Kitco rhodium 1 oz. powder in tamper-proof bottles - $200 over spot

jmski52

I was perusing the Kitco site and noticed that the premium for pure rhodium at Kitco wasn't really too bad at the moment. $200 over spot is about 8%. Of course, I don't know what their buying price is, and that would have to be considered as well.

PerryHall

<< <i>I was perusing the Kitco site and noticed that the premium for pure rhodium at Kitco wasn't really too bad at the moment. $200 over spot is about 8%. Of course, I don't know what their buying price is, and that would have to be considered as well. >>



The market for something as esoteric as this is just too thin for my taste. With gold and silver, you can always take it to a B&M coin dealer to get some quick cash if you ever needed to. Try that with rhodium powder.

jmski52

For the most part I'm in your camp, Perry. Liquidity is pretty important to me, but every time that I look at the 2006 rhodium spike - I do a little bit of a double-take!

Weiss

I'm still squatting on my rhodium pool account. Love to see it spike to $3k or more.

FullStrike

Rhodium? Powder?




Seems to me that the Chinese ought to be buying lots of that.

after all don't they buy powdered Rhino Horn, Elephant Tusk and pickled pig lips?

Rhodium up the nose ought to be good for something.

OnlyGoldIsMoney

Not an especially liquid commodity and its in powder form.

Pass.

Pokermandude

With Rh bars on the market now at somewhat reasonable premiums, I'd absolutely pass on the powder form.

LochNESS

I bet Element159 would buy some Rh powder if they don't have already