How much do you know about rhodium? Did you know it’s more than one-hundred-and-fifty times rarer than silver? Rhodium also boasts the title of world’s most expensive metal, with prices topping 10,000 dollars per ounce in 2008. Even today, the price of rhodium holds strong. Read on to learn why rhodium is fast becoming the most sought-after precious metal for investors.
Indigo Precious Metals is a leading company in the sale and storage of precious metals. Our world-class, high-security vault in Singapore is one of the most secure facilities in the world. The ideal location to keep your investments safe from theft, loss, and damage. You can visit our website at www.indigopreciousmetals.com for live pricing and all the latest news.
Rhodium: The Facts
Rhodium bullion also tends to have a much cleaner, matte finish than its silver cousin. A hundred times rarer than gold, rhodium fulfills a vital role in the automotive industry. Automakers use it to produce catalytic converters for cars, alongside other metals like gold and silver. It’s a fact that more than 80% of annual rhodium production helps produce catalytic converters in most automobiles. This makes it a far more lucrative investment opportunity than either gold or platinum. For those interested in investing, take our expert advice. Invest in your future with rhodium!
One of the platinum group metals, rhodium sits alongside other rare and valuable precious metals like platinum palladium, iridium, osmium, and ruthenium. The one factor that all these precious metals have in common is their overlapping chemical properties, such as high density, and similar physical characteristics. Rhodium is extremely valuable in the electronics industry for making components that appear in everything from phones to computers. With similar applications in jewelry and medical equipment, rhodium is one of the most widely-utilized precious metals on earth. Moreover, rhodium is far rarer than any of the other platinum group metals. Experts estimate that there are only 0.0002 parts per million in the entire world. So, little is found in the earth’s crust that mining companies can’t harvest the metal from the ground alone. Most of the world’s rhodium appears as byproducts of other metal ores like platinum and nickel.
Investing in Rhodium
At Indigo Precious Metals, we trade multiple precious metals, including rhodium. Only recently has rhodium purchase and trade become a serious practice among investors. Unavailable for purchase through ETFs or futures, there was virtually no way of getting your hands on the metal. Furthermore, with so little in existence and insufficient mining technology, even physical rhodium was out of reach for years. It was only in 2009 that the Cohen Mint first produced a .999 fine investment grade bullion bar. This was no easy task, as rhodium’s extremely high density and melting point make it extremely difficult to mint. These days, however, rhodium is more readily available. At Indigo Precious Metals, we offer 1-ounce and 5-ounce bullion bars, for large and small investments. As one of the world’s top companies dealing in precious metals, we can also store your purchases in our high-security Singapore-based vault. For all your investment and storage needs, look no further than Indigo Precious Metals.