/biz/ - Business & Finance

>>57692743

>>56815016
I've stacked - not buying any more.

>>56198070
That's my take.
On the flip side... in my dozen years of stacking, copper has gone up a bit less than twice as much. Back then pound bars were $7.50 and kilos were $15. It seemed cheap, and there were commercial vendors were aplenty. Nowadays there are no real copper vendors - only garage melters and some individuals selling the bars they bought back then. Thing is, they now charge $20 or more for a pound! The gold and the copper I have are still worth more than when I bought. Silver has done nothing (granted, it was $37/ozt when I started), but I don't care. I love silver and buy it because there's so much more art in the silver world. I always preferred the look of silver too.

>>55298804
They're everywhere. Yesterday I was battling Keynesians on /v/ who were calling me an Austrian School of Economics cultist because I dared to promote the crack up boom situation that's coming. What was truly amazing when I was making the argument for real wealth like gold and silver, I really got them by the balls when I pointed out Keynesians think that they can get infinite economic growth out of a finite world. Not a single one of them argued with me that I was wrong, they only shouted insults at me from then on. These people really don't want precious metal stackers promoting alternative economies, because that spells the end for the thievery through USD inflation.

>>55220615
Kek... I bought into it a decade ago in the hopes it would moon someday.

>>54279084
>>54279265
Accumulating pennies has several drawbacks: one is, it's a slow process. Finding pre 1983 pennies requires a lot of seeking and sifting. The other drawback is, among the gigantic pile you need to accumulate, any buyer would have to satisfy himself that he's buying copper, not zinc. To do that, he'd have to check the dates on that pile - it's a daunting task. Third, in the US you open yourself to prosecution if you sell melted pennies as bullion. You would have to be ratted out, but it is what it is.

As for current price - it looks as though about $13/lb is going to be the best price you'll find for stamped bullion bars, in 10-lb sizes. They're not pretty, but they're not ugly wither, and stamped means it's easily clear what you're getting.

>>53778088
A little diversification...

>>52848879
Copper has indeed performed well for me over the past dozen years. The problems with it are the sheer mass you need to make any real money off of it, and then how to unload it when you need fiat to work with normies.

>>50320546
You have my attention.

>>49487739
The best way is if you have a source for free scrap. Alas, even electricians know to save their cut wires for scrapping, so it's hard to find.

Pennies are good, but kind of dead-end. You have to melt them yourself, as destroying pennies for their scrap value is outlawed (in the US) and therefore commercial smelters won't. If you do it yourself, it jacks the expense quite a bit.
https://www.youtube.com/watch?v=YPQDkKA4MLE

Next best: buy scrap or homemade bars from auction sites or yard sales.

Commercial bullion is now very expensive. But these bars are now selling for triple the price I paid for them. Will that trend continue? Dunno, but I have enough for now and haven't bought any for several years.