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  • Tim Knight from...
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Tungsten Outperforms Gold, Returns 70% In Last Year

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Mon, 02/14/2011 - 13:48 | 960115 Thomas
Thomas's picture

Very funny (bitchez, of course).

Mon, 02/14/2011 - 14:34 | 960307 bankrupt JPM bu...
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 ;)



Mon, 02/14/2011 - 14:45 | 960339 Turd Ferguson
Turd Ferguson's picture

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

Mon, 02/14/2011 - 15:21 | 960475 ZerOhead
ZerOhead's picture

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

Probably still a year or two away yet! :)


Mon, 02/14/2011 - 15:51 | 960626 johnQpublic
johnQpublic's picture

isnt tungsten vital in the production of gold bars?

Mon, 02/14/2011 - 23:22 | 962445 StychoKiller
StychoKiller's picture

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

Tue, 02/15/2011 - 10:58 | 963372 BigJim
BigJim's picture

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

Mon, 02/14/2011 - 15:51 | 960631 Turd Ferguson
Turd Ferguson's picture

good point

Mon, 02/14/2011 - 17:21 | 961128 BorisTheBlade
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.

Mon, 02/14/2011 - 20:14 | 961847 dehdhed
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

Mon, 02/14/2011 - 16:53 | 960974 f16hoser
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.....

Mon, 02/14/2011 - 13:47 | 960118 truont
truont's picture

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

Mon, 02/14/2011 - 15:22 | 960478 Hook Line and S...
Hook Line and Sphincter's picture

very witty Trount...

(I hope you meant it that way)

Mon, 02/14/2011 - 15:38 | 960546 Michael
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.

Mon, 02/14/2011 - 15:53 | 960636 Sokhmate
Sokhmate's picture

salted gold, bisches

Mon, 02/14/2011 - 16:20 | 960773 Stuart
Stuart's picture


Mon, 02/14/2011 - 17:00 | 961018 Michael
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?

Mon, 02/14/2011 - 13:48 | 960122 uno
uno's picture

when does it reach equilibrium with gold

Mon, 02/14/2011 - 15:23 | 960481 ZerOhead
ZerOhead's picture

Damn... you beat me.

Sorry for the unintended pilferage!

Mon, 02/14/2011 - 13:49 | 960126 txapela
txapela's picture

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

Mon, 02/14/2011 - 23:24 | 962459 StychoKiller
StychoKiller's picture

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

Tue, 02/15/2011 - 11:56 | 963573 BigJim
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.

Mon, 02/14/2011 - 13:49 | 960127 monopoly
monopoly's picture

This is all so surreal. Why even bother anymore.

Mon, 02/14/2011 - 14:17 | 960243 jus_lite_reading
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.

Mon, 02/14/2011 - 13:51 | 960135 breezer1
breezer1's picture

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

Mon, 02/14/2011 - 15:03 | 960396 Thomas
Thomas's picture

That makes you a tungsten bug.

Tue, 02/15/2011 - 11:58 | 963579 BigJim
BigJim's picture

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

Mon, 02/14/2011 - 13:52 | 960138 Cognitive Dissonance
Cognitive Dissonance's picture

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

Mon, 02/14/2011 - 15:25 | 960491 ZerOhead
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?

Mon, 02/14/2011 - 13:53 | 960141 Sophist Economicus
Sophist Economicus's picture

Increased demand for lightbulbs?

Mon, 02/14/2011 - 13:54 | 960149 bob_dabolina
bob_dabolina's picture

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

Mon, 02/14/2011 - 13:56 | 960152 mark mchugh
mark mchugh's picture

Tungsten, Bitchez (?)

Mon, 02/14/2011 - 13:55 | 960155 The Nagus
The Nagus's picture

Wait, this is a precious metal now, correct?

Mon, 02/14/2011 - 17:25 | 961155 Hephasteus
Hephasteus's picture

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

Mon, 02/14/2011 - 18:14 | 961388 Michael
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.

Mon, 02/14/2011 - 13:57 | 960158 Devore
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.

Mon, 02/14/2011 - 13:59 | 960161 Mr Lennon Hendrix
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?

Mon, 02/14/2011 - 13:58 | 960164 SilverIsKing
SilverIsKing's picture

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

Mon, 02/14/2011 - 14:34 | 960284 Going Loco
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

Mon, 02/14/2011 - 13:58 | 960165 Shameful
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.

Mon, 02/14/2011 - 14:11 | 960213 Cognitive Dissonance
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]

Mon, 02/14/2011 - 17:19 | 961105 whatz that smell
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."

Mon, 02/14/2011 - 17:19 | 961119 Drachma
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.

Mon, 02/14/2011 - 14:02 | 960177 carbonmutant
carbonmutant's picture

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

Mon, 02/14/2011 - 14:11 | 960217 Cognitive Dissonance
Cognitive Dissonance's picture

Apparently both. :>)

Mon, 02/14/2011 - 14:56 | 960378 carbonmutant
carbonmutant's picture


Mon, 02/14/2011 - 14:01 | 960178 newworldorder
newworldorder's picture

The Yellow Brick Road leads to tungsten city.

Mon, 02/14/2011 - 14:03 | 960182 cougar_w
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!

Mon, 02/14/2011 - 14:03 | 960183 youngman
youngman's picture

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

Mon, 02/14/2011 - 14:03 | 960184 TideFighter
TideFighter's picture

tungsten plated gold bars?


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