Rhodium is $̶1̶0̶0̶0̶0̶ ̶$̶2̶5̶0̶0̶ ̶$̶1̶0̶0̶0̶0̶ ̶$̶2̶0̶0̶0̶0̶ $4500 an Oz - Buy, Sell, or Hold?
LukeMarshall
Posts: 1,981 ✭✭✭✭✭
Rhodium Bid is @ $10,000 as I speak tied for All Time High some 12 years ago (coincidentally with a 12% premium on ask)
Following the lead of a similar thread..
If you own some of this precious metal, are you thinking about Selling? Do you feel this metal still has room to grow and are looking to Buy? Are you Holding your position, or lack thereof?
Let's talk about 
Update 3-2-2021
Rhodium is Trading today at a Bid of $25,000 ask of 27k - thoughts on the future of this metal?
Update chart for 2-25-2022
Rhodium Knocking on 20K at the moment...
March 2024 RH=$4500
It's all about what the people want...
2
Comments
I wish I had some, I'd SELL
My YouTube Channel
If I had some, most likely would have sold it by now.
Does any country or refiner make rhodium coins, small bars/rounds, or is it strictly a paper investment?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Baird & Co. make bars in various sizes, 1/10th, 1/2, 1oz and 5 maybe bigger. Pamp Suisse has a fortuna bar and there are others.
Tuvalu has the "first legal tender" Rhodium coin the 2018 dragon - mintage of 1000
The Cohen mint did coins and bars for a short time in 08'/09' but went under...
It's all about what the people want...
Metallium Inc. does an element series and you can get a Rhodium coin in 1/10th oz or their 'standard thickness' which weights 5.3g
It's all about what the people want...
Yike! I don't think I would get near the Uranium coin of this serie.
I don't think these Rhodium coins are very liquid. I can just imagine trying to sell a 1 oz Rhodium coin at the local coin shop. I'll stick with gold and silver.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
if I load up on rhodium now does it need to go up another 10,000 for me to break even?
nah. the spread would just double.
You got to know when to fold and when to hold....from a Kenny Rogers song (perhaps not in verbatim).
In terms of whether it is the right time to sell them, it depends on how much you bought them for. If you hung on to them for 5 years or more, it is not wrong to sell them, but just make sure to reinvest some of it in something else that is up and coming.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
I may be mistaken (often a problem I have encountered), but Rhodium, wasn't this at one time a plating for junk jewelry? Seems I remember that many years ago. What application does it now have that is driving the value so high?? Cheers, RickO
Yes it used to plate silver jewelry to stop it from tarnishing
Collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
Why not? I have a piece of Uranium that weighs 10 oz.
Why does everyone wait for the price of something to balloon up before buying? Oh ya, I forgot - Buy High, Sell Low.
This is the plating for 'white gold' as well. I recall a jeweler saying a white gold ring will start to turn yellow and need to be re-rhodium dipped... Probably an electroplate term
It's all about what the people want...
Hello all! This is my first post. I did buy some rhodium bars in the 2016-2017 timeframe, despite a relatively large spread. 80% or more of the stuff ends up in catalytic converters. Neither Pt or Pd can replace it for removing nitrogen oxides in exhauast. Chinese demand major reason why price is skyrocketing. That said, whether to buy, sell, or hold is anyone's guess. I have been selling a little at $2k, $3k, $5k, $7k, and $9k
Welcome to the forums.
My YouTube Channel
Car exhaust has been very, very good to some PM collectors and welcome!
Indeed,
@RobM Thanks for the response and welcome to the forum.
Nice job picking some Rhodium up before the run up. Sounds to me like you are slowly profit taking which is never a bad thing.... Congratulations!
It's all about what the people want...
Thanks for the warm welcome. PMs (all the ones in bullion form, except Pt so far) have been a success for me. I've had the reverse luck with stocks.
Wow...now at $11,100
Kitco lists $11,000 for yesterday 02/20/20
Infomine.com suggests $12,700 for today (typically, quite a bit higher than Kitco spot listing)
So instead of a true market, I am assuming these prices are coming from individual refiners?
If you have a 1 oz Baird bar and you want to sell it back, we aren't quite (~$9,900) to $10K yet. Beyond that psychological level I think a quite a few more bars will be heading back to the refiner. That might cause a brief retreat in Rh prices, but the more I think about it, prices will still likely go up, up, up.
Question: If Rh could eventually go as high as $20-30K in the next year or two, would you buy bullion or sponge now? I don't think I would, but the reason I ask is that if supply is in such deficit, what would prices back? Ultimately, it would be the addition to the price of new cars. No one seems to want to specify how much rhodium is a catalytic converter - estimates are usually 3-7 grams of total catalyst in most ICE vehicles. I am going to guess that there is actually less than half a gram of Rh on average so it is still less than $200/vehicle. So if there were $500 of Rh in a vehicle, would it still be affordable? Pt (in surplus) can ultimately replace Pd (in deficit) in converters but are there any incentive for miners to bring more Rh to market?
Ouch. Rhodium cut in half in a week. I didn't want to be greedy and sold (or traded for Au or Pt) 70% of what i had at various points between $2K-$10K, basis at just under $1.1K. Looks like world-recession is putting a damper on just about everything but cash.
