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Re: DE, this un's fur you, my friend - not a slam, but just some solid info, imo.

By: De_Composed in 6TH POPE | Recommend this post (0)
Tue, 29 Oct 24 10:44 PM | 19 view(s)
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Msg. 59959 of 60008
(This msg. is a reply to 59955 by monkeytrots)

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Re: “I would rather hoard copper for hard times than gold.”
Maybe. But gold is $2,772/oz today while copper is about 30¢. How many guards are you going to bribe with your pocketfuls of copper?

It really boils down to this, though: I am POSITIVE that the dollar is going to fail and drive silver and gold upward. It might happen soon. I can't say that I'm equally certain of copper's rosy outlook.



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The above is a reply to the following message:
Re: DE, this un's fur you, my friend - not a slam, but just some solid info, imo.
By: monkeytrots
in 6TH POPE
Tue, 29 Oct 24 9:20 PM
Msg. 59955 of 60008

Excellent reply, DE. You make a solid case for your gold preference. I still think silver is a better investment (which you obviously invest in with your continuous bidding on sterling at good prices in auctions).

True on gold in circuit boards - BUT only on the 'contacts' because of it's excellent anti-oxidant properties, and in microscopic amounts - extremely thin plating due to improvements in the past 3 decades in electroplating methods. Silver is FAR more prevalent in electronics today than gold - due to it's conductivity.
Solar Panels being just one of many examples. Older circuit boards (early-late 80's) are worth 'scavenging' for their gold content - newer ones, it costs more to salvage than the value of gold one can extract.

During 'hard times' the 'trade value' of gold falls dramatically because of it's limited usefulness, but silver maintains it's value better in hard times.

I would rather hoard copper for hard times than gold. It is easily workable and reusable , and is absolutely essential to so many practical applications. Everyone needs wire, even in hard times. That is the definition of real value for trading purposes, even when 'currencies *real or fiat* collapse. Oil is good, but it is difficult to store, more bulky, and degrades with age. (The oil industry is the largest consumer or anti-bacterials in the world - read 'expensive to store'.)


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