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#1 2016-06-11 03:31:50

millededge
Member
From: camp x-ray, spelling division
Registered: 2010-09-04
Posts: 2,415
Trades :   16 

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/meta … s/rhodium/

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#2 2016-06-11 03:44:08

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,205
Trades :   39 

Re: is rhodium a buy?

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


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

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#3 2016-06-11 03:52:29

scrooged
Member
From: Melbs
Registered: 2014-05-06
Posts: 1,227
Trades :   54 

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#4 2016-06-11 04:06:09

millededge
Member
From: camp x-ray, spelling division
Registered: 2010-09-04
Posts: 2,415
Trades :   16 

Re: is rhodium a buy?

nice1 scrooged, exactly the same item too

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#5 2016-06-11 10:04:51

Oldsoul
Member
From: Aghartha
Registered: 2014-06-11
Posts: 1,187
Trades :   

Re: is rhodium a buy?

millededge wrote:

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.


"I will show you fear in a handful of dust." t.s. eliot

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#6 2016-06-11 10:24:13

kramer
Member
From: toowoomba
Registered: 2015-04-30
Posts: 487
Trades :   40 

Re: is rhodium a buy?

Exit strategy?

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#7 2016-06-11 10:24:41

millededge
Member
From: camp x-ray, spelling division
Registered: 2010-09-04
Posts: 2,415
Trades :   16 

Re: is rhodium a buy?

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.

Last edited by millededge (2016-06-11 10:25:15)

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#8 2016-06-11 10:29:33

millededge
Member
From: camp x-ray, spelling division
Registered: 2010-09-04
Posts: 2,415
Trades :   16 

Re: is rhodium a buy?

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.

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#9 2016-06-13 16:12:54

milkyspot
Member
From: milky way
Registered: 2015-01-10
Posts: 158
Trades :   

Re: is rhodium a buy?

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 wink

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#10 2016-06-13 16:17:24

milkyspot
Member
From: milky way
Registered: 2015-01-10
Posts: 158
Trades :   

Re: is rhodium a buy?

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.

Last edited by milkyspot (2016-06-13 16:18:35)

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#11 2017-01-17 00:25:13

Bullion Baron
Silver Stacker
From: Adelaide
Registered: 2009-09-14
Posts: 7,298
Trades :   139 
Website

Re: is rhodium a buy?

I bought an ounce and a half going cheap on the forums just before Christmas. I really like the look of the chart (bottoming pattern) and potential for another significant run higher in the case of a shortage given low stock, relatively small amount of mining as a by product. That said I agree with above comments that liquidity could be a problem. I'd imagine it could be tested with an XRF machine?

5 Year Chart
61_graphengine_2.png

12 Year Chart
61_graphengine_3.png

Here's hoping for another super spike smile

09-08-24-RA4.jpg

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#12 2017-01-17 00:37:06

tolly_67
Member
Registered: 2010-05-17
Posts: 1,748
Trades :   

Re: is rhodium a buy?

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.

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#13 2017-01-17 00:40:31

tolly_67
Member
Registered: 2010-05-17
Posts: 1,748
Trades :   

Re: is rhodium a buy?

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.

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#14 2017-01-29 18:27:17

Bullion Baron
Silver Stacker
From: Adelaide
Registered: 2009-09-14
Posts: 7,298
Trades :   139 
Website

Re: is rhodium a buy?

Shares in Lonmin tumbled on Thursday after the South African platinum miner reported a "disappointing" start to its new financial year as production declined and it struggled to improve productivity at its operations.

In the three months to December, refined platinum production fell 20 per cent to 137,000 ounces from the same period a year ago when output was boosted by smelter clean up project.

Overall output from its Marikana mining operations, which account for 95 per cent of the company's total, was 7.8 per cent lower in the three months to December than in the same period of the previous year.

https://www.ft.com/content/f3989820-e3b … 357a75844a

Rhodium is produced at the same mine (Marikana)

According to this article Lonmin is the 4th largest Rhodium producer in the world: https://www.thebalance.com/the-10-bigge … 14-2339737

However, based on 2015 production figures from here: http://www.lonmin.com/reports/2015/onli … ew_01.html it is more likely they are placed as 3rd largest.

Here's hoping this mine slow down contributes to some upside for the metal smile

61_rhodium1.png

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#15 2017-02-20 17:46:29

Bullion Baron
Silver Stacker
From: Adelaide
Registered: 2009-09-14
Posts: 7,298
Trades :   139 
Website

Re: is rhodium a buy?

