Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.I published a short post on rhodium during the holidays – a time when many readers were away. I have therefore decided to run it again in updated format.
I have been fairly vocal about my bullish view on precious metals for quite a while. And with yesterday’s surge in prices, I am quite content to ride my positions. However, adding to one’s holdings at decent prices has become problematic as most of the corrections have been shallow, not really affording proper buying opportunities.
Is paper money headed for obsolescence, swept aside by the meteoric rise of Bitcoin? Is the controversial cryptocurrency the harbinger of a golden age of e-commerce, where all transactions are electronic, frictionless and not under the control of central banks? It’s not hard to come to that conclusion given some of the recent hype.
But there’s also plenty of evidence that the whole crazy phenomenon is a bubble about to pop, especially if you’ve been following developments in China.
By Katchum:Rhodium is a metal in the platinum group metals group (PGM) that nobody really knows about in the investor world. It isn't traded online through futures, while gold, silver and platinum are. You can only buy this metal physically through dealers which makes this metal perfectly unmanipulated.
By Richard Bloch:Every once in awhile you read an article about investing in rhodium, which is one of the platinum group metals, probably the third most well-known PGM after platinum and palladium. I suppose that investors might look at a chart of rhodium prices and wonder if it will soar past $10,000 an ounce again. It could, but that doesn’t make it a good investment idea. The market is very thin and rhodium is not a commodity suitable for most investors. There are three reasons why.
LONDON — Canada is adopting a G8 initiative that would require companies to disclose any payments they make to foreign governments, Prime Minister Stephen Harper announced Wednesday in London at a meeting with oil, gas and mining executives.
“Canada is recognized as a world leader in promoting transparency and accountability in the extractive sector both at home and around the world,” Harper said in a statement.
Andrew Wilkinson submits: The week begins with a mix of worries. U.S. earnings season kicks off after Monday’s close and although investors are inwardly optimistic, such optimism isn’t necessarily carried over from some of the recent economic data released.