Bitcoin Forum

It is a rare metal in the platinum family, and it is used in the manufacture of solar panels. The price has gone from $42 to $240 in the past year. It shows that there are other speculative investments other than gold and Bitcoin if you can spot the trends early enough.

Speaking of altmetals (shitmetals?) - rhodium:

https://meem.link/i/a/HzV6Yo.jpg
Edited 2020-11-29 to fix a broken image

Yes, 10k per ounce back in 2008. Used in cars, catalytic converters IIRC.

Shouldn't we call some technical analysis experts from Altcoin Discussion section? They can enlighten us with some suggestion of when to buy. Seems like it's gonna have a bull run and this time it will cross the last ATH  ;D

Buy time ???

Beware of investing in industrial metals, even if they're rare.  You look at past results and think the price is going to keep going up--but it very well might drop.  Demand could decrease or a new substitute can be found, whatever.  

I've certainly heard of ruthenium, but I wasn't aware of its uses in industry, nor that its price has almost sextupled (?).  It's interesting, but I'm not comfortable with metals.  Not even gold & silver.  Good eyes though, Jet Cash.  If solar panels are the future, it might be a good play for traders.
Technical analysis is akin to praying at a shrine to Jesse Livermore and hoping you're going to make money.  Such things should not even be a part of Ivory Tower, sir.  They shouldn't even be mentioned. 

*lol*

The price of industrial metals is manipulated by bankers, governments and industrialists, and you really need to take a long term view, unless you are very experienced and knowledgeable. For example, the current infatuation with electric cars is causing some metals to increase in value. Electric cars are more damaging to the environment, but they export pollution from the cities, and impose it on the rest of the country. Governments tend to be located in cities, and give their improvements a priority. If they decide that they can get as much control over motoring from other fuel sources, then all those electric cars will be on the scrap heap, and motorists will be forced to switch to fuel cells, or some alternative. Just think, if China decides that it wants to retaliate against the oil exporting nations, it could develop cars with propulsion systems that use hydrogen extracted from water. Think of the impact that will have on world economies.

I was making fun of them sir. I know they won't even bother to make a discussion here since the post is not going to count for them and other stuffs.

For example, using the solar energy. There will be solar power cars (https://auto.howstuffworks.com/fuel-efficiency/vehicles/solar-powered-vehicle-possibility2.htm) replacing these electric and oil driven automobiles.

There is a BBC documentary on super metals, very rare materials with high demand. They are used in everyday accessories and applications.
I’d recommend anyone to watch it, as it is explained quite easily, even if you are not a material scientist.
https://www.bbc.co.uk/programmes/b08rv9r6

Oh... yeah, that sound familiar... wasn't this one of McAfee's signals?

Probably. During WW2 and other wars the strategic mineral was Casiterite. (https://en.wikipedia.org/wiki/Cassiterite) The thing about all this strategic minerals is that they are required for certain applications but in small quantities so even an small discovery of deposits or the opening of a new mine, even if small, may drive the price down.

Equally, is there is an unforeseen demand, the price may skyrocket since the production is very low.

For those interested, ruthenium is obtainable via urban mining. Watch this vid to see what I mean: https://www.youtube.com/watch?v=v5GPWJPLcHg