US$900, are you on board? big_smile

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#16 2017-03-21 06:21:43

Bullion Baron
Silver Stacker
From: Adelaide
Registered: 2009-09-14
Posts: 7,298
Trades :   139 
Website

Re: is rhodium a buy?

US$960... toot toot cool

The spectacular turnaround comes amid stronger demand from industrial users including automakers, which account for the bulk of rhodium consumption. China, which predominantly favors gasoline vehicles, in December raised a sales tax on small cars less than originally expected. In 2016, Chinese consumers bought vehicles at the fastest pace in three years.

"China is a big part of this story," said Jonathan Butler, a precious metals strategist at Mitsubishi Corp. in London. "The level of car ownership is still growing, and there are signs that it could get to western levels."

https://www.bloomberg.com/news/articles … n-a-decade

C7bynx2U0AA-kJ6.jpg

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#17 2017-03-21 07:27:13

StewyD32
Silver Stacker
From: Western Australia
Registered: 2016-11-11
Posts: 232
Trades :   

Re: is rhodium a buy?

Rhodium was the first purchase I ever made. It has slowly but steadily been creeping up since. smile.
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.


The path to inner peace begin with four words:
             Not My Fu**ing Problem

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#18 2017-03-21 08:58:58

Bullion Baron
Silver Stacker
From: Adelaide
Registered: 2009-09-14
Posts: 7,298
Trades :   139 
Website

Re: is rhodium a buy?

I'd be happy enough with US$2000+ which it has been at in four separate bubble/bull runs over the past 30 years.

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#19 2017-03-21 09:15:05

StewyD32
Silver Stacker
From: Western Australia
Registered: 2016-11-11
Posts: 232
Trades :   

Re: is rhodium a buy?

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


The path to inner peace begin with four words:
             Not My Fu**ing Problem

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#20 2017-03-21 22:12:55

milkyspot
Member
From: milky way
Registered: 2015-01-10
Posts: 158
Trades :   

Re: is rhodium a buy?

DMdGvKK.jpg

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

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#21 2017-03-21 23:00:13

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,205
Trades :   39 

Re: is rhodium a buy?

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?


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

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#22 2017-03-22 02:55:11

milkyspot
Member
From: milky way
Registered: 2015-01-10
Posts: 158
Trades :   

Re: is rhodium a buy?

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 smile

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#23 2017-03-23 21:22:08

Bullion Baron
Silver Stacker
From: Adelaide
Registered: 2009-09-14
Posts: 7,298
Trades :   139 
Website

Re: is rhodium a buy?

US$990 big_smile

C1W-TMAUoAAj-wL.jpg

milkyspot wrote:

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??

Unfortunately GST applies in Australia, so spot + gst + premium. Not many bullion dealers sell it.

Currently A$1590 at Gold Stackers: http://www.goldstackers.com.au/store/pl … m-bar.html

Ipv6Ready wrote:

How do you exit, when it reaches $2000 even more pertinent when it reaches $5000 to $10,000?

I don't think I'd be waiting around for $10,000! I think if you offered on here at spot or just under when reaches $2,000 you'd probably get some bites or maybe ebay?!

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#24 2017-03-23 23:50:03

SilverDJ
Member
From: Australia
Registered: 2014-11-01
Posts: 2,527

Re: is rhodium a buy?

Oldsoul wrote:
millededge wrote:

nice1 scrooged, exactly the same item too

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

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

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#25 2017-03-24 07:43:08

milkyspot
Member
From: milky way
Registered: 2015-01-10
Posts: 158
Trades :   

Re: is rhodium a buy?

Bullion Baron wrote:

US$990 big_smile

https://pbs.twimg.com/media/C1W-TMAUoAAj-wL.jpg

milkyspot wrote:

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??

Unfortunately GST applies in Australia, so spot + gst + premium. Not many bullion dealers sell it.

Currently A$1590 at Gold Stackers: http://www.goldstackers.com.au/store/pl … m-bar.html

Ipv6Ready wrote:

How do you exit, when it reaches $2000 even more pertinent when it reaches $5000 to $10,000?

I don't think I'd be waiting around for $10,000! I think if you offered on here at spot or just under when reaches $2,000 you'd probably get some bites or maybe ebay?!


Haha

nice picture and thanks for the information.

Last edited by milkyspot (2017-03-24 07:43:39)

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