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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 10/30/2008 : 08:42:52
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Just for fun I was looking at Rhodium prices. That stuff went from $200 an ounce in 1997 to close to $10,000 an ounce in 2008 then down to its current $1,450 in three short months.
Peak to bottom, that is like getting 42.5% compounded annually for 11 years. Or a put another way, a 20k investment would have turned into 1 million in 11 years.
Talk about bubbles....
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rodzm
Penny Pincher Member
USA
143 Posts |
Posted - 10/30/2008 : 11:27:17
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quote:
Originally posted by horgad
Talk about bubbles....
...that popped big time |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 10/30/2008 : 11:30:40
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| It's down to $1,450? Well back up da bike and load up! |
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Think positive. |
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rodzm
Penny Pincher Member
USA
143 Posts |
Posted - 10/30/2008 : 11:36:30
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quote:
Originally posted by Ardent Listener
It's down to $1,450? Well back up da bike and load up!
Where can you buy Rhodium??? In rounds or bar form |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 10/30/2008 : 11:38:26
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quote:
Originally posted by rodzm
quote:
Originally posted by Ardent Listener
It's down to $1,450? Well back up da bike and load up!
Where can you buy Rhodium??? In rounds or bar form
Rhodium?, I no know. Silver been very, very good to me. Another good question is where can you sell? |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Rhodium
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