To Thread - Forum Home

The Mudcat Café TM
https://mudcat.org/thread.cfm?threadid=69944
73 messages

BS: Scrap gold prices rising again

20 May 04 - 06:02 PM (#1190151)
Subject: BS: Scrap gold prices rising again
From: Georgiansilver

Having just checked Baird an Co online, I notice that scrap gold is going up again in price, having dropped to a very low price recently.
Good for all of those of you who hoard it.


20 May 04 - 06:13 PM (#1190166)
Subject: RE: BS: Scrap gold prices rising again
From: Bee-dubya-ell

Boy! Is that some good news or what? Now I can get rid of that big old pile of scrap gold out by the woodpile and put the space to better use like storing some old car batteries and broken cinder blocks!


20 May 04 - 06:24 PM (#1190182)
Subject: RE: BS: Scrap gold prices rising again
From: Rapparee

I'm a-gonna pull out them teeth I had put in jist a year or so back. Da-gone, but this shore is good news!


20 May 04 - 07:27 PM (#1190240)
Subject: RE: BS: Scrap gold prices rising again
From: Dave Wynn

Don't take the P. My hoard of 16 gms of 9 Ct is gonna make rich I tell you.

Spot (the Golden Retriever)


20 May 04 - 07:42 PM (#1190254)
Subject: RE: BS: Scrap gold prices rising again
From: mooman

Thanks Georgiansilver!

The Good Lady is away at the moment and there is that nice Larrivee down the music shop...

Peace

moo

(now where exactly does she keep her stash of bling-bling...?)


20 May 04 - 09:58 PM (#1190360)
Subject: RE: BS: Scrap gold prices rising again
From: jimmyt

spot gold was down $4.50 today was trading at $75 per ounce higher 2 months ago probably not a good time to be selling!


20 May 04 - 10:04 PM (#1190366)
Subject: RE: BS: Scrap gold prices rising again
From: Little Hawk

Nope. Now is not the time to sell.


21 May 04 - 03:49 AM (#1190517)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

No no don't sell now..it really has started back on a slow upward trend and I believe will rocket in price shortly. Hang on to any you have until the price is right for you.
Be Blessed.


21 May 04 - 08:37 AM (#1190668)
Subject: RE: BS: Scrap gold prices rising again
From: Hrothgar

Number 1 bright copper scrap is around $3.00 Australian, up from $2.20 a few months ago. It's the Chinese market.


21 May 04 - 10:25 AM (#1190735)
Subject: RE: BS: Scrap gold prices rising again
From: jimmyt

the Chinese are hoarding bright copper? it is a conspiracy!


21 May 04 - 10:29 AM (#1190739)
Subject: RE: BS: Scrap gold prices rising again
From: Wesley S

The company I work for sells industrial metals. I can tell you that all of the metals we deal with { iron, bronze, stainless, copper ect } have gone up in price. It was not uncommon to get a quote that was good for 30 days or more - now we're often told that the price is good for the rest of the week.


21 May 04 - 10:39 AM (#1190747)
Subject: RE: BS: Scrap gold prices rising again
From: Rapparee

The US shipped over 445 million tons of recyclable iron and steel to China last year. Steel prices here have increased something like 40% since March 1. I understand it's to do with China building cities "the size of Indianapolis for the Olympics."

Copper, etc. would fall in the same category.


21 May 04 - 11:02 AM (#1190775)
Subject: RE: BS: Scrap gold prices rising again
From: Wesley S

The stainless the Chinese are making is of questionable quality. But the mills here in the States are trying to make up for lost profits.


21 May 04 - 07:33 PM (#1191144)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

Gold(9ct) has risen by 2p today


23 May 04 - 06:44 PM (#1192266)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

Risen by another 3p today...on its way UPPPPPP


17 Aug 04 - 03:44 PM (#1249616)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

oops, guess the prediction was a little early eh?? try again!!!!


17 Aug 04 - 03:53 PM (#1249627)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

It IS on its way up....buy scrap gold!!!!!


17 Aug 04 - 03:59 PM (#1249634)
Subject: RE: BS: Scrap gold prices rising again
From: Bobert

Heck, I think I'll just ignore that pile of scrap gold in the back yard 'til next spring as the mowing season is just about over with anyway so I won't have to mow around it fir a while...

