them and pick out those made before 1982. These will be 95% copper. Take the others back to the bank and repeat. Even if the economy gets much better and copper prices fall you won't lose your investment since they will still be worth a penny. It is currently against the law to melt down copper pennies. Copper ingots and bullion often sell for more than spot prices. Investing in ingots and other pure copper bullion will be costly compared to saving pennies. Pennies made in 1982 can be copper or mostly zinc. It is the year the government changed over to mostly zinc. If you have a small scale that weighs grams you can tell the difference easily. A copper penny will weigh around 3.11 grams.
The question you may want to look into is how are you going to get money when you want to cash your american silver eagles out
Diversifying your investments is always a good thing. Copper bullion coins and bars represent some of the least expensive ways to invest in metals. Due to many factors, copper has seen and continues to experience impressive growth. While industrial demand constitutes a clear majority of the demand for copper, more and more investors are turning to this Some investors also buy copper bullion and other commodities as a hedge against inflation, which is where a lot of the interest is coming from these days.
