Is Rhodium falling back to earth?

[motocat]

At these levels, it would be hard to sell Rhodium because it is unaffordable. If direct buyers run dry, I suggest trading it for collections or some other expensive items to off load it.

I see bid at $6K an ounce. Just a few months ago it was over $10K. If it is now to expensive to sell directly to retail buyers (no point in using dealers given the buy-sell spread), I say no point in ever getting Rhodium bullion, as it is at these higher levels the low buyers should be selling at. And do remember, at over 10K, even most dealers were no longer buying the bars, given the limits on selling to refiners. Anyone on this forum sold Rh at over $10/oz?

[darkseid1998]

I see bid at $6K an ounce. Just a few months ago it was over $10K. If it is now to expensive to sell directly to retail buyers (no point in using dealers given the buy-sell spread), I say no point in ever getting Rhodium bullion, as it is at these higher levels the low buyers should be selling at. And do remember, at over 10K, even most dealers were no longer buying the bars, given the limits on selling to refiners. Anyone on this forum sold Rh at over $10/oz?

I was lucky to have gotten $8500 for my last 10 bars through Endeaver Metals and $5500-$7500 for my first 5 in $500 increments each consecutive bar through kitco. Endeaver metals tries to match you up with a buyer and sometimes they offer cash or sometimes they make a trade.

[motocat]

I was lucky to have gotten $8500 for my last 10 bars through Endeaver Metals and $5500-$7500 for my first 5 in $500 increments each consecutive bar through kitco. Endeaver metals tries to match you up with a buyer and sometimes they offer cash or sometimes they make a trade.

Yup, lucky to sell before over $10K (when it was hard to sell to anyone). I myself sold to Kitco as their buy back went over $3,000 -- and I don't feel so bad about that. I guess anyone into Rhodium needs to check out Endeaver? (I did not know about them -- really nice of them to try and match up sellers-buyers of less common PM's).

[noggin]

Whats the sentiment guys?

Who's betting on rising demand?
Who's betting on decreased supply?
Who's betting on the world as we know / knew it changing forever?
interesting times or business as usual?