Questions about the stock market

[Gisele]

I have a genuine interest in the metals market. I pay attention everyday to Kitco.com so as to stay up to date on the spot value for precious metals.
I would like to know if anyone has any advice for the best on line sources as well as print, for learning more about the stock market and investing and selling metals as well as anything else.
I am in particular looking for solid sources for purchasing platinum and rhodium. That is because if one thinks gold is good, then you will love especially so, platinum and rhodium. I know of reputable sources for said purchases, such as Kitco.com. But what interests me the most,is to find such at rock bottom pricing, somehow, somewhere. TIA

 

[Disney Commando]

I have a genuine interest in the metals market. I pay attention everyday to Kitco.com so as to stay up to date on the spot value for precious metals.
I would like to know if anyone has any advice for the best on line sources as well as print, for learning more about the stock market and investing and selling metals as well as anything else.
I am in particular looking for solid sources for purchasing platinum and rhodium. That is because if one thinks gold is good, then you will love especially so, platinum and rhodium. I know of reputable sources for said purchases, such as Kitco.com. But what interests me the most,is to find such at rock bottom pricing, somehow, somewhere. TIA

I to like metals, I am fond of silver (and silver coins), last year with the economy and oil prices I was thinking it was a good time to buy, was able to get silver coins $11 to the dollar thought it would be a couple of years for a turn, but somehow it seems that silver follows oil, last month it was up to $48 a ounce then oil dropped and so did silver now it's like $35 & change. Since oil is still dropping IMO it's not time to buy again, but if it looks like it might go up again, picking up some coins or bars might be a good idea, I would not go through a broker since you would have to pay taxes on your profit, having the actual product is much better since you can sell it off as you wish without paying a fee

 

[Gisele]

It is interesting how silver also follows the value of gold. Hence, gold goes down, so does silver. Most recently gold had dropped below $1500 an ounce, but as of today, it is back to over that figure. Not by much, but still, it is going back up, not down. So far anyway.

 

[skiingfast]

Gold is unlike all those other metals.

It's used primarily for jewelry. The others primarily for industrial purposes. One depends on vanity the other on economic demand for other products. Because of this they don't trade in sync, but close.

Also if you don't include the current spike in pricing, gold never changes value when adjusted for inflation.

As these are all commodities there aren't places to buy it on sale, the price is the same everywhere.

I would suggest if you want to invest in metals buy stock in a large mining company, they tend to produce many metals and sometimes other things. Thus a safer investment because they themselve offer sector diversity.

 

[Gisele]

I realize that about metals pricing. What I had in mind was for example, rhodium is used in the making of catalytic converters. Therefore, if you know how to extract that from such, then I would imagine the profit that would be possible. The problem with that is, based upon what I have been told so far, is that rhodium is very difficult to handle and to work with. And to go through the process that is involved in essentially getting it back from C C's. And that really only engineers know how to do this. So I need an engineer, then go from there perhaps.

 

[skiingfast]

Oh yes it's profitable. People collect the CCs off cars and recycle them. Just like they do for the tiny amounts of gold in a cell phone or laptop. Is it hugely profitable because it' deal with precious metals? No, just like the gold mines that have thin margins.

 

[Gisele]

The thing is though metals buyers do not buy the catalytic converters. Therefore, one must get this rhodium back from it. I believe that is the correct way to say it. Are there companies that will just buy the converters from you?

 

[skiingfast]

Yes. Companies will be scrap metal which is what the whole CC is. They sell it to a refiner who will seperate the metals to be reused. Then a buyer will take them to make into new CCs or whatever. Of course middle men can find there way into this too. It's all these layers that eat up the profit.

 

[Gisele]

If I had an engineer that knows how to do this, that would be great. That being taking the converters and getting the rhodium from them.