As reported at businessweek.com
Copper's Golden Hue
The not-so-precious metal's price hits an all-time record, as gold and oil also soar. Here's why this may just be the beginning...
At this rate, even the lowly penny will soon be worth far more than its face value. One-cent coins minted by the U.S. government aren't made of just copper anymore, but mostly of zinc. This change was made in 1982 in order to save the Treasury money. So sock away those pre-1982 pennies, says Schiff of Euro Pacific Capital: "Put them in a piggy bank," he advises. "Each is now worth two cents." Depending on what happens with copper prices, the value could go as high as a nickel. Not a bad return on investment.
Thought this might be of interest
HH
Copper's Golden Hue
The not-so-precious metal's price hits an all-time record, as gold and oil also soar. Here's why this may just be the beginning...
At this rate, even the lowly penny will soon be worth far more than its face value. One-cent coins minted by the U.S. government aren't made of just copper anymore, but mostly of zinc. This change was made in 1982 in order to save the Treasury money. So sock away those pre-1982 pennies, says Schiff of Euro Pacific Capital: "Put them in a piggy bank," he advises. "Each is now worth two cents." Depending on what happens with copper prices, the value could go as high as a nickel. Not a bad return on investment.
Thought this might be of interest
HH