Where Can I Buy Rhodium Coins Rhodium Bullion?

I want to Buy Rhodium Coins!

Many people ask about buying rhodium coins or rhodium bullion. To make the answer short: there are no rhodium coins or bullion. This is not to say you can't invest rhodium, but it's not as easy as gold or even palladium.

Sheet Rhodium

There are a few reasons why they don't make rhodium coins or rhodium bullion:

• Rhodium: rare. There are only 25 tons of it mined per year
• Rhodium: brittle. If it were in coin or bullion form, it could easily break.
• Rhodium: expensive. An ounce it would costs thousands of dollars. Rhodium reached $10,000 for 1 oz this year, I'd imagine that a coin would have had a 10% premium. It is only $1300 for 1 oz now, but if they had them, they wouldn't be selling for any less than $3000
• Rhodium: popular. No one really knows what rhodium is. If governments were to make a coin with 90-some percent rhodium, there would be very little interest.

Pure Rhodium

Uses for Rhodium, What Uses Rhodium?

What uses rhodium? Rhodium is a good conductor and catylist. Rhodium used in special types of wire and is mixed in most catalytic converters in cars. In fact, it can be salvaged from these catalytic converters and sold, if you can find a buyer. Jewelry makers use rhodium. Rhodium coating on jewelry makes cheap jewelry shine as well as platinum or palladium jewelry. Rhodium is expensive, but they use such a fine coat if it that it's worth next to nothing. TIP: put Windex on a paper towel and rub it on some cheap rhodium-coated jewelry. You'll see rhodium on the paper towel!

Rhodium Pictures: I want Rhodium Photos!

I added a few rhodium pictures to this page. The top picture shows you the white, silvery shine of a sheet of rhodium. The next picture is pure rhodium in it's raw, but non-powder form. Below you have rhodium wire, and rhodium-plated ring. There is a lot of rhodium-plated jewelry. I ring or a necklace can be a cheap rhodium as $5.00. You won't get much rhodium off it though!

Rhodium Wire

Rhodium-Plated Ring

Rhodium Coins Coming Soon!

Rhodium Price and Rhodium Volatility

This blog is dedicated mainly to palladium, however, you could say it's a "volatile precious metals site." The more volatile the metal, the less popular it is. In order of volatility, and popularity, are these metals: Au, Ag, Pt, Pd, and then, rhodium.

Of the preceding when dealing with price, rhodium bullion is generally the most expensive. As I write this it's exactly $1050 an ounce. It was $1100 a couple days ago. The platinum price is right around there too, but, when rhodium moves, it moves! It never moves less than $50 at a time. It was $750 in December. When Au climbed from $850 to $1000 the price Rhodium price jumped from $750 to $1100.

Rhodium Coin and Rhodium Bars

What does a rhodium coin look like? Well, I don't know, they've never been made. Rhodium bars don't yet exist, nor to rhodium coins. Wouldn't it be nice to buy a 1 oz rhodium coin or 1 oz rhodium bar? I thought so too, but you can't. The only way you can buy it is in its raw, flake form, called rhodium sponge (rhodium article with pictures). If you were to buy rhodium 1 ounce, it would likely be in a plastic container, similar to how they sell Au flake, but it there would be some small particles and some broken pieces.

Rhodium Pieces

Au Flake in Vials (C481025A-77-t.on-C23-94)

Small Rhodium Mint

However, today I talked to a guy who owns a small mint, and his company is working to make rhodium coins! Rhodium one ounce coins would be ideal, and while possible, he said a one gram rhodium coin is more likely. The coins will be rhodium bullion coins, though, and they will not have much numismatic value, i.e., they'll be very similar to rhodium bars, which also don't exist.

Rhodium Bullion Coins Availability

He assured me that the invest rhodium coins will be ready for sale within a few months! He also said that by then the spot rhodium price might be over $2000 (It's around $1000 today). However, the buy rhodium online is the price of only a contract that you own the metal. To actually take delivery of the metal you must pay fabrication charges since for a rhodium mint is very difficult. And, these charges will be 170% of the spot price rhodium invest. Ouch! I hear that there are 1 oz rhodium coins and rhodium bars available made by other, smaller mints, but as of now I have no reliable information. I've sent out a couple emails and am waiting for a response!

Rhodium: Physical Properties

The owner of the mint told me that physical rhodium isn't as brittle as people say it is. Sure, it will break if you take a 1 ounce rhodium piece between two pair of pliers and bend, but it won't break if you drop in from a couple inches on a wooden table. So, it can be made into 99.99% pure rhodium bullion, but it just costs more than the other metals. (This reason, BTW, is likely why it's so hard to find palladium near spot prices.) So, the rhodium bullion coins will be available, but shipped within plastic cases to keep those who are less careful from breaking them

What Will the Rhodium Bullion Coin Look Like?

Like I said, it's not a government making the coin, it's a small melter--a small company--and it will have the company name on it. They will be 1 gram, not one ounce. That's disappointing, but good in a way, as we can only spend a little money to own rhodium bullion. One gram is really tiny. They'll be smaller than a dime by far. And, while I do know the name of the company and what the coins will likely look like, as I've seen their other coins, as of now, until they're out, I can't leak that information. Sorry guys!

Bullion Rhodium Price

If these coins were available today, dividing the spot price of an ounce ($1050) by 31.1 (31.1g=1 oz), we get around $33/gram. However, remember I said we have to pay 170% melter's fee? (It's not that they're greedy, it's actually that they had to put a lot of work into melting rhodium bullion down.) So, 1.7 x $33 = $56. So, for now, $56 per tiny 1 gram coin. If you buy 31 of these, you'll have an ounce, and it will cost you $1700. If rhodium doubles by then, you pay double that.

Let's hope I have enough spare cash to get some of these when they're out! I'll let you know! Thanks for looking!

1 Ounce Rhodium Bar Coming Soon!! (1 oz rhodium bar)

1 Ounce Rhodium Bar Coming Soon!! (1 oz rhodium bar)

MARCH 16, 2010 UPDATE: Sorry guys, I lied. These 1 ounce bars are not available and have for nearly a year said "coming soon." I'm sorry to disappoint everyone with the following article.

----------(original article follows)------------

That's right, folks, our friends over at Cohen Mint are planning to release a 1 oz rhodium bar within the next month!

