Might have taken a hit, now its time to gamble. Will you buy more now that the prices have tanked? Or will you sell for a loss? I say it might be time for people to make or break themselves.
Crt & Ewaste Specialist
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Might have taken a hit, now its time to gamble. Will you buy more now that the prices have tanked? Or will you sell for a loss? I say it might be time for people to make or break themselves.
Born to think, destine to succeed.
Metal Recycling Entrepreneur
what if you stock up and the price drops again ?
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i am just gonna break down what i have and drastically lower my prices
BUYING ALL COMPUTER SCRAP WORKING OR NOT
CHECK OUT MY BUYERS THREAD http://www.scrapmetalforum.com/scrap...nic-scrap.html
https://getjunk.net/Knox-County-TN-0...Recycling.html
Metal Recycling Entrepreneur
I googled silver to see where the price was at. Here's one of the headlines pertaining to it
World Events Tell Us That Gold And Silver Have Lower To Go - Forbes
I'm not endorsing the article, whether it's right or wrong. In fact I didn't hardly even read it, but was only pointing out the headline, and I suppose Forbes is a fairly well respected source
Last edited by Bear; 04-17-2013 at 01:55 PM.
Crt & Ewaste Specialist
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Bear I saw that as well. It will go lower, but with material being so cheap you can get 5 times the amount for what i was paying before. Im just moving extra profits from reselling around to acquire high end material and putting it in storage. IF i loose so be it, if it comes back it will be game changing. I like to gamble so ill be taking a risk.
Metal Recycling Entrepreneur
haha, twinkies! man, twinkies is where it's at ; )
Crt & Ewaste Specialist
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I have 4 boxed squirreled away for a rainy day..... got to save the Twinkies from extinction.
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nawwww I would devour all the investment. now holding chips back...little harder to consumeOriginally Posted by Bear
Metal Recycling Entrepreneur
silver's kinda hard to chew
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Ewaste has been good to me and I have made 1000's but I am going to scale back my ewaste operation and look into other avenues of making money......I am doing pretty well re-selling but that market is up and down as well..........anyways still buying just not gonna pay much so in my opinion I won't get as much as I was because others will continue to buy
Power cord power ranger
Bullion is smaller and takes up WAY less space..
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Buy now if you got the money and storage space. Buy cheap and hope to sell high. Smart money always says buy when the prices are low and sell when high. That's how the rich get richer.
Metal Recycling Entrepreneur
I recall an old movie(older movies tended to be closer to some truth) about when the stock market crashed in 29? Stocks were near worthless and everybody was stuck with them, then some guy says, "Don't sell! Now's the time to buy! Buy, BUY!!" as he's buying up everybody's worthless stocks. The next day he was jumping out an office window
im def not going to slow down. the way i see it i will just have to work a little harder for less money. i can lower prices & and pick up buisness that others in my area dont want to do. i was suppose to drive up to see mario tomorrow with a 16k load. it hurts but the way i see it is im still making money & doing something i enjoy. i may have to put off doing this full time for a while though. its tempting to go out and buy 1000 ounces of silver.
Metal Recycling Entrepreneur
haha, yep, other words of wisdom. I also recall a guy saying, "if I can't go out and make a buck, I'll go out and make 50 cents" ; )
New Guy
Warren Buffet- "Be cautious when others are greedy and be greedy when others are cautious."
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Since the drop I have had several calls to buy gaylords full of boards which of course I was buying before......I told them I was now charging for the material to be hauled off LOL
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I knew there was a reason I moved into a ranch/one story.
Recyclable Material Merchant Wholesaler
Certified Zip-Tie Mechanic
"Give them enough so they can do something with it, but not too much that they won't do nothing."
Metal Recycling Entrepreneur
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9% market drop in spot price for gold = 30% drop in my offering price, which accounts for refining costs remaining constant, and my buyers tightening up thier margins. every day is a great day to make money, you just need to be smart about it, and understand human psycology and have lots of money to play with.
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I called my yard for a price on high grade today and the guy told me that he didn't even have a price. He's not buying until he can get a feel for where things are heading.
Success consists of going from failure to failure without a loss of enthusiasm...... Churchill
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