Is Copper A Good Investment?

In this video I answer the question - is copper a good investment.
I analyze it from the angle of copper bullion coins being sold online as well as saving copper pennies.
Be sure to watch the entire video to find out if copper is the next silver.
Links to data sources:
Apmex Copper Bullion Link
www.apmex.com/...
Copper Price Chart
www.tradingvie...
Silver Price Chart
www.tradingvie...
#copper #investing #preciousmetals

[@roymadison5686]

"IF" we were to go back to a gold silver monetary system we would need copper and nickle to "make change". So if you are " stacking"......stack "some change ".

[@clintforsythe260]

The world is going back to precious metals to back currency around the world as we speak. All the metals will soar. Mark my word.

[@iamwinklebottom]

Ty. I agree…

[@thesecondsilvereich7828]

Won't work now the populations are to big and wit technology now it would be to easy to counterfeit

[@Terryjonesholehunter]

Just don't buy it to stack it. Keep scrap

[@littleredpony6868]

Coin roll hunting for the pre 82 pennies might be worth it if you got the time

[@invictusunum4808]

I have probably 40 or 50 copper rounds of various designs. I don't buy them as any kind of investment. I know they will never be worth that much. I just think they are really cool!

[@kyleteague3903]

Same I just started buying them because they’re cheap, they’ll still hold value, and honestly they’re really cool. Not because I hope they’re going to jump up a lot in value. Also if SHTF you could still use it to barter with, I’d rather give away my pretty copper bars, or even aluminum vs my silver and gold. Even with silver I buy different size coins/bars grains, grams, 1oz, 5oz etc. so I have different values to trade if I only have 1oz coins I’d have to trade a whole oz for a can of beans vs maybe only a few grains.

[@CaptainRadack]

Sorry mate, I don't agree with you. 2 reasons 1, some copper coins are worth a for fortune. So it it wise to save copper coins. 2, Copper at points in time will always go up. You're worried about weight. Grow stronger. That's from the 13 th warrior.

[@baldguymoneyofficial]

I won’t stop you from stacking copper.

[@CaptainRadack]

@@baldguymoneyofficial Thank you for your kind reply!

[@pierredubord]

Thank you this was very insightful. I stack silver primarily but do have some copper because of the available designs and the beauty of this red metal.

[@kbchicks9978]

Thank you for clearing up my copper conundrum!!

[@johntracy72]

I've saved up a little over $26 in copper pennies so far. I've been rolling them up as I go and have filled a penny box. I've also been saving nickels. I have 21 rolls which is $42. Their metallic value is about 7 or 8 cents. Even the zinc pennies are worth nearly face value and were over face value for a few weeks. I have over $50 worth of zinc pennies. Regardless of what happens to the price of zinc, copper and nickel, the coins will retain face value so that means I have $125 in nickels and pennies no matter what.

[@richardpatterson4312]

No, the gave value is decreasing at a rate of 7-15%per year due to inflation.

[@TXLionHeart]

@@richardpatterson4312 Yes, but the value of his metal is unlikely to decrease at that rate

[@GNelke]

That's why UK went with steel coins. Their money lost value until the metal content of the coins was worth more than the denominated value.

[@dirkfrazier9779]

@@TXLionHeart Base metals lead, zinc, aluminum, copper, tin, and a few more will fluctuate in price, but over time will only increase in value, it is a finite resource that costs more to mine the deeper we have to dig it up, the cost goes up, and if people keeping making more baby's then deaths each year the less of it per person there is to go around.

[@TXLionHeart]

@@dirkfrazier9779 Yes, unless one of those babies invents a way to mine it cheaper, or finds a cheaper alternative to using that commodity

[@robertfritchey3139]

It reminds me of a true story I read out of the book think and grow rich by Nepolian Hill. This is a true Story. Called six feet from the gold vein. About a man who owned a gold mine. He knew there was gold in that mine. And every day he would work that mine and toil, trying to find that gold vein. But the more he worked and toiled. The more he thought about it. The more he wanted to quit. Then one day he told himself that there is nothing here. I'm going to sell this mine..so he sold the worthless mine just to get rid of it. The new owner got to work right away. He even brought in a mining technition. And found out when the former owner quit he was only six feet from the gold vein. The new owner hit the gold vein and became a millionaire. This former owner gave up too soon when he was only six feet from the gold vein. This could be compared to our lives. Where is that gold vein. That' eighty pounds of pennies you have in your safe might contain an actual gold vein of wealth in there somewhere. I have heard of men. Way back in the 1920 era and beyond. Who had oil Wells on their land. Even before the Automobile or Airplane was invented. Oil at that time was not really worth much..but they held on to the oil Wells saying some day this is going to pay off. People would laugh at them and tell them how rediculous they were..but the day came when oil became a valuable commody and they became millionaires. And people used to laugh at them..I will be 66 years young on November 8 2022. I remember a lot of things from the 1960 era. Things these young whipper snappers will never know. When I die slot of information will go to the grave with me. The only thing I could tell you, is keep going..never give up no matter what. Quitters never win, and winners never quit. Isn't that so Lish?