Cohen Mint is by far the front runner in the rhodium coin market. In fact, the company has no rivals. If you're looking to invest in rhodium you either invest in stocks of a nickel mining company that has palladium, platinum, and rhodium as by-products, or you invest in a company like Stillwater Palladium Mining or Impala Platinum which also pulls some rhodium out of the ground, but neither of which focuses on rhodium (note: I haven't researched how to invest in stock of companies that mine rhodium, so understand that there may be more ways than I mention).

But, in the spring of 2009 Cohen Mint started producing one gram rhodium coins! Now, we're going to get a quarter of 1 ounce rhodium coins and 1 ounce rhodium bars! Here are a few photos of the current 1 gram rhodium bullion coins.

Front of 1-Gram Rhodium Bullion Coin

Rear of One Gram Rhodium Coin

To read all about the 1 gram rhodium coins which
have been available most of 2009, click here.

One Ounce Rhodium Bullion Bar

The proposed 1 ounce .999 rhodium bar looks like it will be pretty nice looking! I like the design and love that it will be double stamped. What I mean by this is that the sheet of rhodium will be stamped on the front, after which it will be stamped on the back. Some bullion bars are only stamped on one side and while they are worth the same (the weight of the metal, the back sides aren't shiny).

The new Cohen Mint 1 Ounce Rhodium bar will have a small stamp showing Eitan Cohen's design of a night on the horse. This is a good choice because it's the same design that's on the front of the one gram rhodium coins. As you can see in the photo the proposed stamp will also state the chemical symbol of rhodium, RH, "Cohen Mint," "1 OUNCE TROY," and "RHODIUM .999 FINE."

1 Ounce Rhodium Bullion Bar

The rear of the coins take some styling from other bullion products, such as the Engelhard Silver Bars (see left). Engelhard has versions where the rear if the bullion bar has "ENGELHARD" imprinted into the bar. The angle of the writing is quite stylish. However, as you can see in the photo to the left, the bar has the rest of the bar stamped so that "ENGELHARD" is raised above the surface of the bar, similar to the date printed on the coins in your pocket. While this is more attractive, due to the intricate detail of the design, I'm expecting the marks will be recessed into the bar. But the Cohen Mint has surprised us in the past, so we'll see!

Quarter of 1 Ounce Rhodium Coin (1/4 oz Rhodium Coin)

When you hear the Cohen Mint is going to make a 1 ounce rhodium bullion bar, you're excited. But when you go the site, there's a surprise waiting for you: the Cohen Mint will also make a 1/4 ounce rhodium coin!

The 1/4 ounce rhodium bullion coin will look similar to the 1 gram rhodium bullion coin pictured above, however, since the coin is about seven times the weight it will have approximately twice the surface area of the 1 gram coins. To put this into perspective, if the one gram rhodium coin is a dime, the 1/4 ounce will be a quarter (no, that isn't the exact size, but similar).

And below you can see the proposed design. Very nice looking coins. We're hoping these will have less of a premium for fabrication costs because, it takes approximately as much work to make a 1 gram coin as it takes to make a quarter ounce rhodium coin or a 1 troy ounce rhodium bar.

Quarter Ounce Rhodium Coin (1/4 oz Rhodium Coin)

1 oz Rhodium Bar Pricing

I haven't contacted Eitan Cohen about pricing. He is, as you can guess, a very busy man! When the 1 gram rhodium bullion coins came out they were priced at $90 when rhodium was around $1500. Now that rhodium is around $2300, the coins are selling for $125.

For my prediction, I'm guessing the 1 ounce bars will be around $2900 with rhodium at the price its at today. I would say the 1/4 coins will be around $800. Now don't quote me or plan on these prices. These are my guesses and I wouldn't be shocked if I were off by as much as 20%.

UPDATE: the 1/4 ounce rhodium coins are selling for around $880 and the 1 ounce bars are $3300.

Rhodium Supply & Rhodium Demand

2007 Rhodium Demand Increase

Rhodium demand has been steadily increasing nearly each year in the 2000s. The total demand rhodium in 2007 was 856,000 ounces. Overall demand increased by about 2%.

Auto-Catalyst Rhodium Demand

The demand for rhodium from the auto sector alone was 879,000 in 2007, a 2% increase from 2006. This increase was mostly due to increased automobile production in China, India, and Russia. Keep in mind that in 2007 the auto-industry hadn't yet felt the full shock of our current economic crisis. Demand also grew in North America largely due to the production of medium sized diesel engines.

In Japan demand fell since, due to the rhodium price trading $5-7000 per ounce, car makers used stockpiles of the metal instead of buying more. Europe is producing more and more light duty diesel engines which may use little to no rhodium. Therefore demand in Europe fell as well.

Rhodium Price Chart Through 2007 (2009 Chart Available Below)

Recycle Rhodium

Notice that the auto sector required 879,000 ounces of the metal whereas supply in 2007 was just 856,000 ounces. The supply is met considering that 183,000 oz of rhodium were recycled, mostly from used catalytic converters.

Rhodium Production Glass Sector

Rhodium demand edged up less than 1% in the glass sector. In North America and Europe some glass factories have shut down. But in Asia and India demand increased for flat panel TVs and computer monitors, thus increasing worldwide demand in this sector overall. Demand would have increased more had some manufacturers not substituted platinum, which was trading about 20% the rhodium price, for some production.

Invest in Rhodium Demand

There has never been much of a demand for investment rhodium. Part of the reason is that rhodium is fairly brittle by comparison to gold or even palladium and that stamping into a coin would cause the coin to crack a bit. It was available in rhodium dust, called rhodium sponge, however, this generally wasn't available to the general public. However, rhodium coins are now available as the Cohen Mint will soon be making rhodium bullion coins for investment. If you want to read more about nonexisting rhodium bars and other type of rhodium investing, there are several links in this rhodium article.

2007 Rhodium Supply Increase

The supply Rhodium increased by 3% to 822,000 ounces worldwide. The two main countries producing rhodium, however, showed slight decreased output. In South America less PGM ore was mined therefore overall rhodium production decreased. Russian production fell slightly as well. Since Russia is so valuable a rhodium mine country, shipping interruptions are a main factor that helped push the rhodium price to nearly $7000 in 2007.

Notice how Rhodium Continued to Rise and Dropped in Summer 2008

(Charts courtesy of Kitco. Rhodium information is from Johnson-Matthey in their 2008 "Platinum" report)

Collection of Rhodium Articles

Where to Buy Rhodium and How to Buy Rhodium

We are growing our articles regarding rhodium coins, rhodium bullion, rhodium bars and pretty much anything dealing with investing in rhodium, expanding on our idea of a "rare precious metals site."