Bobert


17 Aug 04 - 04:23 PM (#1249669)
Subject: RE: BS: Scrap gold prices rising again
From: jimmyt

if you're buyin', Georgian, Silver, I'm sellin' Got a whole pile of it..........if you don't mind it being sort of shaped like teeth.......


17 Aug 04 - 04:25 PM (#1249670)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

Don't mind how it comes friend....I buy scrap gold when it is on the up!but would recommend anyone else to also!


17 Aug 04 - 04:50 PM (#1249695)
Subject: RE: BS: Scrap gold prices rising again
From: jimmyt

How do you determine your price? I sell mine from time to time, and I am sure I take a bit of a beating from the company that I sell to. WOuld be happy to get a decent price. Let me know


17 Aug 04 - 04:56 PM (#1249701)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

Hi jimmyt try http://www.goldline.co.uk/goldlinedev/GC/Global/GLHomeFrame.ghtml
Best wishes.


17 Aug 04 - 04:57 PM (#1249702)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

P.S click on Scrap Prices......


17 Aug 04 - 06:51 PM (#1249831)
Subject: RE: BS: Scrap gold prices rising again
From: Little Hawk

I took the liberty of removing that pile of scrap gold that was in your back yard, Bobert, because you obviously didn't want it. Man, was that stuff a mess. I've got it kind of cleaned up now, though. I still wonder if I should've charged you a nominal fee.


03 Aug 06 - 03:11 AM (#1800300)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

Resurrected thread....since this thread was active...gold has almost doubled in price. Still goes up and down but is steadily rising..good investment?
Best wishes, Mike.


03 Aug 06 - 03:52 AM (#1800317)
Subject: RE: BS: Scrap gold prices rising again
From: JohnInKansas

Most of us in my neighborhood don't get too excited about the price of gold 'cause we ain't got any; but the price of other metal scrap has been up enough that criminals are stealing the power lines off the poles - while they're hot. Any building with an industrial strength air conditioner that doesn't have a 24-hour watchdog risks having the roof units stolen for the copper coils. And a few (unoccupied?) houses have been broken into, with someone breaking out the wall panels to pull the wire out, and air conditioners have been stolen from a few private homes.

Copper seems to be the favorite, although there have been some rather large heists of aluminum and stainless steel scrap piles from industrial places.

One paving contractor claims his guys dropped off several tons of rebar for a street project that all disappeared over night.

All the reports I've heard have been local stuff; but one would suspect similar problems anywhere people have got a beater truck big enough to haul a useful amount.

Our local gendarmes recognized the problem, so they set up a sting by taking a few loads of "simulated stolen scrap metal" to several dealers. They arrested people at three different dealers for "short weighing" their scrap, but no charges for "dealing in stolen goods" were filed. (Apparently it's really important that the thieves get full value for what they steal.)

John


03 Aug 06 - 12:59 PM (#1800664)
Subject: RE: BS: Scrap gold prices rising again
From: Bill D

sounds like we're gonna end up melting down all the metals we have so we can sell it elsewhere, then re-buy it at higher prices and re-manufacture everything we need at MUCH higher prices.....

what? My economic theories sound too much like reality? I guess I just don't have a head for commerce.


03 Aug 06 - 03:01 PM (#1800743)
Subject: RE: BS: Scrap gold prices rising again
From: Charley Noble

Wonder what the value of my stockpile of used banjo strings would be?

Cheerily,
Charley Noble


03 Aug 06 - 08:49 PM (#1801037)
Subject: RE: BS: Scrap gold prices rising again
From: Peace

You put strings on bongos?


04 Aug 06 - 06:26 PM (#1801789)
Subject: RE: BS: Scrap gold prices rising again
From: Stilly River Sage

There's a place I heard about on the radio, and out of curiosity visited their web page. You're supposed to send away for their kit, get all of your scrap gold trinkets and pop them in a special envelope and mail it. They will weigh it and mail you a check. Yeah, right, that sounds like a real good way to get an accurate reading and a fair price (not!) I wonder how many people actually fall for that?

SRS


04 Aug 06 - 07:20 PM (#1801840)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

Stilly...In the UK we have such a place....Baird and Co of Hatton Garden, London..they actually pay more than the advertised price on the site..... www.goldline.co.uk click on 'scrap prices' and they are the best in the UK....took me a long while to find that out but it has paid off.
Best wishes, Mike.


