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Gold always good to have

Have to admit, the depth of my pockets prevents me from owning gold. The only precious metals I have are lead, copper and brass. Which seems to me might be more useful in the aftermath of an earthquake. (I am in Missouri, and never forget the New Madrid fault line!)
 
trader said:
I'm not.. buy what you want, but like several other items - if and when you need it and you don't have it, you may regret it. I'm not selling anything.
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The time to buy gold was like a year ago. I believe I do have some gold in my portfolio but not too much. My wife is a CPA/financial savant. I average 21%.


My personal investments are focused largely on copper, brass and alcohol. :)
 
Well a good friend of mine is in a similar spot, tho his wife is in a healthcare role, he is stocking literally, copper, and good whiskeys as he says copper will always be needed and good booze as well. He does have some gold, ammo etc plus he grows some food on his acreage. A bigger point is those of us with stuff to barter, when that time comes, already have all the prep stuff - food, water, ammo, tools, parts etc. Noone like us will want a box of primers or case of 22lr or a bag of gunpowder then. We will want something else, maybe PMs maybe an auto. Maybe a house. A valuable m-gun isnt going to be worth what we paid. It will be worth whatever the buyer will pay, that could be more, or, less. A pound of ammo and I get a meal from someone. A pound of PMs I buy their truck, or something big.
 
Like some others here, by copper seems to be enclosing lead, for some reason. Unless it is pure and has a strange spire shape to it…very puzzling. Unless vampires are part of the “uprising”, my silver, that which I have, will remain as junk coins. HOWEVER………
 
One of the two largest new categories of crime (theft) in our state in the last two years has been- stealing copper, usually from HVAC units and breaking into houses and stealing PMs. Wonder what they know.
 
Copper prices have been up a good while now. I just took in three 5 gallon buckets last Saturday. All #2. 6" long pieces of 1/2" abandoned gas line. $95 per bucket. I'm sitting on a veritable gold mine of red brass right now.
 
Bassbob said:
Copper prices have been up a good while now. I just took in three 5 gallon buckets last Saturday. All #2. 6" long pieces of 1/2" abandoned gas line. $95 per bucket. I'm sitting on a veritable gold mine of red brass right now.
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The highest I've seen scrap red-brass go for in the last 20 years was $4.50/lb. Given how many tons that all of my customers scrap every year, it is worth salvaging (even at $2-$2.50/lb). I gather your collection of scrap is exactly the same as my customers'....replacing old with new during service calls. A perk that is often underestimated...
 
Nothing like finding a jar of old coins buried.

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Jfal said:
The highest I've seen scrap red-brass go for in the last 20 years was $4.50/lb. Given how many tons that all of my customers scrap every year, it is worth salvaging (even at $2-$2.50/lb). I gather your collection of scrap is exactly the same as my customers'....replacing old with new during service calls. A perk that is often underestimated...
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Indeed. The vast majority of my work these days is what we call "Copper pigtails". That is the service line from the riser out to a coupling ( average of 11') where it transitions to plastic, is a 1/2" or 1" copper line. I have to remove everything from the coupling in. So all the copper and the riser. The red brass is the actual "Cock" inside a lock cock. They're heavy little bastards, held in with a yellow brass nut and washer. And there's one on every house I do. Along with the copper. I average a 5 gallon bucket a week. That's brass and copper. Which I then take home and separate. So once a month I end up with 3-4 buckets of copper and a good 3/4 of a bucket of red brass. I scrap yellow brass about once every 6 months because the nuts and washers take a long time to fill up a bucket.
 
Bassbob said:
Indeed. The vast majority of my work these days is what we call "Copper pigtails". That is the service line from the riser out to a coupling ( average of 11') where it transitions to plastic, is a 1/2" or 1" copper line. I have to remove everything from the coupling in. So all the copper and the riser. The red brass is the actual "Cock" inside a lock cock. They're heavy little bastards, held in with a yellow brass nut and washer. And there's one on every house I do. Along with the copper. I average a 5 gallon bucket a week. That's brass and copper. Which I then take home and separate. So once a month I end up with 3-4 buckets of copper and a good 3/4 of a bucket of red brass. I scrap yellow brass about once every 6 months because the nuts and washers take a long time to fill up a bucket.
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My customers are well pump installers. (Most) Every pump that gets replaced gets new wire, meaning the old wire gets scrapped. Every pressure tank they change usually involves some red brass fittings getting replaced....it adds up...sometimes fast.
 
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