In a full scale pandemic rhodium is not what i want to be sitting on
Currently @ kitco
Bid - $6000
Ask - $8000
It's all about what the people want...
What has been the buy/sell spread on the rhodium that you've owned?
It seems to me that it's usually well over 20%. What has been your experience? And how easy was it to liquidate?
And who did you buy from & sell to?
I knew it would happen.
At ~$1K the spread between buy and sell at the same dealer circa 2016 for a 1oz bar was around $200. I think that the ~20% spread back then was a deterrent to buying for many potential investors. I bought from only 2 places.... California Numismatics and Golden Eagle. As the Rh price went up the spread also went up - to around $1K. Since there is no futures market in Rh, there is no easy way for an individual investor to accurately value his/her bullion. At the very top I was seeing Kitco listing spot prices of $11.5k and some site named Infomine as high as $13.8k. I sold the most recent ounce to Golden Eagle for $10.0k at very close to the highs. At the time their sell price was right around $11.2k iirc. It is easy since they frequently will publish their buy price. I was satisfied with their offer because that is as high as eBay selling prices at the peak, and cost me zero commission or s&h costs (just gas and toll to drive to the store).
Sounds to me like a seller offloading all the risk to captive buyers such a deal!
Not everyone can fight a 20+% spread with wildly fluctuating premiums and win big. Nice call, RobM.
I knew it would happen.
Basically luck on my part. I knew use in catalysts was increasing but i didn't know the NOx reduction properties that Rh had over Pt, Pd. But the near term at least the auto industry is destroyed along with the value of Pt group metals. I will hold what i have left, but would not consider buying again until sub $2k. This stuff is purely speculative unless you need it in your day to day operations. I'm going to buy me some osmium next (just kidding).
every bar of rhodium you buy today comes with a free case of stockholm syndrome!!!
just pay separate postage and handling
FYI....things sure have changed since the OP's post. Latest info:
Rhodium..... $4,500.00***** -$1,500.00
Those that sold are the winners.
$3500 now!
My YouTube Channel
$3500 bid - $6000 ask. Down 42% today alone
Hmmm, with the trouble people are having aquiring the other PMs close to spot price, I wonder what one would have to pay to buy rhodium today?
$3500 ? $6000? More? Is it even available? Current premium to ask is 71%
It's all about what the people want...
I see baird 1/10 oz listed for $772 at GEC. I don't think any Rh bars have sold on eBay since 3/8, before the price started falling sharply. Cheapest listed price on eBay is a pamp 1oz for $8k. Maybe i should list a bar at $7k to see if there any buyers at that level.
One of my customers has 7 oz., just about 2 weeks ago, he mentioned about flying out to Washington state to sell them at 11k per oz, but for whatever reason didn't make it, he came by yesterday kicking himself for not making the trip!!!
Wow.
Rhodium down another $1000
Bid $2500 Ask $5000
100% premium on the spread
It's all about what the people want...
I bet new light vehicle sales in the US fall to ~10M over the next 12 months.
Rhodium: from $11500 to $2500 in only eight days!
If gold had fallen that fast and that far it would be trading around $350 now.
My Adolph A. Weinman signature
Kitco Rh spot at $2K, 3/23 1oz baird bar sold for $7600 on eBay!
i don't see 1oz rhodium bar/coin at any place with a name
That's because I have most of them.
https://goldsilver.be/en/platinum-pd-rhodium/1894-1-oz-rhodium-dragon-tuvalu-100.html
This was available yesterday, but is sold out now... Tuvalu 1oz Rhodium Dragon, sold for $8200
It's all about what the people want...
That is promising... $7.6k and $8.2 as recent selling points absent any other price evidence.
That's because I have most of them.
lol. You must have an iron constitution or a good understanding of the market.
I knew it would happen.
Or both.
I knew it would happen.
Or neither. I was just kidding. I don't have very much, but @$10k it didn't take a lot to make one feel a little richer. But as a small investor, it felt a little better knowing roughly what you could expect to retrieve when selling the stuff. With all this "pent up" demand, $20k by next year, lol.
And... Right back to $10K. Chinese ICE car sales increasing, EVs not so much. Tax incentives, stimulus, mfr rebates. Cheap oil prices for now. Would have been risky to acquire any Rh at the extreme spreads from earlier this year. I can't imagine buying at this price, though it would seem infinitely less risky than buying a bitcoin. Though I think $15K Rh is likely by end of year,
but can you sell it to someone?
Yes, easily. Usually right back to the dealer from where it was purchased. There are a few that routinely buy/sell Rh bars/coins. It helps to live not too far from such an establishment. These coin dealers are typically larger and well capitalized and have relationships with a Rh refiner. Could also easily sell on eBay (but get hammered with fees) or directly negotiate with refiner, in the same way you might with gold. I know that at the present moment I could get $10K an oz at a store about 40 min drive away. If they've published a buy price for an item on their website, that's the price they will pay you. I prefer not haggle. That said, the spread between their buy/sell price is currently 13%, so they are profiting nicely.