Why Waste Time with Metal

I suppose some people are wondering why they should even waste their time putting a portion of thier investment money into metals. I'm not just talking copper, I am talking the precious metals like silver and gold. I definately do not believe that one should run out and put their whole retirement savings into the metals but I do believe a good 20% of your entire portfolio should be allocated towards metals. Silver is a very very underpriced precious metal in within the next 5-10 years will see a great increase in price. I would believe that $100+ per ounce by then is definately not out of the question. Gold, though much more expensive than silver, is also a very stable investment. Though I do not believe the returns on the gold market will be as high as those of the silver market, it is still wise to have a small portion of your investment allocated towards gold. And, finally, the infamous copper. This is an amazing investment since you can get it at half price by sorting through a few pennies a day and picking out the copper ones. You have nothing to lose with copper penny sorting besides the little time it takes you to sort. Nothing to lose and everything to gain.

Firing It All Back Up

Well it's time to fire up the copper hoarding blog again. Its been a busy few months and copper sorting was pushed to the back of my agenda but it has once again taken a spot in my daily routine. After this fall in copper, prices have began to turn around and head back up. This summer looks like it could bring prices at least in the $5.00 range, maybe even higher. The price will most likely dip back down again but not as low as it did this winter. Then eventually it will peak at a higher level. I believe it is still a wise idea to hold on to most of your hoard for now and see where the market is going. If a buyers market opens up again this summer like there was last summer, it is always good to sell a little of the hoard to fund more pennies. This way you actually build your hoard faster and with profits you made from the pennies. Don't see this price dip as a bad time, instead see it as a time to keep stockpilling the copper.