Copper Investment thread - The new gold?

[Not Really Here]

I have been thinking about getting into copper and I wish I had when I first thought about it a month or more ago.

I can't see physical stacking like I do gold and silver due to value and storage, but I want to research to look into funds or mining stocks.

Seems to me in a recession/depression/hyperinflation scenario base industrial metals will be a solid investment.

Paper investments are never a good idea in a hyperinflation scenario, the government would just take your shit.

 

[TerminalTryHard]

Paper investments are never a good idea in a hyperinflation scenario, the government would just take your shit.

And they can't take your physical?

 

[Not Really Here]

And they can't take your physical?

Depends on how you buy it, but it's much harder to go door to door than erase paper.

 

[Dog-O-Tron 5000v5.0]

Well if we hit that level of hyperinflation that's what my physical gold and silver are for. Paper copper investing would be more for a recession/depression scenario.

I just can't see stacking any amount of copper as being practical, unless it was worth a lot more.

 

[kc01]

>the copper investment thread
what are you, romanian? fucking lmao

 

[TerminalTryHard]

I mentioned RIO earlier and in recent news they will be opening a new copper mine in Arizona after the Biden administration announced they will allow the project to go through despite complaints from environmentalist groups and local native American groups. It's a shared project between RIO and BHP and is expected to produce 20 million tons of copper over 40 years.

https://www.mining.com/us-justice-department-backs-rio-tintos-arizona-copper-mine/

 

[3119967d0c]

I mentioned RIO earlier and in recent news they will be opening a new copper mine in Arizona after the Biden administration announced they will allow the project to go through despite complaints from environmentalist groups and local native American groups. It's a shared project between RIO and BHP and is expected to produce 20 million tons of copper over 40 years.

https://www.mining.com/us-justice-department-backs-rio-tintos-arizona-copper-mine/

Rio Tinto, which is not 'Brazilian' but nominally 'British' and 'Australian', sets up new mines in third-world countries, heavily bribing local politicians and police forces to crush opposition, all the time. This isn't exactly news. Not to say that it's a bad investment, just a typical dodgy mining company.