Rhodium Powder

[philo beddoe]

Sounds very tempting....Kitco is now selling potential to triple in price in a short time
http://www.kitco.com/rhodium/

[philo beddoe]

bump I would much prefer a coin...I can just imagine spilling powder on the floor

[bkfm]

The cohen mint has rhodium coins, I have ordered from them before and received what I ordered. Long delivery time though. http://www.rhodiumcoin.com/

[j-son]

The only issue I see with this product is possible resale.
Obviously kitco would be a potential buyer of their own product in the future.
What about local dealers or other dealers?
Also it might be helpful if kitco has their buy price listed on this product
so buyers know what amount of loss to expect on the initial purchase.

If the buy price is a few hundred less than the sell price it might make a difference for people purchasing it.

I like the idea of owning physical rhodium. I also always like to plan my exit strategy with investments.


Just my two grains of rhodium fwiw


For selling back to Kitco, here's an excerpt from Kitco Rhodium - Terms and Conditions
Quote:3.5.2 Kitco Rhodium Chain of Integrity Broken
The Kitco Rhodium Chain of Integrity will be considered broken in the following situations:

•The Customer takes possession of the physical product or arranges storage with a storage facility other than a Kitco Recognized Storage Facility, with the seal remaining intact. Kitco agrees to purchase Kitco Rhodium Sponge at 95% of the Kitco Rhodium Pool bid price.
•The Customer takes possession of the physical product, and tampers with the seal. Kitco agrees to purchase Kitco Rhodium Sponge at 80% of the Kitco Rhodium Pool bid price, less a $250.00 assay fee per bottle.