I read an article where the author listed the new way to invest in the stock market in these perilous days in a "Pick and Choose" tactic he called "Rattlesnake Investing". Being raised in West Texas, that approach comes almost naturally...... I'm collecting/investing in brass and copper and buying silver....
Last week, I took apart our second submergible well pump that went bad and pulled out 10 years ago. Got 13 lbs. of brass from the pump end and 2 lbs. of #1 copper from its motor. Went to a garage sale Saturday morning and for $8, I bought a single brass light fixture that had 18lbs of yellow brass in it....but usually yellow brass is found in decorative cast pieces and from old water faucets I pick up at estate sales.... It makes for extra dollars two or three times a year...
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Yellow Brass is currently selling for $2 a lb. I took 92 lbs. of yellow brass and 50 lbs. of #1 & #2 copper that sells for $3.00 & $2.85/lb., and the other aluminum/copper oil cooler I picked up on the side of the road going in for a haircut......For a cost average of .20 cents on the dollar to buy the scrap brass at garage sales....
I brought home $335.84 from the scrap yard. Couple that with scrap money from last September, and I had enough to buy some silver. Makes the .20-cents of retirement budget money really stretch when on Saturday afternoon, I bought twenty 1 oz. ASE's at $27 each....
I picked up a couple hundred more rounds of 9mm
Charlie,
I know you will find a way to keep stacking. Maybe you can sell some more houses soon so you can get some more PMs.
I picked up some more AU/BU 90% Kennedys today for 16x. At that price the premium is about the same as I would pay for generic rounds and I like the nice halves much better.
Jim
Charlie
