Anonymous
Anonymous asked in Business & FinanceInvesting · 6 months ago

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?

6 Answers

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  • 6 months ago

    Yes. It has many uses.

  • 6 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.

  • 6 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.

  • B
    Lv 7
    6 months ago

    gold is over $1300 an ounce, far and away higher than silver

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  • Anonymous
    6 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?

    • You can eat gold, people eat gold shavings on their desert, its some sort of fancy thing. But it gives you no nutrition.

  • 6 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

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