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The next precious metal?

derrybderryb Posts: 36,818 ✭✭✭✭✭
in Precious Metals
The other White Metal

"Right now, lithium isn't even traded as a commodity; rather, it is managed through an oligopoly of three or four major global suppliers who have managed supply and demand for decades. That's why everything is priced on a contract basis. This year could see that change, which makes it a prime time to get in on lithium."

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • element159element159 Posts: 511 ✭✭✭
    Would be pretty hard to store as bullion, it corrodes in the presence of air, and reacts dangerously with water!

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Pretty unstable... would not be coin material.... However, should a major application

    be found...(other than drugs or nuclear reactions to name a couple) then it will certainly grow in value. Cheers, RickO
  • derrybderryb Posts: 36,818 ✭✭✭✭✭
    Good points as far as stacking. Maybe a good paper play at some point?

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
    Lithium Carbonate!
    theknowitalltroll;
  • drwstr123drwstr123 Posts: 7,037 ✭✭✭✭✭
    In argon or mineral oil.
  • cladkingcladking Posts: 28,656 ✭✭✭✭✭
    If I were a young man I'd be stashing tin.



    I'd also be a big fan of Thai coinage.
    Tempus fugit.
  • johnny9434johnny9434 Posts: 28,328 ✭✭✭✭✭
    Originally posted by: cladking
    If I were a young man I'd be stashing tin.

    I'd also be a big fan of Thai coinage.


    why tin? just curious
  • CuKevinCuKevin Posts: 1,722 ✭✭✭✭
    Good luck finding a method to invest in Li right now. It's not possible without being significantly diluted by a firm's other operations.
    Zircon Cases - Protect Your Vintage Slabs www.ZirconCases.com
    Choice Numismatics www.ChoiceCoin.com

    CN eBay

    All of my collection is in a safe deposit box!
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    Lithium prices in China approaching $80,000 per ton. Was $6,500 at ton in March 2020.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • element159element159 Posts: 511 ✭✭✭

    @BAJJERFAN said:
    Lithium Carbonate!

    That would probably be the best way to store large amounts. But it is only about 10% lithium by weight, so it would be a bulky stockpile!

  • bronco2078bronco2078 Posts: 10,225 ✭✭✭✭✭

    @cladking said:
    If I were a young man I'd be stashing tin.

    I'd also be a big fan of Thai coinage.

    i had a bunch of 1 pound poured tin ingots i think i paid $5 a pound for i sold on ebay for $25 each. I still have 20 1 pound bars or solder and no one seems at all interested at $20 funny stuff

  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭

    @element159 said:

    @BAJJERFAN said:
    Lithium Carbonate!

    That would probably be the best way to store large amounts. But it is only about 10% lithium by weight, so it would be a bulky stockpile!

    But it does have medicinal value so there's that.

    theknowitalltroll;
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