[ARC5] Holy cow!

[J. Forster]

This is the standard business model for some surplus dealers:

They buy for next to nothing.
Store the stuff, often for years.
Wait for the customer who has to have the item.
Virtually anything they get is all profit.

In some ways, it's not a bad bet. At least it has kept pace with
inflation, if you can eventually sell it.

Scrap metal is not a bad inflation hedge, in the long run. I'd rather have
a big yard full of copper and aluminum that government bonds, these days.

Of course, you get screwed on the Capital Gains on that inflation....

It's getting hard to win these days. It's almost as hard to stay even.
And, I'm not ready to get out of the game, quite yet.

-John

================




> On 18 Oct 2011 at 3:23, Mike Feher wrote:
>
>> Did you see the house it was parked next to? Probably worth less than
>> his minimum on the item you pointed out Ken, if, one were to look at
>> the rest of the items he has and the asking prices. I did not look at
>> his feedback, but, I will, as I am curious how much of that stuff he
>> sells at those prices, HI. 73 - Mike
>
> His prices for the electronics are at least twice what they are
> worth. I have never figured out why these guys don't check the
> "Completed Listings" for similar items to get at least some sort of
> an idea of the going rate.
>
> This guy is somewhat like the guy who had some brand new TDQ
> transmitters, NIB, for which he was asking $15,000.00 each. They are
> so old and so obsolete that only nuts like some of us would even want
> one. They used 860s. I figured they would be worth about $400.00 each
> at most.
>
> But do you think he would even budge? No way.
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