Cashing in, is only a matter of time. - Page 3

Copperhead, I was simply suggesting to honor one of the most profitable and fundamental principles of investments, when the price is down, increase your holdings. In regards to scrappers, hours your most precious commodity copper until better pricing reveal itself. Sell if you must, but obey the principle if you want a big Gandhi one day.

F350, you freakin got it and you nailed it. What poor folks don't do is think like the rich, which is their biggest mistake. Rich folks can afford to drop a cool million on a certain stock when the market is struggling because they understand it is a bull market. Why it's called a bull market, let me explain, when you release a wild bull from its pen, what does it do, that's right, it goes up and down repeatedly. Copper prices will come back, I don't care if it takes 5 years and because I can afford to store it, I will be cashing in on it.

Originally Posted by F350scrapper

TheRecycler- Im with you Ive got the space to store and hold my copper. I see some of the biggest losses in my compressors when dealing with the industrial 100 pounders at current pricing im losing 8 dollars a piece plus the loss on the radiators. It all comes down to cash flow and space if you dont need the money right away and have the space why not hold it?

Originally Posted by Victor

All this talk of hoarding, stockpiling, whatever........

What if the market stays down longer than you can stay solvent while your "hoarding" your stash? Your burning through working capitol and living expenses while you hope and dream for higher prices. Great way to go bankrupt. That business plan is futile. You might want to work on adjusting your business model to cope with this instead.

Do yourself a favor and look at the historical copper chart for the last 30 years. There was a 15 year stretch where spot never broke over $1.50 per pound.

Which brings up a good point, don't hoard anything you can't afford to. I Have procured a small bunch of cars and as it sits now won't have any need to sell for years. I reinvested upwards profit and bought right so selling will be a matter of when it's right.

Anyone else notice the price of gas creeping up, might not have to hoard long.

Originally Posted by KzScrapper

When it comes to Carbide a lot of weight can fit in a coffee can so it doesn't take up much space at all. Not sure I've seen it go for much more then $12 bucks though.

As much as I hate to remind people, we never really know what tomorrow brings and any one of us could be 6 ft under by weeks end. When looking over my inventory I try to keep that in mind and how would it impact my family when it comes to trying to convert inventory into cash. I feel like once the initial impact has passed they could deal but would still be a chore. I think of Mick and the 1000 pounds of copper he was sitting on, waiting for a better price, when he passed.

wtf mick is gone ? When no one told me.

Originally Posted by taterjuice

wtf mick is gone ? When no one told me.

http://www.scrapmetalforum.com/scrap...ick-smith.html

Eric

I can't say I know the man which is my misfortune. I send my regards to his family, they have lost an icon.

My copper pile and non ferrous pile is growing like crazy. Thanks to the constant trashing of crt tvs and tax time new purchases.

Originally Posted by TheRecycler

F350, you freakin got it and you nailed it. What poor folks don't do is think like the rich, which is their biggest mistake. Rich folks can afford to drop a cool million on a certain stock when the market is struggling because they understand it is a bull market. Why it's called a bull market, let me explain, when you release a wild bull from its pen, what does it do, that's right, it goes up and down repeatedly. Copper prices will come back, I don't care if it takes 5 years and because I can afford to store it, I will be cashing in on it.

You should do what you think is best.

The market is driven by two forces. They are fear and greed. Greed is symbolized by the bull. He charges forward. Fear is represented by the bear. The bear is cautious.

Thus ... you have what are called bear and bull markets.

Most of the rich folks that i know of live on the dividends from their investments. Their money is kept busy working for them.

Look at it this way .... you have a certain amount of time & energy invested in your copper. That's your money. Right now, it's just sitting there not doing anything. It's not being kept busy working for you.

There's nothing wrong with this but you're not factoring in currency inflation. Five years down the line they might be paying twice what they are today but the currency might only have half the purchasing power. The end result would be that you would be no further ahead than if you sold it right now.

Scrappah, well said. In the end it's a gamble or calculated guess at best. Let's see what will happen.

There is a saying, "Out of disaster, comes opportunity." That just might be the case with copper prices taking flight one of these days. I'm hoarding like a big dog. Just in the last three days, I have come across about 20 crt tvs which will come out to be about 50 lbs of copper when fully processed. It cost me nothing and I can afford to hoard.

I survived '08 and I'm pretty sure I'll weather this storm

Taterjuice that's the spirit. I'm just gonna keep hacking away. Payoff will come one day. QUOTE=taterjuice;241610]I survived '08 and I'm pretty sure I'll weather this storm[/QUOTE]

I strongly agree.

QUOTE=junkfreak;241652]I like hoarding my copper and brass. Its money in the bank.[/QUOTE]

Sounds like you have a game plan sewed up. Good luck with it all.