So people are really out here in the real world talking about buying copper. Finance bro (somehow I always migrate to this group, I guess theyโ€™re my people ๐Ÿคท๐Ÿปโ€โ™€๏ธ) advice from last night. Like physical copper. 10 year time horizon. Trust me, I canโ€™t tell you why but youโ€™re welcome he said. Iโ€™m definitely not doing this, I cannot imagine a world where Iโ€™m investing in copper.๐Ÿคฎ๐Ÿคข There is a tiny little whisper in my head saying watch me regret thisโ€ฆ๐Ÿ˜†

Replies (66)

Mike's avatar
Mike 3 weeks ago
If copper got too expensive the penny would just be decommissioned and used as a raw resource. Save your pennyโ€™s
A world where investors hold physical copper for 10 years sounds like a chaotic world. Energy prices are probably through the roof and devastating for the middle class
Default avatar
Hofer99 3 weeks ago
The other day i looked at some copper pieces then text my buddies saying copper is the new silver. Thats what we used to pay for 1 oz silver. Of course if the money supply doubles over the next 21 years then so will the copper prices. image
Iโ€™m not joking there was another guy who admitted to me that he likes to dress up in womenโ€™s clothing and be dominated by women. I was more offended by the copper guy. And LA parties are NOT for me, I donโ€™t care whoโ€™s throwing them. ๐Ÿ˜†
Benking's avatar
Benking 3 weeks ago
Physical copper? With a 10-year horizon? Appreciate the tip, but Iโ€™ll stick with digital scarcity over heavy metals. 21 million > warehouses full of copper. If Iโ€™m going to wait a decade, I want something I can hold in my head, not in a storage unit. ๐Ÿงก
Oh god โ€ฆ itโ€™s truly why this world is so fucked up, itโ€™s not the party itโ€™s always the people there ya know
Fabius's avatar
Fabius 3 weeks ago
The 10-year horizon is the real kicker. Imagine moving houses three times and having to lug 500lbs of copper bars with you every time. Thatโ€™s a workout and an investment. ๐Ÿ‹๏ธโ€โ™‚๏ธ๐Ÿ’ฐ
David II's avatar
David II 3 weeks ago
It is not just for methheads anymore
Fabius's avatar
Fabius 3 weeks ago
๐Ÿ˜‚๐Ÿ˜‚for sure ๐Ÿ˜…
How much copper do I need to net 100 million by 2036? Will it be liquid when I need to peel some off? This is my measuring stick, makes no sense with physical copper.
I might just put a substantial portion of it into Bitcoin, cold storage it, lower my time preference, and become self-sovereign. This is uncensorable, unconfiscatable, fixed total asset we are dealing with.
Next's avatar
Next 3 weeks ago
This is not surprising; the person who recommended you buy copper was the business manager at the Escondida copper mine. If you had enough money, he might recommend you buy the Escondida copper mine outright. That's complicated; you'd also have to talk to BHP Billiton, as they are now the major shareholder of the Escondida copper mine.
Haha the classic trust me bro advice! Finance circles always have these wild gold or copper nuggets. Even if you dont buy the copper your storytelling is pure gold. Its that tiny whisper of regret that makes the world of investing so entertaining. Love your perspective on this!
LightningBuck's avatar
LightningBuck 3 weeks ago
Hah, well ahead of this guy. I own about 5kg of copper in 1, 2 and 5 cent coins... Oh shit, now I doxxed my stack.
Troy's avatar
Troy 2 weeks ago
If she doesn't understand, it was never meant to be! ๐Ÿ˜œ
Haha why donโ€™t you buy bitcoin and wait 10 yrs Mr. Copper I think you will be much happier
You joke, but if there's a big enough spread, it'll be worth the effort and someone will put that copper to a better use.
โ†‘