Copper is not considered a precious metal
but should it be
Copper
While not being considered a precious metal, it does have value. Most of coppers value is based off of the industrial uses. The need for copper is still in a very high demand, with a fixed supply. Could this be an investment worth looking at.
It is still sold in bullion form.
Coppers value
Historicaly copper is priced by the pound and not the oz. copper hit its high back in 2011, trading around $4.50 a pound and has been as low as .50cents a pound.
Currently it is trading at $2.91 a pound, 3 months ago it was at $2.45. Now that may not sound like much, but it has been going up daily. When silver and gold got smaked down last week, copper was up.
THIS MAY BE SOMETHING WORTH WATCHING
Should you buy Copper
My opinion is this, while it is not consider a preious metal, I do believe there is an opportunity for investment. With it still being considerably low in price, there could be some room for some positive gains.
Copper's all time high was in the same year that gold and silver saw there all time high.
will it follow gold and silver again?
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Upvotes and comments are welcomed.