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Platinum (and now gold) just passed rhodium!

OverdateOverdate Posts: 7,007 ✭✭✭✭✭
in Precious Metals
Platinum $854, rhodium $850 at the moment. Amazing!

It wasn't that long ago that rhodium was over $10k per ounce. Now it's getting close to the price of gold.

My Adolph A. Weinman signature :)

Comments

  • fcfc Posts: 12,793 ✭✭✭


    << <i>Platinum $854, rhodium $850 at the moment. Amazing!

    It wasn't that long ago that rhodium was over $10k per ounce. Now it's getting close to the price of gold. >>



    that is quite amazing. it is like no one wants to buy rhodium period.
    how low will it go?
  • BearBear Posts: 18,953 ✭✭✭
    I owned a Rhododendron once, but it died.image
    There once was a place called
    Camelotimage
  • Coll3ctorColl3ctor Posts: 3,333 ✭✭✭


    << <i>I owned a Rhododendron once, but it died.image >>





    So sad, did you pee on it image
  • BearBear Posts: 18,953 ✭✭✭
    No, my plant was given a dignified
    funeral by the trash men.
    There once was a place called
    Camelotimage
  • CertifiedGoldCoinsCertifiedGoldCoins Posts: 1,644 ✭✭✭
    Rhodium was the most manipulated market of all. When it was flying high at $10K, the link on Kitco read "INVEST in Rhodium." They have changed that to "INVESTING in Rhodium." A subtle, but significant difference. image
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  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    Rhodium now well below both platinum and gold!

    Time for rhodium bullion coins, anyone? image

    My Adolph A. Weinman signature :)

  • agentjim007agentjim007 Posts: 6,256 ✭
    When rhodium is less than paladium I might buy some...then again maybe when it's less than silver. Man would that stuff have been a mistake. Sometimes it's good to be broke.
  • BearBear Posts: 18,953 ✭✭✭
    What say a trade of Irridium for Herculinium?

    Zirconium for Manzinite and perhaps Imodium

    for Castor Oil? image
    There once was a place called
    Camelotimage
  • BBNBBN Posts: 3,761 ✭✭✭
    So what use is Rhodium? And what caused the runup? After all of thes runups and sudden dropoffs it seems that gold was about the only stable metal.

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

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  • BearBear Posts: 18,953 ✭✭✭
    Actually Rhodium has quite a number of uses:

    1. 81% of supply used in three way catalytic converters in cars

    2. Used for its hardening and anti corrosive properties.

    3. Used in electrodes for air craft spark plugs.

    4. Used for optical instruments

    5. Used as a catalyst in industrial processes

    6. Used as a filter in mammographs

    7. Used to make laboratory crucibles
    There once was a place called
    Camelotimage
  • OPAOPA Posts: 17,118 ✭✭✭✭✭
    Rhodium making a come back ... once again the King of PM's in value
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • fishcookerfishcooker Posts: 3,446 ✭✭
    Back in the day, we sold rhodium plated costume jewelry. Our catalogs bragged about the "fine rhodium plating!"
  • OPAOPA Posts: 17,118 ✭✭✭✭✭


    << <i>Rhodium making a come back ... once again the King of PM's in value >>



    Only lasted for a couple of days ... down again below Plat & Gold.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • thestigthestig Posts: 769
    I would buy rhodium today!

    were can i get some by the ounce?

    Maybe the slide is because we are going to switch to hydrogen and electric fuel soon?

    Humblepie

    I have found power in the mysteries of thought.

    It is always a question of knowing and seeing, and not that of believing.

    Our virtues, and our failings are inseparable, like force, and matter. When they separate, man is no more.

    .
  • thestigthestig Posts: 769
    The key is a proton exchange membrane, or PEM, containing platinum. The platinum acts as a catalyst that separates electrons from the hydrogen gas atoms. The free electrons are gathered as current and the positively charged hydrogen ions pass through the membrane where they readily combine with oxygen atoms to form water.

    link
    Humblepie

    I have found power in the mysteries of thought.

    It is always a question of knowing and seeing, and not that of believing.

    Our virtues, and our failings are inseparable, like force, and matter. When they separate, man is no more.

    .
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    Gold, rhodium and platinum are now trading within 6% of each other in price.

    Any guesses which one will be the most valuable a year from now? My guess would be gold.

    My Adolph A. Weinman signature :)

  • OPAOPA Posts: 17,118 ✭✭✭✭✭
    I don't own any ... but I'd put up a cup of java ...that Rhodium will be over 2K an oz by the middle of next year.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • johnjinxjohnjinx Posts: 365 ✭✭✭
    Now we just need the US Mint to make American Rhodium Eagles. image
  • unknowncomicunknowncomic Posts: 945 ✭✭
    I want to buy some Unobtainium.
    Only mined in Frostbite Falls.
    Molon Labe
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    I want to buy some Unobtainium. Only mined in Frostbite Falls.

    Sounds like Bull . . .












    . . . winkle to me! image

    My Adolph A. Weinman signature :)

  • BBNBBN Posts: 3,761 ✭✭✭
    I'm awaiting American Plutonium Eagle coins.

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

    #1 1951 Bowman Los Angeles Rams Team Set
    #2 1980 Topps Los Angeles Rams Team Set
    #8 (and climbing) 1972 Topps Los Angeles Rams Team Set
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    Gold $860
    Platinum $860
    Rhodium $860
    Amazing!

    My Adolph A. Weinman signature :)

  • DCWDCW Posts: 7,258 ✭✭✭✭✭
    Where can you buy rhodium? Can someone post a link?

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    Kitco has pool accounts for rhodium as well as other metals, but the rhodium spread between buy and sell prices looks very wide to me.

    My Adolph A. Weinman signature :)

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