04 Aug 06 - 07:54 PM (#1801867)
Subject: RE: BS: Scrap gold prices rising again
From: GUEST,Wesley S

The company I work for is a distributor of industrial metals - iron, bronze and stainless steel mostly. We've had several folks arrested who have pulled up their trucks to our lot and jumped the fences to load up on bars of material. We've lost several thousands of dollars of stock. We've been forced to add tougher security measures. It really pisses you off after awhile.

There was even an armed robbery of copper tubes at a construction site nearby. In broad daylight.


04 Aug 06 - 08:41 PM (#1801903)
Subject: RE: BS: Scrap gold prices rising again
From: The Fooles Troupe

The problem with putting all your spare readies into gold, or any other such 'valuable' is not whether the value will increase over time (it definitely will!), but

1) the value having increased, just WHEN do you sell it - if the value goes up again, you have got off the merry-go-round, haven't you?

2) what do you live on while you are waiting for the value to increase?


05 Aug 06 - 06:06 AM (#1802022)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

It is possible at Antique Fairs, Car Boot sales and Estate sales to buy gold at under scrap value....take an eyeglass and a digital gold scale....then scrap it in at the highest paying gold scrap merchant you can find....can be very profitable. Or if you can afford to you can store it until gold has gone up in price considerably.
Best wishes, Mike.


24 Jan 08 - 11:31 AM (#2243651)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

When I started this thread in 2004.....the scrap price for 9ct gold was around £2.30 per gram. Check it out now.
Baird & Co, Hatton Garden, London. Scrap prices.

I guess it was a really good investment eh? Gold prices have risen steeply in recent months.
Best wishes, Mike.


24 Jan 08 - 05:43 PM (#2243974)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

Don't you wish you had invested in gold?


24 Jan 08 - 05:48 PM (#2243977)
Subject: RE: BS: Scrap gold prices rising again
From: PoppaGator

If "scrap" gold is so valuable, what about the good stuff?

;^)

Seriously, though, does gold jewelry, coins, etc., go up and down in value along with the melted-down stuff?


24 Jan 08 - 07:34 PM (#2244072)
Subject: RE: BS: Scrap gold prices rising again
From: Slag

Spot price is what determines it's value. Here Spot, here boy. Come and tell me what gold is going to be worth.


25 Jan 08 - 02:39 AM (#2244250)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

Poppagator...that is correct....all jewellery etc in fact anything made of gold has that scrap weight value. Broken rings, chains, brooches.etc etc can be 'weighed in' for cash.
Best wishes, mIke.


06 Oct 09 - 04:58 PM (#2739913)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

Prices are rising yet again......


06 Oct 09 - 05:02 PM (#2739918)
Subject: RE: BS: Scrap gold prices rising again
From: Sorcha

The ONLY gold I have is my wedding ring and I'm not selling that. Such a thin band it wouldn't help any at all.


06 Oct 09 - 05:04 PM (#2739919)
Subject: RE: BS: Scrap gold prices rising again
From: bobad

Gold hits record high on 'plan' to ditch dollar
10 May 10 - 05:13 PM (#2904036)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

Gold still on the way up and just look at the last year.      The graph shown is on a US site.... Best wishes, Mike.


10 May 10 - 05:17 PM (#2904039)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

When I started this thread in 2004.....the scrap price for 9ct gold was around £2.30 per gram. Check it out now. All other carats have gone up proportionately.
Baird and Co, Hatton Garden London.. scrap prices.


10 May 10 - 05:21 PM (#2904045)
Subject: RE: BS: Scrap gold prices rising again
From: Ed T

Time to get the grave digging pick and shovel, and miners hat out.


11 May 10 - 12:14 PM (#2904527)
Subject: RE: BS: Scrap gold prices rising again
From: mousethief

I keep going to healing services at penty cost all churches and waiting for my fillings to turn gold so i can sell them. But they keep staying silver.


11 May 10 - 02:39 PM (#2904636)
Subject: RE: BS: Scrap gold prices rising again
From: gnu

Where is my wedding ring? It's scrap.


11 May 10 - 02:39 PM (#2904637)
Subject: RE: BS: Scrap gold prices rising again
From: Ed T

I have three gold dental bridges and four gold crowns....but I am not saying where I live, or sleep.


11 May 10 - 04:11 PM (#2904689)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

Ed T... do you sleep with your mouth open??


