The spread on the Kitco Rhodium pool is huge. What does this indicate?
The spread on the Kitco Rhodium pool is huge. What does this indicate?
indicates a lack of liquidity and a slow market. Do you think rhodium is in for another run? Because a murderous spread can be hard to stomach, especially in a downtrend.
I don't know enough about the applications of rhodium to have an informed opinion. However, if you want to buy low and sell high I'd take rhodium over gold based on the charts alone. If GM needs rhodium it might be worth picking up.
What is the most economical way to invest in rhodium?
I understand there is nothing like gld out there, so far as I know. I really don't want physical and see that it isn't really available.
The Kitco Pool account is the only way to invest in rhodium that I am aware of... To get physical, I suspect you would need to place a large order.
You actually can get physical, but it was $3,000 / oz last time I looked.
http://www.rhodiumcoin.com/
about $2,800 / oz if you just buy one of the 1 gram coins. There might be one other place that has them, I'll look.
http://www.elementsales.com/ecoins.htm
about $2,800 / oz if you get their 5.3 gram coin.
Last edited by Ag gnostic; 09-30-2009 at 11:49 AM.
AgoraPhobic?