Rhodium ETF?
Pokermandude
Posts: 2,713 ✭✭✭
I am considering buying some of this metal given that it is again and a long term low. There are 1 oz bars at kitci, but they only ship to the USA. The spread on their Rhodium pool account is a much too high for my tastes at 10%.
Suggestions? Anyone else think this metal is a good buy right now?
Suggestions? Anyone else think this metal is a good buy right now?
http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
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"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
And if it doubled due to many cars being sold would not stocks rocket upwards due to the economy gaining so much steam? so money might be invested elsewhere that could garner a better return as well as a div while you wait?
<< <i>It's a truly rare metal. I think platinum group metals have a much better chance of doubling than stock indicies. Rhodium seems quite oversold and sits on a solid floor of ~$1000. The only thing holding me back from buying is finding it at a reasonable premium for physical or a small spread in an ETF form. Kitco's ~10% spread ($1025 buy/$1125 sell) is pretty steep to overcome. >>
1190 + shipping is the cheapest i saw for 1 oz in a bar form. Quite the premium and i am not sure who will buy it if the price pops up 500 dollars.