Kaiser613 wrote:
I just can't wrap my head around it's recovery from tinplate cans
Different melting points. It’s that simple.
Tin is so under valued at the moment it’s a joke. That’s because recycling is so easy. The problem is, as a few sources have estimated this month, the surge in buying of produced tin plate products, combined with international runs on active purification filters which have tin, has wiped out nearly half of the standard fluent supply. None of that is expected back into the marketplace for at least 6 months. Years before we return to 2019 levels.
If tin value was based on actual extraction and production value it’s closer to $12 per pound right now consumer value.
Some yards have added a category for tin plate cans now. The average price in bulk being about 20č per pound vs high grade steel at 11č. Enough difference for large yards to start sorting.
Mwfhawk
I don’t think we disagree as much as you look at we ad. Look at if.
I personally don’t think we should ever have left the silver standard. America had gold but the gold standard was an afterthought until 1847. The sudden influx of gold made small change lcd coins possible. And it stuck through the civil war since people had been using it for more than a decade by then. Making 1/4, 1/2, and 1oz tokens just as usable as coins.
By the time we reached the 1890s we went back to silver as the national base.
Silver fizzled out as backing in the Cold War years but still has a solid pegging.
The silver 10€ is technically worth 10€! (Or 12 IMU) A 1oz Chinese Sikver Panda is technically worth 12 IMU. As is the silver maple leaf.
A silver liberty is only $1 USD but is 12 IMU.
So as far as silver is concerned unless the United Nations dissolves silver isn’t going to have any real flux at the international level.
One IMU is 1/12 oz five 9 gold.
Gold is the one with some major question marks to it.
As I pointed out my thoughts above I do see ways the economy can collapse. But I don’t see it as likely.
Gold is acceptable as a unit of transaction most places where multiple ounces would be required.
You can deposit, sell, and buy, gold at most major brokerage and investment firms. Not GS and JPM do so. Wachovia as well. Stuart, ML...!
Many car dealerships will allow you to buy a car in marked certified gold coins and ingots. Larger firms will accept gold for a Mortgage payment.
We’re not talking scrap gold jewellery and pins here but marked certified gold and gold coins.
I also think we’re even less likely to see an international crash as countries move to digital money. Where real value (outside of fluxes) is based on energy and time. Japan, Thailand, Singapore, China, UAE, Saudi Arabia, France, Brazil, Columbia, ... all have or are working on a definite release and transition. In the US the IRS and Federal Reserve have a task force set up to research it.
Brave is creating the 4th browser war with its blockchain.
Bitcoin is accepted by international retail giants and mom and pop stores.
BTC and Lite coin are accepted at major tobacco and gas station chains.
Tron is “legal” payment in the entertainment back end. Though currently only with independent studios and individual productions. That’s due to the stigma of BitTorrent more than anything.
As such I have for some time now said that crypto isn’t much as an investment as much as an early adopter return on value. Exactly the same methodology as when the US mint sells bulk lots of special coins and sets to large distribution and dealership partnerships. Well above face value but well below retail.
Crypto has you paying into production now to build out volume for a hopeful return increase.
World wide collapse is a possibility but I don’t consider it likely. But I’m just me. A guy with his head stuck in the back side of DOS.
-- my opinions are my own and do not represent the opinions of any else unless you agree with me (kool!). And all this is just my opinions.