Coppers dropped a bit in NewZealand in the last month. My 'guesstamit' prices are off the net, but my yards prices are normally a bit better.
But dropping from NZ$6 to $5 a Kg will show up in my local yards prices....
Though there's this situation in NZ where a lot of company's, plumbers, builders, engineers, have saved up scrap over the year and then sell it all in one go, about now, and divide up the money between all the firms workers as a Christmas holiday bonus.
Its summer here now, we normally take two or three holidays starting on Christmas eve and passing thru NewYears until the 14 odd of January.
But, so do the scrapmetal places, at least some of them, and defiantly a lot of their workers.
So, they pay out a lot of holiday pay, and a lot for the extra incoming nonferrous metals.
So because of that, I think they drop the prices a little to cover extra outgoings, increased stock, and a nice bonus for their workers.
Hoarding? Well if you are not getting anything for light gauge, and hoarding it until prices increase (ah, Two years at least....)
It will bring in some money, but if you have costs to hoards it (rent etc), that's not really 'making money' I expect.
Maybe making money for your landlord... But over two years that's a lot of scrapmetal to store, and ten Tons may make you $1000, over 2 plus years its not a lot of money, and hardly a real 'profit' anyway.
Gold? Does anyone know what Golds going to do over the next year?
I get the impression its going to drop unless 'something' happens, and if 'it' does happen, it will rocket to over thou$and$ a Ounce.
But, I have been hearing that for ages, for decades when it comes to silver...
I have a 'Hoard' of
escrap that I will sell off in the New year, unless Gold rises, or I get the idea that it will.
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