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Messages - Cobia

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1096
I guess this topic is focused more about if one should hold on to scrap silver found in storage lockers or hold on to it and see if the price increases:

My perspective is considering silver as an investment and a hedge against inflation.

In my opinion,

1. Ignore Kudlow.
2. What ever Cramer says, do the opposite.
3. If I remember correctly the silver crash in the 1980 had something to do with the Hunt Brothers cornering the silver market and causing price manipulations/panic.
4. Much of the drop in silver last week was caused by new trading rules put into affect by Comex that start on Monday May 9, 2011.
5. Buy, Buy, Buy! silver historically trades lower in June and July, so the next three months could be very good for buying silver to hold for the long run.
6. Bin Laden's death doesn't take currency (money supply) out of the market or wipe Credit Default Swaps of the books. The dollar is weakening, and only seems to take a break on days that the Euro looks worse, but both currencies are in a race to the bottom right now.

1097
General Storage Auction Talk / Re: Gas Prices
« on: May 05, 2011, 06:52:59 PM »
There was an auction 30 miles away from me yesterday with three lockers and I decided not to go because of gas prices.  :(

Taxidermy, already tried that business with a buddy of mine years ago.

1098
Your post just made me think of a youtube vid I watched the other week. This guy was talking about how he put on gloves to throw out a bag of pot and he said other drugs, then specifically addressed needles.

The guys vid had me laughing. Pot isn't going to hurt you, heck some of my buddies from the auction would put it in some brownies and eat it so it touching your hand isn't going to hurt you.

The funiest part however was the guy was using baseball glvoes to pick up hypodermic needles. That's not going to protect you from getting poked by an aids or hepatitis needle.

I was thinking about fingerprints in case the bags in question don't make it to the incinerator or landfill.

1099
@ aftermath

I don't know how big a city you live in, but I think it would be more likely that a former locker owner sees you selling his or her furniture and calls to hassle you about it, or someone sees you selling thier stuff at a flea market. So far this has not happened to me yet.

any thoughts from the "old timers", has anyone confronted you at a flea market or thrift store or on Craigslist claiming you are selling thier stuff they left in a storage locker and give you a hard time about it?

Sorry if this is a "thread hijack" question.

1100
General Storage Auction Talk / Re: Small Town Facilities
« on: May 04, 2011, 07:33:52 PM »
From my experience small towns have smaller crowds, but watch out, they tend to have at least one local whale who will run you up on any good units.

1101
Do you have a Cracker Barrel restaurant near your house?

1102
I'm a law abiding citizen who doesn't know a thing about illegal drugs soo... if I find bags of lawn clippings or baby powder in a locker I'm am just going to put on my gloves and throw them in the nearest dumpster. I am NOT going to pretend I am on CSI Miami and try to figure out what it is.

As far as money goes. Money doesn't commit crimes, people do!

1104
Some more advise from one newbie to another:

1. Be prepared to only win the crappy lockers in the beginning.

2. If you get a shot at a decent looking unit, be prepared to get run up. Just pay the extra cost (as long as you can afford it) and don't make a big deal about getting run up. In some parts of the country you just have to do this to break into the game.

3. Do NOT get into bidding wars with regulars, especially your local whales.

4. Try to befriend as many regulars as possible, don't ask a lot of questions, but don't brag about your business acumen either. For example don't say "Yeah, I'm new to storage auctions, but i've been selling cars for fifteen years, and I got a lot of money, and I know how to make money, yada, yada, yada...

5. Go to many auctions, don't do or say anything stupid, and eventually you will meld into one of the regulars yourself and before long the old timers will stop running you up because they realize your here to stay or they start to like you and except you.

Just my experience.


1105
I try to look for items in the lockers that tells me the owner has ecletic taste or disposable income. A good sign for me in my area is artwork, vases, unusual fashion sense, unique furniture, or any hobby related items EXCEPT for tools and or hunting/fishing/camping supplies. A door goes up on a unit in my area and you see a fishing pole or a gun case or a tent, you can forget about getting it for less than $500! Most of the lockers in my area are Wal-Mart chic, so if I see some unique things that can't be bought at Wal-Mart in a locker, my radar starts to go up.

1106
@ tclane

Thanks for the tip! I downloaded that app. this weekend and used it at the flea market. I even found something in my own inventory I my have priced WAAYY to low for the flea market crowd. It's awesome! (the app.)

1107
Flea Markets / Re: Anybody?
« on: May 01, 2011, 07:31:56 PM »
@ Ironman,

I don't know how far north you are willing to drive, but I hear the Summerville Ga. flea market on tuesday is real good, and several of the guys from my area are having success at the flea market in Dalton Ga. I think I am going to try the one in Dalton in the next couple of weeks. The flea market near me is not generating the level of income I would be happy with making over a weekend. Both of those flea markets are mainly outdoors.

1108
I despise picture frames! Dead weight...

1109
Stores / How many "thrift stores" can a city support?
« on: May 01, 2011, 07:16:55 PM »
Hey guys,

Like many auction hunters I have thought about opening a "thrift store" as a way to create business and sell items found in storage lockers. Over the last few weeks I have been doing a visual inventory of the number of thrift stores, consignment shops, resale shops, in my area to get an idea of the competition. I was astounded by what I found. On one stretch of road less then 10 miles long there are at least 15 resale related shops NOT including pawn shops. Another road about the same distance had 7 resale shops. close to my home there are 3 shops in the same strip mall, and at least 5 others I can think of off the top of my head. That is NOT including the big non-profits like Goodwill, Salvation Army, Thrift Stores of America, etc.

My question is "How many thrift stores can a city support?" I have not tried to do a "head count" of the people running thrift stores and comparing that to auction attendees. I know several of the regulars are thrift store owners. I guess I am wondering if the shift in the American economy can support all the new thrift stores, or are there going to be a lot of people losing money and going bankrupt trying to open and run thrift stores?

1110
I know we talk alot about Storage Wars and Auction Hunters, but there is a less famous guy out there on the internet selling books about the storage auction business and telling stories and giving advise on YouTube. Any of you buy the books or a membership to his blog? Do you think it's worth while?

Hey Glendon, are you on here?

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