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29, Jan, 2019

Why Scrap Metal Prices Change

Anyone in the scrap metal industry knows there is one thing that most people are interested in over anything else: prices. There are a variety of factors that drive the prices within the scrap metal market and to understand why the prices are what they are as well as ensure that you get your money’s worth, it is vital that you understand what these factors are and how they work. Beginning to understand these factors can seem like a daunting task as there are numerous things that can affect the price of scrap metal although to make it simpler one can break these factors down into two categories: worldwide factors and local factors.

Worldwide Scrap Metal Price Factors

Unlike local factors, worldwide factors for scrap metal price change affects individuals regardless of their location. The most important worldwide factor to understand is one similar to many other markets in the world which is demand. If there is a higher demand for a specific metal, then prices can go up and this can happen for a variety of reasons. These scenarios include construction, product manufacturing, and other processes that require incredible amounts of metal to complete. Just like how demand is a driving force within all markets in the world, including scrap metal, so does the product supply. There are countries who are known for stockpiling large amounts of scrap metal and at times when these stockpiles become overwhelmed, prices can inevitably drop. Although, the opposite can happen if stockpiles begin to run low.

Local Scrap Metal Price Factors

Worldwide factors are extremely influential on the scrap metal prices no matter where an individual may be. although, to fully understand how and why these scrap metal prices change one must also understand the factors that happen on a local level. Similar to worldwide actors, there are a variety of local factors that can have a massive impact on the price of scrap metal. A primary factor that individuals should consider on a local level is the cost of transporting the metal. Since metal is often quite dense and can be difficult to transport, costs for actually moving the material can be high. This can cut into the price of scrap metal in your local area.

Visit Taunton Scrap Metal For the Best Scrap Metal Prices!

Taunton Scrap Metal is proud to offer the best prices for scrap metal in the region. Conveniently located, our scrap yard can pay you top dollar for a variety of metals. Contact us today for more information about us and our available services.

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24, Jan, 2019

Determining The Value Of Your Scrap Gold

Gold has always been a metal that has been highly valued. This tradition continues into the twenty-first century as the price of an ounce of gold rose to an all-time high of just under $1,900 in September of 2011. Today an ounce of gold is not worth that much although it still costs well over $1,200 and has remained around that price for the past several years.  Many individuals are aware of the demand for gold and therefore the value that inherently comes along with that. Recognizing this, many shops claiming to give top dollar cash for gold have appeared within the past few decades. These shops can be highly deceptive as they operate on a business model that often assumes you do not know what your gold assets are worth.

Gold Quality

This is why it is so important to not only take your scrap metal to reputable professionals like those at Taunton Scrap Metal, but to also understand exactly how much gold you have and what it is worth. Despite the obvious aesthetic differences between rose gold and traditional gold, there are other differences between gold that one must factor into their calculations when determining what their scrap metal is worth. The first step in doing this is to check how many karats your gold is comprised of. This will help you learn the percentage of actual gold making up your item as this number varies greatly and can be anywhere between the 41.7% present in 10 karat gold and the nearly 100% found in 24 karat gold.

Equipped With Knowledge

The reason why determining the percentage of actual gold making up your item is that you can multiply the percentage by the weight of your item I order to get a total gold weight for your scrap metal. By doing this you have the proper knowledge to make sure that you are not given less money you deserve when visiting questionable cash for gold stores. Not only does Taunton Scrap Metal provide individuals a safe and reputable place to get cash for their scrap gold, we can also help answer any questions you may have in regard to our company and the services we provide. Contact us to start scrapping your excess metal and receiving cash today, we can be contacted online through our contact form or over the telephone at 508-823-0900.

 

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