Tungsten Outperforms Gold, Returns 70% In Last Year

Tyler Durden's picture

The comedy value of the various interpretations of this chart is simply priceless. We leave it up to our readers to share their views on why Tungsten has almost doubled in the past year, and what that means for the cost-benefit analysis for central banks in substituting "one metal" with "another"...

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Thomas's picture

Very funny (bitchez, of course).

bankrupt JPM buy silver's picture

Just picked up 5 1000 oz bars of tunggy in hopes of flipping them to the COMEX, straight up tradesies for Silver, they can keep the change ;)



Turd Ferguson's picture

This headline made me laugh out loud. Oh the irony...

ZerOhead's picture

Irony is when the price of tungsten and gold finally reaches UNITY.

Probably still a year or two away yet! :)


johnQpublic's picture

isnt tungsten vital in the production of gold bars?

StychoKiller's picture

Due to the rise in the price of cocao, counterfeiters are now producing chocolate-covered tungsten...

BigJim's picture

Isn't it one of the raw materials used in the manufacture of Chinese rice?

BorisTheBlade's picture

Probably still a year or two away yet! :)

At the current rate of one revolution per two-three weeks, gold/tungsten swaps in Middle Eastern central banks will bring the equilibrium in the next 5-6 months.

Mubarak's sense of humour already priced in.

dehdhed's picture

i'm not sure what the chart represents, 10lbs? or perhaps 3.50/oz.  i'm not up on tungsten prices but i would imagine $350 buys a lot of weight

f16hoser's picture

Did you drill out the tunggy to see if it was filled with gold? You know, someone got confused at the FED Mill and reversed the process by mistake.......Just asking.....

truont's picture

Tyler, tungsten is the poor central banker's gold....

Hook Line and Sphincter's picture

very witty Trount...

(I hope you meant it that way)

Michael's picture

Tungsten, used in light bulb filaments, will not be residing in the US as light bulbs well no longer be made here, except in the form of salted gold bars.

I wonder how much influence the rule making comity will have when they find out their gold bars have been salted?

You don't have gold/silver, you don't get to make rules no matter how much your ego needs to be massaged Mr billionaire.

Michael's picture

I have 24k US gold and platinum quarters from CSN salted with US mint money.

I wonder if I could pass them off as the real stuff?

uno's picture

when does it reach equilibrium with gold

ZerOhead's picture

Damn... you beat me.

Sorry for the unintended pilferage!

txapela's picture

clearly, tungsten is the secret ingredient in the iPhone 4.

StychoKiller's picture

Since ordinary incandescent bulbs are being phased out, just where is the demand for tungsten coming from?

BigJim's picture

TSA scanners?

From wikipedia:

Tungsten's many alloys have numerous applications, most notably in incandescent light bulb filaments, X-ray tubes (as both the filament and target), and superalloys..


... Tungsten's hardness and high density give it military applications in penetrating projectiles.

monopoly's picture

This is all so surreal. Why even bother anymore.

jus_lite_reading's picture

Let it be known that as I said last week, the reason the Fed is pumping up stock prices is to get the common people to believe the economy is recovering- YAHOO has the search word "stock prices" in the 5th spot again today, for the umteenth time in the past few weeks.

Tyler, you know what to do.

breezer1's picture

you will have to pry my tungsten from my cold dead hands...

Thomas's picture

That makes you a tungsten bug.

BigJim's picture

Start hoarding and selling incandescent light bulbs and Leviathan may well make your wish come true.

Cognitive Dissonance's picture

Tungsten.......as good as Gold.

ZerOhead's picture

Not quite yet... the corelation is more like as tungsten goes up gold holds steady or goes down.

Christ... Is that what is actually happening?

Sophist Economicus's picture

Increased demand for lightbulbs?

bob_dabolina's picture

I can't explain it. You can't eat this shit.

mark mchugh's picture

Tungsten, Bitchez (?)

The Nagus's picture

Wait, this is a precious metal now, correct?

Hephasteus's picture

You can bet 500 bars of gold pressed tungsten it is.

Michael's picture

I prefer Gold-Pressed Latinum.

Latinum is a rare silver liquid used as currency by the Ferengi Alliance and many other worlds. It cannot be replicated. For ease of transaction, latinum is usually suspended within gold to produce "gold-pressed" latinum. (DS9: "Who Mourns for Morn?")

Denominations of gold-pressed latinum, in order of increasing value, include the slip, the strip, the bar and the brick.

Devore's picture

Isn't this like CPI? Steak gets too expensive, little people are expected to substitute ground beef. Gold gets too expensive, banks substitute with tungsten.

Mr Lennon Hendrix's picture

If Bernanke said, "He does not know why the price of gold is rising", then would he not think tungsten a fair substitute?

SilverIsKing's picture

How long until the U.S. Mint sells One Ounce Tungsten Eagles?

Going Loco's picture

The U.S.Mint probably won't, but I can't speak for that dealer who takes occasional deliveries from China. http://www.tungsten-alloy.com/en/alloy11.htm

Shameful's picture

Rods from God?


Now just have to sucker all the people looking for gold/silver delivery into the same area and one surgical strike to take them out and save the ponzi for another day.

Cognitive Dissonance's picture

The most described system is "an orbiting tungsten telephone pole with small fins and a computer in the back for guidance". The weapon can be down-scaled, an orbiting "crowbar" rather than a pole.[citation needed] The system described in the 2003 United States Air Force (USAF) report was that of 20-foot-long (6.1 m), 1-foot-diameter (0.30 m) tungsten rods, that are satellite controlled, and have global strike capability, with impact speeds of Mach 10, and strike 25-foot accuracy.[3][4][5]

whatz that smell's picture

affectionately know by the little dik-diks at the pentagon as "the rods from god"...

..."The X-51 Waverunner is said to be a warhead in the making, which will be filled with thousands of rods 12 times as destructive as a .50-caliber bullet, targeted to shower a designated area using the explosive impact of kinetic rods cratering at hypersonic speeds to destroy targets"....

..."these could come in the form of "precision" munitions or hypervelocity rod bundles, so called "Rods from God," tungsten projectiles lobbed from space at 36,000 feet per second that can "hit a cross-haired target on the ground."

Drachma's picture

With those dimensions and impact velocity we can estimate a total kinetic energy of impact at close to 50 GJ or about 12 Ton TNT equivalent. Frightening that you wouldn't even hear it coming.

For single projectile:

Building evacuation distance: 1200 ft.

Outdoor evacuation distance: 6400 ft.

carbonmutant's picture

Is that gold bar or are you trying to shaft me...

newworldorder's picture

The Yellow Brick Road leads to tungsten city.

cougar_w's picture

Just wait until Egypt wakes up to the need to refill their vault with the 75 tons of gold the Mubaraks made off with. I'm loading up on tungsten today!

youngman's picture

Because JPM and HSBC does not naked short this metal...and there is no ETF for it either....lol

TideFighter's picture

tungsten plated gold bars?