Many asked how and now is your chance for rhodium

Discussion in 'Bullion Investing' started by Spider, Jul 14, 2010.

  1. Spider

    Spider ~

    I ran across this today while I had some free time at work. I like the idea of it but am not sure who else besides kitco would be willing to purchase it back from you.

    http://www.kitco.com/RHODIUM/
     
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  3. Fifty

    Fifty Master Roll Searcher

    You're right, the question is liquidity. When Apmex sells Rhodium call me.
     
  4. Riley0143

    Riley0143 New Member

    I bought some Rhodium from the Cohen Mint, still nervous to see if theyre a scam or not.
     
  5. Team Maf

    Team Maf New Member

    Place is a literal shot in the dark, it seems at first.

    They do not have product on hand, so when you pay, dont expect to get anything literally for a minimum of 8 weeks. CONTACT NUMBERS AND EMAILS both are never answered. I left 3 voicemails and sent MANY emails with no response. My cashiers check of course was cashed promptly. No response about items being shipped or anything. My 2 rhodium coins just showed up one day.

    After that ordeal i said F that place. Although they recently updated their page and added new products. I would try to get ahold of the guy for questioning. It literally seems like it is some guy running the "cohen mint" out of his apt bedroom.
     
  6. Info Sponge

    Info Sponge Junior Member

    You can get more of an idea of liquidity by checking eBay for closed sales of rhodium coins. Apparently there is a resale market, but not a fast or deep one.
     
  7. panda

    panda Junior Member

    i don't know much about rhodium. i don't think i will dabble in this stuff at all, at least not without a ton of research.

    i seen a 1 gram coin for $200, is that a decent price? i want a coin just to say i have some rhodium....:cool:
     
  8. Team Maf

    Team Maf New Member

    Thats scalpers on ebay whilst the coin bares at $120ish or less now from Cohen mint(assuming its cohen mint coins on ebay). I remember I purchased 2 coins and turn around and profited $100 on them on ebay, just because nobody really knew how to obtain rhodium and not many mints were making them in Coin form.
     
  9. Spider

    Spider ~

    Well the only plus I read was that kitco will buy it back from you at bid or 95% (depending on your storage methods). Rhodium is hovering around 2550 right now. I believe its more recent average to be around 1800 so as for now, I will pass.
     
  10. Info Sponge

    Info Sponge Junior Member

  11. Team Maf

    Team Maf New Member

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