Hoard Hoard Hoard.... NOT!!! And this is why...

Originally Posted by huntersarrow

Market prices aside, its driven by supply and demand. If everyone hoards, supply drops and demand goes up, prices would get a bit better.
Then everyone cashes in and supply goes up, demand is met and prices would drop or pan out.
Personally there is nothing wrong with hoarding if you can do it. My Yard held out for 3 years with copper (but they had storage space) and bought heaps at low prices
and did well when they picked back up. Steel is not worth hoarding at any price so that kept the ball rolling. i'll hang on to anything that's worth more than 50 cents a kg, until i run out of space. plus no point in making a $100 run unless i'm desperate. Depends what works for you i guess

You hit the nail on the head. If you need the cash, turn and burn. If you have the room, study the markets, and are flexible, stockpile not hoard. Take the insights of others and apply it to your situation. There is not one strategy to all situations.

Originally Posted by Patriot76

You hit the nail on the head. If you need the cash, turn and burn. If you have the room, study the markets, and are flexible, stockpile not hoard. Take the insights of others and apply it to your situation. There is not one strategy to all situations.

Best comment in this thread, every word.