Why Waste Time with Metal

I suppose some people are wondering why they should even waste their time putting a portion of thier investment money into metals. I'm not just talking copper, I am talking the precious metals like silver and gold. I definately do not believe that one should run out and put their whole retirement savings into the metals but I do believe a good 20% of your entire portfolio should be allocated towards metals. Silver is a very very underpriced precious metal in within the next 5-10 years will see a great increase in price. I would believe that $100+ per ounce by then is definately not out of the question. Gold, though much more expensive than silver, is also a very stable investment. Though I do not believe the returns on the gold market will be as high as those of the silver market, it is still wise to have a small portion of your investment allocated towards gold. And, finally, the infamous copper. This is an amazing investment since you can get it at half price by sorting through a few pennies a day and picking out the copper ones. You have nothing to lose with copper penny sorting besides the little time it takes you to sort. Nothing to lose and everything to gain.

Firing It All Back Up

Well it's time to fire up the copper hoarding blog again. Its been a busy few months and copper sorting was pushed to the back of my agenda but it has once again taken a spot in my daily routine. After this fall in copper, prices have began to turn around and head back up. This summer looks like it could bring prices at least in the $5.00 range, maybe even higher. The price will most likely dip back down again but not as low as it did this winter. Then eventually it will peak at a higher level. I believe it is still a wise idea to hold on to most of your hoard for now and see where the market is going. If a buyers market opens up again this summer like there was last summer, it is always good to sell a little of the hoard to fund more pennies. This way you actually build your hoard faster and with profits you made from the pennies. Don't see this price dip as a bad time, instead see it as a time to keep stockpilling the copper.

Copper Looks to the Sky

Last week copper broke the $4.00 per pound barrier only to fall a little below it the next day. It looks like copper broke this barrier once again today. It seems that there is no definate lid on the price of copper. Those pennies that you have been hoarding are now worth 2.6 cents for their copper content. Don't dump them yet though, I predict we'll see a lot more of a jump this summer. If anybody remembers what happened to the silver coins in the 60s then they will want to keep their copper for now. You couldn't make much money in 1965 from those silver coins but in 1980 you were kicking yourself if you didn't hold on to them. I believe that is what is going to happen with copper so hold onto your cents for now, and never stop hoarding.

Silver Falls Today

Silver fell over $1.00 today in what I would call a minor market correction. I still believe that the price of silver will rise significantly over the course of the next 3-5 years. I see this as a temporary opportunity to purchase more silver at a cheaper price. If one were to ask when they would sell their silver, I would say wait until it is at least 7-10 times what it is now as I believe it will no doubt hit that before it levels out. Silver is very very underpriced compared to gold and there will need to be a correction to balance this out. Gold is not going to fall enough to make that correction, therefore, silver will have to rise in value significantly before things are once again balanced. This is a terrific investment opportunity and I encourage people to jump on it. Also, keep up with the penny hoarding, as I can promise you 100% that you will not lose money with it, there is no possible way to.

Rebate Checks in 2008?

NEW YORK (CNNMoney.com) -- Congressional leaders and Bush administration officials agreed Thursday on a $150 billion stimulus measure aimed at keeping the economy from falling into recession.

Most single taxpayers would get $600 and most two-wage households would get at least $1,200. The deal includes an additional amount of $300 per child. A total of 116 million taxpayers will receive checks of some size.

The main exception: higher-income taxpayers or individuals earning $75,000 or more or couples earning $150,000 or more. They would get reduced rebate checks, or none at all, depending on their....

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