I didn't think titanium was worth that much...

Discussion in 'Coin Chat' started by Pi man, Feb 4, 2013.

  1. Pi man

    Pi man Well-Known Member

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  3. Tyler

    Tyler Active Member

    Isn't titanium like $10 a pound?
     
  4. Pi man

    Pi man Well-Known Member

    I read around $20. I can't confirm this, but even that would only be ~$500 worth.
     
  5. Tyler

    Tyler Active Member

    Wait, we forgot, they may get 2% back from eBay bucks! It isn't as dumb a deal as it seems. :confused:
     
  6. Pi man

    Pi man Well-Known Member

    Good save! Forgot about that! :D
     
  7. rickmp

    rickmp Frequently flatulent.

    "serious investors are now dumping silver to buy titanium as fast as they can."
     
  8. Conder101

    Conder101 Numismatist

    Price charts from Metalprices.com shows currently around $10.40 a pound. Ebay seller is asking $46/pound. High price for the past three years was about $12.50 /pound.
     
  9. medoraman

    medoraman Supporter! Supporter

    Also:

    "worldwide events are causing shortages".

    Gee, I have never heard such scare tactics used to convince people to buy a metal, oh wait......
     
  10. Detecto92

    Detecto92 Well-Known Member

    Brass, copper, steel, titanium, etc are all base metals. Never buy base metals for investing as they take up an insane amount of space, and require the price to go up quite a bit to make a decent return. Only stick with precious metals.
     
  11. jjack

    jjack Captain Obvious

    That is probably one of your bests posts here...
     
  12. Conder101

    Conder101 Numismatist

    Tantalum is a base metal too and in the past 5 years it's gone from $40 a pound to $185 a pound.
     
  13. Lon Chaney

    Lon Chaney Well-Known Member

  14. medoraman

    medoraman Supporter! Supporter

    I simply buy both physical and stocks dealing with PM, and buy stocks of base metal companies. It still leads to my SDB being way too heavy. I sure as heck don't want to be having to stack bars of tantalum and other things in there as well. :(
     
  15. scottishmoney

    scottishmoney Buh bye

    Titanium is not expensive so much from demand is the fact that it is difficult to work. Back in the late 50s and early 1960s the only source for titanium was in the USSR. Titanium was needed by Lockheed for parts of the SR-71 Blackbird, and through various channels the US government purchased the necessary titanium from the Soviets for "research purposes" and of course didn't tell them what they were really using it for. A few years later that same titanium went back over the USSR at 20.000 metres above them - and just out of missile range! The USSR could bring down a U-2, but they never got close to "Habu".

    And all these 40+ years later I am still proud of that amazing accomplishment - the SR-71 is still the fastest and highest bird ever built - using 1950's technology and designed by the great Kelly Johnson. Sure it set published records, but only a few in the know really know what it was truly capable of. Spasiba dlya vce tovarischii!

    As a military industrial complex brat with a family member high up in the programme I got the unique opportunity to sit in the cockpit when I was an anklebiter. Still love the bird that put the beans on our dinner table.
     
  16. Detecto92

    Detecto92 Well-Known Member

    I thought the SR-71 was introduced in 1966.
     
  17. Pi man

    Pi man Well-Known Member

  18. scottishmoney

    scottishmoney Buh bye

    When did I tell you when it was introduced? I didn't share that. The project was started in the late 1950s and went on through the early 1960s - the plane went through a couple of iterations before it was "public". And it changed from RS-71 to SR-71.
     
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