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Now, this is a nice bullion bar.

MesquiteMesquite Posts: 4,075 ✭✭✭
in Precious Metals
image. Currently on sale for about $200. (No affiliation)

image

There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
–John Adams, 1826

Comments

  • BigOrange13BigOrange13 Posts: 62
    i seriously considered buying one of those just because they're so darn cool! but the price is really crazy.
    Rick - coin guy
    image
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Thumbs down, big time.

    No interest even as a joke, which I am sure these are not meant to be.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • AgBloxAgBlox Posts: 744 ✭✭
    I had a 10 & 5 oz copper bar a year or so ago, Sold them on eBay. They went around $25 each. Ridiculous. I also had a few 1 oz copper bars I sold for $12 each
  • jmski52jmski52 Posts: 22,904 ✭✭✭✭✭
    I'm thinking that it would qualify in the "Copper for the Weekend" thread! But, 10 kilos? Of Copper? Dang!

    I really would like the idea of some decent-sized copper coins again - maybe about the size of a Large Cent. I could support that idea.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • gecko109gecko109 Posts: 8,231 ✭
    $200 for about $65 worth of metal? Not for me, although I have been involved with FAR worse ratios in the past!image
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    It's kind of funny - especially with the white gloves holding it. Obviously not a good investment so high over spot. But copper itself does have value, albeit not on the scale of PMs. I always set aside the copper pennies from circulation. I've got a plastic soda bottle that's filling up with them.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • PerryHallPerryHall Posts: 46,238 ✭✭✭✭✭
    Since when is copper considered bullion?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • RedHerringRedHerring Posts: 2,077 ✭

    I heard it's color is not guaranteed RD.








    image
  • calleochocalleocho Posts: 1,569 ✭✭
    the thing is that getting copper in real life is fairly expensive compared to spot.

    i am talking industrial compsumtion ...unless we are talking masive quantities you just cant get it that cheap. ( pure copper)
    "Women should be obscene and not heard. "
    Groucho Marx
  • fcfc Posts: 12,793 ✭✭✭


    << <i>the thing is that getting copper in real life is fairly expensive compared to spot.

    i am talking industrial compsumtion ...unless we are talking masive quantities you just cant get it that cheap. ( pure copper) >>



    i imagine if you know the right people, say an electrician or what not,
    you could buy their scraps for just a bit above what the local scrap yard
    pays. heck you could start a business doing that image

    so there are ways to acquire copper on the cheap. just do not expect
    bar forms... think wire.
  • MoneyLAMoneyLA Posts: 1,825 ✭
    now thats worth $200 of "oohs and aahs" from visitors to your home.

    who sells these?
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    You can find them on eBay. They also sell bronze bars. Bronze? WTF?

    For the same price as that bar, you can buy 3 rolls of silver dimes. The difference is that some people think it's better to have a whole lot of nothing rather than a little of something.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • MesquiteMesquite Posts: 4,075 ✭✭✭


    << <i>For the same price as that bar, you can buy 3 rolls of silver dimes. The difference is that some people think it's better to have a whole lot of nothing rather than a little of something. >>



    BTW, I agree with you completely. The 10 kilo copper bar looks great, would make a nice conversation piece, etc., but it is not worth $200, and not an investment IMHO.
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    You could always spray paint a bunch of them gold and sell them to the Chinese.....Wait, a minute I think something like thats already been tried. Nevermind. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • terribleredmonsterterribleredmonster Posts: 456 ✭


    << <i>

    << <i>the thing is that getting copper in real life is fairly expensive compared to spot.

    i am talking industrial compsumtion ...unless we are talking masive quantities you just cant get it that cheap. ( pure copper) >>



    i imagine if you know the right people, say an electrician or what not,
    you could buy their scraps for just a bit above what the local scrap yard
    pays. heck you could start a business doing that image

    so there are ways to acquire copper on the cheap. just do not expect
    bar forms... think wire. >>



    In the past I have made a few dollars doing this exact thing. My brother is an electrician. I have also torn down a couple of abandoned houses (at the owner's request of course) and got to keep the scrap as part of the deal. There's money in copper if you're willing to get dirty.
    "YOU SUCK!" Awarded by nankraut/renomedphys 6/13/13 - MadMarty dissents
  • MoneyLAMoneyLA Posts: 1,825 ✭
    About three years ago I was doing stories about copper scrap from renovations, tear downs, etc in LA. There is a long line of scrappers ahead of you in this town. Its a thriving business here.

    Other thriving copper businesses include stealing phone lines right out of manholes, electrical wiring from transmission lines, and high voltage copper wiring from city installations... usually with fatal results.

    edited to add: I forgot to mention other scrap metal which gets taken by scrappers including manhole covers. be careful driving on LA streets in the early morning -- you might be the first to discover where the scrappers have hit.
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    In Atlanta they are stripping the AC units of copper tubing on top of buildings.

    Thousands of dollar AC units ruined for $5-6 if that much worth of copper tubing.
    Avid collector of GSA's.
  • jimq112jimq112 Posts: 3,511 ✭✭✭
    Sadly we have seen locally a lot of early veterans' grave markers and flag holders being stolen and cashed in at the local scrap processor. The ones being stolen are from the civil war and WW1
    image
  • fcfc Posts: 12,793 ✭✭✭


    << <i>Sadly we have seen locally a lot of early veterans' grave markers and flag holders being stolen and cashed in at the local scrap processor. The ones being stolen are from the civil war and WW1 >>



    something tells me that local scrap processor will eventually be fined
    and jailed for knowingly taking in stolen goods. here in NH the scrap
    processors are very legit and will tell you to get the heck out if you
    bring in suspicious items.

    Maybe it helps that the two major ones in MHT, NH are across the street
    from the local jail :-)
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