Jump to content
House Price Crash Forum

Recommended Posts

What dose the 10 year chart look like why I ask is, was there not a lot of talk about some Italian scientist discovering a way to create cold fusion using rhodium around the time of the high point on that chart

Edited by long time lurking

Share this post


Link to post
Share on other sites

rh1825lns.gif

It is ridiculously cheap and according to many deeply underrated.

I know it's a massive gamble, but I am seriously tempted to throw some of my savings into it.

Baird sell one ounce for 918.75+ vat:

http://www.goldline.co.uk/rhodium-bars.page

i asked similar questions a few years back: http://www.housepricecrash.co.uk/forum/index.php?showtopic=96463

i now have bought some baird bars last year

rhodium is a gamble pure and simple, but at these lows, its a gamble i'm prepared to take

i bought palladium in 2009 and it has outperformed both gold and silver

Share this post


Link to post
Share on other sites

I wonder who would buy back a Rhodium bar once you want to sell it. Probably another collector. Or a jeweller.

You can sell it back to bairds, ex vat tho!

Share this post


Link to post
Share on other sites

Not sure if anyone visits this part of the site anymore but I thought this thread was worth resurrecting considering the recent price rise in Rhodium.

I bought some last year, simply because the price was very low. Since then it has almost doubled in price and has really shot up over the last month.

Has anyone here any idea why this is now happening? Dare I dream of the $10,000/oz of mid 2008?

rhochart.png

Share this post


Link to post
Share on other sites

I note that Rhodium is now worth over 2000 usd per ounce and still rising as per Baird & Co website. Might be worth a punt... I see that Palladium is ridiculously high relative to Platinum and Gold. Anyone got any knowledge explaining these price moves?

Share this post


Link to post
Share on other sites

"South Africa is the major source, accounting for almost 60% of the world's rhodium supply"

Well that explains the price increase, with SA going to pot

Share this post


Link to post
Share on other sites
On 04/08/2018 at 15:56, chronyx said:

Can't find anything like an ETF available on Hargreaves Lansdown so I guess they are banned and physical it is

Kitco does a Rhodium Pool Account.

Share this post


Link to post
Share on other sites

What I like about Rhodium is how rare it is. Around 25 tonnes a year is mined mostly from South Africa. It is around 100 times rarer than gold. Less than 800 thousand people could each buy a 1 ounce bar every year. That would be without any Rhodium being used in industrial or auto applications. It is only relatively recently Rhodium became available to purchase in bar / coin form.

The Johnson Matthey website has some good detailed Rhodium information in their free pgm market report for May 2018 on their website.

 

Share this post


Link to post
Share on other sites

Thought I would revisit this thread since Rhodium continues to rise steadily and I remain very enthusiastic about this metal, I believe it will continue to go up this year... there just isn't enough of it and price is being largely driven by new emission rules in China.

Mainstream investment media is starting to cotton on now (very slowly). Even with the VAT applicable to bars and coins it's still possible to make a return at this rate of price appreciation, and I wouldn't touch Kitco pool accounts (Kitco has a history of financial woes) nor ETFs / derivatives with a barge pole, as if you don't hold it you don't own it IMHO.

Can buy really small 1/10oz bars at Baird and Co now as well:

https://www.bairdmint.com/rhodium

They even have a Tuvalu coin with only 1000 mintage, the first of it's kind in the world... am very tempted but slightly skint after christmas. Baird buy back as well (dunno what percentage, have to ring them) and they usually sell well on ebay as I occasionally check there too, giving you an exit

 

Share this post


Link to post
Share on other sites

1 ounce of Rhodium at Baird's now almost £2450.00 without VAT. Was looking to buy a Tuvalu coin if it dropped back below 2K. 1 ounce Baird bar is slightly more expensive than the 1 ounce Tuvalu coin at present.

Media saying possible miner strikes in South Africa,  mine closures, electricity supply issues could impact both gold and platinum group mines.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.