Precious Metals Thoughts #9
about a month ago i published an article about Rhodium a Platinum Group Metal actually the rarest of them which price at that time was reaching 18750$ per ounce you can check the post here
all this time (through this month) i have been monitoring the course of Rhodium speaking of its price the results are extraordinary of course all of us here accepted crypto-universe as a way to our freedom , a way to show our disgust to Centralized world and many can say that Precious Metals are a derivative of Centralized world but are they really? i mean Precious Metals existence can be traced far far back, long time before Centralized Society begun to form itself of course Precious Metals adopt the new centralized system and through the years became part of it but who can deny the possibility they can do the same with De-centralized world? from my point of view this is evolution it is the evolution in Precious Metals world, sooner or later they will start traded for cryptocoins, this is what i believe and to tell you the truth i will be more than happy to buy any PM for some cryptos
let's get back to Rhodium as i wrote above its price course has been very interesting through the last month from 19000$ per ounce it jumped to 28250$ per ounce!!! i think you can tell the difference, it is more than obvious don't ask me why this increase in price took place i have no idea, the only thing i know is that Rhodium's major use, something like 90% of it, is in catalytic converters and demand for this use surpassed expectations by far
so someone can ask himself, can you consider Rhodium price a steady investment? can i invest in Rhodium? i will answer, do you know anything that remained steady in our human history?
with its price reaching 30000$ per ounce while at the same time gold is sitting at 1740$ per ounce , i would say Rhodium is not for our portfolios but doesn't mean that it is untouchable if you get a button of Rhodium as the one in the picture above you will love it ,just trust me on this i believe in metals,you already know this i believe that monetary systems can change, metals will always be there adopting the new systems all the time
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