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Offlinechaos05
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Registered: 08/16/05
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Last seen: 1 year, 11 months
Selling copper to buy silver/gold
    #16294595 - 05/28/12 10:24 AM (11 years, 9 months ago)

Id be interested to get others opinion on this one.

Ive got around £4000 in copper stripped cables/transformers that is taking up too much space tbh. Im lucky enough to be in a trade where I can literally add to my copper collection each day (electrical manufacturer/wholesaler). Im actually at the point of thinking about buying unstripped copper off of electricians and cleaning it myself and then scrapping it to make a profit.

However I believe it could be worth my while scrapping what ive amassed so far (last two years collecting from repairs/rewires) and putting it into silver.

Copper I believe will continue to rise for a while, however im thinking it could be to time to make that change to silver (maybe some gold). Especially as in effect, its pure profit Ill be playing with.

Id be interested to hear anyones views, as im fairly new to this as ive only ever concentrated on copper for the last few years.

Also security is an issue, as I already had a stash of £1200 brass and £700 copper stolen at the beginning of my scrapping a couple of years ago.

Should I just continue to save Copper and watch the other markets or just take the plunge?

In effect Ill have about £5000 to invest overall.

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InvisibleStonehenge
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Re: Selling copper to buy silver/gold [Re: chaos05]
    #16296037 - 05/28/12 03:25 PM (11 years, 9 months ago)

Silver is at a low point from its earlier peaks so silver will be good. Copper is used in so many things it will go up too. The difference is you don't need as much room to store silver and even less for gold. Stripping the copper will be a job, perhaps you could employ someone to do it for you?


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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Offlineqman
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Registered: 12/06/06
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Re: Selling copper to buy silver/gold [Re: Stonehenge]
    #16297056 - 05/28/12 06:47 PM (11 years, 9 months ago)

Sell the copper and buy silver would be my play. Silver is real money, and will benefit more from the incoming shit storm in the financial markets. Copper is a industrial metal, and is not considered a monetary metal at the end of the day.

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Offlineiateshaggy
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Re: Selling copper to buy silver/gold [Re: qman]
    #16297658 - 05/28/12 08:34 PM (11 years, 9 months ago)



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You are a filipina sex goddess who wants to fuck me until I fall asleep, so then you can tickle my balls and see if the legend of my diamond filled nutsuck is true.  I am a white man from costa rica, who smells like lime jello.


I can flash/jtag/repair 360's, pm for details.

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OfflineCannashroom
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Re: Selling copper to buy silver/gold [Re: iateshaggy]
    #16299836 - 05/29/12 07:47 AM (11 years, 9 months ago)

Get some silver for sure!  It is running out in this world, and grab some cheap while you can.

That said, many similar things hold true for copper.  25 years from now, silver could easily be near 1000/oz and copper, maybe even close to $100/lb.


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"A human being is part of the whole, called by us 'Universe'; a part limited in time and space. He experiences himself, his thoughts and feelings as something separated from the rest -- a kind of optical delusion of his consciousness.

This delusion is a kind of prison for us, restricting us to our personal desires and affection for a few persons nearest us.

Our task must be to free ourselves from this prison by widening our circle of compassion to embrace all living creatures and the whole nature in its beauty.

Nobody is able to achieve this completely but striving for such achievement is, in itself, a part of the liberation and a foundation for inner security."

Albert Einstein

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Offlinechaos05
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Registered: 08/16/05
Posts: 290
Last seen: 1 year, 11 months
Re: Selling copper to buy silver/gold [Re: Cannashroom]
    #16317186 - 06/01/12 01:32 PM (11 years, 8 months ago)

Been looking into buying up some silver, however being in the UK makes it really costly with it being VAT chargeable now (20%). Makes it seem a lot less appealing unfortunately. This government really does suck!! :thumbdown:

Not sure what direction to go now aaarrrgghhh!

Edited by chaos05 (06/01/12 01:32 PM)

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InvisibleLunarEclipse
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Re: Selling copper to buy silver/gold [Re: chaos05]
    #16322575 - 06/02/12 05:20 PM (11 years, 8 months ago)

Quote:

chaos05 said:
Been looking into buying up some silver, however being in the UK makes it really costly with it being VAT chargeable now (20%). Makes it seem a lot less appealing unfortunately. This government really does suck!! :thumbdown:

Not sure what direction to go now aaarrrgghhh!




http://www.taxfreegold.co.uk/silver.html

Well google reveals you are wrong and that if you buy secondhand silver coins you can pay the 20% tax on the dealers margin therefore far less than 20% tax to you.  British Brittanias are beautiful very desirable and collectible.  If you can get them anywhere near the spot of silver get them!  Any year.


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Anxiety is what you make it.

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InvisibleStonehenge
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Re: Selling copper to buy silver/gold [Re: LunarEclipse]
    #16322601 - 06/02/12 05:25 PM (11 years, 8 months ago)

We forget how lucky we are over here that we don't get taxed to death like the socialist countries. Grab the precious metals while you can before the govt puts its greedy hand in it.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755

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InvisibleLunarEclipse
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Re: Selling copper to buy silver/gold [Re: Stonehenge]
    #16322678 - 06/02/12 05:46 PM (11 years, 8 months ago)

Quote:

Stonehenge said:
We forget how lucky we are over here that we don't get taxed to death like the socialist countries. Grab the precious metals while you can before the govt puts its greedy hand in it.




There is a plan in the U.S. attached to the health care legislation to account for any sale over $600 including silver and gold.


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Anxiety is what you make it.

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InvisibleStonehenge
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Re: Selling copper to buy silver/gold [Re: LunarEclipse]
    #16322830 - 06/02/12 06:21 PM (11 years, 8 months ago)

>There is a plan in the U.S. attached to the health care legislation to account for any sale over $600 including silver and gold.

Yes, the line between socialist and fascist is never clear. The health care bill was another govt grab of our rights. It falsely promised to lower health costs and cover everyone. No reputable economist believes that story. It will add another layer of inefficient bureaucracy driving up the cost of medical care which is sky high already and you will get your rationed care if you live long enough that your turn comes up. Plus as you noted, its full of other power grabbing tricks. Obummer lost my vote a while ago when he broke all his promises.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755

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Offlinetripp23
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Registered: 05/21/08
Posts: 4,030
Loc: Florida, US
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Re: Selling copper to buy silver/gold [Re: Stonehenge]
    #16338988 - 06/05/12 11:39 PM (11 years, 8 months ago)

invest in platinum.. its worth more!


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Experience my nightmarish first time of smoking Ganja!


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