Would you buy cheap rhodium?

[Teal Deer]

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?

 

[Altima]

I would only buy it if it was at spot really.

 

[Ronnie 666]

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 ?

 

[Teal Deer]

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 ?

http://www.goldstackers.com.au/store/rhodium/baird-1oz-minted-rhodium-bar.html

 

[Teal Deer]

Sorry, $350 over

 

[Ronnie 666]

Perth Bullion
http://www.perthbullion.com/shop/detail/bairdrbo1/

 

[Ronnie 666]

As Rhodium prices are not regularly updated you may find the price is out of date on GS site - call them up.

 

[Teal Deer]

I think they're just more expensive. Looks like I bought at the wrong place!
What's BB?

 

[whinfell]

BB is/was Bullion Bourse - which is now known as Perth Bullion.

 

[Golden ChipMunk]

Rhodium. yum...

 

[Ronnie 666]

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.