is rhodium a buy?

Discussion in 'General Precious Metals Discussion' started by millededge, Jun 11, 2016.

  1. madaw1

    madaw1 Well-Known Member

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    Maybe we should change SS to Rhodium Stackers?!
     
  2. JNS

    JNS Active Member Silver Stacker

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    Recently, i got super excited with these metals.

    Well, there is a lot of market changes in my stacking years, i realised that what is hot today might not be hot tomorrow or vice versa.

    My delight and excitement always steer me to luck.:)
     
  3. BenKenobi

    BenKenobi Active Member

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    Been stacking Rhodium for the last 2 years, in fact if you have not been watching the chart and are not diversifying your stack accordingly, you must be some sort of Gollum.
     
  4. milled

    milled Active Member

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    rhodium now at around 7250 AUD per oz

    back in 2016, there were 5 oz bars for purchase, not so much now

    what has happened is a confluence of EU top down directives on emissions favouring Rh, a fall in the AUD vs the USD and China now ramping up domestic auto demand Obama style to bump domestic economy

    Rh has a total world supply in the order of 21 tonnes annually and as a byproduct of smelting other ores, mainly platinum, particularly being in geopolitically fractious locations, supply cannot simply be dialled up
     
  5. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Rhodium was my very first purchase. I had it up for sale around this time last year or a bit more and didn't even get any interest, so went to PB after several weeks.

    It is definitely worth stacking, just be careful how liquid the market for this is.
     
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  6. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    The only forsure metal to buy at the moment is gold! It's even on the bankers minds ... Markets will get trashed soon
     
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  7. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Liquidity is key. Hard to find a buyer at your sale price when it's time to move the item.
     
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  8. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    Yep liquidity wins the day
     
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  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Just curious if you are also stacking pt and pd?
     
  10. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    I have some pt only because the price was/is low. No pd at the moment due to the price but will relook at this if the price declines
     
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  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I came across rhodium when I was researching on gold in May last year. I had been too cautious, because of the "industrial metal" argument. At the end of the day, it's all about the price and the chart.

    If there's a recession, industrial metals will be hit but if the price is low, as in the case of pt, the downside will be limited, and we can always cost average downwards and play the long game.

    Do you mean perth bullion? The one that just closed shop?
     
    Last edited: Sep 4, 2019
  12. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Rhodium soared during the last recession, like most other metals. I wouldn't be put off by the industrial metal argument in relation to that.
    Wish I didn't sell all the rhodium when I did but one or two things needs doing. I think rhodium to a certain extent is an indicator to what could happen down the road like the last recession and currently has the same hallmarks as before.

    And yes, PB is Perth bullion.
     
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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Another problem I am seeing is GST. Pt doesn't have this problem.
     
  14. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Yeah it was a little off-putting for me, but if the price goes up 700% the initial GST you pay is insignificant which is the case now.
    (I picked mine up when rhodium bottomed)
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I would too but the price of rhodium has already doubled by May of 2018.

    I’m now betting on platinum and the Chinese government moving big into fuel cell within the next 5 years. It makes sense as practically all urban Chinese live in apartment blocks and the Chinese government owns most of the petrol stations, sinopec. It won’t be difficult to retrofit then for hydrogen.
     
  16. TreasureHunter

    TreasureHunter Well-Known Member

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    Now it's around 5,000 USD. This thread was started at about the time Rhodium was a good buy. It went up from 600-800 USD and who knows, it might even surpass 5,000 USD.

    Bubble?

    Prolly, like Platinum?
     
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I had a look at rhodium when it was slightly over $2000, I decided not to buy. Even if I can time travel back to over a year ago I still won’t buy.
     
  18. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    How about traveling 4-5 years back in time and return to sell for 5-7x the price?

    You wouldn't do it? :D

    Biff Tannen would. And he'd become the "Trump" of his alternative future.
     
  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Yes I’ll be buying Rhodium if the price drops to 1k per oz. At the end of the day, only the absolute price matters to me. Capital appreciate is good if it happens.
     
  20. TreasureHunter

    TreasureHunter Well-Known Member

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    If you own rhodium, why not sell now and buy silver, gold and platinum. You will cash in again, when THEY go much higher! :)
     

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