Tuesday, May 11, 2010

Investing in Rhodium

Open your eyes, what's in the jar?

Rhodium is a precious metal from the platinum essential to the automobile industry. It comes mostly from South Africa and Russia.

Jon Nadler, senior Analyst at Kitco, was interviewed on BNN about Rhodium, a precious metal that is easily airborne, stick to clothing, and is traded in sealed containers!

Interestingly, the also discusses that gold is overpriced (GLD), and gold should drop to between $680 and 800. Watch interview.

Track precious metals etfs live here.

PLTM is an ETF that has at least 90% of total assets in common stocks that comprise the ISE Global Platinum Index, "currently containing 25 companies that provide a benchmark for investors interested in tracking public companies that are active in Platinum Group Metals mining based on revenue analysis of those companies. Platinum group metals include Platinum, Palladium, Osmium, Iridium, Ruthenium and Rhodium. Component securities must be actively engaged in some aspect of the industry such as mining, refining or exploration"

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