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Nickelless
Administrator
USA
5580 Posts |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 08/07/2009 : 21:35:29
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| I know that the only really "reliable" way to invest in it is kitco pool accounts...and that it is highly based on the auto industry. It's pretty much like going to the casino; who knows what would happen. Investing in a few ounces wouldn't hurt that bad though if it went to even 5k, or higher if the auto industry rebounds. |
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Nickelless
Administrator
USA
5580 Posts |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/07/2009 : 21:51:15
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| everyone who owns a car is a rhodium investor. =D |
Trolling is an art. |
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Nickelless
Administrator
USA
5580 Posts |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 08/07/2009 : 22:20:29
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| Yes, for the most part. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 08/08/2009 : 07:51:15
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Rhodium's main use is in catalytic converters and as a plating over jewelery.... 2 industries that have been pretty crappy for a long time...
Personally I believe the price spike in Rhodium was caused by the auto industry stocking up on the metal... I dont believe we will see 10k again in for a long long time. |
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biglouddrunk
Penny Pincher Member
138 Posts |
Posted - 08/09/2009 : 16:17:53
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| Catalyst metal like Rhodium are very expensive and a very high risk/reward proposition. The tend to be that way because they are limited to one industry and often only a few companies. To put it in another way the price of such metals are controlled by only a few people. Check out the charts of Iridium and Rhenium. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/09/2009 : 17:18:45
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| No wonder the gov't has a cash for clunker program LOL |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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n/a
deleted
478 Posts |
Posted - 08/09/2009 : 18:37:51
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You may want to consider a few of the 1 gram coins. I can't see these things being made much longer and the wait time is very long from the maker. "Melt value" is all you'll hear about on this forum from the coin dealers. As if they have a ready source of Rhodium coins available at "melt price".
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 08/10/2009 : 04:11:55
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| trouble with the metals used in pollution control is that they are somewhat interchangable. So when one goes up too much, the automakers switch to another metal. This drives the prices up and down like crazy. If you like the thrill, take the ride. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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n/a
deleted
478 Posts |
 Posted - 08/10/2009 : 20:01:20
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quote:
Originally posted by jadedragon
trouble with the metals used in pollution control is that they are somewhat interchangable. So when one goes up too much, the automakers switch to another metal. This drives the prices up and down like crazy. If you like the thrill, take the ride.
Once again, I'm not saying to put THOUSANDS OF DOLLARS into 1 Gram Rhodium coins. All I'm saying is that these are very UNIQUE bullion products. They could possibly be worth much more than the "MELT VALUE" all the coin dealers on this forum seem to be so concerned about. The coin dealers on this forum are only concerned about "melt value" and they loath the online auctions. The online auctions will tell you the REAL WORLD value of the item you are trying to sell. Trust me. Watch the AUCTIONS and ignore the melt value guys here. Nothing personal but the guys on this forum are a "frugal bunch" or so I've been told. Take care., |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/10/2009 : 20:28:57
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| I'd buy one, but I've acquired a sudden fetish for Kookaburra's =/ |
Trolling is an art. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 08/10/2009 : 20:46:33
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| I was told the rhodium spike had something to do with a mine in south africa loosing power. I'm not sure of the source, but it would make sense if that was one of the only supply mines and all the sudden they werent supplying. |
"99% of all lawyers give the rest of them a bad name" 
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Anyone know much about rhodium?
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