blind drunk wrote:Poor man's gold, but not not for long ... .
Metals are going through the roof. It speaks to our US dollar and our economy.
Although copper is not a precious metal, It is still a
base metal and prices will adjust to the current world market demand and the strength of your respective country’s currency.
The US dollar is shrinking in value every day. The US inflation index does not even include what the price of oil does to inflation.
Sadly, I am not optimistic about our US economy. The more dollars we print to pay for wars and social programs the less they are worth.
My bank pays less than one percent on balances in my savings account. I leave it in checking.
As my cash money sits there it looses value.
Each day, it’s worth less, it’s worth less, then its WORTHLESS.!
The only hedge against devaluing dollar and inflation is metal. Silver, Gold , Even Copper! You don’t have to take my word for it. It is a historical fact!
My son put a foot in my ass a year ago about buying precious metals.
I buy silver because it is cheaper than gold and is below the historical average of Gold to Silver.
I have tripled the money I invested a year ago. Doubled the money I invested six months ago.
The price of silver dropped $4 over the weekend with that strengthening of the US dollar based on the great news that we killed a terrorist.
I scraped together a few hundreds bucks and I bought silver again today.
STILL BUILDERS, buy as much copper as you can afford. The price is not going down…..