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 Replies: 43 / Views: 2,868 |
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Rest in Peace
United States
9104 Posts |
As others have pointed out, if you don't have it in your hot little mitts, it ain't yours.
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Pillar of the Community
United States
4008 Posts |
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.
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Valued Member
United States
302 Posts |
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?
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Valued Member
United States
362 Posts |
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
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Rest in Peace
United States
9104 Posts |
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. |
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Pillar of the Community
United States
3294 Posts |
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.
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Rest in Peace
United States
9104 Posts |
It dropped to regain its normal price when Russia started producing again.
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Pillar of the Community
United States
4008 Posts |
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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. |
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Rest in Peace
United States
9104 Posts |
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.
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Pillar of the Community
Australia
7096 Posts |
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 |
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Pillar of the Community
United States
4008 Posts |
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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?  |
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Rest in Peace
United States
9104 Posts |
Yeah, and in this case you have to worry about two countries' presidents.
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Pillar of the Community
United States
4008 Posts |
Quote:
Yeah, and in this case you have to worry about two countries' presidents. Hmmm, yeah, I guess that there is that. :-/ |
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Replies: 43 / Views: 2,868 |
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Posted 09/26/2011 9:38 pm
