New uses for old bunkers #6: re-burying rare industrial metals inside Swiss mountains
May 19, 2012 1 Comment
Now here’s a weird conjunction of themes that I wasn’t expecting to stumbled upon: an excuse to combine metal theft and the evolving life of bunkers in one place…
Yesterday I took a break from tracing the afterlife of defensive shelters, and blogged about metal theft and the world price of copper. Today I stumble upon the following – companies offering underground and other bunker-like storage facilities to enable investors to securely hoard stocks of ‘rare earths and precious industrial metals’, including vaults deep inside the Swiss Alps:
The video speaks for itself really, but just to underpin the point, here’s a quote from another metal broker/storage company (this one’s Panamanian registered but also provides its storage in secure Swiss compunds):
“Physical ownership of rare strategic metals like Tellurium, Hafnium, Tantalum, Indium and the precious industrial metal Silver, is one of the best ways to preserve your wealth during the current economic crisis. Together with one of the largest metal traders in the world, Haines & Massen (since 1948) we have selected specific rare technical metals used in 80% of industry, including production of the new CIGS (Copper, Indium, Gallium, Diselenide) PV thin-film solar cells. These rare industrial metals are steadily increasing in value because of an extreme supply and demand situation created by China’s monopoly of rare earth and technical metals. You will benefit from the rapid growth of the world’s developing economies that are consuming massive amounts of these rare earth, technical metals, and driving up their value. Developed industrial powerhouses like the USA, Japan, Germany, and Korea etc., are also in need of ever-increasing amounts of technical metals. Chinese rare industrial metal exports are not meeting current global demand. New mining operations around the world are rushing to try and contribute to the global supply of rare industrial, technical metals. If and when these startups ever do come on line, they will not be able to meet an exponentially growing demand. This supply and demand scenario will only insure that the metals will increase in value each year and further enhance the value of your SMA metal assets. Swiss Metal Assets S.A. (SMA) and Schweizerische Metallhandels A.G. have been helping Europeans and Americans protect their wealth in Switzerland since 2005. Your allocated metals will be stored in a high security vault system within the Duty Free zone outside of Zurich, established in 1923. This is your opportunity to counteract the negative effects of inflation and devaluation on paper currency by buying Rare Earth Metals.” (from http://www.swissmetalassets.com/)
In case you’re wondering – no, I’m not working on a commission or offering investment advice…
I’m just struck by the irony of going to great lengths to extract metals from deep underground and then paying to securely burying them back in the depths of the Earth.