[@JoeAcosta]

All commodities will rise including copper

[@baldguymoneyofficial]

Please keep in mind that I am talking about bullion coins in this video. All the best!

[@hendrixsun9372]

Definitely

[@davidhamtaro]

Years ago, I bought 1kg copper bars/ ingots (not coins) as hedge against inflation, it has gone up significantly now.. Although its heavy, its good to keep some to diversify metal investment. The price of copper bars has gone up about double to triple so i’ve made some profit which is nice :)

[@baldguymoneyofficial]

Great for you David! If you can get it at spot price and can store it - more power to you!

[@silverbarstacker]

@@baldguymoneyofficial he never said he bought for around spot ;) And I'm willing to bet he didn't, lol. Those who whine or wait on the sidelines because of a small premium for handling heavy metals are laughable to me. Keep stacking David!

[@bradclark2922]

For many years, 10 copper pennies had an equal value to a silver dime. Think about that. Also, a 1-ounce pure copper round requires much more time and effort to produce, resulting in a higher value than industrial copper, that is priced lower because it is sold by the ton, in very large ingots. In 2007, the spot price on copper was a little over $3.00 per pound, today it is a little over $4.00 per pound, even though the money supply is more than 3.5 times greater. Copper demand has been increasing, while production has been decreasing.

[@baldguymoneyofficial]

I think we sometimes make too much of older pegs. I don’t expect the silver to gold ratio to go under 60 any time soon - for example.

[@ronskancke1489]

Not true. The slowdown in China has knocked the price all to hell.

[@galvinstanley3235]

​@@baldguymoneyofficialkzbin.info/www/bejne/oIHCpWSipJWNnaMsi=6u22bGiX18bLDimW

[@bobsacamano7653]

I don't invest in copper bullion since here in the US you can still find copper pennies and buy copper cents for significantly lower price. Just recently I bought 70 lbs of copper cents for $180. This comes out to being about $2.60 a pound. Copper price right now is $4.50 a pound.

[@STFOURNARIS]

I remember few years back thinking why not so i picked several 1oz rounds at a Dollar each.

[@baldguymoneyofficial]

That must have been many years back.

[@bobsacamano7653]

I use the weight for exercise.

[@seemev2.0phuckbootube78]

There's some very valuable pennies out there that collectors pay for. There are 82 copper pennies because when they switched over they accidentally left the copper blanks in. Error pennies are selling for a lot of money, but finding them can take forever. I love copper because it's everywhere and still is worth collecting. It's hard for me to rid of any metal I know is worth a paycheck. It doesn't take much for pounds to start adding up, but I also have plenty of room for storage. Some might not have that opportunity.

[@ericw3517]

I think that I would make a further distinction between base metals (Al, Fe, Pb and others) and semi-precious metals such as Cu, Ni and Sn. These do typically have higher value than other non-precious metals, and in the case of Cu and Ni have a long history of monetary usage.

[@TDK2K]

Copper is the next silver. May not make sense to buy copper bullion but there's nothing to lose with collecting old copper pennies.

[@silverman5707]

I save my aluminum cans. Some states offer.05 a can.

[@baldguymoneyofficial]

Michigan offers 10!

[@soulkitchendenver]

Copper has 97% of the conductivity of silver - so if & when the SHTF & silver goes to its true value - copper will do quite well for its industrial & monetary use. 🚀📈

[@chrism5086]

What's the future of copper mining? We seem to be entering an age of scarcity. Is it possible even base metals are going to jump?

[@baldguymoneyofficial]

Hi Chris - it is certainly possible for base metals to increase in price. In fact, I expect them to! That said, copper rounds are not the way to invest in base metals because of the massive markup.

[@galvinstanley3235]

Yes,electrification of cars,wind turbines,etc..is going to turn copper a non precious metal,into a precious metal on the market,because of lack of mining in time for the different things we need.

[@BRUCEvenkman2]

Thank you for the lesson in copper. I was going to purchase some copper bullion, And came across your video prior to doing so.

[@ProsperInHealth]

As the "Empire of Lies" burns the world to the ground to prevent De-dollarization, copper prices will increase dramatically due to its use in projectiles. Start acquiring Cu as cheaply as you can (Copper cents).

[@mattclark6482]

You're exactly right, right up until hyperinflation hits, then all of a sudden copper is going to be a lot more interesting

[@baldguymoneyofficial]

We shall see.

[@bendzunasglass2063]

The value of copper cents is not in the copper value but in the collectors value. The wheat cents have already been horded. Next is the copper cents.

[@baldguymoneyofficial]

That's fair.

[@DanielRuizVideos]

Keep a handful of pre 1982 Pennie’s for SHTF purposes

[@jay-by1se]

in a financial collapse, copper is actually incredibly valuable so is nickel. bronze even more valuable.

[@baldguymoneyofficial]

Thanks for watching. My question to you is - who is it valuable for?

