That's the worst loss on a precious metal I've ever seen...

[Manedwolf]

Auto manufacturing, I think. But holy crap. If you had any just last year, look how much profit you'd have missed out on by not selling back then! That's like playing Baccarat!

[charby]

well when it goes back down to the 10 year low scoop some up :)

[Manedwolf]

well when it goes back down to the 10 year low scoop some up :)

It's hard to get unless you want solutions or sputtering targets. Not exactly pretty.

There's pools, but they seem to kind of shaft you on profit.

[Brad Johnson]

Hey, at least gas is down a little today.  We might actually see $1.65 over the weekend.

Brad

[Antibubba]

Rhodium is not a precious metal.  It's an expensive industrial metal.  With the industries that needed it in the toilet, there is something of a surplus.

[Ryan in Maine]

Maybe we could get the price of rhodium back up if the government would be swayed to nuclear power. I think folks ought to be more receptive of the technology now.

[Manedwolf]

Rhodium is not a precious metal.  It's an expensive industrial metal.  With the industries that needed it in the toilet, there is something of a surplus.

It's traded in pools by places like Kitco along with gold, silver, platinum and palladium, so it's somewhat considered an investment-grade metal. Or was.

A metal that spiked from under $400 an ounce to over $10,000 an ounce sure got investors' attention there for the time.

[Unisaw]

I believe that Rhodium is used in catalytic converters.

[Manedwolf]

I believe that Rhodium is used in catalytic converters.

Yes, among other things. That is the reason palladium tanked as well.

[Antibubba]

It is also used as a hardener in gold alloys for jewelry.  People are buying less bling.