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Aluminum being hoarded
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Aluminum being hoarded
Sidewinder
46
Aluminum being hoarded
«
on:
July 31, 2011, 01:06:58 PM »
from the looks of it aluminum could be takeing a nice price hike soon.
deathandtaxesmag.com/125638/goldman-sachs-hoarding-aluminum-why/
"Goldman Sachs owns several aluminum storage warehouse. In fact, Goldman is hoarding more than a million tonnes of the stuff. Goldman’s warehoused industrial metal aluminum accounts for roughly a quarter of the estimated global inventories."
Thats a sheet load of aluminum.
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Travis
5484
Every storage unit he buys yields treasure.
Re: Aluminum being hoarded
«
Reply #1 on:
July 31, 2011, 05:07:14 PM »
Quote from: Sidewinder on July 31, 2011, 01:06:58 PM
Thats a sheet load of aluminum.
[/quote
No sheet, really? Start saving your cans.
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Bandit
182
Re: Aluminum being hoarded
«
Reply #2 on:
July 31, 2011, 09:24:18 PM »
Sidewinder
You might have a good thought there , several years ago I did a warranty job for a air compressor company in an industrial park in Nh. and the building was piled to the ceiling with crushed alum. cans , mostly Ma. and Ct. deposit cans ? I asked one of the guys what they did with them all ? and he replied , He didn't know , they just kept adding to the piles , never shipped any out .
Bandit
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jrossjr79
869
In it to Win it
Re: Aluminum being hoarded
«
Reply #3 on:
July 31, 2011, 10:04:31 PM »
Its the General Supply and Demand. You hoard enough of the same stuff in large quanties, companies begin to look for it when they need it, since people are hoarding it, there is less out there. Sooner or later this demands for a higher price for it. Hence the supply and demand.
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