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Copper is NOT money, and can never be money.
I just bought a 15 kilo copper
bullion bar. It was $360. With copper at $4.32/pound, the bar is
33 pounds, and thus has $142 worth of contained copper.
The mark-up on the copper bar is 150% over spot!
Copper 1 oz. rounds would
contain about 29 cents worth of copper, but cost at least 70 cents just in
manufacturing costs, for a markup of 240% over spot!
So, why did I buy the 15 kilo
copper bar? So I'd have a sample to show people, to show why copper is
not money, of course!
The physical example of the
copper bar will utterly refute the nonsense of people who claim that anything
can be money, and that it makes no difference whether money is silver, gold, or
copper. I'll be able to tell them to "Go ahead, put the 15 kilo
bar in your pocket," or I could say, "Go ahead then, pay me a 50%
premium for my silver; it's better than the copper!"
Source: https://bestcopperbars.com/Home_Page.php
So, $360 in copper is a 15
kilo, or a 33 pound block, at 150% over spot.
About $360 in silver is 10, 1
oz. rounds, at 5.6% over, for $355.
About $360 in gold is one, 1/4
oz. gold piece, at 13% over spot, for $399.
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Next up:
We are paying 1/2 of 1% more than we used to for all silver and gold!
We just raised our prices to
buy silver and gold by 1/2 of 1%!
Please check www.jhmint.com for our latest prices.
Most of our buy prices are now just over spot for gold, and just under spot
for silver, and 4.6% over spot for Silver Eagles, any year! We also
increased our cash holdings to over $200,000, to help you sell while prices
are high now, if you wish.
How to sell to us:
1. Ship it to us, we suggest by us mail, registered, insured. If
we don't get the package because it is poorly packaged, it's your loss.
2. We will lock the price in, AFTER we get your package.
3. Double box all silver; silver is so heavy, it cuts through nearly
all cardboard. Use a criss cross string packaging tape. Put paper
tape on the outside of the box.
4. Ship to "JHM" at our address at www.jhmint.com
5. Include a packaging slip, indicating the contents of the package,
and keep a copy for your records in case of loss, you will need it to collect
your insurance.
6. Call us and email us the details, so we can prepare to accept
your package.
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We have 7 Johnson Matthey
Platinum bars, offered at 3% under spot!
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