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Just be thankful you didn't buy Rhodium at 10K an oz a few months ago

UtahCoinUtahCoin Posts: 5,346 ✭✭✭✭✭
in Precious Metals
Currently at $1810 oz
I used to be somebody, now I'm just a coin collector.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.

Comments

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    lol! thats crazy!!!
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • BearBear Posts: 18,953 ✭✭✭
    For Rhodium to drop so severely, someone on this

    Forum must have bought some last month. OK, fess

    up, who is the despicable person?.image
    There once was a place called
    Camelotimage
  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>For Rhodium to drop so severely, someone on this

    Forum must have bought some last month. OK, fess

    up, who is the despicable person?.image >>



    check with Russimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>

    << <i>For Rhodium to drop so severely, someone on this

    Forum must have bought some last month. OK, fess

    up, who is the despicable person?.image >>



    check with Russimage >>



    He don't play over here.
  • OPAOPA Posts: 17,124 ✭✭✭✭✭
    Down another $200 so far this AM ...
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • ProofCollectionProofCollection Posts: 6,246 ✭✭✭✭✭
    It's starting to look like a really good buy. Where can I get some?
  • fcfc Posts: 12,793 ✭✭✭


    << <i>It's starting to look like a really good buy. Where can I get some? >>



    rhodium is commonly sold in wire form or foil. i am not sure which mint has
    produced a rhodium coin.

    image
  • OverdateOverdate Posts: 7,016 ✭✭✭✭✭
    $985 now?!!!

    Anyone have a handle on the supply/demand fundamentals for this metal, or a theory why it has dropped so much?

    My Adolph A. Weinman signature :)

  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>$985 now?!!!

    Anyone have a handle on the supply/demand fundamentals for this metal, or a theory why it has dropped so much? >>



    It is used as a finish for jewelry, mirrors, and search lights. It is also used in electric connections and is alloyed with platinum for aircraft turbine engines. Another use is manufacturing of nitric acid and used in hydrogenation of organic compounds. Rhodium usage is dominated by autocatalyst applications where it is used together with platinum and palladium to control exhaust emissions.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • ProofCollectionProofCollection Posts: 6,246 ✭✭✭✭✭


    << <i>Just be thankful you didn't buy Rhodium at 10K an oz a few months ago >>



    Who says we didn't buy any?
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    Is it possible to buy rhodium investor bars / coins? I've never seen any.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>Is it possible to buy rhodium investor bars / coins? I've never seen any. >>



    I doubt it if anyone makes a physical bar form. The problem is the extremely high melting point and it is very hard to actually melt. Rhodium melts at 2236 K or 1963 Deg C. So for the tiny amount of demand there probably isn't anyone that would produce these in bar form, but I could be wrong.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • fcfc Posts: 12,793 ✭✭✭
    here you go. a coin form.

    http://www.americanelements.com/rhmbcn.html
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