by Recyclersteve » Wed Jan 22, 2025 3:30 am
On Monday (MLK Day), I checked to see if the local scrap yards would be open and two that I frequently go to were. So I decided it was time to load up the car with stuff and get a bit of cash. This is what I turned in:
Aluminum MLC: 34# @ 40c = $13.60
Aluminum (brackets from ceiling fans): 25# @ 35c = $8.75
Aluminum cans: 3# @ 40c = $1.20 (it's sad they pay so little for these; the work to empty them and crush them makes me wonder if it is even worth it)
Bare bright copper: 2# @ $3.60 = $7.20
Electric motors (low grade): 59# @ 7c = $4.13
Printed circuit boards (low grade): 5# @ 20c = $1.00
Stiff wire: 30# @ $2.75 = $82.50
Soft wire: 11# @ $1.25 = 13.75 (extension cords, etc.)
Soft wire (40%): 11# @ 91c = $10.01
Aluminum wire (thick stuff): 8# @ 25c = $2.00
TOTAL FOR ABOVE... $144.14 (188# OF STUFF)
P.S. I saw someone else ahead of me unloading some very thick stiff copper wire (probably 1" diameter) onto the scale. It weighed over 1,100# and just a 4-5 foot section felt like it weighed about 30-40#. At about $2.75 a pound, they likely got roughly $3,000 for this copper. I'm a bit jealous, but, then again, it they saw me trading stocks, they'd probably say the same thing about me.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.