Cashing in, is only a matter of time.

Originally Posted by mikeinreco

problem is I live in the city.......Storage costs money......This is where I am now..........Do I pay to store more commodities or sell a little at a time.........For instance my storage building costs $131 a month......... thats $1500 a year........Is it worth that to store copper..........will the difference in price make up for the cost of storage.........Sure if I lived on a farm with 100 acres it would be no issue........That's the problem you are going to have trying to get people to hold metals..........

I've got some totes that are 10"x12"x15" that hold about a cubic foot. When filled with stripped copper wire they can hold about 65 - 70 lbs. Actually if I were to compact the wire they would weigh a lot more. In fact, a cubic foot of sold copper weighs approximately 560 lbs. http://www.coyotesteel.com/assets/im...rcubicfoot.pdf If you do the math on how much copper you could fit in a small storage locker, you'll see you don't need a lot of space to hoard a very valuable amount of copper.