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.
Printable View
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.
what if you stock up and the price drops again ?
i am just gonna break down what i have and drastically lower my prices
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
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.
haha, twinkies! man, twinkies is where it's at ; )
I have 4 boxed squirreled away for a rainy day..... got to save the Twinkies from extinction.
nawwww I would devour all the investment. now holding chips back...little harder to consumeQuote:
Originally Posted by Bear
silver's kinda hard to chewQuote:
Originally Posted by BroJer
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
Bullion is smaller and takes up WAY less space..
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.
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.
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" ; )
Warren Buffet- "Be cautious when others are greedy and be greedy when others are cautious."
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 LOLQuote:
Originally Posted by Bear
I knew there was a reason I moved into a ranch/one story.Quote:
Originally Posted by Bear
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.
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.Quote:
Originally Posted by mikeinreco
its crazy nuts here right now I am sitting on 5k worth of boards and was sad until the last few days, now since this is money I have maybe not so much to spare in the sense but ok to sit on its fine. so I reposted my ads and lowed my prices all the way down to 50cents a board from $1lb and $2each whole unit instead of $5 figuring that at least showing and explaining my prices maybe no one would sell to me but can still show up to play the game. I was dead wrong, I am getting more business than I did before even before I sad down to read a bit here I bought 4 computers and 17 boards and 45 hard drives at 15cents each from the 50 I offered before and so far over this past not really even 2 days like 30hrs. people have sold me 35 computers 104 boards 91 dvd/cd drives at 5cents each 63 hard drives and 170 video/sound cards at 10cents each. I do not buy wire but free to take which is at least 300lbs but with it raining here and boxes wet it might be off by 50lbs. its my best week ever here and still have a few days to go. the best part is I have 6 pros at 2 487's in this I have set aside. so even if I have to wait another year for prices to go up again its like a big tax return lol
Thats what im saying travis NOONE is buying right now but the ewaste is still there. Plus gold is rising and stable slightly now just below 1400 if we see it hit 1450 and stay it will change thing around again.
And we all know movies are greatly reliable for good adviceQuote:
Originally Posted by Bear
The rich can buy when others are selling because they can sit on it for a long period of time with no worries. Quite a few people made a lot of money coming out of the great depression of the 1930's because they did buy up hotels and other property for little money and could sit on them for years. It is always good to have cash and no debt, money is to be made in turbulent times if you have a good plan and resources to see it through.
I will continue to buy, and pushing harder than I was before. A lot of guys stop buying so I am going to pick up their customers and I plan on keeping them. Just because the price went down doesn't mean you stop buying, you continue buying and take care of your customers.
I will continue to buy but will have to lower my prices according to the market. I also get alot of free stuff that will offset some of the loss.
I had a load en route when this drop hit. Some of the stuff I am selling may not pay for itself with postage added. It's not going to break me, but I'm rethinking my buying prices even when it rebounds. For now, everything will have to be cheap. On a better note, a local guy gave me 17 towers Friday, so I can definitely make something from those.
This drop has shaken up some of the silver hoarders. I may get to venture into buying some 90% silver coins this weekend. I've been concentrating on scrap, but it might be time to go with coins if the price is right.
better hurry numbers are recovering fast!!!!!
I dont think there is a need to hurry. This quick, steep drop in prices will temper the major buyers out there.Quote:
Originally Posted by Dunemaul
You're going to see some real conservative numbers until (1) they recover their losses and (2) they feel the market has stabilized.
By the way, it's not just the precious metals-copper is taking a beating also.
for the ones that want to sell at a nice price right now ebay is still going strong I have made a few nice sales this week on this like hard drive motors and the best selling is 3oz or less cards I would normally cut the fingers off but not even after ebay fees I am selling at $5.23lb
Gold had its best day in 3 weeks ending back above $1425 and its best 5-day run in 18 months... Just sayin
Broke 1450 this morning finally. Lets see it keep going.
Yea I'm holding out a little longer before I ship out my boxes of escrap. I think in the next week we will have better prices.
I'm hoarding all my e-waste since I payed nothing to get it. India and china are buying up a lot of gold when it drops. Gold will go back up.