Click here to search articles containing the word rhodium. The articles will all open on the same page lined up under one another. Below are the individual articles about rhodium:

• "Rhodium Coins Are Here!"
• "Palladium Density, Coin Dimensions" (includes rhodium density, etc.)
• "Rhodium Coins Coming Soon!"
• "Where Can I Buy Rhodium Coins Rhodium Bullion?"
• "World's First .999 Rhodium Coin: Interview with Eitan Cohen of Cohen Mint"
• "Rhodium Bullion Coins, Cohen Mint Interview Update"
• "Rhodium Supply, Rhodium Demand"
• "Interview with Eitan Cohen (Topic: Rhodium Coins)"
• "Rhodium on the Rise!"
• "1 Oz Rhodium Bar & 1/4 Ounce Rhodium Coins in Dec 2009!"
• "Behold! 1-oz Rhodium Bar in My Hands! (2011)"
  

Check back, because there will be many, many more to come. Heck, if you have something to share and moderate writing skills, send us a mail and help build our collection!

(rhodium invest rhodium, new rhodium coin, rhodium spot price, rhodium price, rhodium coins, rhodium bullion)

Interview with Eitan Cohen of Cohen Mint - Topic: Rhodium Coins, Rhodium Bullion Coins

Buy-Palladium.blogspot.com apologizes for the one-month wait for this interview. Now it's finally here for all to enjoy! Tom, founder of Buy Palladium has interviewed Eitan Cohen, owner of Cohen Mint. The occasion for this special interview is the announcement by Mr. Cohen that he was able to perfect the formula to fabricate coins out of one of the world's rarest, most expensive metals--rhodium.

Rhodium has never been coined until now, so in short, this is big news for collectors and investors worldwide. For some background info regarding the importance of what you're about to read, click here for a list of Buy Palladium's posts regarding this very imporant metal rhodium. Also, click here for the Cohen Mint site to its broad inventory of investment grade bullion and coins.

The Interview

(Interview with Eitan Cohen of Cohen Mint - Topic: Rhodium Coins, Rhodium Bullion Coins)

Tom of Buy-Palladium.blogspot.com - Mr. Cohen, I thank you so much for taking the time to join us at Buy-Palladium.blogspot.com for this interview.

Eitan Cohen of Cohen Mint - I’m glad to be here, Tom. Thanks for having me today.

Buy Palladium - I know that many of our readers here at palladium.blogspot.com have been overly anxious to hear about and get their hands on the brand new rhodium coins. Personally I haven’t been this excited about a coin in a long time! But before we get into that, can you tell us how it came about that Eitan Cohen would start his own mint?

E. Cohen - I get this question a lot, it’s a topic I think many people find fascinating.

As a child, there were two factors about me that later came together to make a company such as this one possible. First, I was a collector of coins. My mother and I would walk on lazy summer days to one of the few coin shops in Brooklyn where I would spend an hour or more gazing at all the interesting gold and silver coins that I couldn’t possibly afford. I had some crinkled dollar bills in my pocket that I had saved up from my allowance and bought as much with it as I could. I would spend most of the walk back holding these treasures from generations past in my hands, my mind a million miles away. To this day each and every one of those coins sits safely in an album, tucked away for all these years.

The second factor about my personality was my insatiable need to take my toys apart, put them back together, see how things worked. It wasn’t enough for me to know how something functioned, I had to get my hands dirty figuring it out. It was during one of these times that at age 11 I minted my first coins out of a curiosity to see the process happen. As the years went by and I became older my interests faded and were replaced by other ones, but the knowledge remained.

Many years later, as the business continues to grow and thrive, I look back at my childhood and I know that the seeds of this company were planted way back then.

Buy Palladium - Minting coins at age 11! I guess childhood dreams do come true. Wow. Now, rather than us seeing the usual 1 oz gold or silver coins from Cohen Mint, a quick look at the Cohen Mint website shows that you specialize in very small coins as well as being the only mint to coin some of the rarer precious metals. Could you explain why Cohen Mint takes on this special niche?

E. Cohen - In the beginning I tried many different approaches to this business, and I found that the larger sizes were very well represented by other, larger manufacturers. It would have been impossible for a no-name at the time to break into that market. Small sizes, however, were very underrepresented, and it was a niche that I was able to fill rather well. I was able to communicate to the average Joe very well, because like him, I came from modest means. There are very few people who can afford to tie up a thousand dollars in a small ounce of gold, although there are plenty of folks who would like to own some of the yellow metal. I made it possible for people to invest in the precious metals they wanted where before they were completely shut out.

Buy Palladium - Yes, I can imagine the hefty price tags of an ounce of gold, platinum, or even palladium would price many investors out of market. But a gram or a ¼ gram would be much more reasonable. Now tell me about some of these rarer metals. Most of our readers have never even heard niobium or tantalum, but you are already selling .999 pure investment grade coins and bars made from these metals. You can’t tell me there is a lot of interest from investors in these rare products?

E. Cohen - Actually, the response from our customers has been great. The Tantalum and Niobium coins represent metals that are critically important to today’s industry, metals that are extremely rare and cannot be substituted for by cheaper substances. Prices have been steadily rising and making bullion coins was just a natural progression from that.

The items on our copper page are some of our best selling products, believe it or not.

Buy Palladium - What about palladium? At buy-palladium.blogspot.com, often, rather than investing in gold or silver, our readers are interested in investing in the rarer metals like palladium and platinum. What do you have to offer these investors?

E. Cohen - Palladium is a key product that we offer our customers. There are few choices out there for people who want to get some exposure to palladium. You wither buy one ounce bars – or you buy one ounce coins. Talk about selection! That’s like having only one political party to choose from, not very American! Our Cohen Mint ¼ Gram Palladium bullion coins are immensely popular. They’re inexpensive, they’re very well made, and they satisfy a hunger for the metal without breaking most people’s budget. We offer price breaks on bulk purchases and most people take advantage of that. It’s a great product.

Buy Palladium Coins From Cohen Mint Here

Buy Palladium - So you’ve really made palladium ownership available to a much larger group of people. What would your advice be to anyone who really doesn’t have a lot of cash but wants to invest in precious metals?

