Analysis of ewaste true value - Page 3

Originally Posted by unknownk

I stated 40-50% difference or more in my original post, everbody has a slightly different price they buy for but sooner or later you get into ripping people off territory. Nobody forced anybody to invest with scammers, so getting scammed is mutually beneficial now? if I paid your girlfriend/wife/brother/father etc $500 for a 1 oz gold bullion coin with metal content at $1700 you can sell at every other location for much more I guess you would think that is pretty much fair?

Sure some people just want their junk metal gone and getting some cash for it is just a bonus. I just don't see how stiffing the clueless on a commodity you just flip isn't intentionally ripping people off. I guess you guys all love cash-for-gold then?

Things like Cash-4-Gold and pawnshops are a rip-off to me because I've invested in the knowledge and have the patience to send my gold elsewhere and sell on eBay. But I would not call their business a scam. They are providing a service and individuals are free to engage in the service if they wish. These same individuals are a few goolge clicks or phone calls away from getting more for their money but it is their responsibility to do so, not the responsibility of cash-4-gold to raise their prices.

For example. You want quality services for cheaper prices? Don't call the guys with the huge banners in the yellow pages. Yet for some, this large full page spreads in the newspapers and yellow pages signal quality and trustworthiness even if it is not the case. The same is true of cash-4-gold. What they lack in prices offered to their customers they makeup for in availability and name recognition. To some customers, this means a lot.

Lets look at your scammers analogy in more detail. Remember, a transaction is twofold. I give you what I advertise and you give me what you advertise. If this transaction is free from outside force then, by definition, both parties must have valued the other individuals goods more than what they exchanged it for. This is proven by the acting parties making the exchange. In the scammer analogy I upheld my end of the transaction, but the scammer obviously did not uphold his bargin. Had I known this ahead of time, nothing would have been exchanged. Thus, the scammer is a fraud.

Fair is subjective. I would tell my brother that you ripped him off, as you would tell your that I likewise ripped him off if the cases were different. However, there is nothing inherently wrong with someone making lowball offers. We should be allowed to offer whatever we like. Again the responsibility falls on both sides of the same coin.

Seems like some of you forgot how to be business minded. Buy LOW, sell HIGH.

After all, scrap is worth as much as what someone is willing to pay for it.

Here is an example I found for a 20,000 lb shipment of telecom boards. After refining and shipping fees are deducted, the net value is $7.95/lb. I think for pc motherboards the value would be lower. I think this is a pretty realistic example, you can see that some of the larger ewaste buyers who deal with the refiners directly don't make an absolute killing on this stuff:

Forgot to add that this is a few years old and metal prices were lower then. However I'm sure refining costs are also higher now, so in the end it probably won't be a lot different.


Average Telecom Circuit Boards

Weight Shipped:		20,000.00	lbs	291,666.00	ozt	9,071.94	kg	9.07	Mt
Estimated Assay:
Gold		470.00	gms/mt	0.0470	%
Silver		1,500.00	gms/mt	0.1500	%
Palladium		100.00	gms/mt	0.0100	%
Copper		22.00	%	22.00	%
Gross Metal Content:						Markets		Gross Value
Gold		137.08	ozt			$ 1,108.80		$ 151,999.45
Silver		437.50	ozt			$ 17.11		$ 7,485.70
Palladium		29.17	ozt			$ 462.00		$ 13,475.13
Copper		4,400.00	lbs			$ 3.20		$ 14,080.00
						Gross Value		$ 187,040.27
Treatment:		$ 700.00	per MT					$ (6,350.36)
Shredding:		$ 100.00	per MT					$ (907.19)
Sampling:		$ 1,500.00	per lot					$ (1,500.00)
Assay:		$ 250.00	pe rlot					$ (250.00)
							Treatment, Sampling & Assay	$ (9,007.55)
Metal Acountability:			Min. Ded.		Applied			Retension Cost
Gold	95.00	%	10.00	gms/mt	95.00	%		$ (7,599.97)
Silver	95.00	%	100.00	gms/mt	93.33	%		$ (499.05)
Palladium	90.00	%	15.00	gms/mt	85.00	%		$ (2,021.27)
Copper	86.30	%	2.50	units	86.30	%		$ (1,928.96)
						Retension Cost		$ (12,049.25)
Net Metal Recovery:				Refining Rate:				Refining Cost
Gold		130.23	ozt	$ 5.00				$ (651.15)
Silver		408.34	ozt	$ 0.50				$ (204.17)
Palladium		24.79	ozt	$ 18.50				$ (458.65)
Copper		3,797.20	lbs	$ 0.20				$ (759.44)
						Refining Cost		$ (2,073.41)
						Total Cost		$ (23,130.21)
						Total Cost per MT		$ (2,549.64)
						Net Value paid		$ 163,910.06
						Net Value per MT		$ 18,067.81
						Net Value per Lb.		$ 8.20
						Inland freight:		$ 850.00
						Ocean Freight:		$ 4,000.00
							Net $/lb after freight:	$ 7.95

Originally Posted by Jeremiah

Things like Cash-4-Gold and pawnshops are a rip-off to me because I've invested in the knowledge and have the patience to send my gold elsewhere and sell on eBay. But I would not call their business a scam. They are providing a service and individuals are free to engage in the service if they wish. These same individuals are a few goolge clicks or phone calls away from getting more for their money but it is their responsibility to do so, not the responsibility of cash-4-gold to raise their prices.

For example. You want quality services for cheaper prices? Don't call the guys with the huge banners in the yellow pages. Yet for some, this large full page spreads in the newspapers and yellow pages signal quality and trustworthiness even if it is not the case. The same is true of cash-4-gold. What they lack in prices offered to their customers they makeup for in availability and name recognition. To some customers, this means a lot.

Lets look at your scammers analogy in more detail. Remember, a transaction is twofold. I give you what I advertise and you give me what you advertise. If this transaction is free from outside force then, by definition, both parties must have valued the other individuals goods more than what they exchanged it for. This is proven by the acting parties making the exchange. In the scammer analogy I upheld my end of the transaction, but the scammer obviously did not uphold his bargin. Had I known this ahead of time, nothing would have been exchanged. Thus, the scammer is a fraud.

Fair is subjective. I would tell my brother that you ripped him off, as you would tell your that I likewise ripped him off if the cases were different. However, there is nothing inherently wrong with someone making lowball offers. We should be allowed to offer whatever we like. Again the responsibility falls on both sides of the same coin.

Check out Cash4Gold on BBB (aka CJ Environmental) I has to press suit againstb them myselves. They aslo run a site (cashforelectronicscrapusa.com) That is NOT EWASTED...

Originally Posted by MisScrap

Check out Cash4Gold on BBB (aka CJ Environmental) I has to press suit againstb them myselves. They aslo run a site (cashforelectronicscrapusa.com) That is NOT EWASTED...

Also "CashForDiamonds" I'll bet the BBB knows them on a first name basis now.

As far as the cash for gold places, you also better know the difference between grams and pennyweights. Most pay in penny weight or dwt, which is equal to 1.555 grams. What will happen is that they will tell you you have 2 dwt and pay you at the gram price . So if your gold weighs 2 dwt or approx 3.11 grams you may only get paid at the 2 gram rate if you are not savy knowing the difference. Also most of these places are only paying 80-85% of spot price even on 24k scrap. If you have a local refiner you are better off going there. At minimum you ahould be getting 95-97% of spot price on 24k scrap. They shoukd also be putting the scrap in an xrf machine to get a true assesment of the make up of metals and not just going by whatever the karat marking is.

Most karat markings are over valued meaning that what is marked as 18k is usually less than that.