I have a unique viewpoint because I grew up at what can be considered the end of prosperity. I was a mid 90s kid. By the time the dot com thing burst I was already an adult. Since then I've been told I'm too young an inexperienced to now the opposing viewpoint, I'm overqualified and they cannot make full use of my skill set, also known as they cannot afford me. This is where I was a few years ago. Highly educated, had a few years at a gigantic corporation under my belt...made my resume look fantastic coupled with military service and a slew of awards, certifications and continued education to go with it. So...for someone like me with enough school and transcribe-able military training to nearly produce a masters out of my butt...it doesn't mean much in today's economy.
I know we are in a full blow depression, a modern day super recession as it's been called. I know the commercial real estate bubble is about to blow as indicated by the signage all up and down my industrial park.
I know metals are way way way down. I expected this, with china not in a buying mood it was a matter of time. HOWEVER, unlike crude oil and so forth, as prices fall, supply will fall until it meets up with demand and starts to rise again...in my lifetime so far I've seen this wave rise and fall twice now. If history is an indicator, copper is the industrial metal to watch like a hawk, not gold, gold is inconsequential by comparison. copper is the every day metal by which nearly every industry in this country has some take on.
Also...you guys do realize that for palletized shipping of anything 1200 lbs on down to cost...18 to 25 cents on the lb you might just be MUCH better off sending your coppers/brass/non ferrous items to one of us buyers if your located in an otherwise depressed market. The brass in particular struck me... if it's that bad you can pretty much throw it all in a large flat rate maxed out for weight and send it to one of us.
Heck, I buy tool steels, steel alloys and aluminum alloys at enhanced prices that make shipping affordable, nickel based alloys...titanium, magnesium, if you can justify palletized shipping you can make quite a bit more than a local drop off. I know for the most part we reserve that kind of stuff for boards and parts and so on but I do buy some rather odd things, so do alot of guys here.
Diversify, Focus, Research. Make this your mantra.
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