We handle copper everyday although you may not be aware of it so that some consider copper the forgotten precious metal. Our penny contains copper the value of which is actually more than the penny itself. Copper is also widely used in cookware, biotech compounds, electronics, musical instruments, fire extinguishers, construction and car manufacturing industry. The price of copper is intimately tied to the dynamics of economic activities.
Many people are now ready to take risks but wise enough due to the current financial crises and have started to invest their money wisely. Towards this end, they have chosen to include copper in their investment portfolio because they are anticipating a continued uptrend in the market fueled by emerging countries around the world, especially in Asia on their way to industrialization. People with money want to protect their wealth so they seek a "safe haven" or hedge against inflation. Investing in copper is the answer to their needs.
You can start your own initial venture into copper investment by buying copper exchange traded funds (EFT) or buying stocks in copper mining firms. The idea is that copper mining firms will profit when demand for copper increases and copper prices also increases. Some investors find it wise to invest in copper bars and bullions although the market for this type of copper commodity is not as developed as the markets for silver and gold.
Over the years, copper consumption around the world has grown to a level that has surpassed production due to increased commercial and industrial needs. Because of this, our copper supplies have been reduced while copper prices have greatly increased and have become volatile. Owning stocks requires that you are willing to go through the ups and downs of copper investing and lose some or all of your money in the unfortunate case that copper prices fall.