is rhodium a buy?

go back 5 years and this was hard to buy in Oz. Now minted tablets can be had for under 1300.

go back to 2008 and this was more than 10x higher in price

http://www.infomine.com/investment/metal-prices/rhodium/

 

Not that long ago aluminium was choice of PM for top elite.

 

http://forums.silverstackers.com/topic-74558-who-is-in-the-club.html

 

nice1 scrooged, exactly the same item too

 

How liquid is it? How easy is it to sell and how long does it take to sell at spot +buyers premium?

How does your buyer know what you are selling is not a fake (not that you would rip them off buy without this you have no secondary market)?

Where can you get it assayed for example?

See where I'm coming from?

As a commodity it has certainly interested me previously but these were the matters that put me off actually holding it physically.

 

Exit strategy?

 

at the moment it seems that there is low trading volume and it is at a low price per ounce. What has changed is availability at retail. It is quite new that way. It is also a small market and outside of PGM afficionados it is unknown as an investment.

The big question is what will drive future demand outside of this. It has an inelastic supply which is attractive from a speculative investment viewpoint especially when it can be purchased as it can be now, 1oz bars.

 

Apparently, there are about 10 significant mines and it is a byproduct of platinum. Most of those mines are in South Africa, the few remaining are in Russia or USA.

This could be a good opportunity to get access to a rare commodity while in surplus.

 

Like stated in the "clubthread", see it as something superexotic and a fun-item to spice up your stack.

I even consider Palladium and to some extend Platinum as something exotic. I bet 50% of the population never even heard of Palladium

 

I wouldnt go for more than 1 bar. I think its better to stick with the more known stuff like silver and gold which can be traded faster.

 

Super Wow.......what a chart. That is some serious movement. I have never seen the charts for rhodium. Gold is just downright boring compared to this baby. Schizophrenic springs to mind. Zero to hero and back to zero.

 

I do see, however, what I call in my technical analysis....smiley face bottoms. The time from a high to a low and back to the same level roughly equates a symmetrical smile. Expect the same with the gold bottom.

 

Rhodium was the first purchase I ever made. It has slowly but steadily been creeping up since. .
Give this a few years and Rhodium will be attract a lot more interest, however I highly doubt it will reach its 2008 price again.

 

Thats what I'm aiming for.
I'm considering picking up some fractionals along the way but rhodium attracting GST at dealers is a pain and hardly anyone stacks any.

 

Yeah i was keeping track on the latest prices. Sadly i bought only 1 bar last summer as i did not see it as an investment but it was just for the fun of it.
In germany it costs ~1200 now. How much do the cost in Aus??

I hope i will not regret my decision not to stock up more....The buy/sell ratio is just so bad here but on the other hand should it go back to 10K$....

F***

hahahah

 

How do you exit, when it reaches $2000 even more pertinent when it reaches $5000 to $10,000?
Of course if a dealer offers guarantee buy back, worth a punt.

1. If it is going up, looks like it will keep going up and selling like hot cakes at the dealer, sure the dealer probably buy it, but why would you sell it?
2. If it has raced up and market is worried that the bubble is about to pop and the dealer doesn't want a bar of it, who will you sell it to?

 

e.g you have bought two for 1000 and can sell 1 at 2000, you have one free of charge. Thats how i see it

 

I agree. I wouldn't hold it physically, but if there is some paper way, I might be interested

 

Haha

nice picture and thanks for the information.

 

Maybe we should change SS to Rhodium Stackers?!