Looking to make a killing off of copper mining stocks?

Discussion in 'Penny Stocks' started by SamClemensMT, Jan 9, 2015.

  1. SamClemensMT

    SamClemensMT Well-Known Member

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    I'm looking for a good penny stock investment in the copper mining sector. It doesn't matter where the company's mining operations are based as long as their shares are traded in the U.S. or Canada. I'm acting on the advise I got from this book I bought on Amazon "Good as Gold: How to Profit from the Coming Boom in Copper". Actually it was free once I downloaded the kindle app onto my PC. So, share those ticker symbol please.
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  2. tournique

    tournique Well-Known Member

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    Looks interesting, any good advice in it? It really made me curious now.
     
  3. content

    content Guest

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    This one looks as if it is a good venture, maybe I need to look for that book for more information and tips. You know getting into a new business needs tips and necessary knowledge in order to do well.
     
  4. SamClemensMT

    SamClemensMT Well-Known Member

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    Well even if you don't read the book. What you can do is go to your bank and change $10 a week for rolls of pennies that's $520 a year. Which the book claims will be worth something like $52,000 someday. If you did that for 20 years you would would be holding $1,000,000 worth of pennies. The book explains the market forces driving the price of copper.
     
  5. troutski

    troutski Guest

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    But pennies only contain 2.5% of copper against 97.5% of zinc. I doubt the price is going to rise and make it worthwhile to hard that many pennies across 20 or more years. That's just a hassle, although perhaps the book contains plenty of great information not related to actual pennies. I'll probably give it a readthrough within the next few days to see what I can find. Thanks.
     

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