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Tungsten Outperforms Gold, Returns 70% In Last Year
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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Very funny (bitchez, of course).
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 ;)
www.silvergoldsilver.blogspot.com
This headline made me laugh out loud. Oh the irony...
Irony is when the price of tungsten and gold finally reaches UNITY.
Probably still a year or two away yet! :)
isnt tungsten vital in the production of gold bars?
Due to the rise in the price of cocao, counterfeiters are now producing chocolate-covered tungsten...
Isn't it one of the raw materials used in the manufacture of Chinese rice?
good point
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.
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
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.....
Tyler, tungsten is the poor central banker's gold....
very witty Trount...
(I hope you meant it that way)
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.
salted gold, bisches
+1000
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?
when does it reach equilibrium with gold
Damn... you beat me.
Sorry for the unintended pilferage!
clearly, tungsten is the secret ingredient in the iPhone 4.
Since ordinary incandescent bulbs are being phased out, just where is the demand for tungsten coming from?
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..
Munitions?
... Tungsten's hardness and high density give it military applications in penetrating projectiles.
This is all so surreal. Why even bother anymore.
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.
you will have to pry my tungsten from my cold dead hands...
That makes you a tungsten bug.
Start hoarding and selling incandescent light bulbs and Leviathan may well make your wish come true.
Tungsten.......as good as Gold.
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?
Increased demand for lightbulbs?
I can't explain it. You can't eat this shit.
Tungsten, Bitchez (?)
Wait, this is a precious metal now, correct?
You can bet 500 bars of gold pressed tungsten it is.
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.
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.
If Bernanke said, "He does not know why the price of gold is rising", then would he not think tungsten a fair substitute?
How long until the U.S. Mint sells One Ounce Tungsten Eagles?
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
Rods from God?
http://en.wikipedia.org/wiki/Kinetic_bombardment
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.
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."
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.
Is that gold bar or are you trying to shaft me...
Apparently both. :>)
Truely...lol
The Yellow Brick Road leads to tungsten city.
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!
Because JPM and HSBC does not naked short this metal...and there is no ETF for it either....lol
tungsten plated gold bars?
Yes, they need to somehow coverup the plated tungsten. Sorry, don't worry you made more with your fake gold.
Very much like the manipulated markets today. Maybe the FED is paying a premium for fake gold!
Tungsten steel is the core element to the M855 5.56 caliber round used by all on ground military personnel in combat. Black Hills ammunition a primary producer runs 3 shifts 24/7 to simply keep up with the GOV's demand.
M855's penetrate kevlar flak vests, rendering them useless if stolen or wore by "the enemy". Not much good in friendly fire incidents either sad to say.
Guess we'll have to start shooting gold at them before long (insert Goldfinger theme song here).
These were my first thoughts as well.
a few fixes for you....
M855 is a steel core penetrator
M995 is the tungsten AP round.
Also, black hills is making the MK262.
(to read listening to http://www.youtube.com/watch?v=UnBi3S4PIAY)
"Silver: When most people think of silver weapons killing monsters they think of silver bullets and werewolves, however, silver stakes, spears and daggers have also been known to slow down and kill vampires. Silver is considered to be a metal of purity and has been used for protection against evil in almost every world culture throughout history. Silver can be melted down to form amulets, jewelry, bullets, daggers and religious symbols such as crucifixes. Silver amulets and daggers can be put into the ground above the grave to prevent evil spirits from escaping. Silver nails drove into coffin lids are said to help prevent evil spirits from rising from the grave."
then what are the monsters on wall street?? Blythe hasn't melted yet
Silver will be the end of the Blyth-monster yet.
Ca$h4Tungsten
Bay of Pigs,
Go Daddy says www.Ca$h4Tunsten is available. Better grab it.
if egypt can do it, so can we
buying votes
http://hosted.ap.org/dynamic/stories/U/US_GENERAL_MOTORS_BONUSES?SITE=AP...
Tungsten eagle's coming up?
They are already here. I'm sure that we have some Chinese counterfeit Gold Eagles in the marketplace that are nothing but gold plated tungsten coins . It's just that the owners haven't scratched the surface ;).
You can be sure that it's already happening by reviewing China's annual tungsten imports (to see if there has been a spike in the imports off late).
this really sucks for me due to it being a major element in my product... ggrrr
Gold-plated Tungsten bars?
http://www.capitalresearchinstitute.org
What is Wealth
Wealth is something we want, and yet, we go through most of our lives confusing currency and wealth. The end result: the never-ending pursuit of ever-increasing digits on a computer screen. But arguably wealth is a lot more than just money, it is anything “of great worth or quality”. The other aspects of wealth have been massively downplayed, for most of the last century.
