Throughout history, metals have been used as money. In 1971, Richard Nixon betrayed the world by removing the last shreds of gold from the dollar. Ever since then, the value of currency has been eroded away at an ever-increasing pace. Central banks and investors still hold onto metals in order to preserve wealth, particularly through inflationary periods. Traditionally gold and silver are more commonly held. But what metal has been shown to perform even better during the past couple decades?
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Sources Used in This Video:
https://goo.gl/UpprQe
Gold Price
https://goldprice.org/
Copper Prices - 45 Year Historical Chart | MacroTrends
http://www.macrotrends.net/1476/copper-prices-historical-chart-data
More Precious Than Gold? Copper’s the Better Inflation Hedge - Bloomberg
https://www.bloomberg.com/news/articles/2017-06-27/more-precious-than-gold-copper-a-better-hedge-against-inflation
More Precious Than Gold? Copper’s the Better Inflation Hedge - Bloomberg
https://www.bloomberg.com/news/articles/2017-06-27/more-precious-than-gold-copper-a-better-hedge-against-inflation
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I really hope we do not see a copper run. In real estate, vacant houses had the copper wiring and hvac's stolen for the metal costs. It was sad to see how many people got hurt.
To clarify: Gold and silver have always been a store of value over long periods of time. They are the best for passing wealth on generation to generation. Nobody passes on a bundle of copper to their children.
But in this particular case here, we can see that copper has performed very well. Let us not forget copper! The metal that was also used as money and also used to debase money too!
What are your thoughts on copper?
Thanks for clarification.
Copper is a great macro-economic indicator. With China building a new power grid larger than the US, I feel the price is going to rise on demand. Should be interesting to see what happens.
Informative, thank you.
The problem is that all bullion is highly exposed to manipulation. You must only look how the "market" on metals works, here: