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  #11  
Old 03-16-2009, 10:59 AM
NathanTurner NathanTurner is offline
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I've been interested in investing in rhodium ever since I took a look at its chart a year or two ago and saw the dramatic price increases. How exactly would one go about investing in rhodium? Are they actually starting to produce bars and coins, or are you simply stacking bags of powder?
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  #12  
Old 03-16-2009, 11:17 AM
Lexus21 Lexus21 is offline
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Originally Posted by NathanTurner View Post
I've been interested in investing in rhodium ever since I took a look at its chart a year or two ago and saw the dramatic price increases. How exactly would one go about investing in rhodium? Are they actually starting to produce bars and coins, or are you simply stacking bags of powder?
Seems most here buy into a KITCO pool that holds the metal there. So you get no physical metal to hold. Some here seem to trust it and others do not like not holding on to the metal
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  #13  
Old 03-17-2009, 12:20 PM
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chrisiden chrisiden is offline
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Arrow UP today Big :+)

looks like big sister Rhodium jumped up almost 18% in a day!
maybe this can be some good news for Platinum/Palladium since they are used in automotive

(the link below from JM only thinks 5% gain for the year... could they be wrong?

http://metalsplace.com/news/articles...ly-up-about-5/
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Last edited by chrisiden : 03-17-2009 at 12:31 PM.
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  #14  
Old 03-17-2009, 01:09 PM
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Default Jumps can be deceiving

Quote:
Originally Posted by chrisiden View Post
looks like big sister Rhodium jumped up almost 18% in a day!
maybe this can be some good news for Platinum/Palladium since they are used in automotive

(the link below from JM only thinks 5% gain for the year... could they be wrong?

http://metalsplace.com/news/articles...ly-up-about-5/
Sometimes the jumps can be deceiving because you don't see when it has gone down before the jump. Sometimes it never moves and then opens lower the next day and has a little jump back to where it was before- making it hard to follow. I'd swear that sometimes it moves and then they reset the + or - %. Most of the time, when I look, the pool price that you pay has been around $1380. i think it's actually a little lower today so it must have gone down over night or at some fleeting moment before they posted the jump. Mysterious.
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  #15  
Old 03-17-2009, 01:18 PM
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Grossomotto Grossomotto is offline
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Flushing $10,000 down the toilet would be a start.

Quote:
How exactly would one go about investing in rhodium?
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  #16  
Old 03-17-2009, 01:58 PM
NathanTurner NathanTurner is offline
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Flushing $10,000 down the toilet would be a start.
If you invested when it was $10,000, then yes. Investing now at $1300 or so with the knowledge of where it has been and where it may go once the industries of the world are running at full steam would be a pretty good idea, in my opinion.
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  #17  
Old 03-17-2009, 02:08 PM
Solomon Brainiac Solomon Brainiac is offline
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It's at a low and has been static for a few months. While the automotive economy is in decline and mining cutting back you can understand why.

But if the demand for catalyst material increases again there will be no Rhodium around.

Prices could soar over the next few years. Or if the automotive industry find new ways to make Catalysts without PT and RHO then we could all be in trouble.

So is Rhodium worth heavily investing in? I have 3oz's already but I am thinking of getting another 7oz's.

Could we see Rhodium go over $10k over the next 5 years?
Rhodium may eventually get back to 5000 or more in the next five to seven years. Just depends on if the industrial market bounces back super strong. If not, it will fall even further. Everything is a risk but if I could find the physical without a large premium, I wouldn't mind having a few ounces myself.
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  #18  
Old 03-19-2009, 10:02 AM
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Exclamation Rhodium price

Kitco's sell price is $1185 right now- lowest I've seen in a while, though it's possible I might have missed some momentary change in the past.
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  #19  
Old 03-19-2009, 10:31 AM
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Default Jumped

Kitco sell price at $1338 now.
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  #20  
Old 03-19-2009, 12:37 PM
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chrisiden chrisiden is offline
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Arrow up as we post...

another $47!
what does this tell you all now?
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