Price of Rhodium? Are you Kidding Me?! - Survivalist Forum
Survivalist Forum

Advertise Here

Go Back   Survivalist Forum > >
Articles Classifieds Donations Gallery Groups Links Store Survival Files


Notices

Financial Forum Economics and Precious Metals

Advertise Here
Similar Threads
Thread Thread Starter Forum Replies Last Post
Price increase on Ball lids? Weedinhoe Food and water 9 09-05-2017 02:01 PM
A good knife for every price under $100 - List panoz77 Knives, Swords & Axes 19 07-31-2017 08:59 PM
What's a fair price for a #10 can sealer? AGreyMan Food and water 3 03-27-2017 03:16 PM
Ltd. time: Lowest LifeStraw price PLUS your choice of cool Freebies! JC Refuge Safecastle 28 11-16-2016 12:52 PM

Reply
 
Thread Tools Display Modes
Old 03-22-2019, 10:46 AM
albertjohnson's Avatar
albertjohnson albertjohnson is offline
CabinBuilder/Author
 
Join Date: Oct 2008
Location: Yukon
Posts: 1,915
Thanks: 1,187
Thanked 3,983 Times in 949 Posts
Default Price of Rhodium? Are you Kidding Me?!



Advertise Here

Back about 3 years ago, rhodium was around $500 an oz, being the low class sister of gold.

If you told most people, even gold bugs, that rhodium is above $3000 an oz today, they'd think you were nuts. The price of it is going Billy Jack berserk. Up $1000 an oz in the last 5 months. Back in 2008 it was $10,000 an oz!! Yes, there is a rhodium coin.

They say, demand is fueling it.​ Could it be foretelling us something about gold?

http://www.infomine.com/investment/m...s/rhodium/all/
Quick reply to this message
The Following 3 Users Say Thank You to albertjohnson For This Useful Post:
Old 03-22-2019, 02:27 PM
Chuckleberry's Avatar
Chuckleberry Chuckleberry is offline
Limited Tolerance Member
 
Join Date: Aug 2016
Location: NoDak
Posts: 3,411
Thanks: 5,200
Thanked 8,060 Times in 2,597 Posts
Default

`

Metals have been out of whack for a while IMO. Platinum under $850 while gold is north of $1300. Palladium is a bit higher than gold, though it started the day almost $100 higher than gold. The gold to silver ratio is crazy. Either gold is seriously over valued right now or silver is under valued. Either way I'm mostly stacking silver.

.
Quick reply to this message
The Following 7 Users Say Thank You to Chuckleberry For This Useful Post:
Old 03-22-2019, 02:32 PM
rriley rriley is offline
Hunter
 
Join Date: Jul 2013
Posts: 1,928
Thanks: 0
Thanked 2,339 Times in 1,148 Posts
Default

Quote:
Originally Posted by albertjohnson View Post
Back about 3 years ago, rhodium was around $500 an oz, being the low class sister of gold.

If you told most people, even gold bugs, that rhodium is above $3000 an oz today, they'd think you were nuts. The price of it is going Billy Jack berserk. Up $1000 an oz in the last 5 months. Back in 2008 it was $10,000 an oz!! Yes, there is a rhodium coin.

They say, demand is fueling it.​ Could it be foretelling us something about gold?

It is telling you something about gold!
Quick reply to this message
The Following User Says Thank You to rriley For This Useful Post:
Sponsored Links
Advertisement
 
Old 03-22-2019, 02:33 PM
rriley rriley is offline
Hunter
 
Join Date: Jul 2013
Posts: 1,928
Thanks: 0
Thanked 2,339 Times in 1,148 Posts
Default

Quote:
Originally Posted by Chuckleberry View Post
`

Metals have been out of whack for a while IMO. Platinum under $850 while gold is north of $1300. Palladium is a bit higher than gold, though it started the day almost $100 higher than gold. The gold to silver ratio is crazy. Either gold is seriously over valued right now or silver is under valued. Either way I'm mostly stacking silver.

.
The gold silver ratio is irrevelent.
Quick reply to this message
Old 03-22-2019, 02:44 PM
FalconsBravesHawks FalconsBravesHawks is online now
Survivor
 
Join Date: Jul 2011
Location: Georgia
Age: 44
Posts: 3,910
Thanks: 12,791
Thanked 7,152 Times in 2,516 Posts
Default

Quote:
Originally Posted by rriley View Post
The gold silver ratio is irrevelent.
its a benchmark, a standard, predictor of the future...and definitely irrelevant
Quick reply to this message
The Following User Says Thank You to FalconsBravesHawks For This Useful Post:
Old 03-22-2019, 02:51 PM
Corpus Corpus is online now
Survivor
 
Join Date: Feb 2013
Posts: 2,004
Thanks: 1,624
Thanked 3,098 Times in 1,349 Posts
Default