11 May 10 - 04:48 PM (#2904711)
Subject: RE: BS: Scrap gold prices rising again
From: Ed T

I don't know, was never awake to see it?
But, just in case, I am cautious.


11 May 10 - 05:01 PM (#2904720)
Subject: RE: BS: Scrap gold prices rising again
From: gnu

Camcorder with night vision. Let us know, eh? I shall not sleep soundly until you report.


11 May 10 - 06:09 PM (#2904774)
Subject: RE: BS: Scrap gold prices rising again
From: Ed T

I shall report back agape.


25 Oct 10 - 07:19 AM (#3014829)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

When I started this thread... 9 carat gold was £2.30 per gram...... from 2004 to 2010... six years... it is today £10 a gram.................. Gold prices today.    What else could you have invested in to make so much profit???


25 Oct 10 - 10:04 AM (#3014931)
Subject: RE: BS: Scrap gold prices rising again
From: Little Hawk

It's a very good way of gauging just how fast the paper currency we all use is losing value.


25 Oct 10 - 02:32 PM (#3015180)
Subject: RE: BS: Scrap gold prices rising again
From: Jack the Sailor

I think at the present time it as just as much a gauge of hysteria and fear mongering.

Beck and Limbaugh have gold sellers as major sponsors. I suspect their audience is vulnerable to hysteria and fear mongering.

I don't know exactly when the bubble will burst, but if when unemployment rate in the US starts to seriously trend down, If I were sitting on gold, I would sell it.


25 Oct 10 - 02:54 PM (#3015194)
Subject: RE: BS: Scrap gold prices rising again
From: Q (Frank Staplin)

Copper in Jan. 2000 c. $85; in 2010 c. $350.
Relative silver price c. $5 in 2000; now above $20.
Oil in 2000 at $20/bbl; now about $80.
Try rice futures, etc.


25 Oct 10 - 03:24 PM (#3015215)
Subject: RE: BS: Scrap gold prices rising again
From: Jack the Sailor

It is interesting that your basis point is from when Clinton left office.

But by all means keep your gold when unemployment starts to drop.


25 Oct 10 - 04:12 PM (#3015245)
Subject: RE: BS: Scrap gold prices rising again
From: Fergie

Another bubble being consciously inflated to make the rich richer.


25 Oct 10 - 04:58 PM (#3015269)
Subject: RE: BS: Scrap gold prices rising again
From: Little Hawk

Gold, silver, copper, rice, and houses are all real. Money isn't. Money, as it exists now (meaning paper and digital money), is just an artificial idea created by banks and governments, and people act like it's real, but the banks create vast new amounts of it out of thin air simply by making loans to governments, businesses, and individuals. In this way the banks get richer, they basically run the show, we mostly get poorer, and the currency steadily loses value, simply because there's a lot more of it in circulation every year, while the rest of the world (the real stuff) remains finite...or even grows scarcer.

Money isn't really worth anything....unless people think it is. Then it's worth whatever they think it's worth. Like I said, it's an idea. People will kill and die for an idea. They'll fight a war for an idea that they themselves made up. The history of the human race has proven that time and time again.

The Indians took paper money off dead soldiers after Custer's demise. They could see it was only little pieces of colored paper, so they used it for ornamentation and for starting fires. ;-) They were a bit less crazy than the people they took that money off. They could see what it really was. It's worth nothing to people who don't believe in it, and you can't eat it when you run out of food.

Nor can you eat gold. ;-) But it's still a profoundly useful and beautiful substance, whether for making fine jewelry or fine quality electronics or fillings in your teeth. It does not tarnish, and that makes it quite valuable.


25 Oct 10 - 05:04 PM (#3015275)
Subject: RE: BS: Scrap gold prices rising again
From: Jack the Sailor

Gold is real but intrinsically it is not more valuable than any other metal.

The difference in value between gold and copper is no more real than the value of money.

Its a bubble, it will pass. I'm not saying that gold will drop to the price of copper, but it will drop. It will drop a lot.


25 Oct 10 - 05:11 PM (#3015280)
Subject: RE: BS: Scrap gold prices rising again
From: Little Hawk

No doubt. It always does if you wait till the right time. And then it rises again.

All metals are valuable for certain specific purposes. I don't know how we could establish which is the most valuable...that would depend upon the purpose you had in mind, wouldn't it?


