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The next precious metal?

derrybderryb Posts: 38,619 ✭✭✭✭✭
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."

"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    element159element159 Posts: 594 ✭✭✭
    Would be pretty hard to store as bullion, it corrodes in the presence of air, and reacts dangerously with water!

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    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
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    derrybderryb Posts: 38,619 ✭✭✭✭✭
    Good points as far as stacking. Maybe a good paper play at some point?

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    BAJJERFANBAJJERFAN Posts: 31,672 ✭✭✭✭✭
    Lithium Carbonate!
    theknowitalltroll;
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    drwstr123drwstr123 Posts: 7,054 ✭✭✭✭✭
    In argon or mineral oil.
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    cladkingcladking Posts: 30,328 ✭✭✭✭✭
    If I were a young man I'd be stashing tin.



    I'd also be a big fan of Thai coinage.
    tempus fugit extra philosophiam.
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    johnny9434johnny9434 Posts: 34,184 ✭✭✭✭✭
    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
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    CuKevinCuKevin Posts: 1,781 ✭✭✭✭
    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
    Former CoFounder of Choice Numismatics

    All of my collection is in a safe deposit box!
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    derrybderryb Posts: 38,619 ✭✭✭✭✭

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

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    element159element159 Posts: 594 ✭✭✭

    @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!

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    bronco2078bronco2078 Posts: 10,438 ✭✭✭✭✭

    @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

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    BAJJERFANBAJJERFAN Posts: 31,672 ✭✭✭✭✭

    @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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