Posted by B-maniac on November 13, 2011 at 12:18:38 from (207.241.137.116):
In Reply to: Old Iron's value!!! posted by JD seller on November 13, 2011 at 11:36:41:
Well , JD , there's only one way to make money (other than punching a time card) and that is "buy low and sell high". Now any good market person will tell you it takes forsight and a lot of guts to make money this way. I say if you can buy a running and driving tractor for scrap price then ya better get all ya can. They can only go up from there. When and how much is the only question. Old clutch lift and pull type implements are comming out of the fence rows as we speak and most are putting them up for sale to the public before the scrap man. I am doing quite well with these right now. As in anything , timming and being in the "loop" so to speak helps. Reason I'm having good luck selling them for a profit is that unlike tractors , these don't "run" and as such they are being scrapped in record numbers and anyone who ever thinks he wants one is hot to get it while he can. Also , tractors have been collected for a long time now and some of the collections are sold off every year. One can still get one if he wants. Implements have just started to be collected in the last few years. On or about the same time they started scrapping them. Tractors are about as low as they are go but implements (complete ones) are going to skyrocket in my opinion. My wish is that I could be in more of a position (like retiring in 14 mos.) so I had time to dig out more of them. Right now I am averaging over 100% on my dollar ,including fuel/hauling costs. Screw them mutual funds and the snakes dealing in them. Gonna be relatively short lived so I'm gonna get while the gettin's good.
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