And there isn't anything like that anywhere either so maybe he just didn't want me making more $$ off him that day I dunno, it was odd to say the least.
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And there isn't anything like that anywhere either so maybe he just didn't want me making more $$ off him that day I dunno, it was odd to say the least.
Experienced Scrapper
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Farmers have been trying to coordinate that same meneuver for decades or centuries. It can't work with a large number of commodity suppliers. Some will reenter 'early' if they ever even stop at all. Then its simply lost (or delayed) revenue for those who joined the 'holiday'. Also, remember that we are vendors at the scrap yard, not customers.
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There is a chart for the month and a chart for the last year so you can see what it has done. I have read on different sites that copper is supposed to be the next gold. I think because of China's demand.
http://www.metalprices.com/FreeSite/metals/cu/cu.asp
P & M Recycling - Specializing in E-Waste Recycling.
If you enjoy your freedom, thank a vet.
Mechanic's 1 year chart shows some necessary consolidation of the price. I think values of most commodities increased due to inflationary pressure from the quantitative easing policies of the central banks. Too much paper money in the system drove prices higher. We have likely reached a new normal in commodity prices. When the global economies pick up again, copper is probably poised for greater increases from stronger industrial demand.
I'm small time, but I turn in my steel more frequently just because it takes up so much room. Cu pile in motors, transformers, and wire is getting pretty large, but will require an extra step of processing to maximize profit from it. Rather than take the time to get it out, I usually work at bringing in new material to tear down. So I guess I am hoarding by default.
President, VIP Recycling
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EDIT: Nevermind, I saw your other post that answered my question.Originally Posted by newattitude
I thought you were going to say that you took in like 1,000 lbs of copper, but even then, there should be no issues.
It is all about supply and demand for scrap yards and THEIR buyers. Their job is to get as much as they can to keep their buyers happy, or their buyers will go else where.
Last edited by GeorgeB; 09-14-2011 at 08:46 AM.
George Beale - Founder & President - info@viprecyclingjunkremoval.com
VIP Recycling Junk Removal LLC - Premier Scrap Metal, Junk, & Electronic Recyclers!
http://www.viprecyclingjunkremoval.com
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personaly I havent done any of that sence my days in coutr....oh wait you said hoarding. Im an apocolipitic, survivalist, skeptic cermudgen. I hoard all items that will be easy to build from after the shtf.
Aussie Scrapper
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In Australia if you do not have an ABN (Australin Business Number) like a Taxation number for business only..
you can only receive up to $300 per day from ANY scrap yard. even then you give your licence which they photocopy, and they record your car regestration number.
I know the local yard pretty well, so we weigh as we go, then as the weight vs value hits $300 we stop and I put the rest back in the truck
p.s but I do tend to hoard copper and brass untill I have minimum 30lb brass and/or 80ld copper.
Last edited by Torker Man; 09-15-2011 at 11:49 AM. Reason: spelling...
Ok...I was not about to read all of this...lol I feel lazy....but what I will say to the OP is this.
invest into gold. Gold prices will drop but they come right back...so buy alittle here and there when you see the market drop an in a few years sell...you will be a very happy man.
Experienced Scrapper
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Okay folks time to hoard!
I am squirreling away till spring, in price that is.
When the white man discovered this country Indians were running it
no taxes, no debt, women did all the work.
White man thought he could improve on a system like this. - Old Cherokee saying
I did not surrender, they took my horse and made him surrender. - Lone Watie
I know its hard to detirmine the direction of the market, I have a large quantity that i should have unloaded mid summer. But hey what are you going to do. All I got to say is when the price is good the price is good. Waiting for above and beyond price in a sporatic market wont have a good turn out. .02
Well...I want my 2cent more on everything I am getting now lol
Of Course! Since early spring articles, blogs recycling today magazine, Sims CEO all felt that by fall copper prices were going to hit near $5/lb. Well needless to say it didnt go as planned. I have close to 30 55 drums of type 1,2 and BB. Hoarding since March. I really felt I should have unloaded in july. I need to go with my gut from now on.
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Just don't sell in a panic.
People may laugh at me, but that's ok. I laugh all the way to the bank.
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well this week should give you a good answer, hoarding my boards just cost me at least $200. and may have cost easy and others a lot more.
However there are some Items you should hoard. non parishable food. Trade goods like coffee lead, red beans and rice, spices, salt etc. Just my .02
Last edited by EcoSafe; 09-29-2011 at 09:39 PM.
Aussie Scrapper
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...Ammo and water purifying tablets too don't forget!
No point buggin out with your copper hoard LOL!!
"roaming the streets, looking for treats"
BB? Brass?
Bare Bright copper
Thanks MBM. What price range does that usually bring? I don't think any of the yards I deal with quote a price for that.
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Its usualy the best price of copper. Like pipes and such. usualy more then #1.
Experienced Scrapper
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When you said "When i took it in the guy told me not to come back that day with anything else" what did you mean by that?
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