
Originally Posted by
Victor
All this talk of hoarding, stockpiling, whatever........
What if the market stays down longer than you can stay solvent while your "hoarding" your stash? Your burning through working capitol and living expenses while you hope and dream for higher prices. Great way to go bankrupt. That business plan is futile. You might want to work on adjusting your business model to cope with this instead.
Do yourself a favor and look at the historical copper chart for the last 30 years. There was a 15 year stretch where spot never broke over $1.50 per pound.
Which brings up a good point, don't hoard anything you can't afford to. I Have procured a small bunch of cars and as it sits now won't have any need to sell for years. I reinvested upwards profit and bought right so selling will be a matter of when it's right.
Anyone else notice the price of gas creeping up, might not have to hoard long.
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