Go Back  Bike Forums > Bike Forums > Fifty Plus (50+)
Reload this Page >

My steel bike is worth a fortune!

Notices
Fifty Plus (50+) Share the victories, challenges, successes and special concerns of bicyclists 50 and older. Especially useful for those entering or reentering bicycling.

My steel bike is worth a fortune!

Old 04-01-10, 08:26 AM
  #1  
oilman_15106
Senior Member
Thread Starter
 
Join Date: May 2005
Posts: 6,900
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 2 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
My steel bike is worth a fortune!

No April Fools joke here. Just read it in the daily rag. "Steel prices up 40% on weak dollar, weak demand"

Get ready, the great inflation is starting.
oilman_15106 is offline  
Old 04-01-10, 09:47 AM
  #2  
wobblyoldgeezer
Senior Member
 
Join Date: Dec 2005
Location: Brighton, UK
Posts: 1,561

Bikes: Rocky Mountain Solo, Specialised Sirrus Triple (quick road tourer), Santana Arriva Tandem

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 7 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
I'm sure it is.

But, just possibly ----

More of a fortune to you than the commodity market.

I'd hold on to it with a sense of increasing good fortune. No sense in liquidating an asset in a rising market -

Or, if it's a bike, in a falling one either
wobblyoldgeezer is offline  
Old 04-01-10, 04:17 PM
  #3  
Wogster
Senior Member
 
Wogster's Avatar
 
Join Date: Jul 2006
Location: Toronto (again) Ontario, Canada
Posts: 6,932

Bikes: Norco Bushpilot (out of commission), Raleigh Delta

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by oilman_15106 View Post
No April Fools joke here. Just read it in the daily rag. "Steel prices up 40% on weak dollar, weak demand"

Get ready, the great inflation is starting.
This is an interesting point in economics, as a currency weakens, you can sell more goods, but the raw materials cost you more. As for your bike, there really isn't that much steel there, a 23lb bicycle is less then 20lbs of steel, and steel is priced by the ton.
Wogster is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
bruce19
Road Cycling
0
03-03-18 10:58 AM
MichaelW
General Cycling Discussion
9
10-16-15 06:20 PM
Noice
Framebuilders
26
06-16-15 08:51 AM
Hipcycler
Road Cycling
101
07-22-13 02:00 PM
c.miller64
Long Distance Competition/Ultracycling, Randonneuring and Endurance Cycling
10
06-15-11 02:59 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.