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Rhodium is on Fire - what’s up


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growing indian and chinese automobile market - growing legislation requiring increased rhodium loads in catalytic convertors. There is no substitute for rhodium in catalytic convertors. Platinum and Palladium can be swapped around, quantities tinkered with. Platinum and Palladium can process toxic carbon based compounds, neither metal is capable of dealing with toxic nitrogen or sulphur based emissions aka the causative agents for acid rain. Writings clear and on the wall for further price rises imo…  but I still can't find a buyer in the uk/europe sales section on this forum… :( 

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  • 9 months later...

Hitting main forums now which is usually a sign of the run ending in tne not too distant future, weeks, months, so who knows ? Similar set up to Palladium which could still run due to actual physical shortages (until the mines catch up).

Edited by Oldun
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  • 4 months later...
22 minutes ago, Gildeon said:

 Question is how easy is to sell this? Do we know what spread the dealers offer?

The spread at Bullion exchanges in NYC is $400 an ounce (ouch) - but if you bought it at $900 - still a very good profit.

 

 

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  • 4 weeks later...

Rhodium just hit $4,000 an ounce.

Crazy, just Crazy. I brought this metal to everyone’s attention a few years back -  Where is it going next? $5,000? $6,000? 

Wow!

Edited by Pampfan
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I think the "EASY" pms of Au/Ag are the most brutally manipulated through paper  trading 

 So this rapid rise in a very tight market for Rhodium could be the "CLEVER" money finding a faster market to get in to as they are already "running" from the markets

BUT WHAT do I KNOW!?? 😉

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