is rhodium a buy?

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

  1. StewyD32

    StewyD32 Well-Known Member Silver Stacker

    Joined:
    Nov 11, 2016
    Messages:
    802
    Likes Received:
    324
    Trophy Points:
    63
    Location:
    Western Australia
    Rhodium has much sharper gains compared to silver and gold, be it once in a blue moon. I think rhodium will gain a little more, so worth holding with the possibility of a looming recession.

    Diversifying your stack is never a bad thing.
     
    sgbuyer likes this.
  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    1,739
    Likes Received:
    967
    Trophy Points:
    113
    Location:
    Singapore
    I read that there’s actually a surplus of rhodium. It appears that the big boys are stacking rhodium in excess of business use demand. I don’t buy the pallladium shortage either, most likely it is Russia holding back supplies.
     
  3. minimilled

    minimilled Member

    Joined:
    Nov 24, 2019
    Messages:
    87
    Likes Received:
    71
    Trophy Points:
    18
    upload_2020-1-8_19-41-33.png
    War is good for rhodium. Who knew?
     
  4. minimilled

    minimilled Member

    Joined:
    Nov 24, 2019
    Messages:
    87
    Likes Received:
    71
    Trophy Points:
    18
    Might be an early blow off top at this rate

    upload_2020-1-9_19-47-15.png

    ATH is around 10k USD.
     
  5. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    2,852
    Likes Received:
    384
    Trophy Points:
    83
    Location:
    Treasure Island
    ^
    Wow!

    "ATH" meaning?

    Regardless of its price: how can the small man sell it?

    Obviously, Rhodium is for the sophisticated, much richer investor who has the means to sell it (find a dealer), but I guess it's difficult in the US, Germany, UK, Australia as well.
     
  6. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    2,312
    Likes Received:
    650
    Trophy Points:
    113
    Location:
    Seedeneey
    Dealers will hit you when they buy, cause not easy to sell cause it attracts GST.. only Au & Ag do not have GST on 999+ finness
     
  7. minimilled

    minimilled Member

    Joined:
    Nov 24, 2019
    Messages:
    87
    Likes Received:
    71
    Trophy Points:
    18
    ATH = all time high. The rate of change in long term graph suggests a top is coming.

    upload_2020-1-21_7-26-5.png upload_2020-1-21_7-31-27.png
    Live price is now 9400 USD
    https://www.moneymetals.com/precious-metals-charts/rhodium-price

    As for selling, “what a problem to have”. I expect there is a big spread between buy and sell in Australia. There was last time I looked years ago. However, on the bright side, it might be same price as taking it to Kitco in the USA and selling direct.

    Are you sure this attract GST? The GST exemption list covers “certain” metals other than gold and silver, so long as they are in investment form. (You probably are right...but the ruling would have to be confirmed as rhodium clearly is a precious metal, clearly trades as such and is rarer than gold, silver, platinum)

    https://www.abf.gov.au/importing-ex...ting-goods/gst-and-other-taxes/gst-exemptions

    Please Note - platinum also seems to qualify as GST exempt, not just Au and At
    GST-free supply

    Under section 38-385 of the GST Act, the first supply of precious metals after its refining by the refiner, or on behalf of the supplier will only be GST-free if the recipient of the supply is a dealer in precious metals.

    As defined under section 195-1 of the GST Act, precious metal means:

    (a) gold (in an investment form) of at least 99.5% fineness; or

    (b) silver (in an investment form) of at least 99.9% fineness; or

    (c) platinum (in an investment form) of at least 99% fineness; or

    (d) any other substance (in an investment form) specified in the regulations of a particular fineness specified in the regulations of at least 99.5% fineness.
     
  8. minimilled

    minimilled Member

    Joined:
    Nov 24, 2019
    Messages:
    87
    Likes Received:
    71
    Trophy Points:
    18
    When you say it isn’t easy to sell, you might be right but also I see KJC has not had half ounce stock on their website for some time and I haven’t seen 5 ounce there even listed for a while.

