Despite the term, this is not strictly a precious metal but a base metal. The term is used as a marketing description, and is helpful when defining values as the bars, ingots and rounds are in set weights. Many investors are still investing in the precious metals, but are also choosing to buy copper bullion.
Down through the years this has always been a sought after metal, and for a long time has been used in the minting of coins. A lot of people save the coins minted before certain dates, as these have a much higher copper content than the recent introductions. The purity of the metal is far below that contained within a bar or ingot.
There are specific mints that are now producing high purity copper coinage for the investor. Typically these coins will have a purity of somewhere between 95% and 98%. The ingots and bars will have an even higher purity rating of 99.99%.
Some might argue that as it is not a precious metal why do people want to invest in it. The answer lies in the world around you. Everywhere you look, this metal has been used in one way or another. It really is a highly versatile element, not only that it is highly durable too.
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.
To illustrate its durability, consider the famous Statue of Liberty. Over 175,000 pounds of copper were used in her construction. For well over a century she has stood there in New York Harbor, just think of the weather conditions that she has had to withstand in that time. You might be surprised to discover that the amount of metal lost through erosion is negligible. It is small wonder that this element has been called man's eternal metal.
In recent years the financial returns gained by those investing in this metal have sky rocketed. The initial outlay has been less than for the so called precious metals, but the performance has often been greater. So for many it really has been a wise move to join the ever increasing numbers of people investing in this commodity.
It can be said that they are gambling on the world's future needs. There are some who point out that current mining will cope by producing plenty of raw material to meet those requirements. Others point to the emerging nations, and their thirst for raw materials as they become more materialistic. Which they feel will further drive the market upwards.
So these speculators see a valid reason to continue with their decision to buy copper bullion. It is not a new commodity for investment, but with recent gains a great many are seeing it as an ideal investment opportunity. However the potential investor should use the services of reputable brokers, to avoid some of the pitfalls waiting for the unwary.
Down through the years this has always been a sought after metal, and for a long time has been used in the minting of coins. A lot of people save the coins minted before certain dates, as these have a much higher copper content than the recent introductions. The purity of the metal is far below that contained within a bar or ingot.
There are specific mints that are now producing high purity copper coinage for the investor. Typically these coins will have a purity of somewhere between 95% and 98%. The ingots and bars will have an even higher purity rating of 99.99%.
Some might argue that as it is not a precious metal why do people want to invest in it. The answer lies in the world around you. Everywhere you look, this metal has been used in one way or another. It really is a highly versatile element, not only that it is highly durable too.
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.
To illustrate its durability, consider the famous Statue of Liberty. Over 175,000 pounds of copper were used in her construction. For well over a century she has stood there in New York Harbor, just think of the weather conditions that she has had to withstand in that time. You might be surprised to discover that the amount of metal lost through erosion is negligible. It is small wonder that this element has been called man's eternal metal.
In recent years the financial returns gained by those investing in this metal have sky rocketed. The initial outlay has been less than for the so called precious metals, but the performance has often been greater. So for many it really has been a wise move to join the ever increasing numbers of people investing in this commodity.
It can be said that they are gambling on the world's future needs. There are some who point out that current mining will cope by producing plenty of raw material to meet those requirements. Others point to the emerging nations, and their thirst for raw materials as they become more materialistic. Which they feel will further drive the market upwards.
So these speculators see a valid reason to continue with their decision to buy copper bullion. It is not a new commodity for investment, but with recent gains a great many are seeing it as an ideal investment opportunity. However the potential investor should use the services of reputable brokers, to avoid some of the pitfalls waiting for the unwary.
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