Wednesday, April 16, 2008

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.