/biz/ - Business & Finance

i just love stacking copper.... serious weight for a fraction of price of silver/gold. and so pretty. just bought 10 more from ebay at 27euros / kg. could get straight from geiger mint at 26, but for some reason they dont ship outside germany anymore. and apmex sells these at 79 dollars in us. why is copper so expensive in the states?

granted, copper is not that easy to resell (yet), but im prepared to hodl 20+ years. (1 tesla car uses 100kg of copper....) premiums are high yes, but if you think about it, it costs the same to refine copper as it costs to refine gold / silver, so actually premiums are pretty reasonable, i think. like this 1 kg copper for 27 euros, and the base metal price is 8,50. so the premium for 1 kg copper bar is 18.5 euros. premium for 1 kg silver bar is about 150 euros. premium for 1 kg gold bar is 2000 euros. .. i like going H E A V Y