Scrap metal - Aussie Stock Forums

Results 1 to 2 of 2

Thread: Scrap metal

  1. #1

    Default Scrap metal

    Is scrap metal just as good as gold as any inflation hedge.

    I know alot of people see Gold as a safe haven to store wealth in during times of high inflation, With the idea that as our "Fiat" currency devalues the gold should at least hold it's real value.

    My question is can scrap metal acheive the same out come, for example if I held 1/2 a ton of scrap copper, this should also hold it's value against inflation right.

  2. #2

    Default Re: Scrap metal


    I sell a bit of scrap as well as buy lots of steel with a group from various mills world wide.
    Unfortunately scrap prices fluctuate just as much as our commodity prices.
    Go here and have a look at scrap prices.


    notice the 50% reduction in offer for scrap in March 09.
    That will give you an idea what Steel prices will be doing then as well as the raw material.

Similar Threads

  1. Aussie coinage worth more in scrap than legal tender?
    By numbercruncher in forum General Chat
    Replies: 6
    Last Post: 24th-December-2007, 11:35 AM
  2. Zinc the metal for 2006
    By YOUNG_TRADER in forum Commodities
    Replies: 751
    Last Post: 15th-May-2007, 11:12 PM
  3. Advice for trading metal futures
    By BREND in forum Commodities
    Replies: 4
    Last Post: 10th-February-2007, 04:44 PM
  4. Suggested strategy for metal trading
    By BREND in forum Commodities
    Replies: 2
    Last Post: 8th-January-2007, 12:48 AM
  5. Sumitomo Metal Mining
    By sam76 in forum International Markets
    Replies: 0
    Last Post: 15th-June-2006, 09:03 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums