Once I saw the midday sun reflecting off a pile of pennies, I knew I had found the right gravestone…
After snaking through dozens of dilapidated headstones of those long dead and gone, I had finally arrived at the location I was looking for. You see, I recently took a leisurely stroll through Baltimore’s Greenmount Cemetery to visit the final resting place of America’s most notorious assassin: John Wilkes Booth. He is buried in an unmarked grave, surrounded by his family.
Visitors to the cemetery have taken up the custom of laying pennies, face up, on the headstone to pay tribute to Abraham Lincoln — the man who made John Wilkes Booth infamous.
But I’m not here to talk about a handful of pennies on a dead man’s grave. I’m here to talk about putting a few million pennies in your pocket…
The Lincoln penny is important for a number of reasons. For one, it was the first American coin to depict a real person. Before it began circulation in 1909 the only person who appeared on minted U.S. coins was “Miss Liberty.”
But the outpouring of grief and support after Lincoln’s assassination at the hands of John Wilkes Booth motivated Theodore Roosevelt to commission the coin with Lincoln’s face, and it has since become the longest-running coin in U.S. history — and among the longest-running coins in the world.
It’s also the object that most comes to mind when the average American thinks about one of the most valuable metals in history: copper.
Copper really doesn’t get the respect it deserves. Humans have been making currency out of copper since 8,000 B.C.
Nowadays, pennies aren’t made from copper — since 1982, pennies have been made from 97.5% zinc, with a pure copper coating that takes up the other 2.5%.
Copper is simply too expensive to justify a one-cent piece.
But it is a crucial component for everything from building construction to plumbing to electronics. Electric cars wouldn’t be possible without copper to build the batteries.
And the demand for copper has never been greater. China is set to soak up around half of the world’s supply of copper for infrastructure projects and construction expansion. The price continues to rise to meet the demand for all of the other uses it has.
This is why today may be one of the best times in recent history to begin investing in copper.
Here’s how to make a mint trading it — and it’s far easier than collecting pre-1982 pennies…
This week, Goldman Sachs — which has been extremely bearish on copper in the past — raised its 12-month copper target from $5,500 a ton to $7,050 a ton. That is a massive increase. Goldman also noted that it could hit $8,000 a ton by 2020. Citi Research notes giant public works projects, such as thousands of miles of power line infrastructure that will “eat up mountains of copper.”
This will keep pushing up copper prices and make copper miners one of the most underreported financial stories of the next few years.
But unlike gold or silver, you aren’t likely to stockpile physical copper. Your best bet is to find yourself a solid copper miner…
That’s what my colleague, Gerardo Del Real, does for a living. He’s just discovered a remote company in the foothills of Nevada that may be sitting on the mountains of copper needed for all of these projects.
The company only trades at around a $21 million market cap today, but Gerardo believes it is actually worth at least $225 million based on the value of its current copper stake alone.
It has total reserves around 2.7 billion pounds of copper — enough copper to build an entire city.
We’re now on the verge of another copper bull market and this company is perfectly aligned to take full advantage.
