Is copper the new gold?
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- čas přidán 21. 08. 2024
- Barrick Gold president and CEO Mark Bristow explains why the mining company is growing its copper footprint on 'The Claman Countdown.' #foxbusiness #theclamancountdown
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EV cars are not environmentally safe!
@J Bar truth plus the batteries cannot be disposed of safely! Repairs are ridiculously high!
Gasoline powered cars also have copper in them how else do you get electricity to spark plugs?
@@hbarudi they don't have anywhere near the amount of copper in EVs 1/100 approx
@@osiris7208 Except that ALL of the Oxygen Free High Conductivity Copper wire is produced from mined ore. - Nearly ALL copper has always been recycled, due simply due to High Value... Compared to other metals. - Recycled copper is used for copper plumbing pipes, fitting and making brass & bronze.
You are correct. That doesn't mean they will stop making them. We are going to see an influx of EV's in the next 10 years.
Brass and Lead are the new Gold after today in Palm Beach.
Copper is high & pvc conduit is high. 3" pvc conduit around $8 a foot with no wire in it.
Copper, Cobalt and Platinum!
Niobium
@@trumpster8145 Unobtainium
@@oldmanfromscenetwentyfour8164 Chineseium!
Sucks to see the colbalt mines, but you are correct.
We need to recycle copper here in USA and mine and refine more of it too. When working with foreign countries, make sure their people are the primary beneficiary not your company or any other outside country.
So little copper is mined. Over 95% is recycled. So if you invest in meth and use it as currency to pay meth heads-they will steal all the copper you want from construction sites…to sell back plumbing and electrical companies only for it to be stolen again. It’s like prostitution-you sell it but you still got it!
@@davidhooper259 So we are recycling plenty of it, but we should mine more especially in USA which of the 50 states do you think has the large repository of copper ore?
@@hbarudi Arizona or Montana
Copper has been around since pre historic times. We have today, at least,a spotlight again on it.
And yet he votes for it. Go figure.
Silver
First the conspiracy theorist started being right and now the tweakers…we are doomed.
Finally , EV's consume copper. Chinese control the main global copper mine, For bleeps sake people
If they were to change the classification of Copper to Precious Metal like the other industrial metal SILVER..Copper would be worth 5x.. silver would be worth triple digits.. The silver "industrial use" investment MANTRA is what keeps silver so cheap. its good for other manufacturing wall street profits.
Give it time
Just look at the price of copper bars vs the copper spot price. Copper already is a precious metal.
Is the dollar getting weak inflation coming
FYI, All pre 1981 pennies are almost all copper, not mostly zinc like the new ones are. Save those pennies, you'll be glad you did.
Actually some 1982 cents are 98% copper, all 1981 are 98%
@@shermanclark516 95%
No more looting and stealing African resources thou....we have had enough
Recycling cost is too high & energy consuming. All commodities will go up.
Good morning USA from Canada
Sounds like a penny is worth more than one cent
Gold is a sucker bet at any price over about $40 per troy ounce while the global community is transitioning to EV technology which requires a lot of wiring, copper wiring.
Gold has a 4000 year tradition as a monetary standard. Not a sucker bet. Look who’s accumulating gold. China is.
Silver is the best conductor. Silver is the best bet for EV.
@@Mikesorrento3344 100%. Along with a few other important metals. For example Niobium. What an amazing mineral that is. It literally can be used to regrow tooth enamel. A company is mining in Eagle Creek Nebraska. NIOCORP. The use niobium for many EV items. Buy some NIOBF and forget you have it. Your kids and grandkids will thank you
@@Mikesorrento3344 Actually, gold is the best conductor of electrical current out of these three metal commodities you have listed but even at the reasonable price of approximately $40 per troy ounce, gold is still prohibitively costly with silver being next in line as a real good electrical conductor but still pricy while copper gets the job done at the best price with these other two metal commodities being used sparingly where and when their specific conductivity is required. As for China accumulating gold, the first issue that comes to mind is that IF China is buying vast quantities of gold, they are doing so with their electronically generated (QE here in the U.S.) monies which is a whole different, though very related story, which process negates the need for a gold asset and then there is the fact that China is known for buying in bulk at a wholesale or cheaper price and then reselling at a high retail price. Then there is your 4000-year-old gold monetary standard that is now passe' and in fact it has now been proven that gold is a paleo/financial/economic holdover that has no place is our 21st-century financial/economic system for a myriad of reasons which includes the fact that gold will never again be seen as nor used as a currency here in the U.S. because of sheer bulk, ease of counterfeiting with today's technology, and then there is that time consuming assaying process. Gold will never again be seen as nor be used as an asset basis for valuation for any developed sovereign nation since it is now understood that the true asset basis for valuation of all sovereign nation's currency is derived from as well as being based upon each sovereign nation's most valuable, most "precious" asset which is we the people. Not gold, not silver, not diamonds, and not crude oil or any other commodity but again, we the people are the asset basis for valuation for our currency and we really always have been.
@@oscarwindham6016 Silver is the best conductor due to having a valance electron. Both are good conductors, but more importantly they are immune to corrosion. That makes them more valuable in micro electronics where corrosion would be a series problem.
@@throughput6674 I'm simply restating what my instructor taught while receiving my AS degree in Computer Science Electronics.
It is if you is from the inner city.
I can see it now. Everybody is going to have to secure their ac units
They already do in some spots
This metal is too common for this to occur.
Not so sure. I bought a 50' roll from Home Depot last year at $60, I went back yesterday and it was $111. I think there's going to be a huge upside to copper once silver and gold see true value.
Arizona
So there's another ancient relic out there...
They need copper for making ammo
Michigan has 2nd largest mine in the world, that was 40 years ago
I'm so sick of commenting on stupidity. And I've only been a CZcams patron for 20 min
Obviously, the new home building market is headed into a deep dive so, copper will follow. After it hits bottom then, it will be a good buy. 🌝
If you’re a modern investor then your main aim I guess would be to take home profits for yourself and family especially during times like this when reading the charts are extremely difficult due to its chronic volatility. Well good-news you don’t have to worry about how this will come about just commit your investments with Mr pen larry and the rest will be a good history of profits for you
On tele gram
penlarry
3 and a half years!? Just ask homeless people what they think
Niobium.
The sign post up ahead: You are now entering the Twilight Zone.
Oh know Nancy is winning again
"Do Not Sell To China"
Define "Valuable"??
In bed with the devil got money! Not good for the world!
Not for me.
Still sticking to gold
Fact
💛
Nope, gold is gold. 😁
I concur with you
Feds raided Trump and not a word on Fox. They really did dump Trump. 😂😂😂
🤡🤡
@J Bar lol. Because you’re a brainless deplorable.
Lol 😂 stop 🛑🤦♀️😂🤣
On telegram
johndarry
Me who has old copper pennies just became a little richer
Pennies are only worth a penny ..basically Worthless as its illegal to melt them down.. BUY COPPER 999.9 BULLION
@@silverchief3331 until the penny isn't a penny anymore
The FBI just raided Trump’s house!
🤣🤣🤣🤣
GREAT NEWS!!! FBI executes a search warrant at Trump's Mar-a-Lago home!
While senile and stupid hold the top two positions in the federal government!!!
🤡🤡