We chase gold & silver. What about Palladium or Rhodium = Up near a grand now
Welcome guest, is this your first visit?
Member
Discoveries
 
Results 1 to 4 of 4
  1. #1
    Charter Member
    us
    Mar 2013
    SW, VA - Bull Mountain
    CTX, Excal II, EQ800, Fisher 1260X, Tesoro Royal Sabre, Tejon, Garrett ADSIII, Carrot, Stealth 920iX, Keene A52
    13,466
    18469 times
    Digging in the dirt & scooping in the water!

    We chase gold & silver. What about Palladium or Rhodium = Up near a grand now

    I really don't know anything about the value of other metals. These are mined items probably, but how would you identify it and then how to sell it. Seems there are all kinds of treasures.

    Scrap Gold Weight Conversion and Melt Value Calculator

    Incidentally, that's a pretty good app you come to if you've never seen it before - carats and spot and weight and you have a current value.
    Republic of Vietnam 10/69 - 3/71, Cambodia April 27, 1970 on a mountain top with HUGE scorpions

    "'He jests at scars who never felt a wound'" c.s.lewis - 1940

    The Ten Commandments: http://www.godstenlaws.com/ten-comma.../#.UdAz65yynZg

    The Bill of Rights: http://billofrightsinstitute.org/fou...ill-of-rights/

    The Constitution: http://www.archives.gov/exhibits/cha...ranscript.html

  2. #2
    Charter Member
    us
    Mar 2013
    SW, VA - Bull Mountain
    CTX, Excal II, EQ800, Fisher 1260X, Tesoro Royal Sabre, Tejon, Garrett ADSIII, Carrot, Stealth 920iX, Keene A52
    13,466
    18469 times
    Digging in the dirt & scooping in the water!
    Republic of Vietnam 10/69 - 3/71, Cambodia April 27, 1970 on a mountain top with HUGE scorpions

    "'He jests at scars who never felt a wound'" c.s.lewis - 1940

    The Ten Commandments: http://www.godstenlaws.com/ten-comma.../#.UdAz65yynZg

    The Bill of Rights: http://billofrightsinstitute.org/fou...ill-of-rights/

    The Constitution: http://www.archives.gov/exhibits/cha...ranscript.html

  3. #3

    Apr 2008
    3,620
    451 times
    Problem with both of these metals is the premiums for physical are far too high and the buy/sell spread is huge. Much of your profit can get eaten up in the transaction to sell them.

    As palladium gets too expensive you could seem them re-tool the emissions systems to utilize more platinum if that price stays lower. It used to be that way but when palladium was so cheap they switched to that metal to save costs, now it is high. Possibly the Russian reserves have been depleted so the price is going higher in the future.

    I don't have enough cash to buy PGMs, but I would opine platinum is the best of the three right now for long term. Platinum used to be worth far more than gold for many years.

    As far as Rhodium goes, there is only 1 brand of bar sold. None of my local stores sell them anymore and none advertise that they will buy them. For Rhodium you would do better in futures if you think the price will go up. Same spread problems as palladium and far fewer choices of physical metal. I used to own some Rhodium bars but I started getting paranoid that one day when I tried to sell they would not buy them locally and I would be stuck.

    EDIT:

    Actually I saw that Pamp and others now make Rhodium bars along with Baird, the one company I knew of back when I owned mine. Perhaps there will be more liquidity in these bars, which could make me re-think buying some.

    Rhodium's function in the catalytic process is different than palladium and platinum if I remember right. It is used in much smaller amounts than Pd or Pt so there might be price inelasticity (price going up doesn't slow down buying of commodity like normally would) if producers require it.

    Just my opinion.

    Jim
    Last edited by jim4silver; Apr 05, 2017 at 07:42 PM.
    R.I.P. Rich Hartford

  4. #4

    Apr 2008
    3,620
    451 times
    Check out rhodium's chart from 2008, where it went up to $10,000 per ounce!

    Rhodium, The Most Precious Precious Metal? :: The Market Oracle ::'

    Jim
    R.I.P. Rich Hartford

 

 

Home | Forum | Active Topics | What's New

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Gold, Palladium & Silver!
    By Coastie59 in forum Beach and Shallow Water
    Replies: 3
    Last Post: Jul 31, 2014, 02:57 PM
  2. Me and my Amigo - 11 hour hunt - GOLD SILVER PALLADIUM
    By biggmike in forum Beach and Shallow Water
    Replies: 18
    Last Post: Jul 25, 2014, 08:47 PM
  3. BIG Silver, Gold Watch Fob, Nickel Grand Slam and More!
    By metaldetectingtaylor in forum Today's Finds!
    Replies: 11
    Last Post: Apr 08, 2012, 10:35 AM
  4. Is the lock (silver)and is the bracelet (rhodium)?
    By slayer7 in forum Today's Finds!
    Replies: 14
    Last Post: Feb 04, 2010, 07:51 PM
  5. Gold Tops $1,200 as Dollar Declines; Silver, Palladium Jump
    By jeff of pa in forum Precious Metal Prices
    Replies: 6
    Last Post: Dec 02, 2009, 11:00 AM
Powered by vBadvanced CMPS v4.3.0