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Any one know if it is profitable to melt copper to make your own bars
I see even rudimentary bars would have customers paying in excess of spot price.
I see there is an investment of tools . But is the cost to heat up copper also a expense that makes the whole idea not really profitable ? or just very close to the price you can get for #2 any way. Is it just a novelty ?
Most of the yards won't take homemade ingots.
I believe it is just a novelty. However if you wanted to do it "just to satisfy your curiousity" then you might try to tap into the "Prepper's" market as they believe the ingots will be used as a form of currency in the event of a global economic meltdown.
Yup. People have been known to pour copper or other metals around a chunk of steel or even rocks and then cash them in.Quote:
Originally Posted by freonjoe
I am not sure my life can absorb the storage of prep for dooms day . If the day comes just having usable wealth in any economic climate will become known by others & the others will take or try to take by force, A person might be loaded to the teeth with guns , But so will others with bad desires.
Maybe so but there is a consistent weight that a specific piece of pure copper should be other wise it would be suspect . I guess to find a rock at correct size and weight could happen, but if i had CU bars and i knew a sale could be made based on purity , let them drill a hole so they can see after all we are talking of a home made bar. I see tho It probably is hard to sell as people might be melting pennies so no point taking legal CU and making it look suspect.Quote:
Originally Posted by G_P