Copper Looks to the Sky

Last week copper broke the $4.00 per pound barrier only to fall a little below it the next day. It looks like copper broke this barrier once again today. It seems that there is no definate lid on the price of copper. Those pennies that you have been hoarding are now worth 2.6 cents for their copper content. Don't dump them yet though, I predict we'll see a lot more of a jump this summer. If anybody remembers what happened to the silver coins in the 60s then they will want to keep their copper for now. You couldn't make much money in 1965 from those silver coins but in 1980 you were kicking yourself if you didn't hold on to them. I believe that is what is going to happen with copper so hold onto your cents for now, and never stop hoarding.

Silver Falls Today

Silver fell over $1.00 today in what I would call a minor market correction. I still believe that the price of silver will rise significantly over the course of the next 3-5 years. I see this as a temporary opportunity to purchase more silver at a cheaper price. If one were to ask when they would sell their silver, I would say wait until it is at least 7-10 times what it is now as I believe it will no doubt hit that before it levels out. Silver is very very underpriced compared to gold and there will need to be a correction to balance this out. Gold is not going to fall enough to make that correction, therefore, silver will have to rise in value significantly before things are once again balanced. This is a terrific investment opportunity and I encourage people to jump on it. Also, keep up with the penny hoarding, as I can promise you 100% that you will not lose money with it, there is no possible way to.

Rebate Checks in 2008?

NEW YORK (CNNMoney.com) -- Congressional leaders and Bush administration officials agreed Thursday on a $150 billion stimulus measure aimed at keeping the economy from falling into recession.

Most single taxpayers would get $600 and most two-wage households would get at least $1,200. The deal includes an additional amount of $300 per child. A total of 116 million taxpayers will receive checks of some size.

The main exception: higher-income taxpayers or individuals earning $75,000 or more or couples earning $150,000 or more. They would get reduced rebate checks, or none at all, depending on their....

view entire story HERE

Metal Prices Fall

Well, it appears that the price of copper, nickel, and zinc are falling for the time being. At the posting of this article, copper was 3.115 per pound, nickel was 11.945 per pound, and zinc was .979 per pound. Remember not to let this deter you from your hoarding though as the prices are sure to go back up sometime in the future. A copper cent is still worth twice its face value and a nickel is still worth more than five cents. I predict that we can expect to see the prices begin to rise again as we enter the summer season and potentially soar and set new records for 2008. It is a good time to be hoarding before it becomes too popular, making it harder to hoard your copper and nickel.