E. Cohen - Look, not having a lot of money to invest is nothing to be ashamed of, especially in this economy when everyone is hurting. With family, the house, kids, and a car, most of us want to do the right thing and prepare for the future, but we get intimidated by the prices of commonly available bars and coins out there.

What people need to know is there is an alternative. The Cohen Mint has been producing world class precious metal bullion coins for over 5 years in sizes that anyone can afford. The quality of our bullion is equal to that of the United States mint and other major facilities throughout the world. What makes us different is we are the nation’s only direct manufacturer to consumer bullion maker, so we can sell at prices no one else can. Anytime you buy precious metals from anyone else you are buying from a middle man, and paying the premium for it. With the Cohen Mint it’s only you, and us.

About the Rhodium Bullion Coins

(Rhodium Coins, Rhodium Bullion Coin)

Buy Palladium - Well, okay, for a while now on Buy-Palladium.blogspot.com we’ve been discussing Rhodium Bullion Coins which actually never existed. Then back in February I wrote “Rhodium Coins Coming Soon” and leaked to the world the coins will be available Summer 2009. Since then lot of readers have been anxious to buy some. Cohen Mint is now the only mint to produce Rhodium Coins. First of all, why rhodium?

E. Cohen - Actually, there is a very important reason why. Of the six Platinum Group Metals (PGM’s) the three that are most economically important to mankind are Platinum, Palladium and Rhodium. Of those three, Platinum and Palladium are available to investors in physical form. Bars of these metals are common and easy to get. The big missing piece of this puzzle is Rhodium. Why aren’t there any Rhodium bars or coins just like the other two metals? Once I began asking myself this question, and doing some research, I began to understand that there was a good reason why no Rhodium bullion ever existed until we made some a few weeks ago.

For starters, its an extremely rare and valuable metal, there just isn’t much of it available on the planet. If you compare it to a more common precious metal, like platinum for instance, there are thousands of tons of platinum in existence today, and hundreds more is being mined every year. Rhodium doesn’t exist in such quantities. There may be 50, 100 tons in total in existence, with some meager amount mined and added to this figure each year. This is an extremely low figure, and nearly all of it is tied up in manufactured goods, like catalytic converters, and other industrial products. There are not tons of Rhodium bars sitting in a warehouse somewhere, it’s a few grams here, a few there, spread out across the globe. Yet it plays such a vital role in our society.

Buy Palladium - I think it’s wonderful that we now have the option to own such an important investment metal. Now, I’ve always assumed that rhodium is too brittle to be made into coin form. How were you able to accomplish this?

E. Cohen - Rhodium does happen to be extremely difficult to work with. Normally, to coin a metal, there is a standard procedure used. A metal ingot is rolled into a sheet, blank discs are punched out, and those disks are then stamped between dies at enormous pressures to produce coins. Its pretty straight forward. You can’t do that with Rhodium. Rhodium is very brittle, so when you try to roll it the metal will flake and crack. If you manage to achieve a sheet somehow, the sheet will fracture when you attempt to punch blanks out of it. If you manage to achieve a blank, it will resist the dies pressing onto it and will probably shatter, and may very well shatter the dies.

This is why no Rhodium bullion coins or bars have ever been created before. Not because no one would want one, but because no one could figure out how to make them. So the demand grew, unsatisfied, year after year. But as they say, where there is a will, there is a way. Naturally, using the normal process for coining wasn’t going to work, so we had to come up with a completely different process. After consulting with many experts, and doing many expensive experiments here at our facility, after a long time we were able to perfect a process to make beautiful, attractive pure Rhodium metal coins – a feat no one has yet been able to achieve. In a few short weeks when our coining dies come back from our die maker they will be commercially available.

Buy Palladium - I can hardly wait! How are the coins going to be shipped, will they be packaged in protective sleeves like other similar products?

E. Cohen - The coins will be shipped in sealed plastic coin slabs, exactly like those used by the common grading services PCGS and NCG. The Rhodium coin will be attractively and securely presented with a label stating its composition as well as a security hologram on the back. Along with each coin will come a certificate of authenticity.

Given the historic nature of these very first Rhodium coins, every effort is being made to present them as tastefully and professionally as possible. Check back at our website where we will be updating with photos of the whole package, the coin, the packaging, everything.

Order Your Rhodium Bullion Coins Today!

Buy Palladium - It sounds like people are going to very satisfied with their orders. Let’s see, rhodium was worth $10,000 an ounce last year and has recently been trading in the $1000-1500 range. What can you tell us about these price fluctuations?

E. Cohen - Something that wasn’t critical to our way of life would never be $10,000 an ounce. (<----This sentence is great!) Rhodium is an important element that cannot be substituted for by other means. The current price depression in my opinion is a direct result of the terrible recession our country is facing, together with so many other nations throughout the world. Industries all over the globe are slowing down, and many are shutting their doors. The consumption of this metal is currently not there, the industrial demand has temporarily ceased, and that is why the price is a tenth of what it was last year. Its many people’s opinion that once this economic recession has lifted, once the factories light back up, once production resumes its normal levels, the natural consumption of Rhodium will bring its price heavily upwards. People will look back at the present as having been an incredible time to buy. Buy Palladium - I totally agree with you there. What can you tell us about the current $89 price tag on one of these coins?

E. Cohen - The price that most people see quoted when they talk about the price of Rhodium is the Kitco spot price. When quoting such a price, care needs to be taken that we understand just what that price represents. That is a quote for a contract of rhodium, or in other words a piece of paper like a stock claiming a certain amount of rhodium. That quote does not represent physical ownership of the metal. Towards the bottom of the page is written that various fabrication charges are not included in the quotations.

If you are of the mind to own a piece of paper stating that you own Rhodium, good luck to you. To me anyone who would pay thousands of dollars for such a paper is out of their mind. There is no Rhodium metal to back up that paper, because no bullion coins or bars of the metal have ever been created. It doesn’t exist.

Per each Cohen Mint Rhodium bullion gram, the fabrication charges are actually not that high, you get a lot for your money. [As mentioned above,] each pure rhodium coin comes in its own sealed plastic slab identical to the ones used by grading services like PCGS and NCG. The coin is perfectly protected inside the holder and features a security hologram. Along with that comes a certificate of authenticity with each purchase, and arrives shipped to your door priority mail free of charge. That’s quite a deal for the first ever rhodium coin.

Buy Palladium - Indeed it is. I'm planning to invest in these coins as soon as possible! Well, that’s about all the time we have. Are there any last comments you’d like to make to our readers?

