Results 1 to 4 of 4

Copper Drop In Price Good .....

| General - Let's talk business
  1. #1
    injunjoe started this thread.
    injunjoe's Avatar
    SMF Badges of Honor



    Member since
    Jan 2011
    Location
    Central, FL
    Posts
    1,309
    Thanks
    1,249
    Thanked 1,194 Times in 594 Posts

    Copper Drop In Price Good .....

    Copper drop in price good for me that is! As fall brings in cooler weather work in the HVAC biz slows to a halt.

    Up to this point I have never went looking for scrap. There was no need to. I just bring my work home with me so to say. A few systems a week was great giving me a great bonus.

    But as things slow down this season I will use money from the good times and buy units from other HVAC companies. Being the price looks like it is going to tank I will have the advantage! I hoarded and sold at a good time all of my copper, I also hoarded the money! I will be able to buy cheap and sit on it. The prices may continue to go down but at some point they will rebound. I will just wait it out.

    When the white man discovered this country Indians were running it
    no taxes, no debt, women did all the work.
    White man thought he could improve on a system like this. - Old Cherokee saying

    I did not surrender, they took my horse and made him surrender. - Lone Watie

  2. The Following User Says Thank You to injunjoe for This Post:



  3. #2
    SMF Badges of Honor



    Member since
    Jul 2011
    Location
    Jacksonville, NC
    Posts
    4,917
    Thanks
    15,632
    Thanked 5,861 Times in 2,713 Posts
    Yours is an example of the advantages to being in control of your lifestyly/expenses. The one great truth "spend less than you make and you will never be broke". I am still getting my financil act together but I have the right attitude. I mostly buy electric motors from a fellow scrapper and break them down. The slight drop in the price of motors will not make much of a difference and even 60 cent/lb drop in copper will not make a change in my life. It does motivate me to hold for now. Thanks for your insights Joe. Best to all, Mike.

  4. The Following 2 Users say Thank You for This Post by miked:


  5. #3
    injunjoe started this thread.
    injunjoe's Avatar
    SMF Badges of Honor



    Member since
    Jan 2011
    Location
    Central, FL
    Posts
    1,309
    Thanks
    1,249
    Thanked 1,194 Times in 594 Posts
    Thank you Mike. I hope you are in the position to save and or hold at this point. The numbers teeter back and forth each day but still they are dropping over all.

    Soon people will be giving scrap away for it's not worth the effort! But as history shows us in the long run the value will return and increase. Not saying how long but at some point it will happen!

  6. #4
    Dumpster-Dee's Avatar
    SMF Badges of Honor



    Member since
    Feb 2011
    Location
    SW Georgia
    Posts
    1,775
    Thanks
    2,286
    Thanked 838 Times in 457 Posts
    Yep, a friend of mine recently told me that the Superintendant of Schools in our county resigned to become a scrapper when she was in high school. It was 1945.


  7. Similar threads on the Scrap Metal Forum

    1. good price for laptops?
      By ilyaz in forum General Electronics Recycling
      Replies: 10
      Last Post: 06-19-2015, 02:56 AM
    2. Copper spot price showing 2.28!
      By cobre collector in forum General - Let's talk business
      Replies: 12
      Last Post: 11-09-2012, 09:35 PM
    3. Possible price drop
      By Dunemaul in forum General Electronics Recycling
      Replies: 42
      Last Post: 08-13-2012, 07:28 PM
    4. Major motherboard price drop?
      By tcfootball in forum Scrap Metal Prices
      Replies: 19
      Last Post: 01-07-2012, 01:08 AM
    5. copper price really down?
      By ferrailleur in forum Scrap Metal Tips and Advice
      Replies: 10
      Last Post: 08-18-2011, 05:54 PM

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook