How much is Rhodium worth?

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Did you know that there is a precious metal worth MORE than gold?

Yep, it’s called Rhodium. (Ro-Dee-Um)

Rhodium is currently priced at $1,725 per ounce. (at the time of this article)

At one point in 2008, Rhodium spiked to over $10,000 an ounce…

Personally, I had no idea what Rhodium was until I began to invest in silver. I heard about Rhodium while browsing the web and couldn’t believe that I hadn’t heard of it sooner.

What is it used for?

Rhodium is used to harden platinum and palladium. Rhodium is also used as an electrical contact material because it has such a low electrical resistance and it is very hard for it to corrode. Lastly, it is common to see Rhodium in car converters and used in jewelry such as rings and necklaces- the jewelry is usually only plated in Rhodium, however.

As far as investing goes, I have already boarded the silver bandwagon and simply cannot afford to invest in Rhodium. Although it is at a “low” price right now at $1725 an ounce… it far too rich for my blood.

ALL ABOARD THE SILVER TRAIN! Invest in silver! icon smile How much is Rhodium worth?

Moneysniffer

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