E. Cohen - Only that Rhodium is an exciting new investment opportunity for people. This is truly a rare historic moment where a completely new product hits the market that no one has ever seen before. I know from talking to people that there are a lot of excited folks out there who can’t wait to get their hands on these unique coins, and we are simply excited to be the ones to bring this out to the public for the first time.

Buy Palladium - And we at Buy-Palladium.blogspot.com are exited as well. I’d like to thank you so much for joining us, Mr. Cohen. We look forward to talking to you more in the future.

E. Cohen - Thank you for having me, its been a pleasure.

* * *

We at Buy-Palladium.blogspot.com would like to extend our sincere thanks to Eitan Cohen for granting us this interview at such an eventful stage for the Cohen Mint. We would also like to thank our readers for your continued support. We'll do our best to continue to provide you with the latest investment information. Don't forget to bookmark us!

Cohen Mint's Rhodium Coins Site (www rhodiumcoin com)
Buy Cohen Mint Palladium Coins
Read about how Cohen Mint creates its coins

Rhodium Coins Are Here! Rhodium Bullion

Rhodium Coins: Rhodium Bullion Coins Are Here!

Click here for interview with owner of Cohen Mint and links to purchase the rhodium coins

That's right, no lie, and not much more waiting. We are now able to buy 100% rhodium coins for rhodium investing purposes. Here's the photo:


The mint is named Cohen and many of their coins are the smallest in the world. They make 1 gram palladium, 1 gram platinum, and even troy grain size coins, which are even smaller than a gram.

I know the owner of the mint personally and have commented before that rhodium bars or rhodium coins will be coming soon. In that post I purposely didn't mention that Cohen was the mint I was referring to because I had somewhat "insider information." However, now, the world may know!

Paraphrasing from Cohen's site, I'll give you some examples about how big of an accomplishment this is

• This is the first time any company has ever make investment grade rhodium coin or rhodium bars
• Rhodium is extremely hard and brittle and has an extremely high melting temperature
• Cohen has worked for months and has finally found the formula to create rhodium investment bullion coins
• When dies are made these coins will start being sold in late spring to early summer 2009

When Will Rhodium Bullion Coins Be Available?

As mentioned in the list above, late spring to early summer.

Rhodium Bar Price: How Much Will A Rhodium Coin Cost?

These coins will be 1 gram each. There are appx 31 grams in an ounce, and as I write this rhodium is at $1200/oz. $1200/31 = $38 per 1 gram coin, right? Sure, that's what the metal is worth, but remember, Cohen has gone to great lengths to find the rhodium and through even greater troubles to fabricate dies and find successful methods to mold this extremely hard to work with metal into coins. So, even $80 per coin will likely be too little. Therefore, I'll give you my guesses about initial pricing of the coins:\

• Guess #1: $99 per 1 gram coin
• Guess #2 $149 per 1 gram coin
• Guess #3 $89 per 1 gram coin

Like I said, I don't think the company could profit if they only sold for double the spot price. These will be VERY expensive.

I'll explain more when I have one in-hand!

Click here for interview with owner of Cohen Mint and links to purchase the rhodium coins

Rhodium Bullion Coins, Cohen Mint Interview Update

Interview with Eitan Cohen of Cohen Mint!
When: Late May-Early June 2009
Where: Buy-Palladium.blogspot.com
Discussion Topic: Cohen Mint's New One-Gram Rhodium Coin

February 2009 - A few months ago I leaked the secret that we'll soon be seeing rhodium bars or coins for investment. Many have been waiting to hear where you can buy rhodium and about the release date of the Rhodium Coins that will soon be coming from an unknown manufacturer. Since then the coin rhodium price has been speculated.

May 6, 2009 - A couple weeks ago I mentioned that the method to produce rhodium coins has been finalized and posted a picture of a .999 pure rhodium coin produced by rhodium mint specialist Cohen Mint.

May 11, 2009 - I let know you know that there would be an interview with Eitan Cohen, owner of Cohen Mint, the first ever to produce investment rhodium bullion coins.

May 23, 2009 - Today, I'm updating you once again about the process of rhodium coins, rhodium investment information, and Buy-Palladium's interview with Mr. Cohen of Cohen Mint.

Rhodium Coins

The coins have been fabricated and initial samples (and possibly more) have been produced. They are beautiful, solid, .999 pure rhodium coins. They will be initially available in the 1-gram size, which if you ask me, due to the tricky nature of rhodium's properties, is the only reasonable size factor in which to mint rhodium into coin form.

Rhodium Investing

This is obvious: when the coins become available, buy them! You can choose to invest in paper rhodium, something you're buying that isn't even backed by physical metal. Personally, me and the readers here are usually interested in getting our greedy little hands on the physical metal!

Interview with Eitan Cohen

The interview with Mr. Cohen will be available for read or download in late May, 2009. With any difficulties it will be pushed back to June, but we're working to prevent that.

Behold! 1 oz Rhodium Bullion in my Hands!

My first attempts to own rhodium failed. First I attempted to purchase it; yet it existed no where for the layman slash everyday investor to buy. My search took me to the dark, undercover areas of Tokyo, Japan. I was given a tip in Osaka that rhodium was available in small vials in "sponge" (powder) form, but I came home empty-handed. Imagine the horror. During this 2008-09 search rhodium was at just $750 an ounce.

Next I attempted to buy bulk, looking for 4 other investors to go in with me and we each pay 20% and each get one 2 oz bar. I only found 2 other people. Finally, my search led me to Eitan Cohen, owner of the Cohen Mint. We spoke on the phone and I learned he had rhodium coins on the way! But, not only were they only one gram, I received several emails from buyers who had to wait months to have their orders filled (no, I'm not affiliated with Cohen Mint, but I assure you a) it's damn hard to make a rhodium coin and b) they WILL get it to if you're patient). Either way, I decidedI'd buy my 1 gram coins from an Australian reader of this blog. I didn't know him, but I trusted him enough to buy a few coins. The product was good, so I bought the rest of what he had.

Cohen Mint 1-Gram Rhodium Round

But I was still several grams away from one ounce! So, when finally Cohen announced the 1 ounce rhodium bullion bar I contacted the company and made arrangements to purchase one. You need a cashier's check sent overnight (to make sure there's no huge price fluctuation) or else a bank transfer. I chose the former and FedEx (man, I hate FedEx!) didn't inform me that the don't ship to P.O. Boxes. So, I didn't get my cashier's check back until the next week because FedEx sucks. Then I had to pay to ship it with the Post Office. It was a pain getting my $30 back from FedEx too! Next time I do bank transfer!

