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hector6man
Penny Pincher Member
USA
129 Posts |
 Posted - 04/16/2008 : 06:59:02
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Hey guys, I went on wiki to find out why nickel is going up in value but cant really find any info, do you guys know why it's move up? Also for the bullish hoarding nickelheads out there I found out on wiki also that there is only 90 years of nickel supply left in the world! wiki= wikipedia.org
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"Ninety-nine percent of the failures come from people who have the habit of making excuses." -George Washington
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swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 04/16/2008 : 07:08:09
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quote:
Originally posted by hector6man
Hey guys, I went on wiki to find out why nickel is going up in value but cant really find any info, do you guys know why it's move up? Also for the bullish hoarding nickelheads out there I found out on wiki also that there is only 90 years of nickel supply left in the world! wiki= wikipedia.org
Those years of supply are a little misleading. I am pretty sure they count only what can be produced at a profit. Well easy way to fix that number is just up the price. If you double or triple the price without doing the same to production cost, then (a lot?) new supply is available.
I doubt we can run out of any of these items in the true sense. If the price is high enough then we can produce it. In real world, if the price gets high enough people can't afford it.
I think the only way to get a shortage is for demand to be higher than possible daily output.
-SWUSC
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`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 04/16/2008 : 07:15:21
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There is a 90 year supply of nickel given currently known in the ground deposits and the last that I checked that stuff is not getting any cheaper to dig up and extract. Above ground supplies of ready to use nickel are much, much tighter.
The stuff in the ground does not really tell the nickel price story especially if you don't couple it with the cost of extraction for all deposits. The above ground supply tells you much more, but is still not a perfect indicator. It hints at how much can be dug up profitably at the current price in relationship to how strong the demand is at the current price.
The tricky part is that there are many, many lagging causes and effects that can make the above ground supply numbers not tell the whole story (example: the time that it takes to get new nickel mines operational). |
Edited by - horgad on 04/16/2008 07:24:12 |
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swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 04/16/2008 : 08:16:58
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Ok so no matter what the price, we only have 90 years of nickel. Is that assuming any growth in demand? If not, then I guess we could assume growth will be covered by new finds.
-SWUSC
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`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 04/16/2008 : 16:59:44
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| One of the large uses of Nickel is for military equipment. China is consuming a large amount of Nickel. I wonder why? |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/16/2008 : 17:21:50
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Based on geophysical evidence, most of the nickel on Earth is postulated to be concentrated in the Earth's core. So all they need to do is to dig real deep. |
Realcent.forumco.com disclosure. Please read.
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Think positive. |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 04/16/2008 : 17:21:57
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The wikipedia aticle mentioned nickel mined on the surface but did not mention nickel that could be extracted from the sea floor.
You must be logged in to see this link.
Yes, the technology is still in its infancy, but the technology to extract diamonds from the sea floor has proven to work.
Who knows? Maybe 60-75 years from now meteorites will be mined for their nickel content. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/16/2008 : 19:19:35
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| I only plan on living another 89 years.. so I guess I am safe. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 04/17/2008 : 21:47:27
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| I read China uses lots of nickel for the batteries in hybrid cars. |
"99% of all lawyers give the rest of them a bad name"
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 04/19/2008 : 11:54:51
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| Remember in 1970 we only had 30 years of Oil left in the world. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/19/2008 : 14:27:53
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| Well there is only a two year supply of copper pennies left. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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lilyrdape
Penny Pincher Member
USA
152 Posts |
Posted - 04/20/2008 : 02:26:50
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quote:
Originally posted by Ardent Listener
Well there is only a two year supply of copper pennies left.
theres no supply if your catching hoards dumps |
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90 YEARS OF SUPPLY!
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