Senior Analyst Jon Nadler of Kitco Metals Inc. Montreal discusses the merits of investing in Rhodium, and why the metal, which is a 1000 times rarer than gold, may be an investment gem. Aired on Fox Business News – May 11, 2010 What is Rhodium? Rhodium is a hard, silvery and durable metal in the Platinum group. The chemical symbol for rhodium is Rh. Rhodium is highly reflective and is often used to give white gold an extra shine It has a higher melting point than platinum and is resistant to corrosion. Like platinum it is a hard, ductile, malleable and is a good electrical conductor. Rhodium resists attack by acids and can only be dissolved in aqua regia, a highly volatile mix of concentrated nitric and sulphuric acids that is also one of the few substances that can dissolve gold and platinum. IT IS the most expensive of all precious metals. Over the last 30 years rhodium has averaged circa 00 a troy ounce and in 2006 has reached 00.00 an ounce. In may 2008 it peaked at 000 an once. It has recently gone from around 00 to 00 an ounce. With an average of 00 now is the best time to invest before demand overwhelms supply. Visit our website to Learn more about Investing in Rhodium today! www.britanniawealth.com
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