Would you buy cheap rhodium?

Discussion in 'Platinum' started by Teal Deer, Sep 24, 2014.

  1. Teal Deer

    Teal Deer Member

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    Currently, rhodium sells for $450 over spot for a 1oz Baird & co bar at Goldstackers. If the same, sealed bar were put up in the classifieds section of SS for say $100-200 over spot, would there be buyers?
     
    Teal Deer, Sep 24, 2014
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  2. Altima

    Altima Well-Known Member Silver Stacker

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    I would only buy it if it was at spot really.
     
    Altima, Sep 24, 2014
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  3. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Rhodium is currently on bid at US$1285 but ask is US$1385 (Kitco) which is about AU$1562. Rhodium always has this big spread between bid and ask.
    BB is selling bars at AU$1670 which is about $100 over asking price. The local price adds another $160 for GST.
    Not sure what you are on about $450 over spot ?
     
    Ronnie 666, Sep 24, 2014
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  4. Teal Deer

    Teal Deer Member

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    http://www.goldstackers.com.au/store/rhodium/baird-1oz-minted-rhodium-bar.html
     
    Teal Deer, Sep 24, 2014
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  5. Teal Deer

    Teal Deer Member

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    Sorry, $350 over
     
    Teal Deer, Sep 24, 2014
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  6. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Ronnie 666, Sep 24, 2014
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  7. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    As Rhodium prices are not regularly updated you may find the price is out of date on GS site - call them up.
     
    Ronnie 666, Sep 24, 2014
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  8. Teal Deer

    Teal Deer Member

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    I think they're just more expensive. Looks like I bought at the wrong place!
    What's BB?
     
    Teal Deer, Sep 24, 2014
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  9. whinfell

    whinfell Well-Known Member Silver Stacker

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    BB is/was Bullion Bourse - which is now known as Perth Bullion.
     
    whinfell, Sep 24, 2014
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  10. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Rhodium. yum...
     
    Golden ChipMunk, Nov 17, 2014
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  11. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Problem with Rh is GST like Pd. I think it's a gamble but there is a lot of upside potential. Remember Rh was $10k per oz a few years ago.
    Nothing wrong with a few oz just for fun.
     
    Ronnie 666, Nov 17, 2014
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