I feel bad for whomever invested in Rhodium this last year

Comments

• asheland Posts: 23,427 ✭✭✭✭✭

  May 2, 2009 6:18PM

  I know, it's hard to believe it could drop like that!

  My YouTube Channel

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• tincup Posts: 5,246 ✭✭✭✭✭

  May 2, 2009 11:57PM

  So what is Rhodium used for?
  
  Will the price rise when the economy starts looking better?

  ----- kj

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• fishcooker Posts: 3,446 ✭✭

  May 3, 2009 12:07AM

  Way back in the day, we used it to coat jewelry to look like silver.

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• PerryHall Posts: 46,451 ✭✭✭✭✭

  May 3, 2009 2:23AM

  I'm not sure how to read your graph. Looks like it's somewhere between $2267 and $700.

  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

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• drei3ree Posts: 3,430 ✭✭✭✭

  May 3, 2009 7:46AM

  It's doing better than Citigroup!

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• OPA Posts: 17,132 ✭✭✭✭✭

  May 4, 2009 5:13AM

  
  
  << <i>It's doing better than Citigroup! >>
  
  
  
  That all depends when you bought your stock ...
  As the saying goes..."timing is everything."

  "Bongo drive 1984 Lincoln that looks like old coin dug from ground."

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• Cladiator Posts: 18,090 ✭✭✭✭✭

  May 4, 2009 5:31AM

  This chart is a bit more telling. When I look at this chart I tend to think that some folks got very lucky and very rich from buying in 2007 or prior and selling before July 2008. The boobs that bought at or near 5 digit levels lost their money just like the ones that bought gold at 4 digits. There will always be winners and losers.
  
  Rhodium description from Kitco:
  
  Rhodium is a silver-white metallic element, is highly resistant to corrosion, and is extremely reflective. It is used as a finish for jewelry, mirrors, and search lights. It is also used in electric connections and is alloyed with platinum for aircraft turbine engines. Another use is manufacturing of nitric acid and used in hydrogenation of organic compounds. Rhodium usage is dominated by autocatalyst applications where it is used together with platinum and palladium to control exhaust emissions
  
  South Africa is the major source, accounting for almost 60% of the world's rhodium supply Russia is the second largest producer, although its sales are, as with the other PGMs, volatile and subject to political intervention.
  
  

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• drei3ree Posts: 3,430 ✭✭✭✭

  May 5, 2009 2:31AM

  
  
  << <i>
  
  << <i>It's doing better than Citigroup! >>
  
  
  
  That all depends when you bought your stock ...
  As the saying goes..."timing is everything." >>
  
  
  
  
  My "timing" isn't worth %~#*!!! For everyone that I get right, I miss on two.
  

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