Buy Rhodium Online from CBMint
Purchasing Rhodium Bullion
Rhodium, a precious metal, has increasingly been the target of investment. CBMint aims to be the best online rhodium dealer, and to meet this end, we feature a wide-range of rare and valuable rhodium bullion products. Rhodium, a platinum-group metal and so-called noble metal, is one of the rarest and most valuable precious metals and has only recently become available in bullion form for the investment markets. Rhodium bullion primarily exists in the form of rhodium bars. As of yet, rhodium coins and rhodium rounds are not significant players in the rhodium bullion markets, so buying cheap rhodium bars is the least expensive way to acquire the metal.
Rhodium, chemical element 45, is a lustrous, silvery metal that is inert against corrosion and most chemical attack, even at high temperature. These chemical properties make it extremely useful for many industrial applications, especially for automobile catalytic converter use, where over 80% of the produced rhodium ends up. Rhodium is found in the same ore deposits as most of the PGMs and is a minor and rare constituent of such ores. Indeed, most rhodium is produced as a byproduct of platinum mining -- it is simply not cost-effective to mine the ores just for their rhodium content. This rarity, combined with heavy industrial demand for this metal, has sent rhodium prices skyrocketing.
How Much is Rhodium Worth?
Unlike gold, silver, platinum, and palladium, rhodium does not have an ISO currency code and is, therefore, usually traded as a commodity. There does exist a rhodium spot price, but it is updated much less frequently than gold and silver spot prices. Rhodium is so rare that very little of it is traded on a daily basis, and published rhodium prices tend to remain locked in throughout the business day, unlike gold and silver prices which fluctuate throughout the trading day.
Buying Rhodium Bullion Online
The annual world production of rhodium is under 30 tons. Being a rare, precious metal, rhodium is naturally a target for bullion investment. Unlike the relatively common gold and silver, the tight supply of rhodium has brought about some wild rhodium price swings. For example, in early 2008 the price of rhodium briefly rose above $10,000 per ounce, yet by the end of the year the price had fallen to below $1,000 an ounce. Even small disruptions in the supply of rhodium can bring about large price surges. This fact gives investors who buy rhodium bullion online huge potential for large and rapid profits.
Previously, rhodium was hard to obtain in pure bullion form, but refiners have begun producing rhodium bullion bars for the bullion markets, most notably London-based Baird and Company. CBMint is the best place to buy rhodium online -- we have strong relationships with suppliers of this unique and exciting metal. When you buy rhodium bullion from CBMint you can take advantage of our lower prices and can add this excellent investment metal to your portfolio. If you have any questions about buying rhodium online, do not hesitate to Contact Us, or call us toll-free at 1-866-300-0504.