[@jessewatkins6151]

Stack mostly wheat cents, that can be done at almost face value even now if you do it right now. Get a 20 dollar bill go to your bank and ask for 40 rolls of pennies, pull out the wheats then replace them with trash pennies and take them back to get you 20 dollar bill back, them repeat, you can do that with 100 bucks or whatever you have. Then stack those, then when you have enough of those then cherry pick the good ones and sell the rest to a coin shop, maybe for 2 cents a piece, hell even 1.5 cents a piece, once you have done that over time take the profits and buy an ounce of silver with it, thats called basicly free silver, you can also do this with kennedy halfs at your bank and maybe get a 1964 with 90% silver, or later dates i think up to 67 at 40%, for "free" silver, for sure way less than spot

[@uttersqueeze]

I have started buying silver and gold in the past year. I also picked up a couple 1 kilo copper bars JUUUUUUST in case something unforeseen happens with copper in the future. You just never know. 🧐 Love your videos, btw.

[@baldguymoneyofficial]

Thanks Ryan! Wishing you success ahead.

[@ReflectiveMetal]

I never huts to have a few bars of copper

[@JustADumbConstructionWorker]

I have a few copper .45 ACP Bullets. Being that I work construction, I collect copper wire. I’m currently on a job that I’ve collected over 1,000 pounds. I have the space to store it and the patience to hold it. Most likely, I’ll wait till my boys are old enough to be able to strip the insulation and go scrap it. But I agree, copper definitely takes up a lot of space and weighs a lot. Silver is almost as bad. Great video!

[@baldguymoneyofficial]

Thanks Greg! Glad you enjoyed it.

[@timothylongmore7325]

Same here but saving for my retirement. I'm also saving copper pennies and nickles. Picking change mostly but pick up rolls now and then. Being a self owned contractor I deal in cash as much as possible too. More change. Haven't bought silver in several years. Not since I broke the stock market.

[@livesimply_]

I actually get angry when I see online bullion dealers promoting copper. So unethical. If you want to stack copper, stack copper bullets.

[@capcad]

There are 2 major types of copper videos on KZbin; copper folks enjoying their hobby and silver/gold stackers making their opinion known about copper. I enjoy listening to people talk about their hobbies and showing their new additions. I'll keep buying silver and we should allow the copper folk their enjoyment.

[@stephensulzer1384]

I bought 10 pound bar of copper to use as door stop

[@baldguymoneyofficial]

Interesting.

[@jamiljamil2441]

I was recently reading that because of the use of copper in electric cars the copper demand will put reach reserves over the next few years

[@baldguymoneyofficial]

Could be - I would buy copper futures if that was something I wanted to take advantage of - not physical copper for 700% markup.

[@walthill7091]

I collect copper wire and sell for scrap and it has been very profitable

[@baldguymoneyofficial]

That's great! I am not saying you can't make money on copper - I am just saying the rounds that dealers sell online are a ripoff!

[@Robert31352]

Before the Colonies broke off from the England, it was actually illegal for gold from England to be sent to the new world by order of the king. The daily coinage used in the Colonies as well as Canada was silver and copper coin. Now that is not to say that English gold did not make it over to the new world, but it was illegal contraband. It was the shortage of coin that started the printing of paper money as far back as the 1600's in Massachusetts. Yep, fiat money.

[@joanpepe5454]

Could you do a similar episode on titanium? Your thoughts on stacking titanium? Thanks

[@baldguymoneyofficial]

That’s a pretty niche topic. Are there many titanium stackers?

[@Rippin-Rich]

It takes 180lbs of copper to build a tesla.

[@baldguymoneyofficial]

Thank you very much for commenting. I did not know that - I will look into it. Maybe consider buying paper copper from an exchange if you think it still has some upside. That is at least sold at a fair price. Cheers!

[@MOONGOONJOON]

NO

[@chrislynch8128]

I definitely agree there’s no point in buying copper rounds, coins, or bars unless you’re doing it just to have a few cool pieces. However I do have a stash of pre-82 pennies. It costs me nothing other than sifting through my pocket change and tossing them in a ziploc bag. If pennies are ever discontinued at some point, hey, I’ll have some bulk copper to scrap which in turn I can buy more silver with. If that never happens, well I just have some big bags of pennies. Love all your videos!

[@baldguymoneyofficial]

Thanks for commenting Chris - sorry I am only getting to your comment now. Wishing you a great day!

[@startingfromnothing387]

Still new here

[@thousandaireradio3199]

When I cash in my change I only cash in the quarters and dimes. I keep the Pennies(pre 1982) and nickels.

[@neilsmith5353]

..I've always collected copper..but not coins..wire and piping..never steal it but find bits at work cleaning houses..the only coins I save are the copper 2p and 1 p ..

[@trt7408]

I have a friend who started his coin shop in 64 buying at face value at the bank. "They" laughed at him. Copper will be the same. Cheers.

[@baldguymoneyofficial]

Cheers.

