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RE: Stacking Copper

in #steemsilvergold6 years ago

You're a very sensible guy. I actually don't have any copper rounds because of the same reasons, but I did want to get some of the zombucks. It is my recent interest in scrap and hand pours which inspired the post.

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I have a cousin that works construction as a pipefitter, mainly on industrial projects. He hauls out 20-40 lbs of copper scrap ends off the site a day in his backpack. I'm pretty sure the clients don't know and its not something I would do, but his basement is a copper empire. He sells it off in chunks to a scrapyard...he paid off his house in cash in short order doing this.

Maybe not 100% ethical but who is to judge. It sounds like you have a good supplier there. I'm sure he is getting far less than spot for his scrap.

85-95% of spot depending on market forces

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