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Cashing in, is only a matter of time.

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  1. #11
    1956's Avatar
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    Well every one has there own opinion on the storing of material, my opinion is I buy it I sell it it has worked for me for quite a few years, thinking or better yet hopeing the market will turn back to the highs of the last couple of years is a gamble that in my opinion is no way to run a business, copper in the scrap metal business is by volume and value the most precious metal we deal with and can like mentioned in a prior post a way to go into bankruptcy, buying this Commodie for a price gambling it will go up in value just does not make sence to me. Being a former yard owner I can tell you you never gamble with the highest price metals by hoarding them recipe for disaster. My advise to you would be if you want to gable , gamble on items that contain copper, perfect example electric motors, an item that if copper goes back up the coper bearing motors would also go up so you are not tiring up lots of capital and the amount of money you are gambling with would be a hole lot less. Just one more point I would like to make copper has a way of disappearing especially if a few people know you are storing it, so proced with caution best of luck.


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