Scrap made a big jump up about the time the U.S invaded Afghanistan,and then Iraq. Since things have tapered off over there the scrap price has started to fall. I wonder what precious metals are bringing right now. They are due for a slide down too.
Young men who turn scrappers can make pretty good money. And it's not tax free either. When the yard buys from someone they keep records on who they paid their money out to. That in turn is deducted as a business expense. The scrapers who make a living out of it have to turn their income in at tax time. Oh sure, there are a few cash deals done here and there, but the majority of it gets taxed.
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Today's Featured Article - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let’s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
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