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Please share your opinions about Rhodium bars

goodmoney4badmoneygoodmoney4badmoney Posts: 1,234 ✭✭✭✭✭

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".

Comments

  • bronco2078bronco2078 Posts: 10,225 ✭✭✭✭✭

    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.

  • WeissWeiss Posts: 9,941 ✭✭✭✭✭

    The market is crazy thin. Owning physical on rhodium seems like a very very very iffy proposition

    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭

    Interesting, but humongous premium.

    image
  • rawteam1rawteam1 Posts: 2,472 ✭✭✭

    Like buying a front and back loaded mutual fund of retail penny stocks...

    keceph `anah
  • @Weiss said:
    The market is crazy thin. Owning physical on rhodium seems like a very very very iffy proposition

    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.

  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭

    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

  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭

    Sometimes the best investments can be in things others don't want.......if the price is right.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    edited June 18, 2017 5:35AM

    Doesn't meet my liquidity requirement, and as others have also mentioned - the spreads are prohibitive and probably always will be.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Definitely not what I would deem good potential. Other than platinum, I would not venture outside of silver and gold...Cheers, RickO

  • ashelandasheland Posts: 23,189 ✭✭✭✭✭

    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. :)

  • mariner67mariner67 Posts: 2,746 ✭✭✭

    I'm with ricko.

    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    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

  • goodmoney4badmoneygoodmoney4badmoney Posts: 1,234 ✭✭✭✭✭

    Thanks everyone for your opinions! :)

  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭

    @Baley said:
    I've toyed with the idea of collecting samples of all the noble metals, but have not done anything about it yet

    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

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    Platinum, palladium, rhodium, osmium, iridium, ruthenium, and gold would be my list i think.

    Liberty: Parent of Science & Industry

  • @Baley said:
    Platinum, palladium, rhodium, osmium, iridium, ruthenium, and gold would be my list i think.

    Silver.

  • ashelandasheland Posts: 23,189 ✭✭✭✭✭

    Technically copper is a noble metal. >:)

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    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

  • mbogomanmbogoman Posts: 5,182 ✭✭✭✭✭
    edited June 19, 2017 7:35AM

    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".

  • NVUNVU Posts: 284 ✭✭✭

    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.

  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭

    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

  • NVUNVU Posts: 284 ✭✭✭

    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.

  • ashelandasheland Posts: 23,189 ✭✭✭✭✭

    eBay is the only place that I can think of to sell Rhodium.

  • goodmoney4badmoneygoodmoney4badmoney Posts: 1,234 ✭✭✭✭✭

    @asheland said:
    eBay is the only place that I can think of to sell Rhodium.

    Kitco lists on their website that they will buy Rhodium in bars and sponge from the public.

  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    edited June 21, 2017 3:15PM

    @goodmoney4badmoney said:

    @asheland said:
    eBay is the only place that I can think of to sell Rhodium.

    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

  • goodmoney4badmoneygoodmoney4badmoney Posts: 1,234 ✭✭✭✭✭

    @PerryHall said:

    @goodmoney4badmoney said:

    @asheland said:
    eBay is the only place that I can think of to sell Rhodium.

    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.

    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?

  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭

    @goodmoney4badmoney said:

    @PerryHall said:

    @goodmoney4badmoney said:

    @asheland said:
    eBay is the only place that I can think of to sell Rhodium.

    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.

    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

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    Not for me.

    "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

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭

    My eyes aren't what they used to be, but Fortuna looks a little cold to me on NVU's rhodium round. B)

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