gold ram is down to $13 pound gotta love it, 6 months ago it was at $17, now i can get my ram at 2/3 the price
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gold ram is down to $13 pound gotta love it, 6 months ago it was at $17, now i can get my ram at 2/3 the price
LOL.. I guess that depends on which side of the fence you're setting on ehh..:p
wait till July 1 and the fed interest rate doubles and gold drops to $1100. look what has happened in the last couple of weeks, and that was just a speech by the FED chairmen talking about it. That said, it's all relative as long as you guess right and play it right.
Just before this last drop I committed to a Gaylord of boards for $2.50 a lb. :( ,regular yard customer so I can't back out :).
I look at it this way. As long as gold doesnt drop to the price of shred it will always be worth tearing apart computers for the boards. If my refiner calculations are correct gold would have to drop to $400 to not make a cent of profit on most boards now in the $3 range. Now might be the time to hoard your ram if you can afford to do it. If interest rates start climbing who knows what could happen. Heck gold is trending with the stock market right now and that usually isnt the case. SO who knows whats going to happen in the next few weeks.
I am only clearing $1.90 pound on green motherboards right now after costs are figured in. So its already pretty bad. If we see gold drop below $1000 and stay there for a long period of time lot of these ewaste buyers will get shut down.Quote:
Originally Posted by PartTimeScrapper
shipping is roughly $1 pound and going up, that narrows alot of escrap out of the picture, plus if gold goes way down boards like motherboards and finger cards will not be worth shipping, by the end of next year we could be looking at $1.50 pound shipping costs and $2 pound for green motherboards/finger cards, green motherboards are at $2.90 right now. At that point only cpus and ram will be worth shipping. And whos gonna scrap computers when the only parts that can make money on is cpus and ram. I think the escrap boom is turning into an escrap bust.
Your shipping is that much? I just shipped about 104 pounds of stuff to a buyer on here and my shipping costs were $45.69. Unless I'm really miscalculating, that is only 44cents a pound. It was shipped via FedEx...
I recently sent 765 lbs for $280 and if my calculator is working correctly thats 36.6 cents per lb I dont know who your shipping buy but your getting ripped off
I agree mine usually works out to around .40/lb to ewasted.
As long as I can continue buying Ewaste at a few cents above shred I will continue to make a profit. In times like these it is good to be a small player with 0 overhead.
I'm waiting for gold to go down under 1000.00, maybe I'll be able to get computers at a decent price. I was scrapping electronics when gold was about 600.00 an oz. and I had all the free electronics I could handle.
Quote:
Originally Posted by happyscraper
Agreed Happy Scrapper....The flight to the dollar always impacts gold and other PM's as a whole. There are some pretty nasty currency wars going on out there, The muppets are selling gold of like crazy and right now it looks like there might not be a bottom so to speak. Let’s look at the world from the perspective of the gold miner. They and their investors do not keep their books in gold. They do not operate for gains in gold. They borrow in dollars and pay their expenses in dollars. The difference between their dollar revenues and their dollar expenses is what decides if they continue operations or close their doors. The miners are getting hammered and they are going to hedge.
As far as people closing their doors because gold goes down 25-30% that will happen because of poor planning and the resistance to diversify their operations. In my own experience as CEO, I have found that if I took care to make sure I could survive the downside then all surprises would be pleasant ones.
Cheers,