Rhodium Future

[blackdog69]

I bought my rhodium in 5oz Baird sizes at $820 a year ago. Now that rhodium is over $2,000 do I sell, if I don't need the money now? Any predictions on prices over the next 5 years?

[maxwellsilverhammer]

well, i bought 1 oz baird and pamp suisse bars at near 1500 and am holding tight believing it will move much, much higher. all p m's should move higher, this one i firmly believe will.

[sasksilver]

Tried finding them a few years back premiums we're so high I passed...crap. wonder how liquid physical is?

[maxwellsilverhammer]

i bought half to hold in bars. half to have as quick convertibility in kitco rhodium pool. the phys i hold will have to be sold back to the very few existing online dealers that buy/sell rhodium. from what i understand, stay away from rhodium sponge containers. very risky.

[motocat]

i bought half to hold in bars. half to have as quick convertibility in kitco rhodium pool. the phys i hold will have to be sold back to the very few existing online dealers that buy/sell rhodium. from what i understand, stay away from rhodium sponge containers. very risky.

Funny thing is -- Kitco will buy back 1 oz rhodium sponge containers for $50/oz more then the bars. I'm debating on selling some of my Baird bars (ugly looking things) - -wondering if maybe E-bay is the way to go, given current $250/oz buy/sell spreads? Or any buyers out here?

On "predictions" -- seems like NOBODY has any clue. If they did, you would think they would have bought up a big chunk of the supply when well under $1000/oz -- which was the case not to long ago. Or maybe someone did, is not talking, and now is getting ever richer? My theory -- anyone who really knows a very likely short term direction, is not going to talk about it, especially as free advice to strangers.

[maxwellsilverhammer]

Funny thing is -- Kitco will buy back 1 oz rhodium sponge containers for $50/oz more then the bars. I'm debating on selling some of my Baird bars (ugly looking things) - -wondering if maybe E-bay is the way to go, given current $250/oz buy/sell spreads? Or any buyers out here?

On "predictions" -- seems like NOBODY has any clue. If they did, you would think they would have bought up a big chunk of the supply when well under $1000/oz -- which was the case not to long ago. Or maybe someone did, is not talking, and now is getting ever richer? My theory -- anyone who really knows a very likely short term direction, is not going to talk about it, especially as free advice to strangers.

my understanding regarding the sponge is that when selling, you will get hit with a major recertification fee on the sponge if the labeling or seal on the container looks in the least bit tampered with, scratched, pulled or peeled loose, etc. they have to send back to the refinery to get the whole sponge inside tested for purity again. its like you have to handle the containers with kid gloves and that possible damage control aspect and cost of re grading was the deciding factor of my staying away from sponge.

[Artty]

Russian sanctions are finally kicking in.

[maxwellsilverhammer]

Russian sanctions are finally kicking in.

any links on this regarding todays rather large move?

[motocat]

Here Kitco's article on Rhodium:

http://www.kitco.com/news/2018-05-17...ls-Market.html

Apparently as I've read here before, the decrease in platinum mining (due to low value) is making Rhodium supply lower, however demand is also supposed to decrease in 2018.

The CPM group analyst "Christian" oddly states that Rhodium is easy to buy, hard to sell, and to stay away -- as the market is "opaque". Strange -- as you can sell Kitco's bars back to them, no problem, and the prices are quite clear for all to see. Maybe Christian needs to visit Kitco?

Then some of those who comment on the article note how there is now futures market for Rhodium -- that maybe this is why Rhodium can shine -- not so much "paper" Rhodium to suppress it's price?

Myself, I have no clue -- just buy low, sell high - now two platinum for 1 Rhodium -- hard to say no to that....and certainly those who have followed this rule when it comes to Rhodium over the years, and ignored all the chit chat, have made it BIG. I'm hoping platinum one day follows the way of Rhodium, as I could only get so into the most exotic PM of all here, while plat I've always been fond of.

[maxwellsilverhammer]

Here Kitco's article on Rhodium:

http://www.kitco.com/news/2018-05-17...ls-Market.html

Apparently as I've read here before, the decrease in platinum mining (due to low value) is making Rhodium supply lower, however demand is also supposed to decrease in 2018.

The CPM group analyst "Christian" oddly states that Rhodium is easy to buy, hard to sell, and to stay away -- as the market is "opaque". Strange -- as you can sell Kitco's bars back to them, no problem, and the prices are quite clear for all to see. Maybe Christian needs to visit Kitco?

Then some of those who comment on the article note how there is now futures market for Rhodium -- that maybe this is why Rhodium can shine -- not so much "paper" Rhodium to suppress it's price?

Myself, I have no clue -- just buy low, sell high - now two platinum for 1 Rhodium -- hard to say no to that....and certainly those who have followed this rule when it comes to Rhodium over the years, and ignored all the chit chat, have made it BIG. I'm hoping platinum one day follows the way of Rhodium, as I could only get so into the most exotic PM of all here, while plat I've always been fond of.

yes, well, i am delighted so far with my rhodium. up 35% since my buy in oct 2017. still holding tight. wanting to see a repeat of history here upwards to 10k. we shall see. if that does happen, i buy another property with the funds.