[urq] NAC, thoughts on copper prices

[David Glubrecht]

The biggest problem besides the legality problem is that for quite a while 
pennies have been made out of aluminum with copper plating.  I believe that 
this started in the eighties. It did start long enough ago that most pennies 
in circulation are this way.
Take a knife and scratch one.

OSB $5 three years ago, $17 two years ago, just dropped below $9
Sheetrock  I am sure it has doubled in price in the last year mostly the 
last month
cement jumped two years ago to over $100 a cu yard but has stabilized

Various things are being blamed, but mostly China.
Building a huge dam, massive devolopment, etc.
OSB I heard was being sent to war torn countries.

    Dave G



----- Original Message ----- 
From: <djdawson2 at aol.com>
To: <s-car-list at audifans.com>; <urq at audifans.com>
Sent: Monday, June 05, 2006 11:13 AM
Subject: [urq] NAC, thoughts on copper prices


>I guess I'm a little behind... but I'm doing some remodeling on my home. 
>Off I go to Home Depot to buy a 250ft reel of 12-2 wire.  $102!?  So, I'm 
>told that copper prices have gone through the roof (probably following the 
>oil company business model).  The current price for scrap copper is now at 
>$3.72 per pound.
>
> This gets me thinking... what does 372 pennies weigh?  So, off to the 
> super accurate and recently purchased refrigerant scale.  Turns out that 
> 372 pennies weighs in at 2.1204 pounds.  In other words... 372 pennies 
> turns out to be worth $7.89 on the scrap copper market.  This is a large 
> return on investment.  Anybody want to go into the penny melting business?
>
> Dave
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