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hoard alumimun -lol - 6/18/2011 11:11:44 AM

pahunkboy

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Warehouse ownership by Wall Street banks raises market manipulation suspicions Submitted by cpowell on Fri, 2011-06-17 14:55. Section: Daily Dispatches Wall Street Eyed in Metal Squeeze By Tatyana Shumsky and Andrea Hotter
The Wall Street Journal
Friday, June 17, 2011 http://online.wsj.com/article/SB1000142405270230418640457638968022539464... Goldman Sachs Group Inc. and other owners of large metals warehouses are being scrutinized by the London Metal Exchange after being accused by users like Coca-Cola Co. of restricting the amount of metal they release to customers, inflating prices. The board of the LME met on Thursday to discuss complaints from aluminum users and market traders, who say operators of warehouses, which also include J.P. Morgan Chase & Co. and Glencore International PLC, should be forced to allow the metal out more quickly to meet demand. Aluminum prices have jumped 13% since the start of 2010 even though economic growth had been tapering off. Aluminum for delivery in three months on Thursday closed at $2,557 a metric ton on the LME, down 1.3% on the day. ... Dispatch continues below ...

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RE: hoard aluminum-lol - 6/18/2011 11:20:09 AM

soul2share

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aluminum.

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RE: hoard alumimun -lol - 6/18/2011 11:22:53 AM

tj444

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Oh yes! I have been saving pop and beer cans for a while now.

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RE: hoard alumimun -lol - 6/18/2011 2:23:19 PM

MasterG2kTR

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locally here.....$0.73/pound....highest I've ever seen it

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RE: hoard alumimun -lol - 6/18/2011 2:37:28 PM

Musicmystery

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The Paris debut

Henri Sainte-Claire Deville of France substituted potassium with less expensive sodium in 1854 and was able to create enough aluminum for display at the Paris Exposition of 1855. Billed as "silver from clay," aluminum bars were shown alongside France’s crown jewels. The juxtaposition was fitting: rubies, emeralds and sapphires consist mainly of crystalline aluminum oxide.

At that time, pure aluminum was valued at $115 per pound—more expensive than gold. [What cost $115 in 1855 would cost $2,657.46 in 2010.] Napoleon III proudly displayed aluminum cutlery at his state banquets, commissioned aluminum equipment for his military and even had an aluminum and gold baby rattle made for his son.

http://acswebcontent.acs.org/landmarks/landmarks/al/revolution.html

< Message edited by Musicmystery -- 6/18/2011 2:40:36 PM >

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RE: hoard alumimun -lol - 6/18/2011 2:41:05 PM

FullCircle

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quote:

ORIGINAL: tj444
Oh yes! I have been saving pop and beer cans for a while now.

No need to do that. Just chop up a few pieces of wood, paint them silver and sell them to the op.

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RE: hoard alumimun -lol - 6/18/2011 3:12:21 PM

tj444

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quote:

ORIGINAL: Musicmystery

The Paris debut
At that time, pure aluminum was valued at $115 per pound—more expensive than gold. [What cost $115 in 1855 would cost $2,657.46 in 2010.]

I think its sorta funny, i read about the tulip craze where supposedly some tulip bulbs were selling at the peak for about 150,000 or more in todays dollars. I wonder how the wives reacted when their hubbys came back home with a few bulbs that they spent a fortune for...

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RE: hoard alumimun -lol - 6/18/2011 7:29:16 PM

pahunkboy

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quote:

ORIGINAL: MasterG2kTR

locally here.....$0.73/pound....highest I've ever seen it

I sure did not mind seeing a guy picking a lone can tossed out on the street the other day. People litter. So there could be some good in a higher price.

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RE: hoard alumimun -lol - 6/19/2011 3:57:16 AM

Aneirin

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As a metalsmith, I never understood the fascination for gold, as beyond it's monetary value and a few uses in electronics and medics, it is pretty damned useless as a metal. Now silver has a use, it is a water purifier, we need water to live, so it has a use. Then as we go down the metals scale copper, aluminium, iron, tin, lead etc, these are low monetary value, but have far more uses to mankind.

Gold is a statement of personal adornment and monetary wealth and nothing more, the other metals have real uses to mankind, maybe gold was the oddball metal chucked into the mix to divert our attention from reality.

I also see gold as an evil metal as all the gold now, what evils and negativities have been wrought in the search for the metal, remember all the wars of the past, and human frailties just to posess small amounts of the stuff. I see gold bathed in blood and iron used to obtain that gold, iron of course can go back to nature through rust, or be reforged into something useful of a more productive nature, whilst gold just sits there creating greed, envy, lust etc.

For the spiritual, I believe gold to be an ungodly material.

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