I've been talking a lot about copper bullion lately! In fact, I personally
consider Gold Why the number one resource for copper bullion on the Internet (although I am a bit biased). Most recently,
I uploaded two HD quality copper videos, the most recent additions to my new video series. You'll definitely want to check out my
large copper bullion bar video and also my
small copper bullion bar video. As you may have guessed,
today's question is all about copper bullion. However, it's very different from my other copper bullion topics here
at Gold Why. Today we're going to talk about investing in copper cookware!
©iStockphoto.com – kcline
Question: What do you think of buying copper cookware, or other usable goods that are made predominately of
precious or semi-precious metals?
Answer: I really like this question because it takes non-conventional investment vehicle (copper bullion) and makes
it even more non-conventional! My quick answer: I'm not a huge fan of copper cookware, copper pans, copper pipes, and other similar
items as investment vehicles. Why? There's really no liquid market for these (while there is, eBay, for two other alternatives
discussed below). Sure, you may be able to pick them up cheap, but there's really no value unless you can sell them to other investors.
Moreover, these items tend to be odd shapes, they're difficult to store, and they're difficult to transport in an emergency.
As a better alternative, I recommend hoarding pre-1982 copper pennies.
If you buy $25 boxes of pennies from your local bank and sort through
them (either manually or via penny sorting machine), you have a risk free way of accumulating copper bullion. The beauty of pennies:
They are compact, easy to store, well recognized, and can always be redeemed for their face value in the worst case. Another alternative:
Copper bullion bars. I offer a plethora of articles about copper bullion bars here on Gold Why and recommend checking out my review of
The Copper Cave and
Tacoma Copper as two great starting points. Copper bullion bars are
a compact and elegant way to invest in copper. That said,
copper bars can be expensive because they
are difficult to make and most manufacturers these days are "mom and pop" type operations. Personally, I collect both pre-1982
copper pennies and copper bullion bars. I find that this two-tiered strategy is the ideal way to collect and invest in copper
Copper Cookware May Make Sense If You Are A Mint
Now, putting everything above aside, let's say you have the ability to mint copper bars. Or, let's say you plan on doing so in the future.
This is the one case where it makes perfect sense to hoard copper cookware, copper pans, copper pipes, copper wire, and other scrap copper
bullion. On its own, this junk copper has little resale value for the reasons listed above. However, if you're able to take scrap and turn it
into beautiful bars, then we're talking about money. This could be the ideal strategy for creating value if you have a lot of time on your
hands (and the skill to make this happen). One warning: Starting a copper mint operation is not easy.
Let's Say You're a Gold, Silver, and Copper Bullion Fan
As a closing thought, let's say you're like me - you collect and invest in gold, silver, and copper bullion coins and bars. You believe in
the value of precious metals and the long term advantages precious metals offer any investor. Let's also say you're in the market for
some new pots and cookware. In this case, by all means go for copper! This might be one more fun way to enjoy one of your favorite metals,
in the day to day operations of your kitchen. Thanks again for your question, I sincerely appreciate it! Please keep the great questions coming!
Buy Copper Bullion On eBay
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