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Old 03-22-2019, 09:46 AM
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Default Price of Rhodium? Are you Kidding Me?!



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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/
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Old 03-22-2019, 01:27 PM
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`

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.

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Old 03-22-2019, 01:32 PM
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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!
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Old 03-22-2019, 01:33 PM
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`

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.
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Old 03-22-2019, 01:44 PM
FalconsBravesHawks FalconsBravesHawks is offline
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The gold silver ratio is irrevelent.
its a benchmark, a standard, predictor of the future...and definitely irrelevant
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Old 03-22-2019, 01:51 PM
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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.
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Old 03-22-2019, 04:11 PM
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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?
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Old 03-22-2019, 04:46 PM
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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.
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Old 03-22-2019, 05:34 PM
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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.
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Old 03-22-2019, 05:36 PM
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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
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Old 03-22-2019, 07:57 PM
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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!
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Old 03-22-2019, 08:37 PM
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Considering everything Rh is used for I would consider it a much better investment at the present time than any of the cryptocurrencies.
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Old 03-23-2019, 09:01 AM
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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.
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Old 03-24-2019, 10:38 AM
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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.
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Old 03-24-2019, 01:13 PM
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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..
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Old 03-24-2019, 02:43 PM
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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.
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Old 03-24-2019, 10:07 PM
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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.
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Old 03-24-2019, 10:34 PM
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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.
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Old 03-25-2019, 06:33 AM
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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.
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Old 03-25-2019, 08:11 AM
FalconsBravesHawks FalconsBravesHawks is offline
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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
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