Ebay still bringing premium pricing on CPU's

I held onto my ceramic CPU's too long. Gold dropped and I was trying to decide whether to just send them ewasted and take less money or hold out until prices came back up. Well I am one who believes it is going to be a long long time before we see anything close to $1600 gold, and didn't like the idea of hoarding my collection that long. So I listed them on Ebay.

2.3 lbs pentium ceramic went for $110

1 Pentium Pro went for $28

5.5 lbs mixed cpu's (4lbs of which were pinless, 1lb pins, .5lb AMD ceramic) went for $148

I listed them saturday morning as "Buy it Now" and sold all of it within a couple hours. The Pentium Pro sold in 30 minutes. Pretty nice profit on a tower I got for $2!!!

Anyway, seems people on ebay are still paying premium prices for their cpu's. Also noticed gold ram is still going for around $15 per pound.

im not selling anything with gold at $1200, if pentium pros are at $28 now they will be at $40 when gold hits $1800 again

People buy CPUs because of their perceived value most times, not because of their actual value.

To this day I still meet people who swear up and down a Pentium Pro has 1+ grams of gold in them, when the truth is far different.

Another thing to consider is that gold coins, nuggets or even the "gold drops" as they are called, and which are really just melted metal like gold plated pins, can all be faked. It's far more difficult to fake a CPU and the gold it contains, so in an odd way it sort of is more secure than other forms of gold you can purchase.

I have a bunch of Gold Nuggets I have been selling on ebay, and although I get a premium above spot prices, it's still slow selling them. If I put up gold plated pins or CPUs, I can sell them by tomorrow with a better profit margin. As a refiner, it sometimes puts me in an awkward position where I have to choose between selling material for more than what I can refine it for, or conducting myself within the "noble" principles I want to be known for.

I don't see anything really wrong selling things for more than their actual value though when it comes to precious metals, for one reason the value changes all the time and for another, people are collecting them for the perceived value, and not the actual value.

Scott

The word there is "speculation"..just like stovks or anything else. I will be happy to sell to speculators...not sure if that violates any "nobel" ethics...it doesnt in my book. They assume some risk at buying at a premium but can also reap the rewards. Nothing ventured nothing gained....I tend to like to work off arbitrage so I accept less risk and get smaller rewards...but I turn stuff over alot quicker. I woukd not feel at all bad about selling to someone willing to pay. Just my 2 cents.

there is definitely some strong buys out there right now for those that can afford to buy and hold, metals are at a 3 year low

The great thing is that even a R2 certified company can sell processors on Ebay for the home refiners because in the R2 rules a CPU is not a cicuit board. Funny how it works.

Is it still right? That is for personal choice. For me, no just because of the businesses I pick up would drop me in a second if they knew I was selling scrap on Ebay.

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Originally Posted by jghilino

there is definitely some strong buys out there right now for those that can afford to buy and hold, metals are at a 3 year low

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A 3 year low because of an abnormal 3 year spike. ;)

Anyway people who collect computers and want to mess with a PPro system (yes there are a few) need to buy the CPUs (most boards are sold without the chip). Collectors seems to buy individual pieces of small lots, the bigger ones tend to go to gold nuts who have no clue how much gold is in them. CPU lots (386-486) used to sell for little money before gold skyrocketed (under gold value) and now are stuck at over recovery value. Sooner or later people will figure out they got burned and quit buying at the higher prices.

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Originally Posted by unknownk

A 3 year low because of an abnormal 3 year spike. ;)

Anyway people who collect computers and want to mess with a PPro system (yes there are a few) need to buy the CPUs (most boards are sold without the chip). Collectors seems to buy individual pieces of small lots, the bigger ones tend to go to gold nuts who have no clue how much gold is in them. CPU lots (386-486) used to sell for little money before gold skyrocketed (under gold value) and now are stuck at over recovery value. Sooner or later people will figure out they got burned and quit buying at the higher prices.

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fed is stopping stimulus, interest rates and inflation are going up, metals are headed back up, crude oil is over $100 and holding which is good for metals. I still think theres a chance gold will retreat to $1000 before it starts the run to over $2000.

Quote:

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Originally Posted by jghilino

fed is stopping stimulus, interest rates and inflation are going up, metals are headed back up, crude oil is over $100 and holding which is good for metals. I still think theres a chance gold will retreat to $1000 before it starts the run to over $2000.

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FED might be backing away from stimulus but they are not stopping it. Interest rates are still low as hell compared to what they were, investment money isn't free anymore (and if we get anything over marginal inflation they will dump free money again). Crude oil goes up because of speculation (crisis in Egypt/Syria spreading to the oil producing nations gets people worried). Libya used to get paid in gold for oil, don't think that is the case anymore. Metal prices in general go up with demand, where is that demand coming from? People who have to pay more for gas to get to work buy less other stuff. I wonder what the next bubble will be, gold and silver are done for a long time.

right now we are on the cusp of something big, either the market is going to boom or crash, it cant keep testing 15k for much longer as its been doing for the last couple months, either we are at the top or have formed a new support level

in my opinion the fundamentals have mostly turned from negative to positive, so i am bullish

we are overdue for some major market action, only time will tell

metals will go up in my opinion in the long term, negative or neutral in the short term