Profit With Copper The New Gold

In todays market, the experts go on and on about gold and silver. Some still talk platinum and palladium, but the safe bet is to have at least 25% of your portfolio in gold. While I do agree with this I also believe we should keep an open mind. There is a lot of talk amongst non- experts that copper should be looked at very seriously. Yes, copper is the same metal as many of the pipes in your home and in pennies dated 1909- 1982 (97%).

How does this make sense? Lets break it down mathematically. If we had just $100 in pennies which equates to 1000 pennies, at todays price of copper which is 1.9217/ lb, the total melt value of these pennies would be $127.24.

So next time you take a penny out of your pocket or from your change and throw it on the ground, think twice. You are throwing away hundreds of dollars per year.