Copper and Platinum Outperform Gold and Silver?
Copper and Platinum outperform Gold and Silver.... BY A LOT!
Hearing about the sudden spike in the value of copper, I decided to do a little digging on how the metals have been reacting to world events over the last three months.
I was shocked to discover that between copper, silver, platinum and silver... platinum has performed the best over the last three months.
The shocker is that copper was not too far behind in terms of percentage value increase.
Silver did decently, but the one metal that everyone has their eyes on (gold) has not done much spectacular in terms of percentage growth.
Platinum is a War Metal
Platinum in particular is known as a war metal. When war is rumored or breaks out, platinum has a much increased demand.
Platinum is on the strategic materials list in several nations due to its critical use and limited geographic availability (especially South Africa and Russia).
And platinum is seen by some investors as a hedge during conflict, especially when war affects platinum-producing countries or supply chains.
Copper is a War Metal
This initial spike in copper value is directly related to tariffs on the metal, but it just accelerates an upwards trend over the last three months.
The first notable spike in copper price was all the way back to the civil war, when the US mint was experimenting with copper-nickel coinage that used only 88% copper.
Copper was in such demand during WW2 that copper rationing due to a massive spike in demand. The copper penny was replaced with steel for a few years to conserve copper for the war.
During the Korean War, copper prices surged over 30%. Again copper prices surged during the Vietnam war.
During the cold war, when another world war was looming, the US abandoned the copper penny all together, going to a copper-plated zinc penny, only containing 2.5% copper.
Just as a side-note: it takes $1.46 worth of copper pennies to make a pound of copper... which is currently worth $5.40. Just something worth pointing out.
Rooting for the Underdogs
Platinum and copper do not have the same appeal as gold or silver, but these metals contain much more potential for value gains. The values are not manipulated (like silver) or hoarded (like gold), but rather are consumed in electronics and technology and used for war.
The One Year Perspective
From a one-year perspective, it's clear that gold is the winner - but interestingly, platinum and copper are currently in the similar percentage increase.
Copper as an investment metal?
Platinum as an investment metal?
Eyes on.
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I'm sticking to what is tried and true gold and silver because of their history as money.
But I do have 11 grams of platinum as a gift from a late friend.
!HUG
Beautiful platinum piece! Wow, what a generous gift from your friend, I'm sorry for their passing. Something PRECIOUS to remember them by. !BBH
I like Copper Pennies, which will be worth much more than the Melt Value of Copper…. If the Reset happened today a Pound of Copper would be Reset to about $0.0450 in“Electronic” Coinage… A pound of Copper Pennies would be worth much more…
How much will a pound of copper be worth in terms of grocery shopping carts? !BBH
One pound of Copper will have the same Value as 4 or 5 boxes of Mac and Cheese, 5 Cents in Silver Certificates or 5 Cents in Electronic Coinage…
Really nice run up of Copper and Platinum, it looks good on LasseCash.
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Agree! !BBH
That's so interesting that they're outperforming gold. I think that all of these metals will strongly increase in price over the next few years, so acquiring them would be a very good idea. 😁 🙏 💚 ✨ 🤙
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Yes, I think we're going to be shocked. !BBH
I definitely agree with that! I think we're going to be shocked by a great many things. 😁 🙏 💚 ✨ 🤙
!ALIVE
!BBH
It's going to be a wild ride. !BBH
You got that right, my friend. I pray that it goes as easefully as possible. 😁 🙏 💚 ✨ 🤙
!ALIVE
!BBH
Yes, copper is a very good electrical conductor !INDEED. 🤔🤯 @tydynrain also agrees with that you said! 😆😅 !WEIRD !HOPE !PIZZA
Bzzzzz !BBH
Looks like you were having some electrical experiments using copper that time! 🤔🔌💡🤣😂 !WEIRD !INDEED !HOPE !PIZZA
Maybe you would stack on tokenized versions of copper and platinum if they are available here on Hive (on #HiveEngine)! 🤔🤯🤯😅
!WEIRD !INDEED !HOPE !PIZZA
I'd likely stack, or more probably leverage, any version of tokenized precious metal. 😁 🙏 💚 ✨ 🤙
!HOPE
!INDEED
!PIZZA
!WEIRD
If such tokenized versions of precious metals become a trend here on Hive, every (precious) metal might have its own tokenized version here (on #HiveEngine)! 🤔🤯😆😎
!WEIRD !INDEED !HOPE !PIZZA
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Thank you !BBH
The future tells more
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The future is now. !BBH
It would be !WEIRD to say though that "the future is yesterday" !INDEED. 🤔🤯😅 !PIZZA !HUG
The future was in 1925... we've come full-circle back to the primal days. !BBH
Do you mean that the "future" was exactly 100 years ago? 🤔🤯🤯😅 !WEIRD !INDEED !HOPE !HUG
Copper is a highly valued metal in countries like COLOMBIA, in fact there are very organized mafias, so much so that they send people from the street to steal copper from public wiring and more,It is a problem that has become too big for the authorities, it is something that the news often says
Wow the METAL MAFIA sounds like a garage band! We had a coper thief cause havoc when they raided the copper from a water pump system that runs under an interstate bridge - there was a big rain that flooded under the bridge and blocked traffic for a whole day, since the pump wasn't operational.
Now if anyone wants to SCRAP copper over a certain amount, they have to show ID and get fingerprinted and wait 3 days for payment. All because of copper thieves! I wonder what would happen if copper went to $30/lb ???
!BBH
If someone wants to scrap copper without presenting ID, getting taken biometrics, and waiting for payment, then he/she will just take a portion of the copper which will be noticeably below the threshold for verification. 🤔🤯🤓 !WEIRD !LOLZ
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Yes, people will cash in small amounts of copper every visit. If they have a lot, it'll take years... but at least no fingerprints. !BBH
Maybe they would just then ask other people to cash in copper too, so that the "years" become "months", and even "days" if there are a lot of people to do that. 🤔🤯🤓 !WEIRD !INDEED !HOPE !PIZZA
Knowing the value of precious metals is very important to know how to collect and save on it, I loved everything you said about it.
I should buy more platinum coins, !LOL
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