Real wealth is many things, but what will prove to be most valuable in the years to come? The Capital Research Institute presents: The Top Alternative Measures of Wealth for the 21st Century
1) Skill. Highly skilled individuals will continue to be highly valued. Machine operators, teachers, managers, analysts. If you are highly skilled in only one area, you also have to be ready to be highly adaptive, in case demand for your skills wane (as law students are finding out). Being highly specialized will always have its benefits, but it also bears repeating that it also has its negatives...
Alchemy.. the skill for forever wealth!
Sandwich coins, sandwich bars, the important thing is intrinsic value. Even if US coinage was made from this stuff, (it would take a Germain press to stamp the image on it no doubt), it will still be worth more than the fed's ciphers or the treasurys' latest interest bearing script in the long run.
Any metal is Precious comparatively speaking to their issue.
I agree it limits the ability to counterfiet money to some extent, but a money's value should reflect its known scarcity.
According to wiki:
About 37,400 tonnes of tungsten concentrates were produced in the year 2000
Whereas gold production for year 2000 was around 2500 tonnes... a fifteenth as much.
Assuming production figures are still roughly proportional, if we look at the price of gold, it's around $44,000,000 a tonne, whereas tungsten is $42,000 a tonne (http://www.infomine.com/chartsanddata/chartbuilder.aspx?z=f&g=127646&dr=2y).
So fifteen times as much tungsten is produced, but it costs 1/1000 the amount.
Not sure where I'm going with this. I think I need another coffee :-p
Maybe the Dutch Central Bank would trade it against it's gold, a perfect hedge against stupidity of what they are famous for....
Portugal deserved a little good news.
The Ecstacy of Tungsten.
check the price of silver and gold spray paint
Hell yeah, Tungsten Bitchez!
How's about a Make-Your-Own-Incandescent-Lightbulbs-At-Home kit!
Combine your existing glassblowing skills and surplus tungsten with our kit containing simple instructions on how to Make-Your-Own-Incandescent-Lightbulbs-At-Home. Feel all of the nostalgia of 2005 while you and the kids sit around and read (just kidding) by the warm light of your own homemade Incandescent Lightbulbs.
Tunsten is a major component of some of our most effective peace enforcerment munitions™
What are you, some kind of terrorist?
'Rust Never Sleeps',... especially when its mixed with a double eagle.......
Aside from all the derision, it is a large component of and with many industrial applications. Maybe just maybe it's because someone's actually machining or welding something along with it's other uses. Just saying, lets not miss the forest for the sarcasm.
The central banks stands ready to lease more and more tungsten into the market if the price rises. LOL.
Yes. Lets concentrate on gold suppression. The rising price of gold actually makes the US more solvent as its only asset rises in value to counter the national debt. But lets sit on it and allow food and material prices to skyrocket instead.
X-ray tubes for Homeland Security?
Those tungsten investors are gonna be so pissed when they find out there's gold in it.
Soon they'll be hunting those bars to strip the gold off and get the tungsten!
Replacing depleted uranium projectiles...down range bitchez!
Now that truly made me laugh out loud... too f'ing funny, It's all the Onion now.
TuGs(tm ;)- Tungsten-Gold All-clad Coinage coming to a Mint near you? you cant question the 400 oz'ers if the coins are the same. Chicken-egg thingy.
If Gold is the Kings money, Silver the Gentlemans, Tungsten would be...?
The sheeples
... for the peasants :>)
NASCAR drivers.... tools of the trade to get around the specs
You are thinking of titanium. Its a light metal.
... central bankers gold.
the demand is always high for tungsten and most of us on this blog know the reason for that.
Who would have known that in a period of record money printing, gold would underperform most commodities except for energy and a few softs.
I would have thought that gold would be $2,000 by now and oil at $150.
It passed 2000 in Yuan long ago
I am astonished that you call for 2000$/oz by now; anyway, in the seventies gold went only up when the money had nowhere else to go. The top '74 happened at almost the same time as the bottom in the DOW, only when the DOW did not advance later on gold started rising again.
Wait for a top in stocks and gold will move up again. Possibly a default at COMEX or LBMA will do the trick too.
I've been in the gold plating tungsten business for about 10 years. Margin pressure has been intense lately, but this has been offset by an expanding client base and fantastic top line growth. Most of my orders have been domestic so it keeps my shipping costs down.
+1
Deep storage effect.
Hedonics and substitution...see what happens when the BLS gets involved?
FAKE == "PLING"
GOLD == "PLUNK"
Finger snap "B-----Z"
LOL NO.
Fake=plunk
Gold=pling
Yeah I'm with you. Tungsten is like a resonating tuning fork.
Gold = plunk
Fake = pling
Uh oh...
and thus the reason why tungsten is in high demand..
