Is copper going to be the new silver?
I am getting a lot of ads from the various bullion sellers that I've shopped with previously. I've bought a little gold and a lot of silver, both 90% coins and .999 silver rounds. Now they are all flogging copper as the next silver. They are selling a lot of copper 1 ounce (regular ounce, not troy) round for $1.79 or so and a lot of them are quite nice looking. I've picked up a few hundred and put them into my albums/coin pages/notebooks, and they make a very interesting looking display. I am picking up a lot of the Nativity Scene one ounce rounds to put in 2/2 along with a note saying Merry Christmas from the wife and I. They are different. I can slide them into a regular Christmas card to add a little heft and to make an interesting gift for friends.
So, the cost of 1 pound bars are going up. About twice the cost of the ones I bought last year.
Copper really isn't a "precious metal" but it is nice to have and to hoard. Do you think the price is going to continue to go up?
I also have bought a lot of lead but that is either in small pigs to melt for my lead soldiers and battlefield stuff, or in the form of bullets and if need be I can give them away (quickly propelled in the direction of the recipient).