How To Invest In Copper
Searching for tips on how to invest in copper? Copper is a great commodity to invest in now, due its future growth projection. The US geological Society predicts that copper will be no more by the year 2035. Below are the best ways to invest in this industrial metal.
- Collect pre-1982 copper pennies. The reason why this is such a good investment is because pre-1982 pennies are 95 percent copper. The current price for copper per pound is about $3.30. The price for a copper penny that is before 1982 is two cents, meaning that a penny made before 1982 is worth twice its face value. It is easy to get these pennies, since the average person doesn't know how much they are really worth. if you want to get them in bulk you can either order a lot of pennies from your bank and sort through them or you can buy bulk amounts from eBay.
- Buy gold bullion from online. Purchase gold bullion from online dealers. The prices for pure gold bullion on these sites are very reasonable. They are usually only a dollar above the spot price of gold at the time you purchase. Make sure to check the company out first, so that you know that the company is a legitimate business online.
- Buy shares of copper companies. You are investing in copper paper assets when you invest this way. This means you are investing in the due diligence of the company and not necessarily copper itself. You need to really understand the company you are investing with since this will be the key in whether your copper investment turns out to be a good one.