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View Full Version : Rhodium cheaper than PT


astraflyr
11-24-2008, 01:36 PM
Anybody notice Rhodium at 850 and Platinum at 855? Never thought that would happen.

BC_Gold_Guy
11-24-2008, 02:00 PM
no kidding.

I might have to buy an kitco pool ounce one day and just forget I have it....like throwing money at the casino.

...and who knows...maybe one day it will be back to $10,000 an ounce.

Mats Wheellander
11-24-2008, 02:26 PM
If it falls below 200$ I am selling my house and going all in and I don't even know what rhodium is.

marscrumbs
11-24-2008, 03:06 PM
Other than picking up catalytic converter scrap, how does one get physical rhodium at near these prices? Jewlery supplies? They don't make coins or bullion do they?

Sulla
11-24-2008, 03:47 PM
Before you guys get all gaga over the price of Rhodium you should read this article.

http://www.resourceinvestor.com/pebble.asp?relid=45541&phrase=rhodium

BC_Gold_Guy
11-24-2008, 04:18 PM
:eek: Before you guys get all gaga over the price of Rhodium you should read this article.

http://www.resourceinvestor.com/pebble.asp?relid=45541&phrase=rhodium

the article says this -

"Do not at this point in time invest, please, in either rhodium or platinum, until this all shakes out."

but keep in mind that when that article was written, Rhodium was @ $5000 an ounce!

....now its @ $850
:eek:

thod00
11-24-2008, 05:21 PM
Use the historical prices on kitco to see what it has been it varies from $200 to $10,000 an ounce with wild swings. Its a speculators dream metal if you can buy cheap and sit on it.

Still a 20% drop on the last figure a few days back , then another 20% on todays trading. Don't catch a falling knife and all that. Look at the premiums on the Rhodium pool, buy at $800, sell at $1200, 50% mark up means you need a big rise to get your money back. I want to see it stabilize before I inject some cash as a long term buy & hold.

Forget physical. There are no bullion coins or bars. I would guess you could buy rhodium wire or sheet someplace if you were happy to buy a lot. But then you would have to go through assay and finding a buyer when you wanted to sell. The rhodium pool or paper contracts seem to be the only way.

Sulla
11-24-2008, 05:27 PM
:eek:

the article says this -

"Do not at this point in time invest, please, in either rhodium or platinum, until this all shakes out."

but keep in mind that when that article was written, Rhodium was @ $5000 an ounce!

....now its @ $850
:eek:

And right below that it said this as the reason. Be wary of potential future liquidations. It's an industrial metal. Even if it comes from the PGM family.

If one of the OEM American automobile manufacturers, by the way, should go bankrupt and cease production then that company’s inventory and lack of future need for PGMs could knock the bottom out of the market immediately. Be very careful from now on, because some of New York’s finest financial-advisors are telling their clients that the American OEM automotive industry is more than likely to go bankrupt before 2012.

thod00
11-24-2008, 05:48 PM
http://www.platts.com/Metals/News/6020952.xml
Rhodium has suffered the largest setback of all the precious metals --
and perhaps base metals as well -- since the go-go rally earlier this year.
Basis the Johnson Matthey's base price, rhodium has plunged to $1,450/oz --
down from the year's high of more than $10,000/oz just eight moths ago.
.....


I just looked up physical rhodium wire and you can get it from scientific materials suppliers. The price they want is super high though. You seem to be able to get most chemical elements from these suppliers. They didn't have any plutonium listed though, duh.

Goldisgood
11-24-2008, 05:49 PM
no kidding.

I might have to buy an kitco pool ounce one day and just forget I have it....like throwing money at the casino.

...and who knows...maybe one day it will be back to $10,000 an ounce.

This might not be a bad idea. AN oz or two and just forget about it.

Lexus21
11-24-2008, 07:37 PM
how do you buy this metal? Wasn't the price just at $4,000 to $5,000?

Can some one give direct instructions?

There is no coins made out of this stuff right?

MorganC
11-24-2008, 09:43 PM
If it falls below 200$ I am selling my house and going all in and I don't even know what rhodium is.

HAHAHAHAH! This is the BEST response I've ever read on this forum!

MorganC
11-24-2008, 09:49 PM
Also forgot to mention: the kitco pool for rhodium is a $400 difference between BUY & SELL - that is a ridiculous spread - I mean why is the bid and ask so different? It made sense when it was 10,000 an ounce but to have a spread of 400 right now seems crazy.

Also - Id like to know how one goes about purchasing rhodium other than in the POOL..... and also the pool you are suppose to be able to cash in for physical so how would they handle that?

DiiN7
11-24-2008, 09:51 PM
If it falls below 200$ I am selling my house and going all in and I don't even know what rhodium is.


ROFL this made me laugh for a while made my night..

hugo_danner
12-21-2008, 06:49 PM
Also forgot to mention: the kitco pool for rhodium is a $400 difference between BUY & SELL - that is a ridiculous spread - I mean why is the bid and ask so different? It made sense when it was 10,000 an ounce but to have a spread of 400 right now seems crazy.

Also - Id like to know how one goes about purchasing rhodium other than in the POOL..... and also the pool you are suppose to be able to cash in for physical so how would they handle that?


Kind of reflects the extreme volatility of the rhodium market. Remember, it's a very small market, only about 25 tons are mined a year. Very strange market unless you are a pro.