[@metacoppercoin5292]

#goldistreasure #silverismoney #copperisthethirdmonetarymetal

[@tonydowling5410]

I’m sorry but i think ur wrong copper is the 2nd best conductor of electricity new cars will have 4 times more copper in them plus the change station and since sliver will run out about 2035 -2050 copper will be the next best thing I just got a 6 kg bar of copper off someone in my town for $180 I know of people that are willing to pay 6 times that price I’ve watched a lot of your other videos and I think ur spot on with most of them but it’s good to hear both sides of a ‘investment’

[@baldguymoneyofficial]

Hi Tony - thank you for commenting. I want to be careful in my reply because I don't want you to get the impression that I am trying to put you down or criticize you - I am not! I also want to thank you for commenting. What I will say about investing and your recent copper purchase is this: 1. If you found this video in a search to confirm that your most recent purchase of copper was a good purchase - then I am sorry you had to find this after the fact. Luckily $180 probably won't change your life so I would say you just bought a $180 lesson in investing. 2. The worst thing you can do in investing is use your emotion - especially when it is based on factually incorrect information like "silver will run out by 2050". The fact is that supply will certainly become crunched over the next 5 years due to growing demand but mines won't be depleted until closer to 2240 according to many estimates - so unless you intend on living for another 220 years I don't think you'll live to see this. 3. The last point I want to make is that 1kg of copper costs about $10 - so your 6kg bar that you just paid $180 for is only really worth $60. In making that purchase I would try to apply a little logic and ask myself "would I pay $70 for a 1 oz. silver Eagle?" or "would I pay $5700 for a 1 oz. gold eagle?" - if the answer to those questions is no, than I think you should reconsider buying more copper for 3X the spot price no matter what you believe the future of copper is. The reason is because you can likely find it way cheaper - and I would personally avoid doing business with the person who sold you the copper ever again. I know this may all sound a bit harsh - but I put a lot of time into preparing this response not as a way to embarrass you, but to help educate you. What you do with your money is your own business. I just hope you will consider this if you read it. Thank you!

[@tonydowling5410]

@@baldguymoneyofficial $10 for a kg of copper please let me know where I could buy 1 kg of copper I’ve never even seen it that low that most copper coins are about $5-10 per oz in new zealand where I live and I think there is 33 oz in a kg

[@tonydowling5410]

I just checked on eBay 1 kg of copper gos for about $70-$100

[@baldguymoneyofficial]

Hi Tony - thanks for responding. The point of this video was to point out to people that copper bullion was an invention by bullion dealers to make money. Please use google to find industrial suppliers of copper. They can even be found on Alibaba. These types of sellers sell much closer to the real price. I sincerely care about every person that decides to click on my videos - I hate seeing people be the victim of scams or bad deals. If you believe in copper then please look to buy from industrial suppliers and store it. Buying copper bullion is not a good deal.

[@tonydowling5410]

And if you ask goggle when we will run of sliver u will see it’s not that far away

[@TRSWOODWORKING]

Copper coins are beautiful though and that's the appeal. If cash goes away like many expect it to, I expect the coper coins to be worth way more than 2.00 each. If I can get a loaf of bread for a copper coin, I'll be happy.

[@baldguymoneyofficial]

I will be releasing a new video that touches on this topic today.

[@mickeyhonker8758]

i am a new investor and i have bought some copper bars for there beaty. i have bought some gold dollars. i,m mainly into silver. your videos are awesome.. this is a hobby for me and an investment in my daughters future

[@baldguymoneyofficial]

Very nice! Thanks for sharing your story.

[@phoenixmichaels]

Base metal yes. This is a marketing ploy, getting buyers to feel they can afford SOMETHING. On top of that, copper rounds and bars are very pretty... they look like they're valuable! Pure copper IS a beautiful metal, VERY attractive looking. But consider: even if you somehow anticipated copper DOUBLING in value in the near future, and were somehow able to buy it at market value ( .35 cents or so an ounce) rather than super inflated hyped/coin/bar value, the amount you would have to have is unmanageable. Many of us experience storage problems with SILVER. You would have to fill your garage with copper to make a substantial gain. Start PM stacking with silver, and move towards gold if possible.

[@baldguymoneyofficial]

Agreed!

[@jeancasola9340]

Collecting copper pennies is a good idea for a couple of reasons. People of all ages need something to do other than sit in front of the TV or computer. many people have a lot of time on their hands and you your self said these pennies are worth about 2 1/2 cents each. Just remember, doing anything other than crime and drugs are always worth doing in life. T.

[@baldguymoneyofficial]

Ok. I’ll give you that. I like exercising - health is wealth!

[@demarcocantrellDD]

There are copper pennies and believe it or not "zinc" pennies worth way more than silver coins and bullion put together...plus copper is a healing metal and will be used for blockchain technology, new energy, and electric cars

[@baldguymoneyofficial]

There are some positive points to copper that will drive price increases in the future - I just wouldn't stack it. Thanks for watching DeMarco.

[@demarcocantrellDD]

@@baldguymoneyofficial I agree & your welcome sir 🤝

[@Bobster986]

Yeah, I have my house stacked with copper, basement to ceiling. It’s called plumbing. 😂

[@baldguymoneyofficial]

Good call!

[@faxbullog8361]

I hope silver is the next copper

[@baldguymoneyofficial]

Haha. I see what you did there.

