Rhodium predictions and is now a time to invest?

[midiman]

Hi I invested in Rh around this time last year. It was more or less at the bottom of the market.

The first three oz's I purchased have more or less doubled in price. And I,ve also made a profit on the other three oz's I purchased in Apr 09.

I only wished I initially purchased 20 oz's this time last year.

Now I,m even more cautious about investing in it.

There is a potential to lose, now that it has risen. But its still a long way off from were it has been in the past.

What do you think?

[Kookcollector]

Hi I invested in Rh around this time last year. It was more or less at the bottom of the market.

The first three oz's I purchased have more or less doubled in price. And I,ve also made a profit on the other three oz's I purchased in Apr 09.

I only wished I initially purchased 20 oz's this time last year.

Now I,m even more cautious about investing in it.

There is a potential to lose, now that it has risen. But its still a long way off from were it has been in the past.

What do you think?

I think it is pretty risky at this juncture. It's always subject to heavy government manipulation but if you look at the past 10 year history, it wasn't worth all that much and then it rapidly moved up to around $11,000 without warning.

This leads me to believe that the whole "run up thing" was just a scam. In other words a few investment banks (or scam artist) just ran the price up very high, hoping to attack investors interest.

Then, once they had sold off thousands of ounces at those extremly high prices, then it's time to lower the wrecking ball and break the news to all the investors: 'I'm sorry but you've been had".

L.O.L.

No, I think the $11,000 business was just a scam.

[chrisiden]

i like RH but i think its way out of my league..
last year i traded my gold eagles for platinum and did well..
probably will be trading my platinum and taking silver eagles..
i will play it safe now..all my risk taking is over..
as i had borrowed money on a cc to purchase... i wouldnt do it again...as its just too much stressing especially if your metal moves downwards..

[midiman]

i like RH but i think its way out of my league..
last year i traded my gold eagles for platinum and did well..
probably will be trading my platinum and taking silver eagles..
i will play it safe now..all my risk taking is over..
as i had borrowed money on a cc to purchase... i wouldnt do it again...as its just too much stressing especially if your metal moves downwards..

I know what you are saying as I done the same. But I,ve just paid off my CC.

Last year we played it safe. But if you want to make some money we gotta take risks.

[chrisiden]

I know what you are saying as I done the same. But I,ve just paid off my CC.

Last year we played it safe. But if you want to make some money we gotta take risks.

i agree.. as the greater the risk the greater the reward..
but i did not tell you what my loan was...
actually i borrowed 50% equity of my home..
boy was i lucky.. i can pay back the loan now will decided to let my coins ride hopefully in higher territory..
my loan is 6.35% and not a problem...
keeping fingers crossed for all metals to at least double by summer time...

[midiman]

Wow that was a bit risky.

The housing market is showing strength again in the UK. But most homeowners are sitting on huge debt. So who knows what is going to happen if the creditors start coming for the money.

Housing prices could plummet in the UK by 5%-10% or more.

I purchased 5oz's extra RH pool yesterday.

I,m praying that they break even by this time next year.

We need a good year of metals

[chrisiden]

i think this year and especially next year will be great for all metals... especially if war breaks out (i hope not but it happens) and when the auto industry improves...dollar devalues...
im feeling good today cause all the metals are up and singing!

[Carssman]

i agree.. as the greater the risk the greater the reward..
but i did not tell you what my loan was...
actually i borrowed 50% equity of my home..
boy was i lucky.. i can pay back the loan now will decided to let my coins ride hopefully in higher territory..
my loan is 6.35% and not a problem...
keeping fingers crossed for all metals to at least double by summer time...

Thats insane!!!!!

[Ag gnostic]

I couldn't figure out why it jumped that high in the first place. It seemed like it was the fear of a shortage that might have caused Ford to start buying as much of it as they could that caused it.

I don't know if that will happen again. I don't imagine the people in charge of the decision at Ford to start buying it up made it lightly, so they had some reason for doing it, I just don't know what it was.

(Don't take my word for this, though. I had a somewhat hard time in trying to figure out why it spiked & I think I'm relaying things that might be hearsay).

[HeathKit]

[QUOTE=Kookcollector;885121]I think it is pretty risky at this juncture. It's always subject to heavy government manipulation but if you look at the past 10 year history, it wasn't worth all that much and then it rapidly moved up to around $11,000 without warning.


The scenarios which allowed this acute price action to occur, included a flooding of Rh onto the open market by some unseasoned yee hawh at one of the big 3 auto (investment dept.) Research it a bit, it's around.