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Thoughts on copper bullion as an investment?


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3 hours ago, Petra said:

Oh, but they do! Done round here. Also, cut off phone/internet at a local prison… out in the country, found the buried cables and ripped up in the middle of the night🤔 

These cables are mainly signal cables and are being replaced by fiber optics. Before the use of fiber optics and rubber they used paper and lead and some are still used today. Most have been de-commissioned but still lay in the ground. There is a person whose job it is to find these cables to mark it up for future removal (but apparently they like to leave it there for as long as possible so know one else can use the space). I have found a video but most telecom cables are 5 times the size of this. Fast forward to near the end to get the gist as the fella is making a meal of it.

 

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I've got a few random pieces of copper, but only two pieces I actually paid for

1993 5 Yuan Panda and a 5oz Buffalo

 

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Beau & Co hand poured silver

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3 hours ago, flyingveepixie said:

Phone and internet cables operating at 48V I can understand - no risk there if you cut into them with your snips, although it would seem to be hardly worth the bother as the copper return would be so minimal. But cables for running trains and other systems like signalling and lighting I can't get my head around as they would be extremely risky to tamper with - there are some pretty hefty cables in those systems operating at voltages above 230.  How do they do it?   Unless it's so organised that they have a man at source to isolate the power supply, which I doubt...🤔

25kv overhead power lines are live at all times to deter theft on the railway. They probably target storage yards where the spare drums of cabling is kept.

The odd time we get our railway line disrupted due to lineside signalling cable theft, where they chop a few hundred metres off in the middle of the night but it doesn't seem to be worth the bother as there isn't much in it once the insulation is all stripped off.

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Just reported.

SANTIAGO — A group of armed men in Chile stole several shipping containers filled with copper that belonged to state-owned giant Codelco on Wednesday, adding pressure over shipments security in the world’s largest copper producer.

Copper seems to be the bandits new gold

 

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13 minutes ago, Spyder said:

Just reported.

SANTIAGO — A group of armed men in Chile stole several shipping containers filled with copper that belonged to state-owned giant Codelco on Wednesday, adding pressure over shipments security in the world’s largest copper producer.

Copper seems to be the bandits new gold

 

Unless you’re going to stack ‘several containers’ of copper round at yours I wouldn’t worry. A few copper rounds or a bit of copper cable isn’t really in the same league🤔

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Just so I'm clear, which 1p and 2p coins have a decent amount of copper? Are there any that contain more copper than the face value of the coin..... might look into melting the contents of a very large whisky bottle I've got if so and weigh it in 🤣

Edited by Dom
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10 minutes ago, Dom said:

Just so I'm clear, which 1p and 2p coins have a decent amount of copper? Are there any that contain more copper than the face value of the coin..... might look into melting the contents of a very large whisky bottle I've got if so and weigh it in 🤣

Get a magnet, if they stick, they are not copper. I do not think the percentage of copper changed from first being introduced to them replacing to non copper. If you look in your change, you can still find many copper coins

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15 minutes ago, Dom said:

Just so I'm clear, which 1p and 2p coins have a decent amount of copper? Are there any that contain more copper than the face value of the coin..... might look into melting the contents of a very large whisky bottle I've got if so and weigh it in 🤣

Just bag em up and take to the bank, at least you won’t loose anything!🤔😮😁😁

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26 minutes ago, Petra said:

Just bag em up and take to the bank, at least you won’t loose anything!🤔😮😁😁

You might do if the bag is loose:D

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