Boardsort.com

Your complete E-scrap resource website. LEARN - SELL - PROFIT
It is currently Sun Sep 24, 2017 7:02 pm


Post new topic Reply to topic  [ 3 posts ] 
Author Message
 Post subject: Gold Prices
PostPosted: Thu Oct 09, 2014 8:15 am 

Joined: Mon Jul 28, 2014 7:26 pm
Posts: 85
Does anybody know if this climb back up on gold is gonna stick or is it gonna go back down. It just hit a four year low, I don't know about anybody else but I feel the drop in prices, a month ago they dropped the very day I took a load in, cost me $100, same thing happened damn neae last week. For you guys shipping pallets are you guys holding for a bit? I am, buying up what I can and when prices go back to at least $3.04 for large socket mobo I'll sell. Anybody else wanna weigh in? Im just new starting a new business, I've been a carpenter for 15 years, hell of a,switch ya know.


Top
 Profile  
 
 Post subject: Re: Gold Prices
PostPosted: Thu Oct 09, 2014 11:21 am 
Reputable Seller

Joined: Fri Jan 31, 2014 10:22 am
Posts: 746
Gold prices are affected by two things: supply vs demand, and the strength of the US dollar as compared to other currencies. I've read that gold demand is down right now, so the price dropped due to supply. Combine that with the recent economic news that has the dollar valued higher than what it was in the past and you have people selling gold for greenbacks and taking the money and pouring it into other assets such as stocks, bonds, and derivatives. This is adding to the gold supply, which in turn is sending the price down.

For what it's worth to you I would do what is best for your business. If you have bills to pay now, then sell what you need to pay the bills, and hoard what's left. If you can hoard for an extended period of time, then hoard as much as your storage space will allow, selling off less valuable materials to make room for more valuable ones as they come in.

_________________
kgryczan
Forum Moderator


Top
 Profile  
 
 Post subject: Re: Gold Prices
PostPosted: Fri Oct 10, 2014 2:38 pm 

Joined: Wed Jan 29, 2014 12:07 pm
Posts: 119
Im holding. I think gold is just correcting and will move up and balance out. I wouldnt be surprised to see another drop for boardsort as they seem to lag the gold market a little bit.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 3 posts ] 

All times are UTC - 5 hours [ DST ]


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to: