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Investment concept #2

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  1. #9
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    I wouldn't invest in metals at this time. I am quoting three long time scrap yard owners. One of which is Jewish and wont spend money on nothing including food unless he has too..lol.

    Market is changing RAPIDLY! Daily price drops and highs....2-3x times a days. Absolute zero stability. All predicting 1-2c a lb for tin in next few months. It's horrible. Most say wont go back up till next year or several years. If you have room, then by all means hoard. If you dont, then dont bother. Unless you resell parts out of the appliances and what not like I do.

    I have been speaking with 3 scrap yard owners. I was told this by them all. One wont even give me a price list, because he is changing price every few hours throughout the day to reflect prices. I literally call every few hours and then jet down when it is at its peak during the day.





    So I wouldnt invest in anything scrap related unless it has a resale value. Hell I just moved 2 tons of cast radiators yesterday and got 270 when I was done. 2 years ago that would have been 600.

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