Not Really Here
kiwifarms.net
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- Dec 17, 2019
Paper investments are never a good idea in a hyperinflation scenario, the government would just take your shit.
Copper Investment thread - The new gold?
- Thread starter Gone Ham
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- Joined
- Jan 3, 2017
Not Really Here
kiwifarms.net
- Joined
- Dec 17, 2019
Depends on how you buy it, but it's much harder to go door to door than erase paper.
- Joined
- Sep 5, 2016
Well if we hit that level of hyperinflation that's what my physical gold and silver are for. Paper copper investing would be more for a recession/depression scenario.
I just can't see stacking any amount of copper as being practical, unless it was worth a lot more.
I just can't see stacking any amount of copper as being practical, unless it was worth a lot more.
kc01
kiwifarms.net
- Joined
- Oct 6, 2020
>the copper investment thread
what are you, romanian? fucking lmao
what are you, romanian? fucking lmao
- Joined
- Jan 3, 2017
I mentioned RIO earlier and in recent news they will be opening a new copper mine in Arizona after the Biden administration announced they will allow the project to go through despite complaints from environmentalist groups and local native American groups. It's a shared project between RIO and BHP and is expected to produce 20 million tons of copper over 40 years.
www.mining.com
US Justice department backs land swap for Rio Tinto’s Arizona copper mine
The DOJ filed legal briefs to oppose claims by Apache and conservationist groups, which oppose the Resolution Copper mine.
www.mining.com
- Joined
- Mar 17, 2019
Rio Tinto, which is not 'Brazilian' but nominally 'British' and 'Australian', sets up new mines in third-world countries, heavily bribing local politicians and police forces to crush opposition, all the time. This isn't exactly news. Not to say that it's a bad investment, just a typical dodgy mining company.I mentioned RIO earlier and in recent news they will be opening a new copper mine in Arizona after the Biden administration announced they will allow the project to go through despite complaints from environmentalist groups and local native American groups. It's a shared project between RIO and BHP and is expected to produce 20 million tons of copper over 40 years.
US Justice department backs land swap for Rio Tinto’s Arizona copper mine
The DOJ filed legal briefs to oppose claims by Apache and conservationist groups, which oppose the Resolution Copper mine.
- Joined
- May 10, 2019
If shit hits the fan, the value of copper will plummet, as usage in industry and consumer goods are the biggest drivers of demand. In a SHTF scenario, that demand is obviously going to go down.
Don't buy it as a store of value or bartering tool.
Don't buy it as a store of value or bartering tool.
- Joined
- Jul 1, 2017
If I was in the market for a one kilo (or even a one pound) bar of copper, are those bricks of copper you can find on Amazon legit? Same thing with the ingots of lead/bullet alloy you can find online. Everyone brings up lead as another cheap metal to stack because of it's use in bullets (and fishing lures) so might as well bring it up.
The copper at least seems like a decent investment to me since it's like 50 bucks, makes a good/interesting paperweight, and copper is an antimicrobial so it's a good addition to washing your hands.
The copper at least seems like a decent investment to me since it's like 50 bucks, makes a good/interesting paperweight, and copper is an antimicrobial so it's a good addition to washing your hands.
- Joined
- Jul 25, 2020
I looked into 1 oz copper bars and rounds once as a literally societal-collapse-hedge with the idea that it would have immediate utility on the fury road. The premium is so high I got angry. Don’t buy copper.
- Joined
- Sep 16, 2020
Exactly. In a recession like the current one, precious metals and raw materials could be a good investment because of the expected surge in demand when production gets up to speed again. The whole problem with an actual SHTF situation is that the economy may not recover for decades. It takes an incurable fool to conflate those situations.
However, the feeling of being prepared for hardship appeals to a primal sense of security; this may actually be the kind of instinctual trigger that makes salvageable people stockpile realtree dildos and chinesium ingots just in case.
- Joined
- Jan 2, 2017
- Joined
- Sep 11, 2017
I can't believe no one has made a joke about bringing us back to the Bronze Age.
FYI - there's a reason we moved on to the Iron Age...
FYI - there's a reason we moved on to the Iron Age...
- Joined
- Jul 18, 2017
Even fences cannot stop a certain breed of person from doing their part to improve the gene pool.
