You know how they say silver and gold will always be valuable to humans? Is copper the same, even if not precious, will it always have value?
- curtisports2Lv 76 months ago
Yes. It has many uses.
- tiescoreLv 66 months ago
Sure but at a little under $6,000 per metric ton copper can be little difficult to invest in the physical metal due to storage costs. So as a store of value it pales to gold (a similar value is a few troy ounces).
Although, I do like to jokily say the best store of value in case of collapse of civilization is pre-measured copper wrapped in brass and the means to distribute.
- SlumlordLv 76 months ago
It will probably always have value because it can be used for plenty of things (pipes are often copper, works better than steel or plastic). So yeah, it'll always have value.
- BLv 76 months ago
gold is over $1300 an ounce, far and away higher than silver
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- Anonymous6 months ago
When it comes to total collapse of civilized society, only materials that can be used will have value.
Precious metals that cannot be worked will regain trade value once the major collapse settles out.
Example: would you take a gold bar for a chicken? [Can you eat a gold bar?] Will ammunition be more more valuable as a trade for a rabbit or deer?
- American AtheistLv 66 months ago
copper is considered precious, or semi precious, and there is no intrinsic value to any of them, they are only considered valuable because they are rare and in high demand all over the world, however if the demand where to disappear the value would disappear also