I am currently in a situation where I am not purchasing scrap unless it falls under certain conditions because I am growing my business and doing work that must be done before I can process in my new location. Considering the volatile nature of precious metals, the value rising and falling, it would not serve me well to purchase scrap and sit on it for the next 30 days while I get my business in order. The prices could drop below a point where it would make the material profitable to process. For example, if I purchase gold bearing scrap at 90% of it's value, and gold drops 10% in price, I now have to wait until gold goes back up to make it profitable to process and sell.
If I might be so bold as to suggest another option, I would like also to see people selling scrap posting sell prices so that buyers can shop sellers as well. It might be that a seller could attract buyers by posting the prices they would sell their scrap for. This might attract more buyers to the forum, or cause people that purchase more dynamically to be more interested in purchasing. It could also be that someone may be willing to pay more for material closer to their location because of the savings in travel or shipping costs.
In any case, I feel some people probably have reasons for not posting prices, but I also believe if they are not posting prices they should at least explain why, and when they will be able to do so I can just imagine how frustrating it must be for a scrapper to be sitting on something, and looking for someone to sell to, and not getting any straight answers from people who claim they want to purchase material. Since I have learned how to update my own buying thread (Thanks Admin) I have been doing so.
Scott
Originally Posted by NobleMetalWorks
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