Rhodium

Discussion in 'Bullion Investing' started by Dimesareweird, Nov 11, 2017.

  1. Dimesareweird

    Dimesareweird New Member

    Im curious about investing in physical rhodium. Anyone here with experience in this? Is there a bullion that can be readily sold? Not really asking if its a good investment but asking about a recognized rhodium bullion that can be sold without going through a refining process
     
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  3. Adam34falcon

    Adam34falcon Active Member

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  4. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    Dont look now but Rhodium is on the move Up !! have been watching this
    For the past several months and it has gone up substantially current price
    is $1,320 and is out pacing GOLD !! however the same problem that plagues
    Palladium also effects Rhodium there can be massive movement one way or another
    $30 to $40 swings, so maybe not as steady and consistent as GOLD still looks
    Good to me always good to stay diverse :)
     
  5. Dimesareweird

    Dimesareweird New Member

    Thanks for the info Adam and yes mpcusa I also believe its a good idea to stay diverse. You never really know when or where that next spike is going to be!
     
    Last edited: Nov 13, 2017
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  6. asheland

    asheland The Silver Lion

    I want an example of Rhodium, too. PAMP and Baird bars are what I would consider.
     
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  7. amdibn

    amdibn New Member

    Hello I’m new to this site, I am trying to find the best place to sell rhodium. I have 5–1 ounce Baird & Co bars. I was wondering if anyone could point me in the right direction, everyone I have tried, I cannot get a return call from. Thank you
     
  8. amdibn

    amdibn New Member

     
  9. amdibn

    amdibn New Member

    2FF2211D-B826-4D1C-80D6-8F6328946059.jpeg I’m looking to sell some Rhodium if interested
     
    asheland likes this.
  10. Adam34falcon

    Adam34falcon Active Member

  11. totally

    totally Active Member

    Forgive my naivety, but why should Rhodium be bullion? Where does it get it's intrinsic value?
     
  12. Aquahollic

    Aquahollic ֍ E Pluribus Unum ֎

    From suckers that have a hole in their pocket.
     
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    Rhodium is kicking major butt right now !! not sure if i had some would sale it
    it,s gone from $850 per OZ to its current close at $1,775 per OZ in under a year
    now that,s performance !! the major use for Rhodium is in conjunction with Platinum
    for catalytic converters, this medal is far rarer then Gold, to my knowledge there are
    only 4 mines in the world that produce it.
     
  14. gxseries

    gxseries Coin Collector

    I'm pretty sure there are more than 4 mines that produce rhodium.

    https://www.thebalance.com/the-10-biggest-rhodium-producers-2014-2339737
     
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    That would be major producers, and still the quantities are very light in comparison
    to other PM,S , demand far out weighs supplies that's why the price has risen so
    Rapidly in only a year !
    Not sure I am reading this right but this article is four years old...LOL
     
  16. gxseries

    gxseries Coin Collector

    The article is updated this year.

    The question that I have is how much is real demand and how much is speculation. If you remember the time when palladium prices went out of control - Ford had to write off more than 1 billion dollars in bad betting. Would you be the gambler? Hunt brothers and silver?

    As far as I'm concerned, how much how rare a certain element is in particular industrial metals - if the prices go rocket high, engineers will always come up with alternatives to use something cheaper.

    Remember the times when people would cut and steal copper wires? Replaced with copper plated aluminum wires.

    Silver in photography? It's mostly digital these days...

    Yes you can start your lecture on the amount of precious metals that are being used in catalyst exhausts. But are they really required on electric cars or hydrogen fuel cars???

    http://money.cnn.com/2017/09/11/autos/countries-banning-diesel-gas-cars/index.html

    I would like to revisit this thread four years later and see how true it is.
     
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    There will always be the need, do you really think big oil will let the gas engine
    go extinct..LOL, i think not, as they would put themselves out of business, true
    There are a few electric cars out there but they represent a small minority and
    Hybrids Gas/Electric still run a regular style motor so still going to need that
    Cat, which means they need those PM.S to produce it.
     
  18. gxseries

    gxseries Coin Collector

    In 2008 - good 10 years ago when oil prices were heading north towards US$150 / barrel, investors were hedging their bets, believing that it will head towards 200 as fears of lack of supply caused supply to spike up. One of my friends who worked in an investment firm believed this was going to happen arguing that people will still fork out more to drive as there was no viable alternative. Did not return back to the industry and kept his head very low after copping a nasty loss.

    In any financial analysis, it is always imperative to look at not just the current supply and demand but any likely disruptive technology that may affect future price. If you were a greeting card manufacturer, what has email done? If you were a cellphone manufacturer, what has smartphone done? Remember Kodak, Nokia, Blackberry? They were supposedly untouchable at one stage.

    In the short term, it is unlikely rhodium prices fall due to high operational costs. But at the same time, it is more than unlikely for it to reach it's peak of US$10,000 / ounce. I do not see cars disappearing overnight. People want to live comfortable lives but not at a premium. If installing a catalyst convert add another 100 dollars to a new car because of the rise of PGM prices - engineers will find solutions to drop prices. This is the brutal nature of a competitive environment. And I hold pride as an engineer.

    We will revisit this thread four years later - mark my words.
     
  19. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    The $10,000 price point was total manipulation, so that really wasent a legitimate
    Price from the get go but as we have seen with all PM,S manipulation is part of the game.
     
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