Thread: Copper prices
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Doug Miller Doug Miller is offline
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Default Copper prices

In article , "JANA" wrote:
I am an investment planner in precious metals and energies markets. For the
last year or so, the whole precious metals market and the energies have
being going up. Just in the last few weeks these commodities have dropped a
number of points, but this is going to only be temporary.

In the last 5 years, the average cost of gold has been increased from 280 US
to 560 US average price per ounce. This works to about 40% per year average.


Not even close. For an investment planner, your math skills leave a bit to be
desired. An investment that doubles in price in 5 years has gone up a bit less
than 15% per year, not 40%. Conversely, a commodity that was priced at $280
five years ago, and has appreciated 40% annually, is now worth $1506.


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Regards,
Doug Miller (alphageek at milmac dot com)

It's time to throw all their damned tea in the harbor again.