Copper wire

Just being nosy how long do u guys wait to take copper in. weekly, monthly or pounds ? I do understand its not really my business but let me know if you'd like thx

never less than 3.00 for bare bright

Some of us take it when its enough to weigh. there are quite a few that are living truck bed to mouth

When the price is up. been low here for a while now. been saving up since may of last year

My steel go for gas to keep scrapping. My brass, copper i'v ben saveing for 6 mo. And will be saveing it for 4 more, To buy a Goldwing.
No not a new one i like Oldgold 1975 - 1983.

I take mine in once a week with all my non fer its what pays the bills.

I take mine in weekly...just picked up 6000lbs of insulated today...will be off trailer tomorrow

I take mine in whenever I want to. Jghilino, you only got 1.05# for your copper????

Cash is King! I take mine in biweekly, it keeps cashflow steady! Zero cash flow means less purchases and less product to sell. Copper pricing isn't like holding onto stocks for 18months or 3 years! (GOOGLE (GOOG) stock swing from 2/12 $600 to 2/13 $785)



As you can see by looking at this if you're stashing your copper the widest margin you could have made in the last 12 months would have been about .90 a lb if you accuired at the lowest of low and sold at the highest of high. Be real with your self about this.

So if you took in 100 lbs (using round numbers makes it easy). Would have made a total of $390 ($3.90x100lb)

Now lets say you took your copper wire in every 2 weeks or 26 times during the year! Using the same 100 lbs. you would have took in 3.8 lbs per 2 weeks. (don't get lost here)

(3.8lbx$3.60=$13.68x26=$355.68) 3.8lbs per week multiplied by yearly avg price $3.60 multiplied 26 times in a year equals $355.68 in one year. $35 less then from hoarding it over that period of time.

My point here is this, you can use any numbers you want, your yard prices, your copper quantities, ETC. The swing number (.90) from the high price to the low price is whats important so don't get caught up in the numbers. Here's what I look at! I'm not gonna wait an extra 60/90/365 days for an extra $35. I'm gonna take my $13.68 every two weeks and try to double it.

Exception to the rule here is if you can't save money or hold on to cash, I could see why you may do this. But as a business decision, turning your inventory is key. You have to know if i wanna make $1000 this month I have to spend $500 to get it. It takes money to make money, and I like to make my money off other peoples junk. It's easier for me to turn $13 worth of purchases into $25 or $30 worth of scrap, its harder for me to sit on copper for long periods of time hoping it brings me more money trying to predict the market.

I'm not a genious but **** i'm good looking!

Whenever I need extra money. No matter how much I have..

I suspect a drop in copper prices. Canada has done away with the penny and the gov't is selling it for scrap. Federal officials said more than 35 billion pennies have been minted in Canada in the past 104 years. This, they've noted, would weigh 94 million kilograms. – or as much as 1,500 Leopard 2 tanks.