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Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

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Here Comes the Rhodium ETF

Deutsche Bank has launched the first ever ETF for the precious metal Rhodium, to be listed on the London stock exchange. Expecting a massive inflow of capital into this obscure corner of the hard asset world, traders ran prices up 20% last week. ETF launches for platinum (PPLT), and Palladium last year had a similar effect on prices.

Rhodium is one of the world’s hardest metals, and is used by the auto industry as a substitute catalyst for platinum and palladium. Like the other white metals, it therefore has twin demand for both industrial and investment purposes. About $2 billion a year worth of rhodium is mined, compared to $10 billion for platinum and $30 billion for silver. At $2,350 an ounce, rhodium is the most valuable of the precious metals, compared to gold (GLD) ($1542), platinum (PPLT) ($1,812), palladium (PALL) ($769), and silver (SLV) ($36). During the hard asset squeeze in 2008, rhodium reached an incredible $10,000 an ounce.

I’ll be writing more about rhodium in the near future. When hard assets come back into vogue, this is something you want to keep on your radar. It has all the ingredients for a potential sharp appreciation; a tiny global supply and potentially insatiable demand.

Rhodium

Platinum

Palladium

By. Mad Hedge Fund Trader


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Leave a comment
  • Anonymous on June 07 2011 said:
    this is not an ETF, its a ETC. (with counterparty risk)
  • Anonymous on June 07 2011 said:
    Wouldn't it be ridiculous to substitute rhodium for metals that cost much less?
  • Anonymous on June 08 2011 said:
    Rhodium is the most effective catalyst for converting NOx pollutants in a motor vehicle's exhaust gas into more benign gases. It is not simply a substitute for Pt and Pd; it serves a unique function that the other platinum group metals cannot perform. Considering the tremendous number of autos and trucks being produced now, I am mildly surprised that the price of Rh isn't higher than its present level.
  • Anonymous on June 10 2011 said:
    Where can the average Joe buy a piece of rhodium?
  • Anonymous on June 12 2011 said:
    The symbol for rhodium if XRH0 on the London Stock Exchange.
  • Anonymous on June 12 2011 said:
    With possible inflation-deopression coming, how much of a demand will there be for rhodium? The decline of the number of cars that will be manufactured will be staggering.
  • Anonymous on June 14 2011 said:
    Will the acceleration of Battery powered vehicle usage dampen the demand for Rhodium by the auto industry? Likely emission legislation will not demand more than the status quo due the current fragile auto idustry.
  • honestann on January 11 2012 said:
    :eek: Rhodium is a great long term investment... unless the world economy crashes and stays crashed.Platium is about 15 times rarer than gold.Rhodium is about 75 times rarer than gold.Right now (2012 January), Platinum is about $200 per ounce cheaper than gold, and Rhodium is nearly $300 per ounce cheaper than gold.Here are the main possible downsides.Supply: Rhodium is not mined directly. It is recovered as a minor output from gold [and platinum] mines. Therefore, as the price of gold rises, the quantity of Rhodium will rise along with greater gold mining activity.Demand: If the world economy sucks (especially the demand for catalytic converters for cars and industrial processes), the demand for Rhodium will fall.The worst case scenario for Rhodium is a surge in gold as fiat money and the world economy collapses. The best case is an economic boom.

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