Copper consumption

[eagames]

With all the need for copper and rising prices even though it's not exactly legal to melt cents they'll be at risk for the metals market. Only zincolns are safe from poaching.


http://www.bloomberg.com/news/2010-11-02/china-seen-using-more-copper-than-world-produces-now-with-yang-s-new-stove.html

[Dick]

Hi Ed!
I have to go along with China, and their policy of "MINDING THEIR OWN COUNTRY"S D*** BUSINESS"!
That is why we are in trouble now: We don't.

This country thinks that all citizens of other countries have to enjoy the freedoms we enjoy. NOT!

If the folks in the other countrys want a change, the place to start is at home!

I'm a proud American,and Served my country for 20 years, but at the same time, very disgusted with the general policy.
Bunch of "Busy-Bodies"!

[eagames]

Hey Dick,

Yes it's a shame.
Our "leaders" are so busy minding everyone elses business that ours is left to wither.

It's sad to say but true, the gov in China is focused on growing their economy while ours is focused on getting re-elected and what the lobbyists will give them.

In any case it looks like that copper is in demand, I don't know if it will keep up or their growth will bubble and burst. Now at least I know why everyone is hoarding coppers.

[Dick]

Ed, that is very true. It is also why the $300.00 that I cashed in were all zincs.

[coppercoins]

For a while after copper hit its high back in September of 2009 it fell steeply in value, back down to around $2 per pound. It has been on the rise consistently since that fall. It is nearing record levels again. The one thing I find really interesting is that the reserve level has dropped consistently since the latest rise began, but the overall reserve level is still much higher than the price would historically indicate. I'm not sure whether the rise is actually because of low levels (which do not appear to be the case) or because of the Obamanation we are currently in. I do know that this has a lot to do with the price of gold, and that gold is nearing record levels again here in the U.S., but the world market doesn't indicate this rise.

Basically the dollar is tanking, buying power is way down, thus prices are way up...for us. I doubt the Chinese see this same rise in value for metals.

I'm not a professional nor do I claim to be a financial analyst, but I can tell there's something fishy going on.

[fiddle-fart]

The end of America as we once knew her.

There is, or half to be, or going to be a MAJOR collapse of the American economy.
It cannot sustain the current spending, borrowing that is going on right now.
It does not matter who is in the office or what direction it takes, unfortanately the steps have already been taken and the course has been laid. Only a very large miracle can stop this..

with gold prices at $ 1396.00 an oz.
and silver prices at $26.00 an oz.
and copper prices at $3.93 a lb.
I doubt the market can support these price. it may go a little bit more, but not much more.

But to boil it down to 1 word, GREED will lead us down the road of ruin.

Like Chuck said
"I'm not a professional nor do I claim to be a financial analyst, but I can tell there's something fishy going on."

[coppercoins]

$700 billion in money created from thin air and given to be wasted by the bulldogs of the capitalist regime that took over the better interest of the government years ago...

If that's not an economic meltdown, I don't know what is.

We are simply still riding on the temporary positive effect that magic trick created. Once everyone sees how the trick is done and knows it's not real magic...the trick won't work any more.

[eagames]

The money printing is scary!

It would be bad enough if they printed the money outright but what they often do even worse when they sell bonds to China then print the money plus the interest so it has a worse effect but it's spread out until the bonds terms run out.
Selling the bonds is like a time released poison for the future. People on fixed incomes suffer the most, the income stays the same but in the future it buys less and less. Any savings are devalued.

In this new wave of 600 Billion $ the feds are selling the bonds to themselves. I guess it's better than selling to China but still bad enough. The 600 Billion is not the real amount of printed money. They sell the bonds to themselves then print 600 Billion plus the interest on it so it's more like printing a Trillion $ over a longer period.

[fiddle-fart]

They never should have done away with the gold.

Somewhere I read that when they did away with the gold backing, they traded it off an used the people as a dollar backing. now that people don't have a job the dollar loses value, but when the people are working the dollar goes up in value.


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