Wow, I remember back in Early 2004 I saw it was at $650 an oz. I looked at the chart and saw that it used to be $2300 an oz. I almost bought it. Too bad I didn't as it has gone up over 450% in just 2 years. It's now at $3030.
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Wow thats amazing. I guess you can always say I wish about any great investment oppourtunity you miss. Would have been a nice investment to make though.
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Rhodium is a silver-white metallic element, is highly resistant to corrosion, and is extremely reflective. It is used as a finish for jewelry, mirrors, and search lights. It is also used in electric connections and is alloyed with platinum for aircraft turbine engines. Another use is manufacturing of nitric acid and used in hydrogenation of organic compounds. Rhodium usage is dominated by autocatalyst applications where it is used together with platinum and palladium to control exhaust emissions
catalytic converter in cars.
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Last edited by platinum87 : 01-17-2006 at 10:21 PM.
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* Ron Paul for President
Wow, I remember back in Early 2004 I saw it was at $650 an oz. I looked at the chart and saw that it used to be $2300 an oz. I almost bought it. Too bad I didn't as it has gone up over 450% in just 2 years. It's now at $3030.
Wow, thats like a 92% Drop in 6 months. I wonder what caused the drop. I'm going to have to look into this.
Platinum is also at almost the same price as gold now. This could be caused by the drop in auto manufacturing.
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Rhodium at over $3000 an Ounce
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