Shifting Premiums?

[tays2930]

Hi all,

I'm new here....was wondering why the premium for Kitco Rh purchase was $100 over bid price a couple weeks back, then after a big slump last week the premium was $200 over bid. Today it's $150 over bid. So what gives? Thank you for your help!

[maxwellsilverhammer]

no idea, i had a similar question and tried contacting kitco without any response. only thing i can say is good lord, can i catch a break. i dont even have delivery yet and wont for another 10 days on 5 ounces of rhodium that i bought as it was soaring up by about 400 in 5 days. then as soon as i ordered it C R A S H ... now i am losing about a thousand every 2 days. what a screwed up bunch of crap

[Davidwd]

Baird are selling at GBP 1350 and buying back at 1040, thats a huge premium!!!!

[motocat]

I just noticed the bid-ask spread for Rhodium (spot) is now only $150/oz, while it was $200/oz for some time. Anyone know why? (However --buy sell spread on 1 oz baird bars still over $200/oz, while Kitco pool spread has matched the $150 bid-ask spread).

Kitco is buying back the bars at $1575 -- bars that were $600 something not much more then a year ago -- time to sell -- or more upside to come? (With buy sell spreads at or above $200/oz -- I've been holding out to sell at $2000+ -- when that premium will represent no more then 10% of cost).

[maxwellsilverhammer]

motocat, i am just happy that kitco is now buying back a little over what i bought into for. i am not selling at $2k, but think there is going to be a huge upswing and am holding out for that. no reason that it doesn't go back to the 10k mark like a few years back. if that happens (maybe even at $8k) i will sell a portion of my rh and get my purchase price back and let the rest ride. jmho.

[motocat]

motocat, i am just happy that kitco is now buying back a little over what i bought into for. i am not selling at $2k, but think there is going to be a huge upswing and am holding out for that. no reason that it doesn't go back to the 10k mark like a few years back. if that happens (maybe even at $8k) i will sell a portion of my rh and get my purchase price back and let the rest ride. jmho.

Any reason to believe there will be a "huge upswing"? Especially given the big drop down to near $600 (and I did not buy given the premiums) -- I'm thinking of unloading -- at what are prices several hundred per oz above what I got them at. They are a very small part of my PM savings, and I would keep just for novelty -- however, the Baird bars are just not that nice looking, so do plan on trading for other metals at some point - only question is now -- or wait till $2000/oz? Is now as good as it will get relative to gold or platinum? Anyone knowwhy the bid-ask spread has gone down?