Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Vancouvers #1 Coin and Paper Money Dealer Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics Royal Estate Auctions - $1 Coin AuctionsRoyal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. 300,000 items to help build your collection! Join Thousands of Coin, Bullion, & Money Collectors








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

I Have $1000 - Silver Or Plat?

To participate in the forum you must log in or register.
First Page Previous Page  Showing last 15 replies.
Author Previous TopicReplies: 43 / Views: 2,865Next Topic Page 3 of 3
Rest in Peace
United States
9104 Posts
 Posted 09/26/2011  7:06 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:
Well, no, I don't know of anywhere other than kitco that buys and sells Rhodium, but I haven't looked. It's so easy and reliable and appropriately priced why go anywhere else.


For most of us, they're in another country.

They're being investigated all over Canada for finagling the bagel.

You either buy paper Rhodium, or have huge penalties for wanting physicals.
Pillar of the Community
1028 Posts
 Posted 09/26/2011  7:14 pm  Show Profile   Bookmark this reply Add hesgut to your friends list
Really? that's interesting. I've only had good experiences with them. I have, however, never actually bought Rhodium specifically. The way the website describes the process of purchasing and what you actually get sounds fine to me. Unless they're lying.
Rest in Peace
United States
9104 Posts
 Posted 09/26/2011  9:38 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list
As others have pointed out, if you don't have it in your hot little mitts, it ain't yours.
Pillar of the Community
United States
4008 Posts
 Posted 09/26/2011  9:38 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list
Rhodium is definitely a curiosity metal. Back in the day when I ran an industrial R&D lab, we would buy Rh from time to time. Typically that was in 5 gm vials from Johnson Matthey or other similar suppliers. IIRC there were a few very specific reductions that could be done with Rh, typically with complex molecules that contained multiple possible reduction sites, not all of which we wanted reduced. It was quite specific about what it would or would not reduce under reasonably mild conditions. We never did develop a suitable industrial process that would justify its high cost, so tended to use Raney nickel as our 1st choice or Pt/C or Pd/C as higher cost alternatives.
Valued Member
United States
302 Posts
 Posted 09/26/2011  10:08 pm  Show Profile   Bookmark this reply Add mmerlinn to your friends list
The problem I have with Rhodium is that the market is too thin. Sure, Kitco is a market maker, but what if they are no longer in business when I want to sell? Then what?
Valued Member
United States
362 Posts
 Posted 09/26/2011  10:55 pm  Show Profile   Bookmark this reply Add ICanSeeYou7687 to your friends list
I think platinum might be a little more stable... but silver has a much higher opportunity for profit.

I always tell myself I'm here to help stabilize my investments... but Whenever I buy silver I find myself think of the possibilities of a profit when silver skyrockets :P
Rest in Peace
United States
9104 Posts
 Posted 09/27/2011  03:18 am  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:

The problem I have with Rhodium is that the market is too thin. Sure, Kitco is a market maker, but what if they are no longer in business when I want to sell? Then what?


Then you've got some pill bottles of strange metal stored in a warehouse in another country.

We used to get sterling necklaces that were rhodium plated to prevent tarnish.
Pillar of the Community
United States
3294 Posts
 Posted 09/27/2011  10:04 am  Show Profile   Bookmark this reply Add nod2003 to your friends list
I would be very cautious of Rhodium. I remember in 2008 or 2009 when it went from $10,000 an oz, to $1,000 an oz.
Rest in Peace
United States
9104 Posts
 Posted 09/27/2011  4:31 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list
It dropped to regain its normal price when Russia started producing again.
Pillar of the Community
United States
4008 Posts
 Posted 09/28/2011  9:48 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list

Quote:
Sure, Kitco is a market maker, but what if they are no longer in business when I want to sell? Then what?

That would be a valid question, especially considering their tax problems at the moment.
Rest in Peace
United States
9104 Posts
 Posted 09/29/2011  05:49 am  Show Profile   Bookmark this reply Add biggfredd to your friends list
One broker told his sons:

Always keep one thing in mind: Where can I turn this into something I can fold and spend?

His example is a known good check on a weekend. Isn't worth much if you plan to spend a bunch of cash.

Another example would be a check that could be bad for any reason. If you don't know the checkwriter, you might as well have an IOU.

Having a vial of thousands of dollars worth of precious metal in another country would be a third.
Pillar of the Community
Australia
7096 Posts
 Posted 09/29/2011  05:54 am  Show Profile   Bookmark this reply Add trout1105 to your friends list
Go for the silver lukkyseven.
A thousand bucks will get you close to kilo.
If you can get it in 1 or 5 oz slabs all the better
Pillar of the Community
United States
4008 Posts
 Posted 09/30/2011  12:58 am  Show Profile   Bookmark this reply Add Ed_B to your friends list

Quote:
Having a vial of thousands of dollars worth of precious metal in another country would be a third.

But wait, Fredd! Have you considered the possibility of Rh confiscation via presidential edict?
Rest in Peace
United States
9104 Posts
 Posted 09/30/2011  01:49 am  Show Profile   Bookmark this reply Add biggfredd to your friends list
Yeah, and in this case you have to worry about two countries' presidents.
Pillar of the Community
United States
4008 Posts
 Posted 09/30/2011  6:37 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list

Quote:
Yeah, and in this case you have to worry about two countries' presidents.

Hmmm, yeah, I guess that there is that. :-/
Page 3 of 3   Previous TopicReplies: 43 / Views: 2,865Next Topic Page 3 of 3
First Page Previous Page  Showing last 15 replies.
To participate in the forum you must log in or register.


    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.33 seconds to rattle this change. Forums