You want to see something funny?

Weiss

Barndog

does that mean rhodium is a better investment than US dollars?

MilesWaits

explain please?

Weiss

<< <i>explain please? >>



Just an observation. Gold has gone up ~10% in the last 30 days:


Silver has gone up ~25% in the last 30 days:


And Palladium has gone up ~8% in the last 30 days:


Rhodium, which has traded as high as $10,000 an ounce in the last few years, did nothing this month:

fc

i recycle a lot of stuff for cash. the place i take lead batteries is basically
an automotive specialist in recycling.

i asked him about rhodium. he told me the market is very thin. very
few people/companies actually buy rhodium. the spread is huge for
rhodium. 1350 bid, 1650 ask.

he learns this when he tries to sell recycled rhodium. he also stated
rhodium was easily manipulated due to the thin market for it.

in my mind.. that chart is basically showing he was right just how few
sales/buys are made of rhodium... the spread is probably so wide that
1500 says it all.

but i dunno. just repeating what i heard.

Norseman88

The Rhodium market is one I might be interested in buying into at these prices if there actually was a market for it.

SUMORADA

he learns this when he tries to sell recycled rhodium. he also stated rhodium was easily manipulated due to the thin market for it

Weiss

So I propose we Nelson & William Hunt that market. Imagine 10 or 12 of us on the CU precious metals forum all buying 10 or 20 shares. We could spark an international Rhodium frenzy.

SilverEagles92

<< <i>So I propose we Nelson & William Hunt that market. Imagine 10 or 12 of us on the CU precious metals forum all buying 10 or 20 shares. We could spark an international Rhodium frenzy. >>





The original post made me laugh out loud.

With the volatility we associate with gold, silver, platinum, and even palladium, I didn't expect any precious metal to be so stagnant.