Copper, unlike the consumer price index (CPI) which easily substitutes hamburger with cat food to combat rising prices, doesn’t have many alternatives. Ever wonder why it's getting harder to find copper pennies in circulation? Smart money has been hoarding them for years; they know that it’s only a matter of time before the copper-plated zinc pennies are officially retired due to rising manufacturing costs. Once retired, it will be legal to melt the 95% copper pennies (pre 1983) for an easy 3x plus profit.
Copper ETN:
Headline: Why 'Dr. Copper' is the master metal
With copper trading at unprecedented highs, the question is being asked: isn’t there anything cheaper we can replace this stuff with?
The answer, according to experts, is not much, and not easily.
Source:
financialpost.com
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