Armed Polite Society

Main Forums => The Roundtable => Topic started by: K Frame on March 30, 2006, 10:51:46 AM

Title: Damn... Ah damn....
Post by: K Frame on March 30, 2006, 10:51:46 AM
A couple of years ago a friend tried to convince me to invest in rhodium at about $240 an ounce. He was sure he would make his money back...

I thought it would be like the silver I hold... A long period of stagnation...

So, he and his wife and parents bought close to 400 ounces of rhodium.

Rhodium today is trading in the $4,200 an ounce range.

Sigh...
Title: Damn... Ah damn....
Post by: mfree on March 30, 2006, 11:30:10 AM
Keep your eyes out on the science/technology news front for new technologies requiring odd metals. The rare earth metals are, well, more rare, and if there's a sudden demand, then there's your profit Smiley

Rhodium's likely trading that high because IIRC it's an essential ingredient in fast lightoff catalytic converters for cars, along with platinum and palladium.
Title: Damn... Ah damn....
Post by: Justin on March 30, 2006, 12:12:07 PM
I've never even heard of the stuff.
Title: Damn... Ah damn....
Post by: The Rabbi on March 30, 2006, 12:37:08 PM
Well, my dad a'h used to tell me about a great real estate opportunity he missed out on.  He was taking a vacation in Cuba c.1958 and staying in a little pension on the beach.  The proprietor was trying to get him to invest in a sure thing--a resort project on the Isle of Pines off the coast of Cuba.  He declined.
I would be a much better investor if I used a rear view mirror.  Most of us would.  No use crying about it.
Rhodium, fwiw, is a platinum-group metal, similar to palladium.  I think the Germans have used it in the past to plate guns on occasion.
Title: Damn... Ah damn....
Post by: Brad Johnson on March 30, 2006, 01:54:55 PM
Rhodium. Is that like streetium, pathium, or interstatium?

(or could it be that I'm just bored-ium?)

Brad
Title: Damn... Ah damn....
Post by: 280plus on March 30, 2006, 02:47:31 PM
Ha ha ha,,,very funnium...

I thought Rhodium was Marium Richardsium's best friend? Always wears a bandana around her head?

Oh wait, that would be Rhoda-ium...

rolleyes
Title: Damn... Ah damn....
Post by: grampster on March 30, 2006, 02:53:33 PM
Arrrrghium
Title: Damn... Ah damn....
Post by: Sindawe on March 30, 2006, 03:13:22 PM
Shoot, did'nt you guys take ANY chemistry in school?
Title: Damn... Ah damn....
Post by: K Frame on March 30, 2006, 03:32:05 PM
Bitemeum...
Title: Damn... Ah damn....
Post by: Sylvilagus Aquaticus on March 30, 2006, 08:46:03 PM
It doesn't have to be metals. I bought coffee futures back in the mid 90's before Brazil had an unexpectedly bad freeze.

I do kick myself mentally for not buying cobalt in the early 80's, though.

Regards,
Rabbit.
Title: Damn... Ah damn....
Post by: 280plus on March 31, 2006, 12:57:51 AM
I think Mike discovered a new element...
Title: Damn... Ah damn....
Post by: Mabs2 on March 31, 2006, 07:14:03 AM
That'll come back and hit you in the balls everytime.
Title: Damn... Ah damn....
Post by: Strings on March 31, 2006, 07:48:36 AM
Mike: what address do i send the bill for the new keyboard? "Bitemeum"...
Title: Damn... Ah damn....
Post by: Brad Johnson on March 31, 2006, 07:50:07 AM
Quote
Bitemeum...
Okay, I don't care who y'are - that there's funny right there...

Brad