murray t turtle
Registered: Dec 2001
08-06-12 06:09 PM
Quote from peilthetraveler:
Here is a completed ebay auction. 100 pounds of 5 pound copper bars for $796. That comes out to $7.96 per pound. Well over
the $3.36 per pound Copper is going for on spot rate.
To take delivery of a copper contract you need $84,000. But then you can immediately sell it on ebay for $199,000(you'll have to split the order up into smaller more affordable amounts). Even with ebays & paypals fees and eating the shipping costs, you should still come out doubling your money. Hell, you only need to do one contract per year and you are doing better than the average american.
Well, it takes all kinds to make a market;
including those that pay ASKING price, in most any market. Seldom , if ever pay asking /market price to buy-selling thats sometimes wise.
Copper is in a long term uptrend;
soif held ''long'' enough the trend may bale them out,LOL