Friday, 31 December 2010
YouTube - Silver Shortage This Decade, Silver Will Be Worth More Than Gold (possibly)
This video explains the main reason why Silver is my favourite investment metal.
Sunday, 26 December 2010
1 Kilo copper bars sold out!
I really didn't expect the copper bars to sell so quickly.
Yes! I was selling them at a loss because they weren't stamped and polished correctly and had to be re polished but they did sell very quickly all the same.
As soon as the holidays are over I'll get on the phone and place another order. This time much bigger.
I'm expecting a small pull back in the price of copper for the first part of 2011. That's my hunch, but it could be wishful thinking.
On Christmas day (strategic) the Chinese raised interest rates because their inflation is getting out of hand. I expect this to suppress the price of precious metals for a short while, especially if other countries do the same thing. It will be a minor blip (buying opportunity) though.
If anyone would like to reserve bars and pay when they're ready then just send me an email and I'll put them to one side till pay day.
Yes! I was selling them at a loss because they weren't stamped and polished correctly and had to be re polished but they did sell very quickly all the same.
As soon as the holidays are over I'll get on the phone and place another order. This time much bigger.
I'm expecting a small pull back in the price of copper for the first part of 2011. That's my hunch, but it could be wishful thinking.
On Christmas day (strategic) the Chinese raised interest rates because their inflation is getting out of hand. I expect this to suppress the price of precious metals for a short while, especially if other countries do the same thing. It will be a minor blip (buying opportunity) though.
If anyone would like to reserve bars and pay when they're ready then just send me an email and I'll put them to one side till pay day.
Tuesday, 21 December 2010
Have you heard of GALLIUM?
There is a rather strange metal called GALLIUM.
It is used in LEDs and TFT screens. It has very strange properties. It melts and turns to liquid at about 29*Celsius. It gives off light if electricity is passed through it, and most importantly to us. It is an extremely rare metal and it's use in electronic devices is increasing.
I read on one site is could be an extinct metal within a decade. Although I don't believe this personally, rare metals are prone to spikes in price once in a while ( Palladium in the year 2000)
Are we looking at an overlooked investment metal?
Most supply is from China and they have reduced exports of rare earth metals by 80%. I've certainly not had any luck with my enquiries into buying the metal.
It seems to have excellent potential for long term investment. Its safe to handle and can be stored for a long time. I don't think it'd be difficult to sell the metal when one needs to cash in your invesment, but I'll look into that a little more.
It is used in LEDs and TFT screens. It has very strange properties. It melts and turns to liquid at about 29*Celsius. It gives off light if electricity is passed through it, and most importantly to us. It is an extremely rare metal and it's use in electronic devices is increasing.
I read on one site is could be an extinct metal within a decade. Although I don't believe this personally, rare metals are prone to spikes in price once in a while ( Palladium in the year 2000)
Are we looking at an overlooked investment metal?
Most supply is from China and they have reduced exports of rare earth metals by 80%. I've certainly not had any luck with my enquiries into buying the metal.
It seems to have excellent potential for long term investment. Its safe to handle and can be stored for a long time. I don't think it'd be difficult to sell the metal when one needs to cash in your invesment, but I'll look into that a little more.
Tuesday, 14 December 2010
Copper 1 kilo bars ready for sale
I got the copper 1 kilo bars back from the polishers today and I can't believe how shiny they are.
It was quite hard taking a picture of them because they're so reflective. I will be discounting this first batch of 22 bars because there are some marks on them that couldn't be polished out. The next lot of bars will be polished before the stamping process. They are handmade so I guess they'll always have slight imperfections.
Bars will be vacuum sealed in plastic to keep the shine and for the many years they'll be in storage.
I'd like to hear what people want. If people would like a half kilo (1pound) bars or maybe 2 kilo bars. Please email me any thoughts.
I noticed this article the other day which was interesting. Dated last year it's clear the price of copper/ tonne has shot up since then.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5160120/A-Copper-Standard-for-the-worlds-currency-system.html
Friday, 10 December 2010
The saga of the copper bars.
I set up the website http://buycopper.co.uk/ to sell bullion copper bars but it's been such a nightmare getting them manufactured I diversified into selling silver coins too.
It took over a month for me to get hold of a 25 kilo bar to make the initial batch, which ended up a 24kilo bar.
Here is what the copper billet looks like straight from the copper foundry(after being cut). It's not like something hand cast in somebody's back garden. It's pure and exact.
After getting the bar I got let down by somebody who said he could stamp them, then said he couldn't, I finally found a pressings factory which made the beautiful press pictured below..
But, they didn't do a very good job of the polishing and the pressing didn't seem very deep, so I've taken the 22 bars to a proper polishing workshop in the heart of Birminghams Jewellery Quarter.
The copper face he shined up in front of me as a test was astounding. So I've left the bar in his very capable hands and I'm not sure where to go after that, because the polishing is going to remove a bit of the pressing. Re pressing the bars is going to be difficult because aligning up the press with the writing already on the bars may go completely wrong.
I'll be offering a hefty discount on these bars regardless and I'll make sure the following batch of bars are perfect.
Maybe I'm being overly careful about the presentation, because when you see say a 1 kilo bar of silver it often looks quite rough.
All copper bars will be vacuum sealed to keep the shine. Obviously if you take it out of the sealed bag the air will get at it and the shine will fade, but the important thing is the asset of owning a kilo slab of copper.
It took over a month for me to get hold of a 25 kilo bar to make the initial batch, which ended up a 24kilo bar.
Here is what the copper billet looks like straight from the copper foundry(after being cut). It's not like something hand cast in somebody's back garden. It's pure and exact.
After getting the bar I got let down by somebody who said he could stamp them, then said he couldn't, I finally found a pressings factory which made the beautiful press pictured below..
But, they didn't do a very good job of the polishing and the pressing didn't seem very deep, so I've taken the 22 bars to a proper polishing workshop in the heart of Birminghams Jewellery Quarter.
The copper face he shined up in front of me as a test was astounding. So I've left the bar in his very capable hands and I'm not sure where to go after that, because the polishing is going to remove a bit of the pressing. Re pressing the bars is going to be difficult because aligning up the press with the writing already on the bars may go completely wrong.
I'll be offering a hefty discount on these bars regardless and I'll make sure the following batch of bars are perfect.
Maybe I'm being overly careful about the presentation, because when you see say a 1 kilo bar of silver it often looks quite rough.
All copper bars will be vacuum sealed to keep the shine. Obviously if you take it out of the sealed bag the air will get at it and the shine will fade, but the important thing is the asset of owning a kilo slab of copper.
Wednesday, 8 December 2010
Global bond rout deepens on US fiscal worries - Telegraph
Global bond rout deepens on US fiscal worries - Telegraph
China is the largest foreign US treasury bond holder.
This is an interesting part of the above article
"At the same time we've seen a loss of confidence in Fed strategy. There is a feeling that the Fed doesn't care about inflation – in fact, wants more of it – and that is certainly not in the interest of bondholders," he said.
China is the largest foreign US treasury bond holder.
Only last week it was said that China has imported 5 times more gold this year than last year. China, the largest producer of gold (300tonnes/year) has stopped exporting it's gold, silver and a lot of it's rare earth metals. They have been actively encouraging the 1.3billion citizens to buy gold and silver.
This is good news for anyone who holds precious metals.
This is good news for anyone who holds precious metals.
Tuesday, 7 December 2010
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