Commodities & SMF

But houses are up around here (this metro never seems to slow down much). I bought my first house (912 sq. ft. on the main floor) in 1996 for $78K. I sold at the height of the recession in Oct. 2008 for $125K. There have been 2 owners in it since 2008. I see that last one just sold. Don't know what the final price was but they had it listed for around $143K. If they got close to the listing price, that would be a 14% increase in 7 years or 2% a year. Nothing to hyper-ventilate about but a solid annual appreciation. Until things take their next dump...

Originally Posted by armygreywolf

I view another truth. Both Gasoline and FOOD prices are down right now...food not nearly as much but I have been noticing the trickle down changes to fuel prices being down so long. For instance, two years ago, around here a dozen ears of corn, gallon of milk and a single 20 oz soda was 10 bucks, today for me... 7.40 that really opened my eyes. So I looked at last weeks grocery receipt and then dug out old receipts until I came across a year old one, sure enough....food really is down (meat not withstanding here guys...).

In this, the dollar gets a little more stretch...not alot but for curb co the price of fuel certainly helps I am sure.

I gamble on , if Commodities stay low long enough then the true new prices develop ,
some times the price of Commodities is a hick up eventually low pricing is truth .
For now Oil then metals are developing to a lower reality
$ / barrel 44.77

Commodities - Oil, Silver and gold prices - CNNMoney

Where I live shred is at $60CDN/MT - Competition is a fierce as ever, dozens of people out on garbage day, 45 minute line-ups at the scrap yard on weekends.

I just dont get it.

With Curbo shoppers not going out so much, the cost to cities and town are going to go up. They are going to be getting more stuff and of course, this "stuff" 's valve had gone down.

Ridiculous. I never understood curbo co but to do it when its 60/mt!? crazt.

Originally Posted by ResourcefulRecycling

Ridiculous. I never understood curbo co but to do it when its 60/mt!? crazt.

I guess for some people its still some money, or food or gas or prescriptions or...

"Where I live shred is at $60CDN/MT - Competition is a fierce as ever, dozens of people out on garbage day, 45 minute line-ups at the scrap yard on weekends."




I live in what has to be one of the most competitive cities in the country for scrap. It sure has changed in the last year...used to be I generally had to wait at the yard, now it's every other time at best. It's noticeably slower at the yard and they all say it. Piles of yard steel almost don't exist the past month. I live right behind two thrift store dumpsters and other than me and a couple hardcore guys, both who have left for diff reasons, that alley is barren compared to a year ago. I still see people out and about, but it's usually the hardcore day after day scrappers. I won't turn down scrap though I'm not as likely to pick up steel odds and ends. I've moved to doing pallets and have some even bigger ideas for that...and I make way better money with them.

About 50% of the scrap I get is from curb shopping. I can usually pick up 500# in two hours. A lot less competition around these days. I shouldn't say 50% scrap. I resell a lot of things I pick up. I like driving around for pick ups, I amazes me the things people throw away. Can I say grills, grills, and more grills = dirty alum. Always magnet test the grill cover and body.

Originally Posted by nutpie

About 50% of the scrap I get is from curb shopping. I can usually pick up 500# in two hours. A lot less competition around these days. I shouldn't say 50% scrap. I resell a lot of things I pick up. I like driving around for pick ups, I amazes me the things people throw away. Can I say grills, grills, and more grills = dirty alum. Always magnet test the grill cover and body.

And some brass as well!