Whenever the term bullion is used people think of precious, and not base, metals. With regards to copper this is mainly used a description for marketing purposes. It is helpful when calculating values of ingots, bars and rounds as these are traded in specific weights. Although investors are still trading in the traditional metals, a growing number are also diversifying and starting to buy copper bullion.
This metal has always been in great demand, it has even been used for coins such as the lowly penny. Coins issued before a certain date have a higher purity rating than their modern equivalents, so people actually collect the older coinage. Yet even their purity is vastly inferior to that of a bar or ingot.
For the smaller investor certain mints do produce high purity coins. The purity level of these new coins will be found to be within the bounds of 95% and 98%. If you are looking at ingots and bars, their purity levels are even higher at 99.99%.
Some might query why people are willing to invest in something that isn't a precious metal. The simple reply is the versatility of this metal. No matter where you look, you will see something that contains this element . Another valuable aspect is that it is also exceedingly durable.
Just consider your own house, and the amount of piping and cabling that has been used. Also take note of the number of appliances that you have, they have all used this metal to certain extent. Due to the non corrosive aspect of this metal, industry also utilizes vast amounts. Even such things as gold jewelry will also contain a small level to add strength. All of these factors have given this element a financial worth.
If you look at the Statue of Liberty for example, when it was originally made over 175,000 pounds of copper were used. It has stood in New York Harbor for more than a century, in all manner of weather conditions. Despite the harsh environment that it has been placed in the amount of material lost through erosion is minuscule. This durability has led it to be referred to as man's eternal metal.
In the last few years those investing in this commodity has witnessed their investments sky rocketing. Considering that the initial investment paid out was much less than for an equivalent weight of a precious metal, the returns have done better. Many have considered themselves fortunate to have started investing in this commodity when they did.
As with all such things it can be looked at as a gamble. On one hand there is the argument that existing mining will be able to cope with future demand. On the other hand people look at the emerging nations and their possible needs, and can foresee that there will be an increased requirement.
Consequently these investors feel the time is still with them, and continue to buy copper bullion as an investment. As a commodity it is nothing new, as people have been buying and selling this element for generations. It should be pointed out to anyone considering entering into this as a possible investment, always use a recognized broker.
This metal has always been in great demand, it has even been used for coins such as the lowly penny. Coins issued before a certain date have a higher purity rating than their modern equivalents, so people actually collect the older coinage. Yet even their purity is vastly inferior to that of a bar or ingot.
For the smaller investor certain mints do produce high purity coins. The purity level of these new coins will be found to be within the bounds of 95% and 98%. If you are looking at ingots and bars, their purity levels are even higher at 99.99%.
Some might query why people are willing to invest in something that isn't a precious metal. The simple reply is the versatility of this metal. No matter where you look, you will see something that contains this element . Another valuable aspect is that it is also exceedingly durable.
Just consider your own house, and the amount of piping and cabling that has been used. Also take note of the number of appliances that you have, they have all used this metal to certain extent. Due to the non corrosive aspect of this metal, industry also utilizes vast amounts. Even such things as gold jewelry will also contain a small level to add strength. All of these factors have given this element a financial worth.
If you look at the Statue of Liberty for example, when it was originally made over 175,000 pounds of copper were used. It has stood in New York Harbor for more than a century, in all manner of weather conditions. Despite the harsh environment that it has been placed in the amount of material lost through erosion is minuscule. This durability has led it to be referred to as man's eternal metal.
In the last few years those investing in this commodity has witnessed their investments sky rocketing. Considering that the initial investment paid out was much less than for an equivalent weight of a precious metal, the returns have done better. Many have considered themselves fortunate to have started investing in this commodity when they did.
As with all such things it can be looked at as a gamble. On one hand there is the argument that existing mining will be able to cope with future demand. On the other hand people look at the emerging nations and their possible needs, and can foresee that there will be an increased requirement.
Consequently these investors feel the time is still with them, and continue to buy copper bullion as an investment. As a commodity it is nothing new, as people have been buying and selling this element for generations. It should be pointed out to anyone considering entering into this as a possible investment, always use a recognized broker.
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