padjo Posted March 26, 2019 Report Share Posted March 26, 2019 Rhodium's price continues to rise and this could be the start of a bubble, especially with $600/oz increase this month. My reasoning behind this is... 1. Historical charts show there have been several spikes in the price since the 1970's. https://www.kitco.com/charts/historicalrhodium.html so maybe we're due another one. 2. Not many people are aware of Rhodium but thanks to the internet more eyes are on it now. 3. Also due to the internet it is much easier to invest in Rhodium than in the past. 4. I am massively biased and want the above to be true. Quote Link to post Share on other sites
Hecto Posted March 27, 2019 Report Share Posted March 27, 2019 It is only within the past few years that Rhodium has been able to be manufactured into assayed 99.9 pure bars / coins. Previously only available in a messy powder form. Most Rhodium comes from South Africa and Russia. It is getting problematic for miners in South Africa. Eskom provides 95% of SA electricity. Eskom is now pretty much controlled by the ANC and is failing to provide electricity. Huge recent power cuts and price increases. There is a SA financial website called moneyweb which has some good info on the SA situation. Quote Link to post Share on other sites
Hecto Posted June 13, 2019 Report Share Posted June 13, 2019 Baird's Rhodium 1 ounce bars approaching £3000 ex vat. Really moved upwards this week. Quote Link to post Share on other sites
padjo Posted August 30, 2019 Report Share Posted August 30, 2019 Now over £4000/oz and the price rises are accelerating. The current spike in the rhodium charts is mirroring the early stages of the previous spike 2004 - 2008. I have no idea how long this will continue and am trying to work out when to sell. If the price continues to shoot up towards the previous ATH I should sell before it beats the previous high as the crash will be swift. If some of the other PM's crash while Rh is still rising I would probably sell and buy them instead. Does anyone else have an exit strategy? Quote Link to post Share on other sites
Hecto Posted January 7, 2020 Report Share Posted January 7, 2020 Looked at Rhodium per 1 ounce bar price during the day and it was £4900 ex VAT, now about 5 hours later it is well over £5800 ex VAT ! Quote Link to post Share on other sites
padjo Posted January 8, 2020 Report Share Posted January 8, 2020 Wow it's really flying high now. It has to be affecting the price of the cars that use it in their catalytic converters - new and used. https://www.miningmx.com/opinion/metal-heads/39048-rhodium-in-fourth-major-price-surge-in-history-as-above-ground-stocks-diminish/ Quote Link to post Share on other sites
padjo Posted January 8, 2020 Report Share Posted January 8, 2020 21 hours ago, Hecto said: Looked at Rhodium per 1 ounce bar price during the day and it was £4900 ex VAT, now about 5 hours later it is well over £5800 ex VAT ! And now £6300! It looks like it could break it's previous records pretty soon. Quote Link to post Share on other sites
Hecto Posted January 17, 2020 Report Share Posted January 17, 2020 Fanfare for £7000 an ounce, Rhodium up over 900% since 2016. Quote Link to post Share on other sites
padjo Posted January 18, 2020 Report Share Posted January 18, 2020 I know there's high demand for rhodium and palladium in the car industry but these price jumps are crazy. There must be investors adding to this. Quote Link to post Share on other sites
padjo Posted February 27, 2020 Report Share Posted February 27, 2020 Rhodium's now over $11,000 and the line on the price chart is almost vertical. It's very hard to exit when these price jumps are going on, but I've seen how this story goes over on the bubbly bitcoin thread in the house price forum. Quote Link to post Share on other sites
padjo Posted February 29, 2020 Report Share Posted February 29, 2020 Well I've sold up, cheers Rhodium you've been very generous. If these corona virus inspired price drops continue I'll have a look at some other precious metals. Silver and Platinum are currently winning the race to the bottom but if Rhodium drops back down to 2016 prices I'm definitely back in. Quote Link to post Share on other sites
Hecto Posted March 4 Report Share Posted March 4 21 thousand £ a troy ounce. Rhodium is like the Bitcoin of precious metals. Quote Link to post Share on other sites
padjo Posted 9 hours ago Report Share Posted 9 hours ago It's still on the rise! When I sold mine last year it was £7.5k/oz and I was sure it would collapse during lockdown, so until it does I'll sit on the sidelines and watch the show. It might eventually crash if electric vehicles replace fossil fuel and hybrids, but until then it looks like Rh will continue to go up. Quote Link to post Share on other sites
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