Investing in Rhodium
Is Rhodium investment something you might be interested in? Remember buy-and-hold and day trading? Today the mantra is stock options. On the precious metals front, which many consider to be the only real money, it is investing in rhodium instead of gold, silver, platinum and palladium. Even Kitco chief columnist Nadler who is very negative on gold and silver and somewhat neutral on platinum and palladium, is promoting Rhodium investment. Current asking price for an ounce is $2,800 USD. As you can see from the chart below, it stood around $10,000 USD in June/July 2008, and, according to some observers, poised to rise again. Now you can buy a little jar of pure rhodium powder like the one shown from Kitco. You can invest in 1-, 5- or 10-ounce Rhodium sponge. Each contains nothing but .999+ fine rhodium and is protected by a tamper-proof seal, feature clear indications of the contents including net weight, purity and a serial number. Each bottle also comes with a full Certificate of Analysis issued by an independent third party, that attests to the chemical properties of the rhodium it contains. As you can clearly see these sponges are produced by Johnson Matthey.
Why would you be investing in Rhodium? I honestly do not know. Unlike gold, silver, platinum and even palladium that are quite liquid and known, Rhodium is very obscure metal. It is quite possibly the rarest precious metal and is probably far more valuable than gold. But so are many other things. Once it was a purely industrial commodity. Today, thanks to a rather large promotional campaign, it is fast becoming a top-choice investment.
Rhodium is a rare - 100 times rarer than gold, silvery-white, hard and chemically inert transition metal and a member of the platinum group. It has the chemical symbol Rh and atomic number 45. Only 25 tons of rhodium are mined each year, and demand usually outstrips supply. It was discovered along with palladium by British chemist and physicist William Wollaston in 1803.
Investing in Rhodium may be a good idea if you consider the fact that South African mines supply 70% of global production and you cannot build a clean fossil-fuel burning conveyance without it. Right now there is no substitute and none is likely to appear in the foreseeable future. We all heard about problems with electricity in South Africa and the rhodium market was projected to be in a deficit of over 60,000 ounces. If you do decide to pursue you Rhodium investment, proceed with caution as the price can be very volatile. The picture below shows the powder that you can buy from Kitco.
Thu Jun 3, 2010 11:06PM | Copyright: www.bad-credit-advisor.com | More in Gold Investing | Comments (0)
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