[@stoplookingformyname3721]

I have a question. What about the idea of an economic collapse or a banking failure? Then copper Oz or 5 G bars might be good to have in a barter scenario

[@baldguymoneyofficial]

hi! Thanks for your question and please allow me to respectfully disagree, and I will explain why. Copper is first and foremost an industrial metal - what industry will someone be engaged in that will want to trade you anything for copper knowing that they will have difficulty passing it on? Let's say you have food - and there is a shortage - will you accept copper as payment? Or will you prefer to accept gold and silver? I simply don't see copper fulfilling that role over gold and silver. I hope that explains it.

[@stoplookingformyname3721]

@@baldguymoneyofficial I see your point.

[@nikolayvakrilov6068]

Copper is usually measured in regular OZ due to its base metal status. Not an expert myself, but 1 coin of 1.99$ should even be a worse deal..

[@JohnSmith-zw8vp]

Whenever I've CRHed boxes/cases of pennies I keep aside 1981 and earlier and have them (with Memorials and Wheaties in separate containers of course!) in containers! Sure it's only a micro-investment at best but as long as get the pennies at face value I can't lose, right?

[@karltaylor5643]

Copper isn't as good as I 1st thought. You need a lot of copper to make it worth messing with. Like a full truck load of copper. That's a lot of weight and storage space. I'm sticking with gold and silver.

[@baldguymoneyofficial]

Glad you came to that realization.

[@ArtificialGabber]

Best exposure to copper are mining and processing stocks. The metal it self is not worth the hassle

[@baldguymoneyofficial]

Agreed!!

[@bdud8694]

I’ve got 55 lbs of pre 1990 pennies. But most are pre 1982. My 96 year old mother collected them throughout their 68 years of marriage. I like looking through them and wondering how many places it’s been too!

[@christophermccormick8670]

I do appreciate your videos. Cheers🥃

[@baldguymoneyofficial]

Thanks Chris! I always appreciate seeing you in the comments and the kind words you've shared in the 2is1 Discord. I hope you have an awesome day!

[@CyrusOfNaias]

I agree that Copper is not for investing. But it is technically a store of wealth, albeit not very efficient. I like having various bars and rounds for fun. Especially since I don't plan on buying kilo bars of Silver, let alone Gold, but for fairly cheap I can have 5lb copper ingots

[@shannonphillips9634]

But what if society fails. Wouldn’t it be valuable then?

[@baldguymoneyofficial]

I’m not sure copper will play a role in that in any way. I would guess that it will not.

[@mainemountainman3743]

What about barter as a use for copper pennies in the apocalyptic future?

[@baldguymoneyofficial]

The first question would have to be - what are the odds our lives will look like Mad Max vs. 1984. I would say there is a higher chance of a 1984-style world vs. Mad Max. The second question is - why would base metals be used as currency since they have usually only been used when backed by an organized government structure in history. I am not trying to say your concerns are unfounded - but we have to stay realistic. Humans are organizing now more than ever because of technology - that technology is not going away. Many KZbinrs like to fantasize about the end of the world and make a lot of money talking about it. As a prepper - I prep for realistic emergencies - and base metals do not have a place in that prep.

[@startingfromnothing387]

Thanks for the info

[@ThePeterDislikeShow]

What do you think of strategic metals? E.g., bismuth, tellurium, and the lanthenoid metals?

[@baldguymoneyofficial]

I wouldn't own any of them physically.

[@ThePeterDislikeShow]

@@baldguymoneyofficial Why not?

[@baldguymoneyofficial]

Because the big companies that need them won’t call me up and offer me money for them. They have contracts with mining companies. It’s not the same as gold and silver.

[@terencejamesmusic4126]

Thank you.

[@baldguymoneyofficial]

You are very welcome.

[@elistar7225]

I agree but I'm not sure if you made the distinction that unlike gold and silver, copper rounds come in avoirdupois ounces, not troy ounces. That makes the current sell price around .80 cents per round at the time I'm posting this. Apmex currently charges $3.00 per round to buy but you can easily find half that price from other dealers. To your point then, you'd be buying copper at $1.50 that's actually only worth .80 cents. Now, if only we could find a good crystal ball...

[@baldguymoneyofficial]

You can buy pure industrial copper at or near spot. Why mess around with the bullion?

[@WalkmanYT]

Thanks for saving me money

[@harryzero1566]

Please don't get sucked in to stacking copper in coin or bar form that requires reprocessing into a useful format. Copper will always be defined as a base metal. If copper appeals to you, buy it in ready to use form, ie. Electric cables or plumbing tubes. In this format it needs no processing and you can undercut retail or even wholesale prices. Also if you buy the appropriate fixing and fittings, you could charge a small premium over those retail and wholesale prices. I've seen scrap copper refined into bars and ingots using a huge amount of energy resulting in a product that need a further process to make it into something useful. In short, if I had a secure storage facility I would be into copper direct from wholesale plumbing and electrical suppliers.

[@baldguymoneyofficial]

Exactly my point - in fact, I have been thinking about doing a follow up to this to show what kind of copper actually makes sense to have and store. What do you think about a follow up like that?

