Results 1 to 3 of 3

A Potential Investment

| General - Let's talk business
  1. 01-05-2013, 01:47 AM #1
    adamperak
    adamperak is offline Metal Recycling Entrepreneur
    adamperak started this thread.
    SMF Badges of Honor
    Member since
    Jan 2013
    Location
    Singapore
    Posts
    29
    Thanks
    38
    Thanked 8 Times in 7 Posts

    A Potential Investment

    I have this weird idea. So there's this store that sells stainless steel plates that are relatively small maybe the size of an ashtray. Some are painted yellow to imitate a gold like color. They sell these plates for about 30 sen which is about 10 US cents. Now say I would buy about 10 of these plates that's 3 RM or 1 USD. The plates aren't that heavy and about ten may make a pound. Do you think I should buy them and bring them back with me? Or should I talk to my Yard first and work out a deal with them?










    Thanks for the help!
    Register to reply. Register To Reply
  2. 01-05-2013, 01:47 AM

  3. 01-05-2013, 02:34 AM #2
    Mechanic688
    Mechanic688 is offline
    Mechanic688's Avatar
    SMF Badges of Honor
    Member since
    Mar 2011
    Location
    Warsaw , Ind. In the heart of the lakes, and down the street from the hotel where Al Capone stayed.
    Posts
    9,568
    Thanks
    11,247
    Thanked 10,730 Times in 4,728 Posts
    Quote Originally Posted by adamperak View Post
    I have this weird idea. So there's this store that sells stainless steel plates that are relatively small maybe the size of an ashtray. Some are painted yellow to imitate a gold like color. They sell these plates for about 30 sen which is about 10 US cents. Now say I would buy about 10 of these plates that's 3 RM or 1 USD. The plates aren't that heavy and about ten may make a pound. Do you think I should buy them and bring them back with me? Or should I talk to my Yard first and work out a deal with them?






    Thanks for the help!
    over here SS is only around .60 lb in scrap
    P & M Recycling - Specializing in E-Waste Recycling.
    If you enjoy your freedom, thank a vet.

  4. The Following 3 Users say Thank You for This Post by Mechanic688:

    miked, Phantoms001, Scrapette
  5. 01-05-2013, 09:11 AM #3
    miked
    miked is offline
    SMF Badges of Honor
    Member since
    Jul 2011
    Location
    Jacksonville, NC
    Posts
    4,917
    Thanks
    15,632
    Thanked 5,861 Times in 2,713 Posts
    I doubt that there is any profit to be made but you could buy one and get an accurate weight and do the math. It seems unlikely that a new product could be made cheaper than it's scrap value. Spend your time looking else where for used junk to sell for its scrap value. There are many threads that explain many different ways to locate scrap and I suggest you read alot more of them. Mike.
    "Profit begins when you buy NOT when you sell." {quote passed down to me from a wise man}

    Now go beat the copper out of something, Miked
    Register to reply. Register To Reply

  6. The Following 3 Users say Thank You for This Post by miked:

    IdahoScrapper, Mechanic688, Scrapette

    7. Similar threads on the Scrap Metal Forum

    1. Stacking #1 Copper as a Precious Metal Investment
      By scrapperben in forum Off Topic Discussions
      Replies: 29
      Last Post: 07-30-2024, 11:42 AM
    2. $3 investment and turning it into an easy $30+ return
      By GeorgeB in forum A Day in the Life of a Scrapper
      Replies: 25
      Last Post: 12-21-2012, 05:15 PM
    3. buying and reselling investment grade copper
      By danielms in forum Off Topic Discussions
      Replies: 2
      Last Post: 03-28-2012, 06:53 AM
    4. Best Investment?
      By dherik in forum Tools and Equipment
      Replies: 38
      Last Post: 09-23-2011, 11:26 PM
    5. Scrap Metal as an investment
      By Mick in forum General - Let's talk business
      Replies: 6
      Last Post: 11-20-2010, 11:30 PM

« need scrap on a small scale | So I'm back in Michigan and ready to work! »

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.




OR

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules


The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF Recommended Links

SMF on Facebook and Twitter

Twitter Facebook