Speed of sound in tungsten = 4320 m/s
Speed of sound in gold = 3240 m/s
Pure tungsten will sing like gold and sing at higher pitch.
But when you wrap gold around tungsten you have a massive drop in pitch just like yelling at someone under water. = plunk
Huh?
Speed of sound in tungsten: 5174 m/s
in gold: 1740 m/s
in silver: 2600 m/s
All numbers from the German Wikipedia
Thanks gunther. I opened back up a bit and they trying to do a diffusion job on me. Thanks for finding the right numbers.
But I did find out why tungsten bars clunk. They have a granulated core with a resin coating.
About heavy metals - http://www.youtube.com/watch?v=UnBi3S4PIAY
"Silver: When most people think of silver weapons killing monsters they think of silver bullets and werewolves, however, silver stakes, spears and daggers have also been known to slow down and kill vampires. Silver is considered to be a metal of purity and has been used for protection against evil in almost every world culture throughout history. Silver can be melted down to form amulets, jewelry, bullets, daggers and religious symbols such as crucifixes. Silver amulets and daggers can be put into the ground above the grave to prevent evil spirits from escaping. Silver nails drove into coffin lids are said to help prevent evil spirits from rising from the grave."
Listen... and hold... heavy metal... and... Death to the undeaaaaad! Kill JP moooooorgue!
I'm glad to notice that most readers get why the price has surged. On most sites very few realize.
Tungsten is the the change you can believe in!
Tungsten: Coming soon to the change in your pocket (if not already there!) :>D
uses for tungsten:
http://web1.caryacademy.org/chemistry/rushin/StudentProjects/ElementWebS...
http://www.ormondemining.com/about-tungsten/index.html
Here's another use you might not have thought of Ziggy:
http://www.marketwatch.com/Community/groups/us-politics/topics/fake-gold...
YouTube - Gold Bars-- with Tungsten Cores
YouTube - Tungstengold Tungsten Gold Wolframgold Wolfram Bars
This site linked in Zerohedge and inserted the chart and put a video in about that German fake tungsten bar from last year. Guess that shows why tungsten it up 70%. Proof is in the pudding, so to say.
http://sherriequestioningall.blogspot.com/2011/02/tungsten-up-70-in-valu...
Once again ZH was all over this story way in advance...
Tungsten / gold bars destined for Ft. Knox were allegedly trucked direct to Kentucky for exchange with “what ever was left” in the depository which was stolen outright – but bringing the outstanding in Ft. Knox up to 640 thousand – 400 oz tungsten bars which are there now.
10,000 metric tonnes of fake gold bars earmarked for the intl. markets were supposedly hallmarked and “papered” as going through a holding facility of Engelhard [Vancouver] and trucked back to Mena, Arkansas and then on to Panama – TO SIT – awaiting distribution into the intl. market.
The big questions beside “greed” – is “why” and “how” does one feed 10,000 metric tonnes of fake gold into the international market?
The Motive
Take a look at when Rubin / Summers instituted their “Strong Dollar Policy”: Understand, weakness [capping] of the price of gold along with stimulative and arbitrarily low interest rates [to give the U.S. economy a false, bolstered illusion of health].
Full story....
http://www.zerohedge.com/sites/default/files/tungsten%20genesis.pdf
This is way ZHs the greatest!!
I can see CNBC's take on it
"You're Gold may be Tungsten....here's why it is good"
+1
For gold, we have tungsten.
For silver- molybdenum:
http://gold-silver.us/forum/gold-silver-precious-metals/silver's-new-fake-counterpart-molybdenum!/msg173889/#msg173889
Both fakes can be detected with ultrasound.
Likely the ping of molybdenum will be different too, and happy machining that stuff.
Melting molybdenum is difficult, it melts at over 2600 C wile silver melts at 961 C.
The Climax mining Co. was in the process of moving an entire mountain in Colorado, for the Molybdenum (who was the tongue-twisted jerk that named this element, anyway?).
Is tungsten in a bubble?
Another silly question after replacing all those tungsten light bulbs in Europe with energy saving ones, what is now the demand driver for tungsten?
Silly me it's the central banks!
Any central banker worth their salt knows to keep some tungsten around.
Go long Pan Galactic Gargle Blasters!
"... is like having your brains smashed out by a slice of lemon wrapped round a large gold brick"
If you eat one ounce of Tungsten a day, it keeps your traditional
marriage safe from Homosexuals.
Uh, hello? You need tungsten if you are going to dip Tungsten bars and pass them off as gold to hide the actual state of physical gold markets. You think it's beneath these devils to do it? This last act of defiance carries a bonus of casting new doubts as to the integrity of all physical transactions in gold, as well. They will absolutely pull out every stop here at the end of the rope...