Rhodium At An All Time High In 11 Years

Imagine the shock of those still holding silver they bought at 34,35,36,37,38,39,40, etc,etc,etc

? Doesn't make sense to trade for something that continued to decline in "value", and never give one their value back, that makes zero sense, no pun intended

As of today the Golden Eagle Coin website states they would pay $5,000 for my 1-ounce rhodium bar (made by Baird & Co.). I'm tempted, considering I bought it from Golden Eagle for $982 in 2015.

Yep, and I'm from Mars!

Can anyone explain:

If banknotes represent debt,

then why is cash on the asset side of the balance sheet?

It's just swapping one asset for another. Just cash is more liquid than PM by default, unless you happen to trade silver bars with Jim Bob.

Golden Eagle buy price for 1-ounce rhodium is now at $7,850.

Rhodium was always a gamble. Being familiar with it, having bought and sold it, and knowing how it's history, I would be reluctant to buy it at today's prices. It dropped like a stone before and lost like 90% of its value in just 1 day, so I sold mine when it was $5,000 an oz., having bought it at $1,000 an oz. I figured 1 bird in the hand was worth 2 in the bush. Or I got cold feet. Or both.

Obviously I could have done better. But that is life.

Personally, I think that platinum is way undervalued and would not touch rhodium with a long stick today. Too many folks bought it on it's rise to 10K before, at today's prices or more and got stuck holding the bag when it dropped like a rock and did not have a chance to unload it.

I guess you just take your chances.

Rhodium.................. a gamble
Silver, gold, platinum... an insurance, with a potential of being an investment.

My original plan was to sell at $8,000 but when it got up to $5,000 I choked! Still, I made a little money, but boy do I wish I had held onto it. then again, it took years for this climb to happen and I could easily gave up waiting and sold it years ago when it was stuck around $1,000 for years and years. Boy, I would really been teed off if that had happened.

oh well, you take your chances. I knew it was dangerous stuff but I figured making some money was better than making none. now I got that pesky capital gains tax thing to worry about.

the way I see it, if we were all stuck of the "would ofs, should ofs, could ofs, might ofs and such, a lot of us would be so miserable. I am a big believer in the "butterfly effect"... even the smallest thing can have a huge affect later.

I am a vet and I feel sorry for all the young people who never got to live their lives while in the service. I do not regret it myself, being everything from E-1 to E-3 navy enlisted to 0-3 as an Army Captain. But I do feel for the young people who are good inside and yet life often hands them a bowl of sh*t.

but that's life, that's what all the people say... (forgot the rest).

got a 5 oz. gold isle of man angel coin with my name on it, just gotta buy it. I collect the angels so anyways... its either that or head to the casino 4 miles from me and blow it all. boy I would really be bummed. my dad was a compulsive gambler and basically died pennyless despite 2 pensions.

well, like Huston said in "The Treasure of Sierra Madre".... "never met a miner who died rich" or something like that. Personally, I have won and lost fortunes, mostly lost. Life has a way of making things even. well, enough of the philosophy... mike

mike