1 oz Rhodium Bullion

Email communication with Cohen Mint was good. Many readers of this site expect hourly replies. Sometimes that just isn't possible and I understand that, so I don't mind waiting a few days for a reply. After 2 months, my 1 oz Rhodium bar showed up at the local post office! I picked it up on my way to work and left it in my glove box where I thought it would be safest. Never had a break-in but the rhodium bar is worth nearly as much as the car!

Cohen 1 oz Rhodium Bullion

The coin is well-formed and smooth. There are intricate details on the coin that I wasn't expecting. I would have been happy with a slab of it stamped "Rh .999 pure" and a "Cohen Mint" somewhere on it. That's how Engelhard did their silver; and it was fine for most of us. Needless to say, it's a beautiful piece of rhodium. The bar is smaller than 1 oz of gold, which makes sense considering rhodium's density is 12.41 g·cm⁻³ and gold is 19.3 (UPDATE: I was told I'm wrong on my physics here, but I'll just keep it that way for now!) Here is the size of the one ounce rhodium bar vs. the 1 gram rhodium coin. Notice the paler color of pure rhodium vs the nickel and quarter.


When I made this purchase Cohen Mint was kind enough to inform me that they could not sell me a coin because they hadn't designed any yet, but that they had some in the works. I feel this is really respectable because if I had wanted a coin I could have waited for one (or four, actually, so that I'd have an ounce). Truthfully I kind of like the bar, but here's a preview of what the Cohen Mint has up its sleeve!

Yes, that's a man on a horse stabbing a dragon. Let's hope they can make it this awesome!

How Metals Have Faired Over the Past 5 Years

Times have been turbulent for most of the metals. I've made personal charts with pen and paper to figure out the percentage gains of each metal versus the other metals, etc. I did this because a) I don't have a chart-making program on my computer and b) the online ones don't give me what I want to know. Let's take a quick look at some of the things that have been happening.

Gold Is Rising

To start with, gold has proven to be a great investment over the past 5 years (it's been good for longer than 5 years but I use PGMs as a medium-term investment vehicle). As you can see, if you would have sold in early 2008 for cash and rebought it late that same year, you would have increased your holdings by about 25%. From that low point of under $800 in 2008 until today, gold has nearly doubled.

Gold is too slow, steady, and boring for me. It will continue to keep up with inflation If you want to buy gold I'd wait, as it's now at its all time highest price.

Silver Rose A Lot, May Rise More, But Will Definitely Fall

Silver, like gold, has proven to be a good investment. If you did the same as gold--sell in spring 2008 and buy back in the fall--you would have increased your holdings by 100%. And, due to luck, perhaps, if you ended up buying in late 2008 and holding until today, you would have increased your holdings by 400%.

I always try to give a little advice when I can. Although no one knows what will happen, this is what I predict: silver might hit $50, but I think its run is coming to an end. Conclusion: sell your silver now!

Platinum Did Better a Few Years Ago

I don't mind bragging a bit saying that I sold some Platinum when it was at its peak back in 2008. I will however, admit that I wish I had bought it back at the end 2008. I would have realized over 100% gains!

Unlike gold and silver, though, today, platinum is still 20% below its 2008 high. I feel something has got to happen here. Gold can't remain at $1500 if platinum is only $1800. Will gold fall? Will platinum jump to $2400? Look where silver is, with it's 400% gain. It's odd silver is on such a run and platinum has held steady. It will be one of the scenarios I mentioned, but I don't know which. If I had to buy or sell I'd flip a coin because it's not high enough to realize gains or low enough to know that it'll go higher anytime soon.

Our Good Friend Palladium Shines!

I haven't been posting much but I have been sitting around watching the palladium I bought when it was $200 an ounce climb 400% to over $800! Again, yes, I'll brag, but c'mon, it was obvious palladium wasn't going to stay at $200 an ounce for long. Palladium fell further than the other metals, and kept falling after they stopped. It's risen as much as silver has, but silver did it all at once, Palladium took two years.

The advice regarding palladium I've given has always been sound. You would have always made money if you bought or sold based on my suggestions (and I'd like to keep the record going that's why I don't post too many suggestions anymore). Prediction: palladium will fall considerably, probably in 2011. If you sell palladium now, I'm guessing you'll be able to buy it cheaper within the next 6 months. I'm hoping it hits $900 or so, though, before I do sell.

Rhodium, Rhodium, Where Art Thou?

Rhodium, like platinum, had a huge 120% jump from 2006 to 2008. That was when you couldn't buy rhodium anywhere. I have my Cohen Bullion now and have investing in some pools (like stocks), but I wish we had these things back in the olden days of 2008! $10,000 an ounce wasn't significant when dealing in percentages. Looking at the chart it looks huge but now that I have my own charts I realize a few things:

• If you bought rhodium in 2006 and sold in mid-2008 you would have doubled your money
• Rhodium was the best investment from 2006 to 2008, followed very closely by platinum
• Rhodium would have by far been the worst investment today if you had bought in early/mid-2008.
  
• Over the past 5 years (if you bought in 2006 and are still holding) rhodium would have proven to be the worst investment. Silver would have been the winner, gold second, palladium third, then platinum and rhodium
  

So, that's what's happened over the past 5 years. As always, any metal would have made you a fortune if you either got lucky or timed the market correctly. What does that mean? I think it means that the worst performer, rhodium, might be looking for it's time to shine! I would never buy palladium or silver right now. I would buy gold but not at $1500, maybe after it drops I would. And I'm unsure of what platinum will do. Rhodium. I will buy rhodium. In fact, as you can see by reading my posts, I already have!

Group Buy: 2 oz Rhodium Bullion Bars

Many of us have been wanting to buy physical rhodium for some time now. The Cohen Mint gave us rhodium, but there are some problems: they're only 1 gram (31 grams = 1 oz), inconvenient if you're looking to own a couple ounces, and very expensive because there isn't much of a discount if you buy 31 of them. I have respect for the Cohen Mint for marketing these coins and I even own a few grams myself, but I'm looking to own a single, heavier piece of rhodium!