[@harryzero1566]

@@baldguymoneyofficial It would be an excellent idea, copper in usable formats can be stored in loft, lock ups and the various types of fixtures and fittings can be purchased in bulk. ALSO, a lot of scrap copper can be found for free, what better way to sell and buy more tubes and cables to add to your stack.

[@baldguymoneyofficial]

I actually did some research when doing this video to see how cheap I could buy copper wire and cylinders online. I was surprised how easy it is and how cheap it is. I will share those findings if I get some extra time.

[@michaelwhisman]

I get my copper for free. People throw away good copper wire and pipes.

[@harryzero1566]

@@michaelwhisman me too, never go past a skip without a quick once over.

[@thelasvegaskid]

If copper continues to rise, pre 82 could be worth the hold. It’s free money.

[@baldguymoneyofficial]

It’s just not worth enough for me to invest any of my time and resources. If you fish in lakes with small fish, that’s all you can expect to catch. I like to catch big fish! All the best.

[@thelasvegaskid]

@@baldguymoneyofficial if you look at it that way, just saying holding pre 82 Pennies, could be a easy way to add some copper To the portfolio.

[@roymadison5686]

"buy low sell high" or buy when no one is buying and sell when everyone is buying ......WHO THE HELL IS BUYING COPPER AND NICKLE COINS ??? ( almost nobody)

[@clintforsythe260]

Yep... Im a contrarian therefore I'm buying copper. I'm bullish.

[@georgetindall6125]

before you make another copper video do your research.on supply and demand and grades.also the history of it and shortages.and if you dont know why premiums are higher on copper bullion is because it is a extremly tough metal to convert to bullion the process takes longer.for that fact if it became a trading society what would you trade for a loaf of bread an ounce of gold silver or copper?let alone the majority of people aree poor or poverity on this planet so it isnt like they are going to be able to make change for silver or gold. this is why copper is ideal and the best one of all it also has more applications then gold and silver.the value isnt today where you are going to make the money it is down the road. they dont have enough copper now to go all electric vehicles one reasonj they are going to quit making the penny you should read up on that to.also read up on how much copper it takes to make all electric vehicles and build all these charging stations with.also read up on why a steel penny was made.better yet buy just gold and silver and then someone ask you for copper cause they need it for what gold and silver can not do then you can watch how much money you miss out on.to make it easy no one goes to the mini mart with all 100 and all 50 dollar bills they use lower denominations.so if gold was your 100 and silver was your 50 then copper would be like a 20.oh and by the way because the premiums on copper are high when the metal goes up they get even higher.

[@baldguymoneyofficial]

Well, that's a lot to take in and if you want to offer up some sources of information that you think are reputable I would be more than happy to check them out. That said, the documented reason for countries which have stopped producing pennies (eg. Canada) is because the production cost exceeded the value of the coin - even though copper is no longer used in pennies ;) So I think you may have a few facts confused here. That said I wish you all the best!

[@kenderosa8528]

Agreed BGM copper is not worth consideration unless the copper includes some black powder and a primer. Ammo in the USA was the new gold. A 25 cent bullet turned into $1. It was starting to ease but now inflation is halting the drop in price

[@YoungWolf22]

What about copper bars?

[@baldguymoneyofficial]

It's not very concentrated wealth and harder to sell than silver. I would give a hard pass.

[@petelove9731]

Hi everyone. Don’t buy copper bullion BUT collect copper wire where ever you can. People selling 1kg bars for £18-20 even £30 on eBay is just a waste of money, BUT find scrap copper wire and strip it. I have just over 90kg in stripped copper wire from electrical equipment, circuit boards, microwave etc. if it’s free it’s worth it. Good luck.

[@baldguymoneyofficial]

YES!!!! Exactly my point. Not that I buy copper wire - or industrial copper pipes or anything like that but these copper rounds are a major rip off!

[@petelove9731]

@@baldguymoneyofficial Indeed mate. Great video to add. The rounds and small bars have a kinda interest in just collecting them and I have a few copper rounds and they are pretty but what you have said is important. There is a German company selling these 1kg bars that serial numbers on and made to look like silver and gold. They call them investment bars😂. We both know copper will never reach £30,40,50 or dollars per kg. Good work mate.

[@andrewridewood614]

That is a very similar story to the UK's pennies and two pence coins. I save them only if I get them in change, just for fun. Seriously, thanks for another great presentation.

[@ayupmeduck5708]

When the 2p and 1p in the change is intrinsically worth more than the £note used to purchase an item. A mild passive income stream, perhaps. Our earlier copper coins are 97% copper. Also worth separating early 10p and 5p coins as they're 75% copper.

[@galvinstanley3235]

kzbin.info/www/bejne/oIHCpWSipJWNnaMsi=UrWIZRpR8V_4InuL

[@CuSTACKS]

I have 3tons worth of copper its very well worth it. One small room holds it and Cooper will rise to $8pound

[@baldguymoneyofficial]

Fingers crossed for you. My point is that buying copper bullion rounds is not worth it. Thanks for watching!

