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Old January 16, 2001, 12:54 AM
John David Bradshaw
 
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Default Re: Recognizing and realizing stored value....

Dien,

Last year I had a chance to "clean up" after a remodelling/construction project which involved a lot of scrap metal--"stored value", if you will...

Loading up the copper and aluminum was a joy--well, there was some sweat involved--but knowing I was going to get 50-60 cents/lb. made it worth it. I remember one pick-up truck load weighed in at about 500 lbs and I got $250 cash for a morning's work.

And then there was the day I spent the same amount of time loading over 1000 lbs of steel, and only getting a measly $25--2.5 cents/lb. (And that was premium for steel at the time!)

So there definitely is "stored value" in other people's trash and junk--you just gotta pick the right junk!

JDB