Rhodium 1-Gram (0.032 oz) Coin

So I've been in contact with and have received two phone calls from American Elements - "World's leading manufacturer of engineered and advanced material products" (www.americanelements.com). I wanted to buy about 1-2 ounces of rhodium for myself, but even with AE I discovered that there'd be a few problems:

1. The fabrication costs to create the bars is much more than I was expecting
2. They only make 2 oz bars because the fabrication charges of 1 oz bars would be even more
3. There's a minimum order of 10 ounces (5 bars)

With the fabrication charges and "metal production charges" each 2 oz bar would cost $8073 plus shipping. And remember you have to buy 5 of them, so that's $40,365. I certainly don't have nearly that much, but I think I could swing the $8073. That's about $4000 per ounce, or 33% over spot, which for something this rare is, well, I don't want to say it's reasonable, but I don't really have any other choice.

Rhodium 2-Ounce Bullion Bar

So, I'm looking to do a group buy (or "purchase syndicate" if you want to be technical) with a few different people. Ideally I would need 4 other guys (or gals), each of us paying $8100 each (I'm rounding up and estimating to cover shipping costs). When we pay, the price will be locked in regardless if the rhodium spot price fluctuates. Or, if a certain member would like two bars he would pay double and we'd only need 4 people.

Before doing this I'd recommend we exchange phone numbers and any other information so we feel secure with each other. If we don't trust each other I'd rather choose another person to be member number five. My goal here is to own 2 ounces of rhodium. If that is your goal too and you don't have the $40,000 we'd be helping each other obtain that. Ideally, I'd receive the payments by bank check or bank transfer into my bank account. You could verify that the name and address on my bank account matches that of my driver's license which I could copy for you. If one member doesn't pay and we don't want to wait to find another, then I would return all the money to everyone.

When the $40,000 is in my account I will pay AE by bank transfer. They don't have these bars sitting around so it will take about a month for them to fabricate and send the bars. When I get the bars, I would send them directly to you by certified mail where you have to be present to receive the delivery. I don't want there to be any delivery problems so I'd like to pay extra for the most reliable shipping and have them delivered at a time when you can receive the package at your home or office.

This is a lot of money, so like I said I would even prefer it that we spoke on the phone enough that we trust each other. I'm definitely not the type to scam anyone but if you're anxious or have a problem with waiting the month for fabrication/delivery I think you'd agree that we shouldn't do this together. I'm not going to quote how cool rhodium is here or why you should buy it. I'm looking for four guys who already want to own rhodium and will be serious about having 2 ounces in their hand by May 1, 2010.

If you're with me, say "I!" My email address is under "AUTHORS & COMMENTS WANTED" in the right sidebar. If you've emailed me and not received a reply in a day or so leave me a comment by clicking on "COMMENTS" below this post.

You'll be getting one of these guys. I don't know about you but I'm keeping mine in the case!

Palladium Density, Coin Dimensions

I love collecting palladium to invest for the future. I have some palladium storage for Suisse bars but have had some palladium Maple Leaves in my house that I'd been meaning to put in a safe place. Finally today, I moved them. It's not safe to keep them on my dresser or shelf, even if it's only a few ounces worth. I do like looking at the coins. The palladium coins are still relatively new so I like handling them. I have a few silver coins at home too. They're quite a bit bigger than the palladium 1 oz coins.

While putting my coins in storage I pulled out a Platinum Eagle because I haven't handled one for a long time. To my surprise the platinum is much, much thinner than the palladium. I knew it was a denser metal, but I didn't know by how much! So, I thought we could explore the different sizes of some popular 1 oz coins made out of differnet metals.

Gold Eagle Coin and Canada Gold Maple Leaf 1 oz

The American Gold Eagle has a diameter of 32.7mm and is 2.87mm thick. Gold is very dense, or heavy, at 19.3  g/cm⁻³. (Remember, this has nothing to do with the softness of the metal.) The Canadian Gold Maple Leafs are about the same size and thickness.
Palladium Maple Leaf Thickness 1 oz

Now Palladium is very light compared to gold. Palladium is only 12.023  g/cm⁻³. So, to make up an ounce, the Canada mint made our Maple Leaf Coins about 33mm diameter by 3.58mm thick.


American Eagle Platinum 1 oz

Now this is what's interesting. The platinum coin is the thinnest of all. It's the most dense precious metal, even heavier than gold! My American Eagle coin is still 32.7mm in diameter, just like the gold, however, it is only 3.39mm thick. Compared to gold it might look similar and kind of hard to tell that the platinum is thinner and therefore heavier. The density of platinum is 21.45  g·cm⁻³. This is amazingly high. Most people are amazed if they every hold an oz of gold, surprised that something so small could be so heavy. Imagine their shock when they hold some platinum!

American Eagle Silver Coins

Silver has a density of just 10.49 g/cm⁻³. This is about half of gold and platinum, therefore the coins are much bigger, just over 40mm diameter. And, they are a big thicker as well, at almost 3mm thick. Plus silver is still cheap. A 1 oz coin like this would cost you under $20 and would be a good start to investing in precious metals
Rhodium Coins: How Big Would a Rhodium Coin Be?

Remember, there is no country minting Rhodium coins. There are companies who make them, but none that are popular. The reason they don't do a rhodium mint is because it's a very brittle metal. A 1 gram rhodium coin will be coming though! For more info click on the "rhodium" label below, or just click here and all of our rhodium posts will show up.



Just for fun, although a 1 oz rhodium coin won't be made, if one were to be made, how big would it be? Well, rhodium has a density of 12.41 g/cm⁻³, which is nearly identical to palladium. So, we can assume that the rhodium coin size would be about the same as the Palladium Maple Leaf.

Rhodium on the Rise!

Rhodium is again on the upward trend. Remember just a year ago it was down to $700 per ounce. Today is it $1800-2100 per ounce (that price discrepancy depends on who your quoting source is and whether you're buying or selling.

The chart below shows the price of rhodium as quoted by Kitco. You can see it's been steadily moving up from $1500 to $1800 over the past few days. The $2100 price is the quoted price if you want to buy an ounce of it, which is considerably higher.

Rhodium Price Chart

Rhodium Coins Prices Rising

If you'll recall we did an interview with Eitan Cohen of Cohen Mint regarding the minting of the Cohen Mint Coins (full article here). Checking the Cohen Mint Rhodium Bullion Coin site, since the coins came out a few months ago, they've climbed from their starting price of $89.99, to $92.99, to $99.99, to $102.99, and just today to $104.99. Rhodium bullion is rising so the cost of making rhodium coins is also rising. At $104.99 it will cost you about $3300 to get your hands on an ounce of rhodium (remember these are 1-gram coins so you'd need 31 to have an ounce).

