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Bullion Question

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Pennypusher's Avatar
United States
486 Posts
 Posted 07/17/2008  12:14 pm  Show Profile   Bookmark this reply Add Pennypusher to your friends list Get a Link to this Reply
The reason it is so hard to find Rhodium for sale is because its demand is well exceeding the supply. Just because it has a price tag of $9,500 doesn't mean it will be easy to get at that price.

Think of how easy it is to buy 10 ounces of gold on ebay a coinshop kitco or wherever. When looking for an ounce of pure rhodium for about the same price as 10 ounces of gold you will have a very tough time finding it especially for near spot price.
There is plenty of gold to go around but when it comes to Rhodium the same cannot be said. -PP
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Kabiye_Lady's Avatar
United States
581 Posts
 Posted 07/20/2008  08:43 am  Show Profile   Bookmark this reply Add Kabiye_Lady to your friends list Get a Link to this Reply
Based on what you have said, I would definitely stay away from it. If you can't buy it at the "market" price, then you make it sound like a collectable. I don't care if it's $9500 or a million dollars, if that is the market price then you should be able to buy/sell around that. If you can't, you had better be on the "inside" or have your buyer/seller be on the inside.

Bring on the 10 foot barge poles!
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Sap's Avatar
Australia
16831 Posts
 Posted 07/20/2008  10:09 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
Pennypusher asked:
Also, are ther any ancient coins made out of Rhodium?

As has already been answered, no. Rhodium was only discovered in recent times, and no known ancient coins were "accidentally" made with anything more than minute trace amounts of rhodium.

I don't think anybody's made rhodium coins yet.

Quote:
Peter THOMAS said:
If I recall correctly, there was a thread about a month ago about privately-minted "coins" composed of the various metallic elements.

Yep. This was the site in question. They sell just about any element you care to name, and many of them in "coin" form. With it's high price, rhodium isn't one of the ones they currently coin, or have plans to do so, but if you feel the need to hold a piece of the most valuable bullion metal in the world, they will sell you 1 gram pellets (6mm diameter, ball bearing sized) of 99.9% pure rhodium at market rates.

Personally, I think investors should steer clear from such "utilitarian" precious metals. Investors merely drive the price up, and their holdings deprive the world of pieces of metal that could otherwise be put to productive use. Secondly, the market is highly speculative. Scientists may develop new, cheaper substitutes for rhodium in the various applications where it's necessary, and geologists may find rich new sources of the metal - both of which could cause the price to collapse.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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