Strategic / Rare Metals
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MachineGhost
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Strategic / Rare Metals
What does everyone think about hoarding rare/strategic metals? With China reducing exports by 60% and prices averaging a 16.5% return since 2009, it seems a nice complement to gold.
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Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
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dualstow
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Re: Strategic / Rare Metals
You mean like rhodium? I'd love to have a safety razor coated with the stuff, but I don't think I would hoard it unless it became something commonly bought and sold like gold. And even then...I'll probably just admire the stuff from afar.
I remember in 2010 or 2011 they were touting a rare earth minerals -- not necessarily metals -- stock because of the fear that China was hoarding the stuff. I didn't buy, but I watched closely as it tanked. I wonder how it's doing now. Don't remember the ticker.
Added: Just found this-
Japan breaks China's stranglehold on rare metals with sea-mud bonanza (Telegraph, late March 2013)
http://www.telegraph.co.uk/finance/comm ... nanza.html
I remember in 2010 or 2011 they were touting a rare earth minerals -- not necessarily metals -- stock because of the fear that China was hoarding the stuff. I didn't buy, but I watched closely as it tanked. I wonder how it's doing now. Don't remember the ticker.
Added: Just found this-
Japan breaks China's stranglehold on rare metals with sea-mud bonanza (Telegraph, late March 2013)
http://www.telegraph.co.uk/finance/comm ... nanza.html
Last edited by dualstow on Wed May 01, 2013 7:46 am, edited 1 time in total.
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Ad Orientem
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Re: Strategic / Rare Metals
This could be an interesting VP play.
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Libertarian666
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Re: Strategic / Rare Metals
Concur on VP possibility. I'm pretty sure that HB would agree with me that nothing else will do for the gold portion of the PP.