You may be thinking that owning 31 small coins isn't the best way to own an ounce of rhodium. Let me tell you, though, it is the only way. There is a company online that allegedly will make a bar for you and sent it, but I haven't read about anyone ordering one from them.

The Cohen Mint Rhodium Coin: Rhodium Bullion Coin Pre-Order

The Cohen Mint Rhodium Coin: Rhodium Bullion Coins Pre-Order

That's right, you can now pre-order your Cohen Mint 1 gram rhodium coin! These rhodium coins are currently able to be ordered and shipping will start early June 2009. Can't wait any longer? Head on over to the Cohen Mint's Rhodium coin site at www rhodiumcoin com and order your rhodium bullion coins today!

Below are drawings released by the Cohen Mint of the new Rhodium Coins. This information just in, so if you're looking for more information please bookmark this article and check back in a day or two and we'll have more information. Oh, and go buy your coins. Oh, and did I mention http://buy-palladium.blogspot.com is accepting donations in rhodium? ;)

GM Bankruptcy, Gold $1000? (New GM, General Motors Bankrupt, Gold Price)

Will GM Bankruptcy Affect Gold Price? Gold $1000?

The pending announcement of GM's bankruptcy will definitely affect the price of gold, silver, and the industrial metals palladium, platinum, and rhodium. The question is how much, and in which direction! This ariticle will:

1. First give a very brief overview of the announcement of the GM bankruptcy.
2. Then we give a quick overview of how our five favorite precious metals have all risen in the past week or two.
3. And finally, we'll give a few guesses of what might happen and how this might affect your investment strategy

GM Bankruptcy General Motors Bankrupt Overview

On June 1 General Motors is expected to file for bankruptcy. This move stemming from the GM bankruptcy will give the company an expected $30 billion in taxpayer dollars, a third of which will be lent to the auto-maker from the Canadian government.

GM will close around a dozen factories and again lay off workers. This time as many as 50,000 people will lose their jobs at GM. The United Auto Workers (UAW) auto-workers' union is scheduled to receive $20 billion from now bankrupt GM. In exchange, the new union will then own a 10% interest in the new GM in exchange for what GM owes its past and current workers.

The Obama administration reported that GM would continue to sell only Chevy, GMC Truck, Cadillac, and Buick. Smaller names such as Hummer and Saturn would expected to be scooped up and purchased by investing companies, however, they will likely suspend production.

(Photo on left is the new 2010 GM Chevrolet Camaro which hit car lots late May, 2009)

Gold Rising, Silver Rising, Palladium Rising

How is the General Motors bankrupt going to effect the gold prices and silver prices, and the prices of the industrial metals rhodium prices, palladium prices, and platinum prices? My speculations are in the next section

In the week leading up to the GM and the Obama administration announcing the bankruptcy GM, all precious metals metals have risen:

• Gold price - Gold up from around $950 a week ago to darn near $1000 an ounce. It's $988 as I write this. Gold was $920 an ounce on May 19th. GM will announce its bankruptcy at 8 am Eastern time. It's 4:30 now
• Silver price - Silver up similarly to gold. Silver was $13.70 an ounce on May 19th, $14.70 a week ago, and darn near $16 June 1.
• Palladium price - Palladium up, but hasn't been on a steady increase like gold and silver. It was $220 on the 19th of May, jumped up to $230, dropped back to $220 a week later, and again today is up over $230.
• Platinum price - Platinum up. Its chart looks similar to that of gold/silver mixed with that of palladium! On May 18th it was around $1110 per ounce. Then, it $1150 for a week, then dropped again, but unlike palladium, it didn't drop back to its May 19th price, it only dropped to $1125 or so. However, you'll notice above that I said the 18th, not the 19th. On the 19th platinum was up to $1125. Somewhat odd behavior, but both investors as well as industry affects the platinum price more than any other metal so its erratic volatility can be expected. Today: $1220.
  
• Rhodium Price - Rhodium up! Rhodium may move daily in small increments as other precious metals do, however, it isn't quoted as moving until it makes a $50 or more move. Rhodium went up mid-May to around $1300 per ounce, and just a day or two ago it dropped to $1225 bid price. Now, it's back to $1300. Remember, rhodium is very industrial.
  

How a Bankrupt General Motors Might Affect the Gold Price, Silver Price, Platinum Price, Rhodium Price, Palladium Price

June 1 Precious Metals Prices

• Gold - $988
• Silver - $15.90
• Platinum - $1220
• Palladium - $240
• Rhodium - $1225

Author's Gold Price Predictions

How do we think these prices will be affected? Personally, I don't think we'll see a huge change. I do think gold will hit $1000 an ounce again, but I don't think it will hit $1025. Then, in less than a month, I think it will drop back to $950. I think silver won't reach $18. I don't even think it will reach $17, actually. I think it will go back down to $13 per ounce or even less. However, I wouldn't be surprised if it were to remain in the $14-15 range for the next few months. I don't think palladium, platinum, and rhodium will move very much all.

There you go. Don't you like how I'm NOT telling what WILL happen? Whenever I read an investment site I see "GM Bankrupt, Gold to Rise" or "Stocks Bullish, Commodities to Drop" and someone's prediction stated as fact on a financial website. If all people follow these ideas, then won't that make the market move in the exact opposite direction?

Here's a fact: 80 or 90 percent of people who invest in stocks and commodities lose money. These guys get "tips of the day" of how to invest. Do I do that? Well, look at my predictions above. I don't think the GM Bankruptcy will affect any metal by more than 10%. That 10% IS enough to make money on your investment, but I'm not a day trader and not going to sell/buy until it moves a good 30-50%. Why? The truth: I'm lazy! It's not that it's risky, it's that you have to really ALL the news and factor in many, MANY things. I don't want to do that, for one. And two, if I do, I'm bound to make a mistake, thus I create my own risk. My final prediction to you is that the current trend will be small movements upwards then small movements down.

Do I hope I'm wrong? Heck yeah! Let's see $2000 gold and $1000 palladium! Let's keep rhodium low because I haven't bought any yet! Silver, hmmm, I don't own much, so let's see that low until I sell some gold to buy silver. Good plan?

Good luck in your investing. I don't think the market will be rocky, but others might, so you might be able to sell your metals for more than spot in the next week or so. If you're not in need of cash, though, I'd keep it. Have a fun week!