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Peakoil.com :: View topic - Rhodium Hits $10000/ounce
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Rhodium Hits $10000/ounce

 
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mattduke
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Joined: Oct 28, 2005
Posts: 1501

PostPosted: Thu Jun 26, 2008 7:12 pm    Post subject: Rhodium Hits $10000/ounce Add User to Ignore List Reply with quote



Just $400 5 years ago
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3aidlillahi
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Joined: Mar 25, 2008
Posts: 804
Location: Alif Lam Mim

PostPosted: Thu Jun 26, 2008 7:16 pm    Post subject: Re: Rhodium Hits $10000/ounce Add User to Ignore List Reply with quote

Man. I always think back and wonder what it'd be like to have invested an ounce or two in rhodium or even silver just a few years ago. I'd not have to worry much about financial issues.

I don't suppose there's a chance that any of my coins are xx% (non-0's) rhodium, huh? Sad
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canis_lupus
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Joined: Apr 07, 2005
Posts: 225
Location: West of Chicago

PostPosted: Thu Jun 26, 2008 9:39 pm    Post subject: Re: Rhodium Hits $10000/ounce Add User to Ignore List Reply with quote

Ok, I'll ask the question that everyone's thinking:

What in the wide, wide world of sports is rhodium?
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eric_b
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Joined: Jan 14, 2005
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PostPosted: Thu Jun 26, 2008 9:47 pm    Post subject: Re: Rhodium Hits $10000/ounce Add User to Ignore List Reply with quote

an element, apparently among the most expensive
http://en.wikipedia.org/wiki/Rhodium
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startswithearthquakes
Tar Sands
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Joined: May 27, 2008
Posts: 93

PostPosted: Thu Jun 26, 2008 9:53 pm    Post subject: Re: Rhodium Hits $10000/ounce Add User to Ignore List Reply with quote

Seriously??? I have a shoebox full of this crap in the basement!!!
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MrBill
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PostPosted: Fri Jun 27, 2008 1:53 am    Post subject: Re: Rhodium Hits $10000/ounce Add User to Ignore List Reply with quote

I would not invest in Rhodium because they supported Apartheid before Robert Mugabe came to power.
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3aidlillahi
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Joined: Mar 25, 2008
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PostPosted: Fri Jun 27, 2008 2:17 am    Post subject: Re: Rhodium Hits $10000/ounce Add User to Ignore List Reply with quote

MrBill wrote:
I would not invest in Rhodium because they supported Apartheid before Robert Mugabe came to power.


LOL I was not expecting that from you, Bill. Very good.
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MrBill
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PostPosted: Fri Jun 27, 2008 2:55 am    Post subject: Re: Rhodium Hits $10000/ounce Add User to Ignore List Reply with quote

It was a late night and I am still mourning Russia's unceremonious exit from the UEFA Euro2008 cup against Spain (0:3). I am glad it is Friday. Germany against Spain on Sunday. Have a great weekend! ; - ))
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mobil1
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Joined: Jun 20, 2008
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Location: Quebec/Ottawa, Canada

PostPosted: Fri Jun 27, 2008 10:24 pm    Post subject: Re: Rhodium Hits $10000/ounce Add User to Ignore List Reply with quote

Rhodium, among other uses, is used in some catalytic converters and is used as a coating (or electroplate) on white gold and platinum jewelry.

It is shinier than platinum or white gold, looking a bit like polished chrome and reflecting 80-85% of light instead of 60-65% with platinum, which looks greyer next to Rh.

Rh is also tougher than gold or platinum. I believe it alternates with rhenium for most expensive metal.

Yeah, $440 per ounce 5 years ago, $10,000 now. And was even cheaper long ago.


Hmm, now I'm wondering how much Rh my wifes ring has... Wink
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