Time to sell Rhodium?

[HaiAnhTran]

Premiums seem to be expensive. But its quality is quite OK and of course I still want to be loyal to it.

[maxwellsilverhammer]

platinum is blasting upward so i think another significant rise in rhodium is definitely in order.

[maxwellsilverhammer]

hello, midiman, sandro1979 and motocat. i guess i dont have strong hands when it comes to rhodium. the only reports i can find on future projections on rhodium state it should drop under 2k soon. i have watched it keep slowly inching downward for a couple weeks while we have big swings on all the rest of the p m's. i for one am rethinking my holdings and ready to sell my 10 ozt and take the profits off the table. any suggestions on where i may look for additional information on rhodium is greatly appreciated. also, motocat, i am curious if you sold yours and at what pricepoint you decided to sell?

[maxwellsilverhammer]

watching and waiting still. no idea which direction it is heading and crickets on this forum.

[maxwellsilverhammer]

well i sold my 10 oz rhodium, 5 (pool) and 5 physical bars to kitco. i held it a couple weeks too long and didnt sell on the top but still made a nice $700 profit each ounce bar on 10 ounces in 14 1/2 months - paid aprox 1525 and sold at 2240. best p m flip i have seen to date as a stacker. thanks kitco, nice doing business with you. i will reinvest the usd in the kitco pool and use the profit to pay property taxes on the rental portfolio.

[forcho130]

well i sold my 10 oz rhodium, 5 (pool) and 5 physical bars to kitco. i held it a couple weeks too long and didnt sell on the top but still made a nice $700 profit each ounce bar on 10 ounces in 14 1/2 months - paid aprox 1525 and sold at 2240. best p m flip i have seen to date as a stacker. thanks kitco, nice doing business with you. i will reinvest the usd in the kitco pool and use the profit to pay property taxes on the rental portfolio.

Congrats on your trade! It's never a losing bet to cash out while you are ahead.

[blackdog69]

I got 25 ounces of rhodium (5oz Baird) I am confused on keeping or trading. I bought at $825, it is now $2500...but what is the future? I might trade for good old stable gold? Any thoughts? I don't need the cash right now.

[maxwellsilverhammer]

i sold my 10 ounces bought at 1500 sold for 2350 after all fees. i thought about holding out for 5k or higher, but any possible indicators i could find (if i read them right) indicated it was going to drop this year. i took profits and bought gold. dyodd. jmho

[maxwellsilverhammer]

well, **** me running/// i guess i should have kept it