Are copper bullion bars a good investment?

ummibaap

Hiya this is my first post and I am wanting to enquire about the investment of copper bullion bars.

Are these a sound investment?

Are they like gold, silver and platinum likely to go up?

Also what other precious cheap metals good to buy?

Any info would be greatly appreciated.

Thanks

Ummi

brit1234

I wouldn't bother with any other metal other than gold and silver. Then it has to be coins.

Gold Britannia's and sovereigns for the capital gains tax exemption and vat free.

Silver Britannia's for capital gain exception.

They should be a good hedge against inflation.

I believe the tax implications of copper would out weigh the benefits of rises, plus there are the issues of storage and who to sell to.

sabretoothtigger

If I was a plumber I might save in copper. Yes the price is likely to rise in a similar way but Im not sure its greatly reliable without any personal requirement by yourself.
You would be safer buying Australian dollars 12 months before you go on holiday or some limited speculation like that. Buy gold 12 months before marrying. Pay school fees five years in advance. None of them are normal investments, all partially valid

Copper has been a monetary metal at times. In china it has been stored recently as business security in deals especially construction but they have an underlying usage for it

Loughton_Monkey

Using a lot of cash to buy copper is extremely profitable.

Just ask Rebekah Wade.

Timingthemarket

Buying copper now is risky. http://futures.tradingcharts.com/chart/CP/M?anticache=1311470018
Limited upside and big downside.

Timingthemarket

I would short it soon instead. Via some inverse etf. Not sure if there is any though.

Edit: Now i know there is: http://etf.stock-encyclopedia.com/SCOP-LSE.html

chris_m

Loughton_Monkey wrote: »

Using a lot of cash to buy copper is extremely profitable.

Just ask Rebekah Wade.

Thought that was to buy coppers ?

:beer:

atush

Why hold the physical item? I would invest in Antofagasta if I wanted to trade copper. In fact I did once some years ago now (but sold my holding at a profit).

sabretoothtigger

I hold ANTO. They pay a pretty good dividend too

Mining companies are useful to the world, they make building and infrastructure cheaper and more possible.
Holding a lump of metal in your garage does not help anyone, though most think capitalism is the devil it is mostly based on mutual benefit in my opinion

Limited upside and big downside.

Considering the weakness of currency and sovereign debt (which largely makes up the gdp and trade of some western countries) the upside is unlimited


At worst currency will burn in your fireplace as useful as a bad cheque where as copper will always be wanted by someone, its been a universally useful metal for thousands of years ?

I hold shares in a company restarting a mine first created by the Roman empire :j

atush

Is that one of those roman gold mines in wales ;-) ?

Timingthemarket

sabretoothtigger wrote: »

Considering the weakness of currency and sovereign debt (which largely makes up the gdp and trade of some western countries) the upside is unlimited

Right now the upside is limited. Anything can happen but if governments can chose between deflation and hyperinflation they chose deflation.
Hyperinflation would not last but a collapse would follow and prices with that.