I saw a tv show long time ago. I mean 10+ YEARS ago about modern treasure hunting.
One segment was about a gold refinery company in California.
They were profitable back then and gold was around $400.
So as long as their operation is lean and efficient it will always be profitable.
However, a LOT of metal and
e-waste businesses are hurting because things were too good too long. So they built crazy overhead, that's hard to reduce.
I am juast starting and if I keep stuff lean and mean, I am sure I will be in this for a very long time.
I am just a handler, breaking downer (is that a word? lol) and better than scrap seller.
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