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 Post subject: Gold plummets
PostPosted: Sat Nov 28, 2015 3:24 pm 
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Sell now and lock your price...
or sit on it.

Gold Has dropped by apx $200 over the last 39 days. Today's (friday-Saturday Asian overnights) flux is 998.13-1147.02

What does this mean to you?
Two things. First if you need cash asap and need the most you can get now... sign in and lock your sale in the quote calculator. Today. according to scrap weekly gold could drop below 950 before January.

That said... gold according to multiple sources, is expected to launch through the glass ceiling of $2500 by march do to politics and the falling value of numismatics metals like copper brass and nickel along with zinc.
As coin value deflates it drags monetary values with it. Leaving the failsafe of gold to take off.

So; wait till the new year and sit on your inventory if you want the best values for lower grades such as peripheral and motherboards.

.Items such as cell phone boards and ram are probably under valued for future projections while telco class materials and silver ram are probably stable.

Copper is now between $1.20-$1.80 and clean tin (the metal not the class) has a national average under 50c/lb now.
Iron and most steel classes are below a penny per pound now nationally but cast iron (carbon iron) is still in the 8-10 cent range. Clean carbon has hit records over 6-10c now (good for escrap, bad for grillers since charcoal is heading up with it).

As a side note many larger steel yards are starting to buy coal, used charcoal and fire soot. So when one market goes down others rise to help.
Scrap safe and scrap happy.


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