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Rhodium bullion coins - who's in?

coasterfancoasterfan Posts: 1,302 ✭
in Precious Metals
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Coming Soon: Rhodium Bullion Coins

Rhodium is a member of the platinum metals group. It is silvery white in appearance and highly reflective. It has been used as a finish for jewelry and mirrors, electric connections in aircraft turbine engines, in catalytic converters of automobiles, and in alloys with platinum and palladium. Rhodium is known as one of the most scarce and expensive precious metals, but there have been few avenues for investing in the rhodium. This will soon change when the world's first rhodium bullion coin becomes available.

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Comments

  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    Nice that they figured out how to coin rhodium. I would prefer something bigger than one gram.

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  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    The idea is cool, but the 1 gr. size is too small. I wonder if technical constraints with Rhodium make it hard to mint bigger sizes.
    "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)
  • PerryHallPerryHall Posts: 46,085 ✭✭✭✭✭
    It's a little pricey at $100 for a gram that's worth less than $40 melt. Does anyone make one ounce bars?

    Worry is the interest you pay on a debt you may not owe.
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  • carscars Posts: 1,904
    Not me, I'm in for some Rhodium but I want at least 1/2 oz pieces from well known refiners with Assay cert. Probably be hard to sell Rhodium period, Even harder from a place not everyone has heard of.
    Its all relative
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Agree. I'd buy at current prices with premiums equivalent to what platinum is bringing. But I'd want something a little more legit looking, and I've never seen the point of bullion in less than ounce sizes.
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  • illini420illini420 Posts: 11,466 ✭✭✭✭✭


    << <i>It's a little pricey at $100 for a gram that's worth less than $40 melt. Does anyone make one ounce bars? >>



    I guess I'd probably try to figure out how to make a bullion coin if I could get 250%+ of spot for it!!!!

    With a realistic premium I might be interested.

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  • PerryHallPerryHall Posts: 46,085 ✭✭✭✭✭
    Good luck trying to sell that at your local B&M.image

    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

  • jmski52jmski52 Posts: 22,800 ✭✭✭✭✭
    I was not happy with my purchase from Cohen Mint. Their customer service sucks.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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