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Rhodium At An All Time High In 11 Years

 
 
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Valued Member
United States
308 Posts
 Posted 03/16/2019  6:02 pm Show Profile   Bookmark this topic Add 4504 to your friends list Get a Link to this Message
*** Moved by Staff to a more appropriate forum. ***

I am convinced that Martians control this metal. Checking Kitco, it is now at $3,000 spot per ounce... with a rise of $600 in just the last month. At one time it was $10,000 an ounce and the price dropped like a rock faster than you could call to sell it, if you had any, to about $1,000 and even less later. It was like the wall street crash but on a much much smaller scale, except for the people who bought it.

I feel for the people that bought it on the way to it's highest price of 10k per ounce, say at $4-10k an ounce. Imagine their shock to get up in the am, log on and discover that their rhodium dropped by 90% (and by more later) basically overnight. It is weird, unpredictable stuff... mike

https://www.kitco.com/charts/rhodium.html

btw, the 10k price was like in the 90's or something, you would have to check the VERY long ago price chart to see it.



Valued Member
United States
321 Posts
 Posted 03/27/2019  11:05 am  Show Profile   Bookmark this reply Add Henry M Smith to your friends list Get a Link to this Reply
I have not encountered coins of rhodium, but have seen many plated coins. Unfortunately, this is often not done by a government mint, it is added later by a company. I do not believe many collect coins that were altered, and I have not bought any.
Pillar of the Community
Canada
3682 Posts
 Posted 10/22/2019  08:59 am  Show Profile   Check Libertad's eCrater Listings Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
The only rhodium I've ever handled was in a black powder form for melting with platinum and in liquid form for plating nickel-white gold. I find it funny that people would want physical rhodium - to do what with it?

Rhodium is a very specialized industrial metal with few applications, but it's a rare metal. How would one stack it: in the yellow liquid that has cyanide in it, or in a black-grey powder that looks like soot? Your bullion would be in the wrong form for the people who need it. Rhodium has to be processed first by the companies who make products with it - these are your ready-made products like rhodium plating solution, or from refiners that give it to you as a raw powder ready to be melted. Those companies in that supply chain take their cuts.

Stick to gold and platinum? Why do I say that? Because in the bar form those metals are readily usable and recognizable as investment metals. (Silver, too, by the way.) Rhodium doesn't show up on the tickers on the news, but gold always does. Put rhodium and some random metal beside it and the common person could not tell you which is which.

The more removed from manufacturing a region/people get/s, the easier it becomes to debase their currency. (Working theory... :D)
Edited by Libertad
10/22/2019 09:40 am
New Member
37 Posts
 Posted 10/22/2019  1:47 pm  Show Profile   Bookmark this reply Add Kotsr to your friends list Get a Link to this Reply
Imagine the shock of those still holding silver they bought at 34,35,36,37,38,39,40, etc,etc,etc
Pillar of the Community
United States
3802 Posts
 Posted 10/23/2019  06:29 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
Imagine the shock of those still holding silver they bought at 34,35,36,37,38,39,40, etc,etc,etc
No shock here. Maybe a slight bit of remorse, but doesn't matter as I have no intention of selling. That's not why I've collected PM's. It's about trading away as many debt notes as possible, for an item of value.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
New Member
37 Posts
 Posted 10/25/2019  09:36 am  Show Profile   Bookmark this reply Add Kotsr to your friends list Get a Link to this Reply
? 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
Pillar of the Community
United States
3802 Posts
 Posted 10/25/2019  6:05 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
? 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
Sounds like you're talking about the dollar!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Pillar of the Community
United States
5106 Posts
 Posted 10/28/2019  6:55 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
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.
New Member
37 Posts
 Posted 10/29/2019  2:22 pm  Show Profile   Bookmark this reply Add Kotsr to your friends list Get a Link to this Reply

Quote:
Sounds like you're talking about the dollar


Lol, I see you've been brainwashed
Pillar of the Community
United States
3802 Posts
 Posted 10/29/2019  6:01 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
Lol, I see you've been brainwashed
Yep, and I'm from Mars!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Valued Member
United States
171 Posts
 Posted 11/02/2019  6:34 pm  Show Profile   Bookmark this reply Add Captain Jack to your friends list Get a Link to this Reply
Dude, sell the rhodium bar, good gravy man!
Pillar of the Community
Canada
3682 Posts
 Posted 11/03/2019  8:09 pm  Show Profile   Check Libertad's eCrater Listings Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
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.
New Member
37 Posts
 Posted 11/04/2019  8:53 pm  Show Profile   Bookmark this reply Add Kotsr to your friends list Get a Link to this Reply
Cause it's legal tender
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