Copper Futures going sky high

Time to start selling all the scrap brass and copper you have been saving.

Uh, I know this isn't a financial forum but everything from real estate and cryptocurreny to stocks and groceries are going bananas. I have no doubt that inflation will affect eveyone's favorite pastime, shooting, also. It may be time for to start accumulating ballistic wampum if you haven't done so already.

If you reading about it here, you should have gotten out several days ago

jeff-10 said:

it may be time for to start accumulating ballistic wampum if you haven't done so already.

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That reminds me of the old joke about the 3 ugly girls and 1 knockout that went to the medicine man. I’m like the medicine man when the pretty one walks up, I want a chance! Ballistic wampum as you termed it is a hot commodity and I haven’t had a chance to stock up much lately. I have what I need, but I don’t have much of a surplus for anything.

DocRock said:

If you reading about it here, you should have gotten out several days ago

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Or in, ten years ago.

Everything will inflate especially when the money supply grows; we will need to get used to it unless as the Fed says, it is “transitory”. If you think that this trend will continue, your only hedge is to invest in that inflation to keep up with the trend - invest in the stuff materials, the stuff makers or the finished stuff and ride it out.

Sounds good to me, since I just bought 50 shares of a copper EFT a couple weeks ago.

Who cares? What’s new?

Ammo prices have been permanently obliterated due to this perfect storm. The millions of totally uneducated new gun buyers that became a part of the gun owning segment due to the Coronavirus madness know nothing about fair ammo prices and have proven themselves absolutely chomping at the bit to purchase any and every round of ammunition they can possibly find for insane sums of money per round.

The rising cost of raw materials is only one more nail in the coffin.

Copper is historically crazy this time of year, along with tin (used in galvanizing structural steel) and nickel (used in stainless steel).

this is the time of year that China usually binge buys as much scrap copper as they can find to melt/repurify/turn into power cable. This is “normal” and isn’t new or alarming.

although cost of raw materials may be affected some, nobody is looking at ammo as being the target. Ammunition is an infinitesimally small market for copper. Most of the big money is in cable and wire.

How much does the average 9mm copper jacket weigh? I'd imagine the lead in a bullet is at least 85% composition of the average bullet. Lead prices have been fairly stable for a while.

Let's face it, the copper used in computer chips is far more important to the world economy than the copper used in bullet jackets. I know that guns and ammo are important to us, but let's keep this in perspective.

Lead pricing is pretty stable from my point of view... got this text earlier in the day from my bullet caster

“ I have 2000 .452 200gr SWC powder coated (in red) ready for you to pick up at your convenience. Total is $220. Thanks!”

AlexanderA said:

Let's face it, the copper used in computer chips is far more important to the world economy than the copper used in bullet jackets. I know that guns and ammo are important to us, but let's keep this in perspective.

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I wouldn't mind going back to pre-computer days.

Does this mean a penny is worth a nickle?

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Rule #1: I don't give market advice and I don't take market advice.

A year from now EVERYTHING will be different. Nobody is steering this Titanic but everybody's arguing what to have for dinner. Joe

BreechFace said:

I wouldn't mind going back to pre-computer days.

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If nukes and biobombs start flying the day after China invades Taiwan, you may get your wish.

Rembrandt said:

Does this mean a penny is worth a nickle?

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Pennies are mostly zinc these days.

I’m remorseful when I look at gun prices. A gun I bought 2 years ago for $500 is now $300 higher, same gun same seller. I don’t shoot ammo because I’m afraid of the replacement cost, I sure as hell ain’t gonna pay these prices for guns. There is nothing the current administration is going to do to relieve the situation, in fact just the opposite. It’s the brain dead leading the uninformed.