DebateGate
General Category => 3DHS => Topic started by: kimba1 on May 12, 2008, 07:43:50 PM
-
Retirement Plan Investment Tip
If you had purchased $1000.00 of Nortel stock one year ago, it would now
be worth $49.00.
With Enron, you would have $16.50 left of the original $1000.
With WorldCom, you would have less than $5.00 left.
If you had purchased $1000.00 of Delta Air Lines stock you would have
$49.00 left.
If you had purchased United Airlines, you would have nothing left.
But, if you had purchased $1000.00 worth of beer one year ago, drank all
the beer, then turned in
the cans for the aluminum recycling refund you would have $214.00.
Based on the above, the best current investment advice is to drink
heavily and recycle.
This is called the 401-Keg Plan.
-
But, if you had purchased $1000.00 worth of beer one year ago, drank all
the beer, then turned in the cans for the aluminum recycling refund you would have $214.00.
Aluminum is going for like 5 cents a pound. Are you saying that you can get over 2 TONS of aluminum out of $1000 worth of beer?
Must be pretty cheap beer.
-
I kinda doubt it also
but I`m pretty sure you get alot more than 5cents per pound.
I think I got $ 10 for 7lbs of cans last year.
I really gotta recycle more often.
-
Aluminum is going for like 5 cents a pound.
Whoa!
I just called my local recycle yard (Skagit River Steel & Recycling) and they quoted me a price of $0.60 per pound for loose aluminum cans. Unfortunately, I'm unable to verify that number online so I found this link: Used beverage can scrap price for May 12 2008 (http://scrapmetalpricesandauctions.com/2008/05/current-scrap-metal-prices-for-aluminum/). If I read that listing correctly it is listed at $0.63 per pound.
Metal, all metal, has gone through the roof the past few years. It's not unforseeable that eventually it may become profitable to mine landfills.
-
Energy is required to mine refine and transport meatal.
Increaseing energy cost will drive the value of meatals.
-
I just called my local recycle yard (Skagit River Steel & Recycling) and they quoted me a price of $0.60 per pound for loose aluminum cans. Unfortunately, I'm unable to verify that number online so I found this link: Used beverage can scrap price for May 12 2008 (http://scrapmetalpricesandauctions.com/2008/05/current-scrap-metal-prices-for-aluminum/). If I read that listing correctly it is listed at $0.63 per pound.
If you'll notice, those are truckload prices (the LTL and TL indicators). TL is a full truck - at least 30,000 lbs. LTL is less than a truckload, typically at least 100 lbs.
Loose aluminum cans that have not been processed into truckload bales pay much lower amounts. Around here, TL is 0.63 / lb and LTL is 0.32 / lb. - which is the same as your listing. And it's about 32 cans per pound of aluminum, so a case of beer will net you less than $1 in recycling - much less.
-
Loose aluminum cans that have not been processed into truckload bales pay much lower amounts. Around here, TL is 0.63 / lb and LTL is 0.32 / lb. - which is the same as your listing. And it's about 32 cans per pound of aluminum, so a case of beer will net you less than $1 in recycling - much less.
I'm sorry that I misunderstood the information. I wasn't sure what the TL/LTL thing was, but now I know! When I called my recycling place for the price, that was for loose cans that I would hypothetically bring in. I wonder why it's so much higher here than where you're at (which I'm not sure where you're at)?
-
I'm sorry that I misunderstood the information. I wasn't sure what the TL/LTL thing was, but now I know! When I called my recycling place for the price, that was for loose cans that I would hypothetically bring in. I wonder why it's so much higher here than where you're at (which I'm not sure where you're at)?
You must have a government subsidy. I know there was one in Minnesota, but it still only brought the price for loose cans up to about .40 / lb.
I'm in North Carolina currently.
-
I maintain that buying canned beer, drinking it, and selling the cans at whatever price is recreational, and is not satisfactory to anyone from an investment standpoint.
-
well
not as a investment
but if your a non-drinker and have heavy beer drinkers as friends(which i did).
I made quite a decent amount of money collecting the bottles and cans.