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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

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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

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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!

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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

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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?

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Probably some new catalyst use. If it really can be used to create hydrocarbons from air in a solar furnace, it might suddenly be in huge demand.

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Now selling for $2400/oz on Bairds. I can't find any info explaining why this is. Maybe it's a speculative bubble.

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

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"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

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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.

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53 minutes ago, padjo said:

Kitco does a Rhodium Pool Account.

Thanks, I'll look into that

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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.

 

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