I just sold 129 pounds of scrap copper water pipe for $3.50 per pound. I turned right around and changed those green backs into nickels.
When copper was at $4.40 a pound on the spot market, I calculated that it was worth about 36 cents a Troy ounce.
Btw, for future reference in case of dollar collapse, 2 - 1/2 inches of 10 gage copper wire roughly equals the copper content of a pre-1982 copper penny.
What’s up with palladium? Is cold-fusion for real? I’ve heard Gerald Celente and others insinuating that we’re about to see major progress in alternative energy. Is there some other reason besides catalytic converters driving it up in price?