Originally Posted by
PistoneScrapProcessing
I just read today where gold is back to last julys numbers maybe that has something to do with it. Customers get more specific in the scrap industry when prices start to drop off a cliff. I am also commenting on something I have no clue about. lol.
What happens is that some of the buyers stop buying when gold drops...they only want to be ontop of it when gold is up.
So since gold has dropped some of the main buyers have stopped buying... for that reason some of the smaller yards and or even the large recycling/scrap yards have lost there buyers and they had to move to cheaper buyers.
One person who I was selling some of the smaller items (cpu's and memory) down here in Dallas has told me they are no longer buying anything until gold hits back up in the high 1700 or 1800s...reason being he feels its not worth his time when he can do other things but I have around 6 other buyers and so I have not really lost anything.....there are alot of people like this out in this market....anyway I will stop there.
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