After watching Gold Rush on discovery, I started thinking.. Is this huge "scrapping boom" just another modern day gold rush? With all these here one day gone the next scrappers, do any of you guys think that the amount of people doing this will start to decrease over the next few years? More? Less?
When I started out a few years ago, not many people in my area did scrap. None advertised it anyway. Then all of a sudden Boom. Everyones in on it.
The way i see it, over the next while more and more people will start doing it, and i think that will keep pushing prices lower and lower. Reason being, with everyone doing it, theres gonna be a lot more material goin in, and with that huge increase, therea gonna be a lot less demand. I think alot of these small time, tryin to get rich quick guys are gonna realize "crap this isnt worth it anymore. Im out." Just like the gold rushes of way back.
For me, its in my blood now. I hope to make scrap my full time business later in life. And im sure others are the same. But i also think alot of guys are just in it for the quick cash. And over the next while everything will even out. The boom will peak, and the amount of people doin scrap will settle. Maybe not to the level it was before though.
Thats just the way i see it. Would love to hear other opinions.
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