[@Treebronx]

I'm behind you they ain't going to see it coming

[@rowenantunes]

what about the global copper shortage?

[@baldguymoneyofficial]

The price of copper will almost certainly go up - I don't doubt that. This video is to say that stacking these copper products is a rip off or waste of time. Much better ways to make money and avoid paying 700% more than something is actually worth today. Just want to make that clear.

[@Schoolshorts456]

Is investing in copper bullion worth it.

[@baldguymoneyofficial]

Nope.

[@Blackplumber333]

Can you do a video on goldbacks. I heard 28 states are accepting gold and silver as currency

[@baldguymoneyofficial]

Here you go: kzbin.info/www/bejne/eJiako2bo75_p9E

[@stephanecome4234]

I have recently bought some 1 oz copper coins from SD Bullion as they were on sale. Not for investment, and not for collecting. I'm making some capacitive touch sensor light switches mixed wood from my property and embed these coins (or bars in the future). This makes for some very pretty contraptions. Might make a vid on how to build them. Yeah,. the premiums on these coins are insane, but $1.49 after adding all the other electronic components is just a drop in the bucket. Pennies were not as nice for such a project.

[@Spiritual_Dad1-9]

I'm not a mathematician, but when you buy something for $1.85 each, and only get $.80 back for it, I call that a scam. Even gold/silver to make money is bullsh*t. I bought over $1000 worth of gold, silver and copper. Since I bought it gold has gone up over $450. Silver has gone up about $12, and copper at least $1.50-$2. If I were to sell it all right now I'd still be out over $300. I can only imagine how much it would need to go up before I actually make anything off it. The only thing I bought that would get me more than I paid is the junk silver. Not the clean, shiny shit. The junk. Want to make money off copper? Go scraping. If I invested in anything else & it went up almost $500 I would have made some good money. Just like stocks, crypto and anything else you invest in, the only way to make money is to be wealthy with connections to cheap as hell prices. I'm so sick of hearing about how copper is a great investment. The price of copper is about $4.50 now, I bought it for $1.85, bought $120 worth, and I'll get back $48. Not sure where that's a good thing? That's like always hearing people talk about stop-liss. They seemed more concerned with selling low than anything else. I was always under the impression that you want to buy low & sell high. I guess that's for regular joes to lose money. Apparently, there's a secret that only rich people know that involves buying at high prices & selling dirt cheap to make a killing. Luckily I bought it for when the SHTF because doing it for money is pointless.

[@baldguymoneyofficial]

I’m sorry you had a bad experience. Buying physical copper is not something I would ever do. When it comes to gold and silver - sounds like you may have overpaid. Wishing you all the best!

[@wesleyt4109]

I stack pennies to the ceiling

[@baldguymoneyofficial]

Hehe.. How's that working out for you?

[@daleraines220]

I’m like you. I love to collect American coins regardless of value. It makes wonder where they have been and who might have held them at one time.

[@patrickharrington9772]

Love finding a wheat penny or an amazing indian head.

[@tbjtbj4786]

Penny's and nickels are good for holding some value and weight down a safe. A layer or 4 of nickels and Penny's do weight down a bit.

[@businessaccount1752]

Can we agree on some historical math and get your reflections? In the 1920s I could trade 2,000 Lincoln pennies with 2.95g of copper each for one $20 gold double eagle with 30.09g of gold. So 5,909g of copper could be traded for 30.09g of gold; a ratio of 196:1. If you run the numbers on Roman History you get 494:1: In the Roman system, 1 gold aureus = 25 of the silver denarius = 400 of the copper as. The aureus weighed 8.09 grams of gold, the denarius weighed 3.9 grams of silver under Augustus, and the as weighed about 10 grams of copper under Augustus. But today I get a ratio of over 6,000:1 assuming about 1 cent for a gram of copper and $1,955 for 31.1 grams (toz) of gold. My conclusion is that when copper is recognized as money it is far more valuable than when reduced to an industrial metal alone. So if it is recognized as money again it will be more valuable again…..

[@baldguymoneyofficial]

Hi Business Account - thanks for a great and thought provoking comment. For the most part your math is correct as it refers to the history of valuing copper in the use of currency. There is one small correction to be made however and that is an As during the reign of Augustus would have been made of bronze. Now, in assessing the value of copper I think total discovered amount is a very important metric to take into consideration so here is a bit more math for you: To date 2.8 Billion metric tons of copper have been discovered. There are about 35 000 ounces in a metric ton. In contrast, about 3 billion ounces of silver have been discovered. Would be thrilled to know what your thoughts are on that. Cheers!

[@businessaccount1752]

@@baldguymoneyofficial I know a lot of people like to use the mined totals or discovered totals to imply the "real monetary ratio". I don't think it works and here is why; copper's industrial use is far higher than coppers monetary use. Less so with silver but still more industrial than monetary use. And moving down the spectrum we get to gold with more monetary use than industrial use. So why does it matter? Yes, there is far more copper but also far more non monetary demand for copper. So I think looking at supply without considering demand is flawed. This mix of industrial use and monetary use makes it difficult to know what the true monetary ratio should be. But it's interesting to contrast what we have historically come up with and compare it to what has happened to the values under a fiat system.

