Here are the overall metals gains of 2010. (Lets hope we these types of rallies in 2011)
- Average Rare Earth Metals: +250%
- Palladium: +100%
- Silver: +80%
- Nickel: +33%
- Molybdenum: +30%
- Copper: +29%
- Gold: +27%
- Platinum: +21%
- Aluminum: +9%
- Rhodium: +0%
- Lead: +0%
- Zinc: -4%
So with almost every metal gaining in 2010, with the exception of zinc, what is in store for the metal market in 2011.
Precious Metals and Copper have all posted gains that have remained some of the largest this country has ever seen! The more necessary these metals become in electronics and technology, the more expensive they will become. I have seen some analysts claim the price of gold will easily reach $2000/ounce, and silver reach $50/ounce. There are claims that copper could reach the $10/lbs mark in the next decade. Of course there are others who claim the prices of these metals will not rise much more than they currently stand; But 7 years ago, nobody was talking about silver reaching $50/ounce! As for platinum and palladium, these could very well end up being the star investment metals for 2011.
Rare Earth Metals including dysprosium, molybdenum and neodymium are going to quickly become priced by the ounce rather than by the pound. These metals are not going to get any cheaper seeing how 99% of rare earth metals are produced in china, and the Chinese have slowly been hiking prices. According to the NY times article "China Said to Widen Its Embargo of Minerals"....well I guess the title says it all. They announced slowly broadening their rare earth embargo to include the western nations responsible for creating their demand.
Other Base Metals that have rallied in the later half of 2010 are going to have a difficult time remaining so bullish. Metals like Nickel and Zinc could very easily see a steep drop in this next coming week due to the release of US unemployment information on Jan 7. That release of unemployment info could also cause even more people to flock to precious metals for more security.
Precious Metals and Copper have all posted gains that have remained some of the largest this country has ever seen! The more necessary these metals become in electronics and technology, the more expensive they will become. I have seen some analysts claim the price of gold will easily reach $2000/ounce, and silver reach $50/ounce. There are claims that copper could reach the $10/lbs mark in the next decade. Of course there are others who claim the prices of these metals will not rise much more than they currently stand; But 7 years ago, nobody was talking about silver reaching $50/ounce! As for platinum and palladium, these could very well end up being the star investment metals for 2011.
Rare Earth Metals including dysprosium, molybdenum and neodymium are going to quickly become priced by the ounce rather than by the pound. These metals are not going to get any cheaper seeing how 99% of rare earth metals are produced in china, and the Chinese have slowly been hiking prices. According to the NY times article "China Said to Widen Its Embargo of Minerals"....well I guess the title says it all. They announced slowly broadening their rare earth embargo to include the western nations responsible for creating their demand.
Other Base Metals that have rallied in the later half of 2010 are going to have a difficult time remaining so bullish. Metals like Nickel and Zinc could very easily see a steep drop in this next coming week due to the release of US unemployment information on Jan 7. That release of unemployment info could also cause even more people to flock to precious metals for more security.
I invest in metal by holding on to all physical metals I can. Of course I sell them when I need the money, but I am constantly collecting.
For many people, this is not always a possibility. The way to invest in that case would be base metal ETFs. ETF is short for Exchange Traded Fund and they will follow the price of whatever they own very closely. ETFs is quickly becoming the next best thing to actually holding a physical bar of metal in your hand!
For example, the NYSE:COPX is buying tons and tons of copper. If you own 100 shares of COPX and the value of copper increases by 20%, then the value of your COPX shares will follow suite, almost to the T.
Another unusual, albeit novel, method for investing in copper is to buy Pennies and Nickels. The metal content of US 5 cent peices as of recent have been worth over 125% of face value; meaning $100 of US 5 cent peices contains $125 worth of copper and nickel.
As for Pennies made before 1982, they are worth over 290% of face value; meaning $100 worth of pre '82 pennies is over $290 worth of copper alloy.
Bullion for almost every type of metal can be bought online. For example, ebay has a great selection.
For many people, this is not always a possibility. The way to invest in that case would be base metal ETFs. ETF is short for Exchange Traded Fund and they will follow the price of whatever they own very closely. ETFs is quickly becoming the next best thing to actually holding a physical bar of metal in your hand!
For example, the NYSE:COPX is buying tons and tons of copper. If you own 100 shares of COPX and the value of copper increases by 20%, then the value of your COPX shares will follow suite, almost to the T.
Another unusual, albeit novel, method for investing in copper is to buy Pennies and Nickels. The metal content of US 5 cent peices as of recent have been worth over 125% of face value; meaning $100 of US 5 cent peices contains $125 worth of copper and nickel.
As for Pennies made before 1982, they are worth over 290% of face value; meaning $100 worth of pre '82 pennies is over $290 worth of copper alloy.
Bullion for almost every type of metal can be bought online. For example, ebay has a great selection.
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