"you counting on the chinese to buy gold though arent you ha...

"you counting on the chinese to buy gold though arent you ha haa"

Yes, along with all central banks, international investors, jewellery markets and industrial markets which results in average trading volumes of US$35 million per day for gold in the over the counter markets (OTC) (through Loco-London and Loco-Zurich). Fact.

Compare that with LIT X Global Lithium and Battery Tech ETF fund. On a 90 day average, LIT has a trading volume of 47,680 units. At the current price of US$30.34 that’s a daily value of about $1.44 million or about 35,000 times less than the value of daily gold trading.

At current levels of LCE sales world wide of about 300 to 350kt/annum the total annual value of sales of LCE are about US$7 billion annually at a LCE price of US$20,000/t or about one fifth of the daily value of gold traded.

Maybe that tells you how insignificant lithium is as a market compared to gold.Esh