Rhodium is on Fire - what’s up

[Pampfan]

Does anyone know what is happening to rhodium and why it is skyrocketing up in price?

[Shinus73]

Rhodium is on Fire - what’s up?

It must have reached its relative self-igntion temperature of approximately 180^oC (sorry).

[KDave]

Now that platinum is cheaper there is nothing fundamental left to push the price of palladium higher imo and that is what matters if thinking of making an investment. Platinum will do the same thing in a converter which is the main industrial demand for both metals, the only difference is that palladium was cheaper. No longer. So that just leaves speculation as the driver for further price rises unless something else is going on that I don't know about, which is probably the case 

[KDave]

Sorry I'm mixing up the metals, rhodium is the same story as palladium, I have yet to find a fundamental reason for it going higher, speculative imo. 

The main industrial driver for the price of pgm is one of the most financially stretched, in the west at least. If unsustainable debt is driving the sales of cars then the pgms are going with it both ways. There is plenty of bad news for the car industry already. 

[Guest]

Where do you even buy rhodium? 

[Murph]

13 minutes ago, savoyard said:

Where do you even buy rhodium? 

Rhodes?

[Thelonerangershorse]

Baird & co have a range of rhodium bars.

 

[Pampfan]

Pamp also makes a 1 ounce fortuna bar - I was lucky enough to pick one up last year when they first released it. 

Here is a picture - along with all the other 1 ounce fortuna Metals

 

[Alymac]

45 minutes ago, Pampfan said:

Pamp also makes a 1 ounce fortuna bar - I was lucky enough to pick one up last year when they first released it. 

Here is a picture - along with all the other 1 ounce fortuna Metals

 

Impressive line up!

[MickB]

3 hours ago, savoyard said:

Where do you even buy rhodium? 

https://shop.sharpspixley.com/1oz-rhodium-bar-degussa

Another place to get it in London

[Pampfan]

Rhodium up around $500 an ounce  in the last 30 days - will it hit $2k an ounce?

crazy!

is rhodium the new super metal?

[Guest]

Sorry for hijacking this thread, but a thought comes to mind. Apart from gold, silver and probably platinum, which other precious metals are minted in coins? (And that excludes privately minted rounds and bars) 

[MIP]

Rhodium made its way up to $10000 some years ago. It seems demand corners offer periodically and then back to normal when miners catch up.

[Roy]

29 minutes ago, savoyard said:

Sorry for hijacking this thread, but a thought comes to mind. Apart from gold, silver and probably platinum, which other precious metals are minted in coins? (And that excludes privately minted rounds and bars) 

Platinum and Palladium are available.

Bleyer for example:

https://www.bleyerbullion.co.uk/1oz-palladium-canadian-maple-leaf-coin

[shemyaza]

I expected it but still working on why now so sharply without discretion. 2006 was the last period this seems to be showing signs of but may fizzle out. Gold and Silver are slowly eroding with additional scrappage refining coming online globally every month now into 2019. Jewellery boxes, rings, pendents etc pawned or sold to pay for the increasing cost of living and private debt. The metals not in jewellery boxes are the ones rising. Platinum will spin with Palladium upwards and Ruthenium beginning to pick up speed. Panasonic you ain't buying it up way into the future at cost now are ya?..........AAL's share price tells me the future direction of Platinum so will be watching the low point on that (CNYoz)  as production focus replaces mining demand take up.

[Pampfan]

7 hours ago, savoyard said:

Sorry for hijacking this thread, but a thought comes to mind. Apart from gold, silver and probably platinum, which other precious metals are minted in coins? (And that excludes privately minted rounds and bars) 

Hijacking’s are not allowed ?,

they also make copper coins.

 

[Guest]

2 hours ago, Pampfan said:

Hijacking’s are not allowed ?,

they also make copper coins.

 

I thought they stopped making copper coins long ago [edit: 1992], at least in this country. 

[Pampfan]

Rhodium still going up - is 2k an ounce possible by November.

[Pampfan]

Rhodium continues its upward trend - I call ed for 2k - we are now within reach!

[Pampfan]

Rhodium is now at $2000 per ounce 

Definitely the best performing precious metal since last year, destroying gold, silver, platinum, and palladium.  

When it hits $10k I’ll be a seller - ?

[NewMSmatist15]

On 3/28/2018 at 10:27, Pampfan said:

Rhodium is now at $2000 per ounce 

Definitely the best performing precious metal since last year, destroying gold, silver, platinum, and palladium.  

When it hits $10k I’ll be a seller - ?

The fact that Rhodium is trading for a higher amount per ounce than Gold baffles me. Does Rhodium really have more uses than gold industrially? Is it rarer? I think this is a speculation bubble that will burst at some point. Palladium and Platinum seems far more stable to me.

[Kman]

Rhodium going up...

Death rate in the UK going up...

Either they're using Rhodium to kill us or they know Rhodium is the only cure  

[garthy]

9 hours ago, NewMSmatist15 said:

 Does Rhodium really have more uses than gold industrially? Is it rarer? I think this is a speculative bubble that will burst at some point

Rhodiums supply is 1% of golds annual supply, a tiny market mined in South Africa and Russia, because of that it has huge upside potential, hit $10k in 2008, with all the recent political turmoil $2k isn't a bubble.

[greendragon]

21 hours ago, Kman said:

Rhodium going up...

Death rate in the UK going up...

Either they're using Rhodium to kill us or they know Rhodium is the only cure  

i think they are seeding the sky's with it using jet planes arent they?

i am sure i read it somewhere? 

[Pampfan]

More increases to the rhodium price this week. 

Are we at the start of a bull run?

Rhodium to 10k!!