25 Oct 10 - 05:14 PM (#3015282)
Subject: RE: BS: Scrap gold prices rising again
From: Jack the Sailor

Few metals are hoarded like gold is.


25 Oct 10 - 06:56 PM (#3015346)
Subject: RE: BS: Scrap gold prices rising again
From: GUEST,.gargoyle

As it has been throughout the ages...the BEST investment is:

Good Health
Strong Work Ethic
Continual Lifelong Education
Debt Free is the way to be.

Sincerely,
Gargoyle

And NO SPECULATION on borrowed capital!


25 Oct 10 - 10:41 PM (#3015441)
Subject: RE: BS: Scrap gold prices rising again
From: Little Hawk

I certainly wouldn't argue with that!


26 Oct 10 - 01:07 PM (#3015978)
Subject: RE: BS: Scrap gold prices rising again
From: Penny S.

I've been amazed at the number of little stalls that buy any gold which have popped up. And the flyers through the door. And the ads for people to whom you mail your gold so they can mail you money back.

Can anyone explain if it is possible to get the pure gold out of the nine carat stuff?

I once spent part of a lesson explaining what nine carat meant to some children who thought it must be wonderful. Oh the light fading in their eyes, and I hope the future decision not to buy it.

Penny


26 Oct 10 - 01:53 PM (#3016030)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

9 carat gold is only 375 parts gold to 625 parts other metal...... if heated to the right temperature..... which is what happens to most gold scrapped nowadays...... it will become pure..... incidentally... 18 carat is 750 parts gold 22 carat is 916 parts gold.


26 Oct 10 - 02:46 PM (#3016080)
Subject: RE: BS: Scrap gold prices rising again
From: gnu

I got CDN$34.23 for my wedding ring. Cost me a LOT more than that.


26 Oct 10 - 02:58 PM (#3016093)
Subject: RE: BS: Scrap gold prices rising again
From: Little Hawk

Yes, I'm sure they give you WAY less than the stuff is worth. After all, they're businessmen, right? ;-)


26 Oct 10 - 04:07 PM (#3016151)
Subject: RE: BS: Scrap gold prices rising again
From: Georgiansilver

Yes gnu... buying gold from a retailer in the form of rings, bracelets, necklaces, cuff links, ear rings etc etc.. is problematic inasmuch as you pay maybe three times the scrap value. If anyone is looking for items of gold jewellery I suggest you look in your jewellers shop to spot the item you are looking for, note the price... then search for the same thing on Ebay.... where it will be bought for around or just above scrap value.


26 Oct 10 - 05:06 PM (#3016197)
Subject: RE: BS: Scrap gold prices rising again
From: gnu

I am certainly NOT looking for another wedding ring. >;-)


26 Oct 10 - 05:26 PM (#3016212)
Subject: RE: BS: Scrap gold prices rising again
From: Penny S.

What I didn't explain, not knowing, was what the other metals are. I was using parts out of 24. Big numbers and small children don't work well.

Penny


26 Oct 10 - 05:39 PM (#3016220)
Subject: RE: BS: Scrap gold prices rising again
From: Q (Frank Staplin)

Selling your gold to one of those companies advertizing cash for gold, you are lucky to get 1/3 the scrap value.

Old jewelry of good design is way up in price over what it was ten years ago. Do not sell your antique jewelry to the 'cash for old ...' but try and find a reputable antique dealer who will help or pass it on to your favorite young'un.
Old gold-case watches, if the movements are quality and are still repairable sell to collectors for very good money. A good Hamilton or other good pocket watch in gold case makes a collector drool- and pay much more than the gold value..

Be careful of buying at Ebay or anywhere else on the net unless you know values. Occasional bargains, but many out there who know how to pitch their stuff to get the highest return.
Cheaper jewelry has the largest percentage mark-up.

Simply heating 9 carat to get purer gold doesn't work; the copper or other alloy metals must be separated out.
This site has workable methods of refining your gold, but they are messy, and some are toxic if care not taken.
http://shorinternational.com/refining.htm#Simplicity


26 Oct 10 - 05:49 PM (#3016233)
Subject: RE: BS: Scrap gold prices rising again
From: Penny S.

That's interesting - not that I had any intention of refining any 9 carat any time soon. But I was concerned that if it wasn't easy, we were losing a valuable resource by turning it into tatty earrings.

Penny