[Rob_0126]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('Micki', 'W')hatte???
Are you collecting old coins for thir metal value????
In that case you would be better of ripping up old copper cable.
How many tons copper do you reckon you will be able to store?
Besides, in a recession copper will drop like a rock.

Furthermore copper, zink, nickel etc aren't considered precious metals, but base metals.

If you want my opinion, go for silver. Not much silver in the ground and most of the stuff dug up has been used. Gold also looks good but more as a currency, not so much for its useful applications.
If it is coins you want, stock up gold eagles.

[cccmachine]

here

and here

[Rob_0126]

Found a little something myself; interesting.

[green_achers]

Stockpiling base metals only makes sense if you think a worst-case scenario is likely. In that case, I would recommend aluminum. It was one of the most rare metals before a method to refine it was developed that uses large amounts of electricity. Yet it has a pretty low melting point and can be recycled pretty easily. If you have space, throw a few hundred pounds of scrap or old beer/pop cans in a hole somewhere and forget about it.

[strider3700]

pennies are a pretty crappy way to get copper for investing, they would need to be purified so you'll get a hefty charge to do that. Wire and copper pipe would be a much better way to go. My family fairly regularly strips old copper wire and takes it back. By using a knife to remove the insulation the copper comes out clean and is worth more then copper that had the insulation burnt off. It takes a lot of copper to be worth much.

Stock piling copper wire and pipe will probably be worth more as wire and pipe then the raw copper in the future.

[Schneider]

Silver is nice..

One nice way to use it, is, as a water purificator !

Schneider

[pedalling_faster]

copper pennies solder well. that alloy is useful.

[mattduke]

Just curious.

[coyote]

Option 4: I know what it is but don't own any; hoping and waiting for a more opportune time to invest.

[JoeCoal]

Yesterday and Today were a most opportune time to invest. I just grabbed another pound. It might last till Monday. The next good time to invest will cost more than today...

[Dukat_Reloaded]

i hate to say it but joecoal is probably right. If the FED can't increase rates much more than 5% then there is something seriously wrong with the economey. Well he's already said they are now at the end at 5% so I guess buy whenever you have some spare money, but it's allways important not to get too comfortable and cocky.

[NeoPeasant]

Oh, and by the way.

What is your address?
Where do you store it?
When are you usually away from home?

[rushdy]

I store mine burried in a locked wooden chest, on an island.

[drew]

AWWWW, Neopeasant, you stole my fire!!!

Seriously, I gotta agree with you...

Owning precious metals physically is a sure way to get robbed and killed. Anyone here in Canada knows that home invasions seem to be on the rise. I think even a rumour amongst some scummy people that someone has gold would be enough for them to pay a visit.

I have a good chunk of a fund in gold/silver, which is also in a rsp, making it near impossible for anyone, including me, to cash it out.

RSPs are great....

It's not really my money, but the federal gov's..

I guess I'm screwed if the country suddenly folds.

drew

[SoothSayer]

>> I store mine burried in a locked wooden chest, on an island.

A while ago I worked for a European bank. Most vaults were "no lone zone" areas i.e. TWO staff were needed at all times. However a few very trusted staff were allowed lone access.

So ... one of these guys nearing retirement steals a case of banknotes, takes it off-site, and buries it on an island in a river.

However the CCTV shows him stealing the money, so he has to get it back ... oops, someone had dug it up in the meantime!

They never found out if someone had seen the burying take place and had come back later with a spade .. or if it was a double-bluff by the original thief.

He was jailed but only for a few years.

Security at the bank after that was raised to RIDUCULOUS levels. [Vaults within vaults, electronic code pads and lots more]

[katkinkate]

I bought some gold and silver through the Perth Mint a couple of months ago. They keep the metal in their vault and send me a certificate stating how much I own. I can get them to send it to me at any time. It's unallocated at the moment, ie. I own a part of a pool of gold not labelled for anyone. I can pay a little extra and get it allocated and then they'll take the physical metals and place them in a little box with my name on it. At the moment I figure they are better able to store it safely than I am.

My only real regret is that I didn't have a spare 10 000 (minimum investment amount) to buy more on Thursday.

[JoeCoal]

$this->bbcode_second_pass_quote('drew', 'O')wning precious metals physically is a sure way to get robbed and killed.

[bobaloo]

I'm invested heavily in brass and lead.

[strider3700]

$this->bbcode_second_pass_quote('bobaloo', 'I')'m invested heavily in brass and lead.

[Pretorian]

$this->bbcode_second_pass_quote('JoeCoal', '')$this->bbcode_second_pass_quote('drew', 'O')wning precious metals physically is a sure way to get robbed and killed.