Monday, April 18, 2011
Using copper as barter
Gold and silver have traditionally been used as stores of value, but the problem with them is that they are so expensive they would just locked in a vault. Also, you could be convicted of terrorism if you use them as money.
What about copper? It is very attractive cheap and useful, and I doubt that the Secret Service has any interest in copper bullion.
As of today, you can buy a 1 kilo copper bar for $19.00 at Liberty Bell Bullion (spot price about $9.40 based on $4.30/lb). Here is one for $22.60 from Deadwood Gold. Ebay also sells copper bullion.
Anyways it is interesting to think about buying copper as a tangible physical investment.
Posted by Nathan Vanderhoofven at 6:39:00 AM