[@TXLionHeart]

I like the way he says "boolyawn"

[@KraKra-Ah]

Personally I only buy silver because I like to have the same as the gold ones what is the real investment. Silver still will be more worth in the long run. Honestly the premium is too high on silver in The Netherlands where I reside. Still I would love to have the copper coins as well just like I like to have fake coins. It is a collection... It is good to have fake coins as well so you can spot fakes more easily... 😅

[@feboogi]

Why does a kg bar cost 100$ and contains only 25$ worth of copper ?

[@baldguymoneyofficial]

That's called a rip off.

[@Supermanrs]

I have a few copper rounds but I only got them because they have cool designs on them. And they are great fidget items. Not to mention they can be used kind of as a worry stone or something like that. Maybe even a good luck charm. 2 of my rounds are 2nd amendment related. And I have a do not tread on me round. And my last one has a cool dragon on it. But again I got them for the designs not to resell them.

[@MikeSears-m4h]

Copper is the next gold.

[@baldguymoneyofficial]

Haha I don’t think so but I wish you all the best!

[@fpostolache]

What about titanium ?

[@baldguymoneyofficial]

I will answer this question in an upcoming video.

[@fpostolache]

@@baldguymoneyofficial👍

[@jeffdurling2167]

at this time i agree with overall market valuation silver vs. copper from investment standpoint.however purchasing a few "cool" looking copper rounds as novelty items imo is ok who knows with the current global aggression situation 6/26/2024 perhaps those copper rounds worse case scenario are barter ready for needed goods in another reality.

[@moderndaypirate8931]

I purchased a few fun pieces but copper adds up quick. Plus the weight makes it tough to exchange.

[@baldguymoneyofficial]

Thanks for watching and commenting.

[@raymonde.russelljr4139]

Very informative. Thank you sir.

[@baldguymoneyofficial]

You're very welcome Raymond. Thanks for watching and commenting.

[@MegaReception1]

I got 300 pds. of copper scrap as a dooms day bargaining chip.

[@baldguymoneyofficial]

Thank you for watching. I am not trying it be rude, I just want to ask have you thought about who you would bargain with and why they would need copper?

[@Shaunbungard-buchanan-oq4vw]

@baldmoneyguy copper is an eltric conductor all electronics destroyed in war leads to supply shortage especially ww3 also is gaining popularity in electro culture you should look into electro culture it could be a smoking gun like ww3

[@kutaboveperfection]

Copper is the next silver that’s why it is recycled because of the huge demand and supply it will continue to go up during the electrification green movement.

[@baldguymoneyofficial]

Thanks for watching kutabove - maybe I should do a video on diamonds? Just kidding of course. Sure - copper is needed more and more no doubt but there is a heck of a lot more copper than silver - and that fact matters dearly. Thank you for watching. All the best to you.

[@deadcrow6888]

Silver is considered to be the best conductor of electric. Is not used as much as copper, I'd assume because it would make appliances and consumer goods to expensive. However if you watched this on a phone I bet your holding onto some silver and possibly some gold.

[@TimothyWhittingtonYeOldeRufus]

Thanks

[@baldguymoneyofficial]

Hi Tim - thanks for watching!

[@ronskancke1489]

Copper rounds are ridiculously priced. Copper would need to more than tripple in price to ever break even which we all know will not happen in our lifetime.

[@baldguymoneyofficial]

Exactly. That’s what I try to tell people. But just look at some of the comments - they don’t care.

[@jakeoutdoors9600]

For anyone on a budget, forget copper rounds and fractional pervious metals. Meaning don't but 1/50th oz of gold. Even if it is just $5 a week you can save that is ok. Save up your money, go somewhere reputable and buy 1oz silver piece. Verify the place is reputable. Again verify the place is reputable. Right now 1oz pieces of .999 silver are just under $30. So in a month and a half at $5 per week you can start stacking.

[@baldguymoneyofficial]

That's solid - I can agree with that.

[@woodguy76]

I sell about 250-300 pounds of scrap copper every week. Every scrapper in the world knows that copper bars are a big grift. But someone must be buying them or they wouldn't stock them. I do save pre-82 pennies. LoL

[@baldguymoneyofficial]

That’s awesome man. I respect the hustle!

[@woodguy76]

@@baldguymoneyofficial thank for that and for the info. I just found you today and I'm enjoying your videos when I should be out working. I like your "no advice" take on your videos.

[@zombiechow9974]

i know this is a old video but if you want copper at its spot price your gonna have to buy 25,000 pounds worth for one contract. so spot really isnt a practical way to measure a product price for rounds or bars.

[@baldguymoneyofficial]

I agree. I researched it a while ago. These copper rounds were and still are a rip off. Dealers taking advantage of the financially illiterate.

[@senseihitmanwayofkempo8305]

Im n old school coin collector i keep all the change i recv 4 that rainy day n 2 sort thru... dad taught me 2 do it i sorted his change for him it a cool hobby that can pay