    I’d also be thinking of a global market for this one.

    From what I have read, emissions standards are greatly responsible for the demand, more recently in China. However, India’s emissions scheme relevant to rhodium is coming up soon (deadline 31 March 2020)
    https://www.embitel.com/blog/embedd...e-6-and-bs-vi-norms-in-automotive-electronics
    “India is a country with 10 of the most populated cities of the world and this is one distinction we should not be proud of.

    Vehicular emission is a major contributor to the worsening air quality of Indian cities. Emission of NOx, SO2, CO2 and particulate matter is taking a toll on people’s health. In cities like Delhi, the PM2.5 level is more than 6 times the prescribed levels by WHO.

    In October 2016, India signed the Conference of Protocol also known as the Paris Climate Agreement. Being a signatory to the agreement, India is obligated to bring down the carbon footprint by 33-55% from the levels recorded in 2005 in the next 12 years.

    This warranted the need for a stricter norm that could reduce the emissions considerably and put India on track to meet the Paris agreement goals.

    Ideally, BS V would have been rolled out by 2021 and BS VI in 2024 but leapfrog to Bharat Stage VI norms by 2020 had to be planned because of the carbon footprint obligations.”


    • NOx emission will come down by approximately 25% for the petrol engine and 68% for the diesel engines.
    • The PM emission will see a substantial decrease of 80% in Diesel engines”

    I’ve read the market share for diesel vehicles will drop from about 45% to 33%
     
    sgbuyer likes this.
  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    1,739
    Likes Received:
    967
    Trophy Points:
    113
    Location:
    Singapore
    Wow, this thread dated 2016. Wished I had known pm in 2016 or 2017. But by the time I saw rhodium in 2018, it was well over $2k. I'll have to settle for pt now.
     
  10. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,096
    Likes Received:
    1,231
    Trophy Points:
    113
    Location:
    Sydney
    Wow looks like it will hit $10k by the end of the week. Using the Rhodium indicator, i expect a general market crash soon.
     
    sgbuyer and madaw1 like this.
  11. minimilled

    minimilled Member

    Joined:
    Nov 24, 2019
    Messages:
    87
    Likes Received:
    71
    Trophy Points:
    18
    Depending on what you read, live price is now USD 10250 or 9895
    https://www.metalsdaily.com/live-prices/pgms/

    Given that Bharat 6 is coming in for India in April, you have to wonder if this is preemptive.

    Maybe with some speculative froth driving it. It would be nice to look at who is buying.
     
  12. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,096
    Likes Received:
    1,231
    Trophy Points:
    113
    Location:
    Sydney
    it's mesmerizing :rolleyes: $10,775 USD


    RHODIUM.png
     
  13. Michael Stevens

    Michael Stevens Active Member

    Joined:
    Jul 14, 2019
    Messages:
    150
    Likes Received:
    133
    Trophy Points:
    43
  14. StewyD32

    StewyD32 Well-Known Member Silver Stacker

    Joined:
    Nov 11, 2016
    Messages:
    802
    Likes Received:
    324
    Trophy Points:
    63
    Location:
    Western Australia
    Out of curiosity of liquidity... Has anyone offloaded any recently at these prices?
     
  15. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    3,798
    Likes Received:
    729
    Trophy Points:
    113
    Location:
    North Sydney
    At that price, substitutes will come into play in the medium term
    .
    Unlike gold rhodium is mostly industrial, so only processes that must use it will keep doing so long term. Though in industrial usage a straight swap would be rare (ie nothing changes but the substitute) so to retrofit another process into production will take time
     
  16. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    2,312
    Likes Received:
    650
    Trophy Points:
    113
    Location:
    Seedeneey
    DOH!!! If only knew....
     
  17. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    3,798
    Likes Received:
    729
    Trophy Points:
    113
    Location:
    North Sydney
    Wasn't rhodium a semi popular metal here a years back, i recall a few threads, when it was cheaper than gold
     

Share This Page