Believe In A Housing Rebound? Consider Playing It By Buying Copper Exposure Now

There are a number of reasons to have exposure to precious metals such as gold, silver, platinum and copper in your investment portfolio. Perhaps as portfolio insurance or perhaps owning it in physical form, should we be faced with financial Armageddon. One potentially overlooked reason to own copper by the average investor is a rebound in housing. A rebound in housing could be a tremendous catalyst for the price of copper because the home and office building construction sector uses approximately 40% of the copper in the United States, with direct residential construction constituting approximately two-thirds of the market. There are approximately 195 pounds of copper electrical wire in the average new home constructed in 2010. This does not include the amount of copper wiring that goes into home appliances, plumbing and air-conditioning systems. Copper conducts electricity better than any other metal except silver, according to the Copper Development Association. Copper used for electrical wire is typically refined to at least 99.98 percent purity when used in the home electrical systems. Copper plumbing pipes are lightweight and very malleable, so they are easy for plumbers to work with and are frequently utilized in home construction. Copper pipe conducts heat well, so the pipes get warm during exposure to hot water and stay warm, helping to keep water consistently warm as it travels through the home. For months and months we have been hearing about the so called bottom in housing. Analyzing whether housing has rebounded off the bottom (finally) is.......SEE FULL ARTICLE