r0ach would have even more bragging rights (for traders) if he had mentioned RHODIUM's three month spike in price, up some 50% since 30 May (from some $2850 per oz to some $4450 today (depending on who's quoting), up over $100 since yesterday):
Main problem with rhodium is it's not a monetary metal so does absolutely nothing to protect against deflation. Let's say all the banks implode tomorrow in another 2008 event. The price of Rhodium will go from $4500 to like $450 practically overnight, while things like silver and gold will gain in relative purchasing power instead. We're too late in the game to be gambling in the casino. Some enormous economic implosion, govt staged false flag, or war can go off any second nowadays.
That's the main reason I don't have any motivation to wander outside of monetary metals, although I did almost buy some rhodium in 2016. The world is in a monetary crisis, not a rhodium crisis, so you have to hedge against that with monetary metals. If you're sitting on bucket loads of money you have no idea what to do with then yea, might as well buy some Rhodium for the hell of it to diversify (not at these prices, though). I also expected the evil cult of Judaism would attempt to force some type of escalation with Iran, North Korea, China, Russia, or whoever by now, and I didn't want to be holding Rhodium over silver when that happens if some big conflict breaks out which also causes economic collapse and you need local liquidity.
The fact that virtually nobody deals with rhodium on a local level is sort of a deal breaker. Liquidity-wise, it's equivalent to trying to hodl uranium. I don't want to walk outside, see "CLOSED" signs on all the banks and ATMs, and just stand there holding a completely illiquid asset I can do nothing with while everyone holding silver and gold becomes rich as I lose money and die of starvation.
(in the long run, my choice is upwards obviously)
(already too over-saturated probably)
