The Other Precious Metals: Part IWhen people think of investing in precious metals, what immediately comes to mind are gold and silver. A few will also remember platinum and palladium. However that's not the full story. There are quite a few rare metals which are largely ignored by the media and are therefore almost never considered by any investor. It's interesting to learn how we got to this point.
Yes, standard precious metals still provide an inflation hedge, but the Central Bankers can sell their stockpiles or short sell futures contracts when the market overheats in an attempt to suppress metal prices. Finally when each inflation cycle slows, the metal markets drop. The large banks, which are experienced in this process, can buy back their stockpiles on the cheap. If hyperinflation sets in, governments often confiscate precious metals - which somehow always seem to then find their way back into the hands of the Central Bankers.
Precious metals are certainly still one of the best ways for small investors to protect their savings. That's especially apparent in recent years. However, the Banking Establishment responses described above do create significant difficulties for small investors.
This history was my starting point to research "other rare metals." The first fascinating thing you'll learn about other rare metals is that you are not allowed to buy them. Call up the very limited number of refining conglomerates which dominate the market. Ask, as an investor, to buy rhodium, iridium, indium, etc. It is simply not for sale to investors at any price in any quantity. Sure that's an apparent violation of anti-trust law, but regulations haven't been much of a hindrance in corporate America for decades.
have might coated in a microscopically thin layer of rhodium.
Lastly, the Establishment attempts to control the conversation surrounding precious metals. We are told they are a bad choice, but if you are going to invest you only have four metals to choose from. The tiny minority of people who look past those four metals are then geared towards the rare metal rhodium. While rhodium certainly qualifies as a rare metal useful to investors, it is no more so than a dozen other unmentioned choices. The difference is that rhodium is largely monopolized by the same mining conglomerates which control the other platinum group metals. Thus, rhodium is available in a very limited number of investment options approved by the conglomerates which dominate production. There is a rhodium ETF (not available to Americans) run by Deutsche Bank and physical rhodium is available for purchase and resale through www.kitco.com. The remaining rare metals are ignored or occasionally ridiculed as investment vehicles in the Establishment media.