Please share your opinions about Rhodium bars
goodmoney4badmoney
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I recently picked up a 1 ounce PAMP Rhodium bar when I learned that PAMP had started producing them. Looks like Baird has some competition in the Rhodium ingot market now.
Anyone care to share your thoughts about Rhodium? I feel like the price of Rhodium is pretty low lately based upon it's history, but I recognize that price wise it can be much more volatile. I guess that's why I like it. Also, having a bar from PAMP in this metal is kind of cool to me, so I had to "pull the trigger".
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Oh god no , not buying Rhodium even with stolen money. If PAMP is making Rhodium bars now I'm selling all my PAMP stuff tomorrow.
The market is crazy thin. Owning physical on rhodium seems like a very very very iffy proposition
--Severian the Lame
Interesting, but humongous premium.
Like buying a front and back loaded mutual fund of retail penny stocks...
Right, as soon as it sees a jump in price people are going to be trying to turn a profit. There have only been a handful of eBay sales of rhodium buillion so far this month and most of them were fractional sizes.
I feel like it's going to be very hard to realize anything close to 100% of an index price jump with physical bullion.
Very volatile and not very liquid except at very high temperatures. Not for me.
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
Sometimes the best investments can be in things others don't want.......if the price is right.
Knowledge is the enemy of fear
Doesn't meet my liquidity requirement, and as others have also mentioned - the spreads are prohibitive and probably always will be.
I knew it would happen.
Definitely not what I would deem good potential. Other than platinum, I would not venture outside of silver and gold...Cheers, RickO
I actually plan to get a 1/10 bar just to simply own an example. Indeed there aren't many buying this and it could be difficult to sell. I just want an example for fun.
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I'm with ricko.
I've toyed with the idea of collecting samples of all the noble metals, but have not done anything about it yet
Liberty: Parent of Science & Industry
Thanks everyone for your opinions!
I'm curious. How many noble metals would be needed for a complete collection?
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
Platinum, palladium, rhodium, osmium, iridium, ruthenium, and gold would be my list i think.
Liberty: Parent of Science & Industry
Silver.
Technically copper is a noble metal.
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Others may consider silver a noble metal, i do not, far too common. And copper is right out, far too reactive.
Liberty: Parent of Science & Industry
From Wikipedia:
In chemistry, the noble metals are metals that are resistant to corrosion and oxidation in moist air (unlike most base metals). The short list of chemically noble metals (those elements upon which almost all chemists agree) comprises ruthenium (Ru), rhodium (Rh), palladium (Pd), silver (Ag), osmium (Os), iridium (Ir), platinum (Pt), and gold (Au).
More inclusive lists include one or more of mercury (Hg), rhenium (Re) and copper (Cu) as noble metals. On the other hand, titanium (Ti), niobium (Nb), and tantalum (Ta) are not included as noble metals although they are very resistant to corrosion.
While the noble metals tend to be valuable – due to both their rarity in the Earth's crust and their usefulness in areas like metallurgy, high technology, and ornamentation (jewelry, art, sacred objects, etc.) – the terms "noble metal" and "precious metal" are not synonymous.
The term noble metal can be traced back to at least the late 14th century and has slightly different meanings in different fields of study and application. Only in atomic physics is there a strict definition, which includes only copper, silver, and gold, because they have completely filled d-subshells. For this reason there are many quite different lists of "noble metals".
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
It doesn't hurt to add a little Rhodium to your PM portfolio for speculation. I have 1 ounce round and a few 1gr here and there just for kicks.
Love this design, have to have it for my collection, not speculation though.
Where would sell something like that?
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
Not from Cohen off course. Got it from ebay awhile back.....very rare........
250 minted that what I've been told. I don't have any concrete evidence, perhaps someone can shed some light.
eBay is the only place that I can think of to sell Rhodium.
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Kitco lists on their website that they will buy Rhodium in bars and sponge from the public.
Usually they have a minimum quantity that they are willing to buy. I'm not sure they would want to mess with a single 1 oz bar.
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
I suppose that's a possibility. Assuming this is true, could a person piggyback a single ounce onto a larger offering of other metals when selling to them?
Don't know why you couldn't do this but it may be hard to find a dealer with a large order that he's getting ready to ship out. I've seen APMEX and Provident Metals set up at some of the big coin shows and they are there primarily to buy precious metals from the coin dealers there so that may be a good venue to sell a rhodium bar.
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
Not for me.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
My eyes aren't what they used to be, but Fortuna looks a little cold to me on NVU's rhodium round.
Here's a warning parable for coin collectors...