Iíd guess itís tied to hi tech. I donít know if itís used in computers and such but Iím pretty sure it used to be used to plate silver jewelry to prevent tarnishing so it would probably be great for contacts.
Being in the platinum family itís probably also used in catalytic converters.
Quick reply to this message
The Following 2 Users Say Thank You to Corpus For This Useful Post:
Old 03-22-2019, 05:11 PM
rriley rriley is offline
Hunter
 
Join Date: Jul 2013
Posts: 1,928
Thanks: 0
Thanked 2,339 Times in 1,148 Posts
Default

Quote:
Originally Posted by FalconsBravesHawks View Post
its a benchmark, a standard, predictor of the future...and definitely irrelevant
If the gold silver ratio is a predictor of the future you guys should be multi millionaires, are you?
Quick reply to this message
Old 03-22-2019, 05:46 PM
Mere_Man's Avatar
Mere_Man Mere_Man is offline
Probably Dislikes You
 
Join Date: Sep 2014
Location: Reality
Posts: 6,785
Thanks: 23,338
Thanked 35,567 Times in 5,733 Posts
Default

Gold and silver are going to skyrocket beyond anyone's imagination and I'll be back to pull up old naysayer's posts to throw it in their faces.
Quick reply to this message
The Following 2 Users Say Thank You to Mere_Man For This Useful Post:
Old 03-22-2019, 06:34 PM
rriley rriley is offline
Hunter
 
Join Date: Jul 2013
Posts: 1,928
Thanks: 0
Thanked 2,339 Times in 1,148 Posts
Default

Quote:
Originally Posted by Mere_Man View Post
Gold and silver are going to skyrocket beyond anyone's imagination and I'll be back to pull up old naysayer's posts to throw it in their faces.

Your message is the mantra we always hear from the fanboys.

If you really believe in skyrocketing prices mortgage your house and sell your car to get long gold and silver otherwise it's the same old chatter we read all the time.
Quick reply to this message
The Following User Says Thank You to rriley For This Useful Post:
Old 03-22-2019, 06:36 PM
rriley rriley is offline
Hunter
 
Join Date: Jul 2013
Posts: 1,928
Thanks: 0
Thanked 2,339 Times in 1,148 Posts
Default

Quote:
Originally Posted by Corpus View Post
Iíd guess itís tied to hi tech. I donít know if itís used in computers and such but Iím pretty sure it used to be used to plate silver jewelry to prevent tarnishing so it would probably be great for contacts.
Being in the platinum family itís probably also used in catalytic converters.
Here is the valuation rationale:

https://www.energy.gov/sites/prod/fi...0Resources.pdf
Quick reply to this message
The Following User Says Thank You to rriley For This Useful Post:
Old 03-22-2019, 08:57 PM
fistfulladirt fistfulladirt is online now
Survivor
 
Join Date: Sep 2013
Posts: 2,196
Thanks: 2,677
Thanked 2,149 Times in 1,108 Posts
Default

Quote:
Originally Posted by Mere_Man View Post
Gold and silver are going to skyrocket beyond anyone's imagination and I'll be back to pull up old naysayer's posts to throw it in their faces.
Sweet! I been waiting for years!
Quick reply to this message
Old 03-22-2019, 09:37 PM
AZ_HighCountry AZ_HighCountry is offline
Survivor
 
Join Date: Dec 2017
Location: High country of Arizona
Posts: 7,048
Thanks: 1,760
Thanked 23,296 Times in 5,797 Posts
Default

Considering everything Rh is used for I would consider it a much better investment at the present time than any of the cryptocurrencies.
Quick reply to this message
The Following 3 Users Say Thank You to AZ_HighCountry For This Useful Post:
Old 03-23-2019, 10:01 AM
albertjohnson's Avatar
albertjohnson albertjohnson is offline
CabinBuilder/Author
 
Join Date: Oct 2008
Location: Yukon
Posts: 1,915
Thanks: 1,187
Thanked 3,983 Times in 949 Posts
Default

The last time this happened, Rh hit its high of 10,000/oz in about late 2008, gold was about $750 at that time. Then just over 2.5 years later, gold hit about $1900.

Rhodium seemed to predict golds 'high' with a between 2.5 and 3 year lag. Course we don't know what Rh's high will be yet, it's still moving up. It could still triple from here.


