Liberal Forum

The PGM are going down, down, down compared to the U.S. Dollar.  I wonder why? 

Who produces platinum, palladium and rhodium?  Russia does.  Along with South Africa and a small amount in Canada.  Rhodium is at less than 50% of what it was just about a year ago and Palladium is down 50% too.

It looks like Russia is dumping its PGM's on the market to raise revenue to fight the war in Ukraine.  I wonder if the price of Platinum will hit $500?  WOW!  Russia's financial troubles and desperation could present a real buying opportunity.......but, not yet. 

Down from $1,120 to $975 in 30 days. Someone is selling off a bunch of the platinum group metals.

Rhodium, down from $12,000 to $5,000 per ounce. If it goes as low as $2,000, I'm snapping up all that I can afford.  In sponge form, Rhodium is an ugly dark gray dust:


 

My best bud is a champion GOLD Getter! And so are his brothers. Brother found a huge 16 oz. nugget recently!

Many prospectors threw away platinum and other PGM's because it was ugly!