highroller4321 wrote:What is everyone's thoughts on Rhodium? I was thinking about picking up an ounce or two.
I'm sure it will be extremely hard to sell so maybe paper play would be the best bet?
In my personal opinion (I know that doesn't mean much), I think Palladium is a better bet. Other than the dip in 2008, has went from $200/oz to today $736 consistently rising. And I think will be right near Platinum in a few years. Rhodium has done nothing but drop in value in the last 5 years. From $10,000/oz to $1,150/oz. And now is in a slow but steady decline. The last year Rhodium virtually didn't do anything. Both are a substitute for Platinum in Catalytic Converters because Platinum was getting too expensive, but like Platinum, they are using it all up.
Also Palladium is not very dense. It is the least dense of all the PMG's. So that makes an actual troy ounce even more rare as it takes more Palladium material to make up the same troy ounce as a more dense metal. And as far as an investment/inflation hedging, I would think about liquidation, I watch alot of auctions for Platinum/Palladium/Rhodium bars, in my experience they just don't hold the premium Gold does. Alot of times I see 1oz Suiess Palladium bars go for at or slightly under spot. I just don't think there is enough people with knowledge about some of the other PM's other than Gold/Silver, so people are scared and just don't bid. Just my $.02
-The Great
Posted: Thu Jan 17, 2013 11:15 pm