should i invest in copper bars or silver? why? and why is scrap copper cheap but bars expensive? if i sell the bar will it sell for scrap price or bar price?
Copper isn't assayed. Scrap copper is cheap because it is just that, scrap. It would include copper wire (covered in PVC). Also lots of different types of copper alloy.Like Beryllium Copper which gives off Arsenic when melted. You probably wouldn't invest in physical copper because you would need so much of the stuff. I am guessing but a tonne of copper is about $1400 isn't it?
The good thing about investing in copper mainly because it's FREE pre 1982 pennies are 95% copper (post-82 are only 2.5% cu), I wouldn't recommend someone to invest their money in copper bullion (bars, rounds) because they're too expensive, the manufacture + premium price is at least 3 times its melt value, neither is scrap copper unless you found them for free. You can already get an instant return when you hoard pre 1982 pennies because their melt value is $0.02 when you can actually just pick it up from the ground! THAT'S 200% INSTANT RETURN when the face value is just $0.01! Don't worry about the US Mint's interim rule (melting, exporting coins) because soon the dollar will be devalued (inflation) and all cents will be debased, demonetize and remove from circulation like what happened to the silver dollars and junk silvers (You know they can't keep making these coins at a loss when their melt value is greater than its face value). But don't just focus on copper, diversify your portfolio, put some gold, silver, palladium, heck throw in some uranium..just kidding.
i think of silver is a greater defend investment than gold, for the explanation that silver has useful makes use of. Gold is a organic wager that the financial technique will tank, which does not look to be going on. Of direction if there have been a considerable terrorist attack or new middle east conflict, this is going to be best-maximum suitable to be keeping some gold, besides the undeniable fact that this is now no longer the variety of wager I prefer to make. i ought to evaluate finding silver, besides the undeniable fact that, if the fee was proper.
