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I feel bad for whomever invested in Rhodium this last year

ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
in Precious Metals
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Comments

  • ashelandasheland Posts: 23,231 ✭✭✭✭✭
    I know, it's hard to believe it could drop like that!

    My YouTube Channel

  • tincuptincup Posts: 5,187 ✭✭✭✭✭
    So what is Rhodium used for?

    Will the price rise when the economy starts looking better?
    ----- kj
  • fishcookerfishcooker Posts: 3,446 ✭✭
    Way back in the day, we used it to coat jewelry to look like silver.
  • PerryHallPerryHall Posts: 46,232 ✭✭✭✭✭
    I'm not sure how to read your graph. Looks like it's somewhere between $2267 and $700.

    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

  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭
    It's doing better than Citigroup! image
  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>It's doing better than Citigroup! image >>



    That all depends when you bought your stock ... image
    As the saying goes..."timing is everything."
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • CladiatorCladiator Posts: 18,050 ✭✭✭✭✭
    This chart is a bit more telling. When I look at this chart I tend to think that some folks got very lucky and very rich from buying in 2007 or prior and selling before July 2008. The boobs that bought at or near 5 digit levels lost their money just like the ones that bought gold at 4 digits. There will always be winners and losers.

    Rhodium description from Kitco:

    Rhodium is a silver-white metallic element, is highly resistant to corrosion, and is extremely reflective. 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

    South Africa is the major source, accounting for almost 60% of the world's rhodium supply Russia is the second largest producer, although its sales are, as with the other PGMs, volatile and subject to political intervention.

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  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭


    << <i>

    << <i>It's doing better than Citigroup! image >>



    That all depends when you bought your stock ... image
    As the saying goes..."timing is everything." >>




    My "timing" isn't worth %~#*!!! For everyone that I get right, I miss on two. image
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