I’m thinking of Kitco - but looking at the bid price it is well under 9k USD there. You could try calling KJC in Sydney. The price action is pretty steep at the moment. If GS is *buying* at 94% of spot then that might not be so bad considering spot has jumped about 40% in 2 weeks
One of the youtuber I am following had one and it looked like he might be interested in selling. I cannot remember who it was, I binge watch these videos...
Take the 94% of spot. I highly doubt any bullion dealer will offer you spot and it will be very hard to sell on here with the current high price. I had a 1oz on here and didn't sell or even an enquiry. Had to go to a local bullion company. Think I got 97% of spot
97% of spot is very good. In Singapore, I can only get 96-97% of spot even for platinum, which is ridiculous.
On the GS website, one ounce Rh page, right under the sale price it has the buyback. Where did you see 94%? I’ve looked at a US vendor and they will pay around 75% of spot too https://aupreciousmetals.com/sell-rhodium-in-michigan/
I enquired recently about selling Rhodium at KJC. They offered me $15 000 aud per ounce. Yet at the time they were selling an ounce on their website for $31 000. I think i will just hang on to my Rhodium thanks KJC lol
I didn't ask them about anything specific, just 1 oz of Rhodium, and they mentioned it is very hard to sell is Australia, but they may have interest at 15 000. Mine are just some Baird 1 oz bars
As it turned out, barriers to sale such as drastic spreads, difficulty for sellers to find a ready middleman, intimidating prices ended up being fuel on the fire I’d say there is a fair bit of supply locked up by silly barriers Price is heading towards double in 12 months and no end in sight for now
Have they been giving Rhodium away for free with a $700 cash bonus as well and I missed out, or has Kitco fucked up again? Or maybe I am too intoxicated to get my head around this price action thing I am seeing. PS: I hope those of you who were thinking of selling at $15k did so, as I can imagine the butthurt of anyone who held on all the way down. Rhodium is the Bitcoin of the precious metals and can lose 50% of its value faster than you can say "fuck me dead" Rhodium 2700.00+3400.00