No hard science, past performances don't necessarily work, but something to think about.
Quick reply to this message
Old 03-24-2019, 11:38 AM
advantagecp advantagecp is offline
Member
 
Join Date: Jan 2016
Posts: 75
Thanks: 65
Thanked 79 Times in 40 Posts
Default

Quote:
Originally Posted by AZ_HighCountry View Post
Considering everything Rh is used for I would consider it a much better investment at the present time than any of the cryptocurrencies.
I would consider almost any tangible item to be a much better investment than any of the cryptocurrencies.
Quick reply to this message
Old 03-24-2019, 02:13 PM
country_boy country_boy is offline
Hunter
 
Join Date: Feb 2014
Location: Alabama
Posts: 1,399
Thanks: 50
Thanked 1,140 Times in 661 Posts
Default

Quote:
Originally Posted by Corpus View Post
Iíd guess itís tied to hi tech. I donít know if itís used in computers and such but Iím pretty sure it used to be used to plate silver jewelry to prevent tarnishing so it would probably be great for contacts.
Being in the platinum family itís probably also used in catalytic converters.
No, silver conducts almost as well oxidized- for jewlrey, itís cosmetic.

Rhodium is used mostly in catalytic converters. Itís also used in the nuclear industry for neutron dttectors in the core of the reactor ( Rh absorbs the neutron, them undergoes Beta dacay- if insulated you can measure the current to map the core neutron flux.)

Itís also used with platinum, for very high temperature thermocouples.

Itís also used as an industrial plating due to its extreme corrosion resistance..
Quick reply to this message
Old 03-24-2019, 03:43 PM
tractorfarmer123 tractorfarmer123 is offline
Prepared
 
Join Date: Nov 2015
Posts: 348
Thanks: 59
Thanked 358 Times in 166 Posts
Default

Gold and silver are fairly easy to test to be sure you have the real thing with cheap acid test kits. I would have no clue how to test a bar of rhodium, platinum, or palladium. And at almost $3,500 for an ounce bar of rhodium, it would be easy to get burned on that. But there are a few for sale.
Quick reply to this message
The Following User Says Thank You to tractorfarmer123 For This Useful Post:
Old 03-24-2019, 11:07 PM
xstuntman xstuntman is offline
Hunter
 
Join Date: Dec 2011
Location: west Texas
Age: 55
Posts: 1,352
Thanks: 2,126
Thanked 2,356 Times in 832 Posts
Default

Silvers been suppressed more so than gold because they gotta keep the working man in over printed fiat. But if gold starts running to correction?

Take a deep breath and then consider how far silver will then move if the gold/silver ratio returns to its historical of 15:1 or 10:1? Impossible you say, yet here we are watching rhodium take a moonshot.

Also consider JP Moron. Do you think they're stacking physical the last several years because they predict it to have little future value?

I believe "this time is different" is coming.
Quick reply to this message
Old 03-24-2019, 11:34 PM
charliemeyer007's Avatar
charliemeyer007 charliemeyer007 is online now
reluctant sinner
 
Join Date: Jan 2011
Location: Rent Free in your head
Posts: 13,993
Thanks: 33
Thanked 24,124 Times in 8,874 Posts
Default

Platinum is a wonderful catalyst. Nitric acid is made using it. Platinum and Iridium are the 2 hardest metals to separate.

I like Silver. Best used as high temp solder or in colloidal form. I read that during the civil war, wounded troops that had Silver foil for part of the dressing had a radically higher survival rate. At one period of time Silver Nitrate drops were put into a newborns eyes in case mom had VD.

There a whole slug of expensive rare earth metals, some with very interesting properties.
Quick reply to this message
Old 03-25-2019, 07:33 AM
countryfree countryfree is offline
Prepared
 
Join Date: Aug 2013
Posts: 279
Thanks: 63
Thanked 285 Times in 136 Posts
Default

One must consider the ease of selling after SHTF. There will always be a market for silver coins, I'm not so sure about Rhodium.
Quick reply to this message
The Following User Says Thank You to countryfree For This Useful Post:
Old 03-25-2019, 09:11 AM
FalconsBravesHawks FalconsBravesHawks is online now
Survivor
 
Join Date: Jul 2011
Location: Georgia
Age: 44
Posts: 3,910
Thanks: 12,791
Thanked 7,152 Times in 2,516 Posts
Default

Quote:
Originally Posted by rriley View Post
If the gold silver ratio is a predictor of the future you guys should be multi millionaires, are you?
I worded that wrong...but many investors use historical performances to guesstimate what the future will hold. Past trends, etc. It works without a doubt sometimes, but not always. It's one of many ways investors try to gain an edge. In a nutshell we are all guessing what will happen in the future since anything can really happen.

I'm married with young kids, I will never be a multimillionaire...well, on my own anyways
Quick reply to this message
The Following User Says Thank You to FalconsBravesHawks For This Useful Post:
Reply

Bookmarks



Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Survivalist Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
Gender
Insurance
Please select your insurance company (Optional)

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 04:49 PM.


Powered by vBulletin®
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Optimisation provided by DragonByte SEO (Lite) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
Copyright © Kevin Felts 2006 - 2015,
Green theme by http://www.themesbydesign.net