Monday, April 27, 2009
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.
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