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American in Japan
2011 Apr 28, 6:22pm
Hearing this makes me glad I sold most of my silver ETF shares...
Perhaps they got worried when they saw GM using AC induction motors for its eAssist vehicles (sorry, no rare earth alloys and magnets for you -- now we have your copper).
I joke, but some real world ramifications of the high prices.
Police say a suspected Southern California metal thief has been electrocuted while tampering with a large transformer box....The sergeant says it appears the man was a copper thief trying to steal components from the transformer box.
terriDeaner
2011 Apr 30, 6:32am
I joke, but some real world ramifications of the high prices.
Police say a suspected Southern California metal thief has been electrocuted while tampering with a large transformer box….The sergeant says it appears the man was a copper thief trying to steal components from the transformer box.
Sounds awfully familiar...Wasn't this kind of tomfoolery also common back in 2008?
Let me toss this out there. So there's a global crash, and everyone is nervously looking for somewhere ELSE to stick their money since you have to "put it to work". Stocks and bonds get their share, but a lot floats into commodities. Where can we see this? How about copper:
http://online.wsj.com/article/SB10001424052748704187604576288754099592790.html?mod=googlenews_wsj
We talk about futures and speculators and such in the abstract. But here is one case at least where it's quite clear there's no shortage of copper, there's plenty of it already processed and just sitting around. And yet the price has tripled in the last 2 years.