The risky allure of copper

As fiat devaluation intensifies (as opposed to being driven by the global recovery), the price of copper and it’s on going risky thefts are certain to increase. Predominantly copper coinage, such as 95% copper pennies, are becoming increasingly scarce in circulation. Soon you'll be lucky to find them as transactional change.

Copper theft peaked between 2006 and 2008, before the recession hit and prices plunged to less than a dollar a pound. As the economy recovers and the demand from China grows, the price is going up again, and is now hovering around US$3.40 a pound. Few new copper mines are popping up to boost production.

Source: nationalpost.com