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Why Copper Cannot Be Money!
(We are paying more for silver than ever; & Selling Platinum at 3% under spot!)
Silver Stock Report
by Jason Hommel, February 23rd, 2011
Copper is NOT money, and can never be money.
I just bought a 15 kilo copper bullion bar. It was $360. With copper at $4.32/pound, the bar is 33 pounds, and thus has $142 worth of contained copper.
The mark-up on the copper bar is 150% over spot!
Copper 1 oz. rounds would contain about 29 cents worth of copper, but cost at least 70 cents just in manufacturing costs, for a markup of 240% over spot!
So, why did I buy the 15 kilo copper bar? So I'd have a sample to show people, to show why copper is not money, of course!
The physical example of the copper bar will utterly refute the nonsense of people who claim that anything can be money, and that it makes no difference whether money is silver, gold, or copper. I'll be able to tell them to "Go ahead, put the 15 kilo bar in your pocket," or I could say, "Go ahead then, pay me a 50% premium for my silver; it's better than the copper!"
Source: https://bestcopperbars.com/Home_Page.php
So, $360 in copper is a 15 kilo, or a 33 pound block, at 150% over spot.
About $360 in silver is 10, 1 oz. rounds, at 5.6% over, for $355.
About $360 in gold is one, 1/4 oz. gold piece, at 13% over spot, for $399.
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Next up:
We are paying 1/2 of 1% more than we used to for all silver and gold!
We just raised our prices to buy silver and gold by 1/2 of 1%!
Please check www.jhmint.com for our latest prices. Most of our buy prices are now just over spot for gold, and just under spot for silver, and 4.6% over spot for Silver Eagles, any year! We also increased our cash holdings to over $200,000, to help you sell while prices are high now, if you wish.
How to sell to us:
1. Ship it to us, we suggest by us mail, registered, insured. If we don't get the package because it is poorly packaged, it's your loss.
2. We will lock the price in, AFTER we get your package.
3. Double box all silver; silver is so heavy, it cuts through nearly all cardboard. Use a criss cross string packaging tape. Put paper tape on the outside of the box.
4. Ship to "JHM" at our address at www.jhmint.com
5. Include a packaging slip, indicating the contents of the package, and keep a copy for your records in case of loss, you will need it to collect your insurance.
6. Call us and email us the details, so we can prepare to accept your package.
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We have 7 Johnson Matthey Platinum bars, offered at 3% under spot!
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I strongly advise you to take possession of real gold and silver, at anywhere near today's prices, while you still can. The fundamentals indicate rising prices for decades to come, and a major price spike can happen at any time.
Follow me on facebook!
http://www.facebook.com/jason.hommel
JH MINT & Coin Shop, Grass Valley, CA -- minimum order $5000 for free shipping, USA shipping only.
Open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends and bank holidays. (Also Closed from Dec. 25th to Jan 1st)
www.jhmint.com
(530) 273-8175
Kerri handles internet phone orders:
kerri.jhmint@yaoo.com
(530) 273-8822
Sincerely,
Jason Hommel
www.silverstockreport.com
www.bibleprophesy.org
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