Rhodium has fallen 90% from over 10,000 per ounce to 950 and now it is at about 1050. 80% of Rhodium is used in catalytic converters. Catalytic converters are used in cars primarily.. Car production and sales have fallen through the floor. Supply and demand.
Platinum: In the last year platinum has fallen from around 24oo to about 775 and is now back up to about 1080. Platinum and Gold were about the same price for a little while. Platinum is used in car exhaust pollution controls too….But while rhodium is used in cars and only as a coating in jewelry Platinum is used in medical equipment and is also sold as coins, jewelry and has various other uses. It dropped.. but did not die.
Gold and Silver are known as a store of value, wealth and are not dependent on any “industry” for survival. Jewelry, bank hoards, investments, coinage, collections, and 6000 years of religious and political reliability are not going to go away. Wars have not been fought all across the globe to acquire rhodium or platinum. No nation has ever made Platinum or Rhodium or iridium a “reserve” against melt-down. No one has ever walked into a store anywhere on the globe and bought much with rhodium or platinum and bought a sandwich or a coffee. (excluding nut cases and possibly on a rare occasion a miner in a local community where the mine is). Silver dollars. 20 Dollar Gold, and British Sovereigns, and after all they are not called Pound Rhodiums.
Gen 13:2 And Abram was very rich in cattle, in silver, and in gold. Not much said about Platinum or Rhodium.
Even at the very creation God makes sure we know about the layout of the land in the Garden of Eden :Gen 2:11 The name of the first(river) is Pison: that is it which compasseth the whole land of Havilah, where there is gold;
Gen 2:12 And the gold of that land is good: there is bdellium and the onyx stone.
Even in the future and the description of the New heavens and earth and the New Jerusalem God makes no mention of Platinum..
Rev 21:1 And I saw a new heaven and a new earth: for the first heaven and the first earth were passed away; and there was no more sea.
Rev 21:2 And I John saw the holy city, new Jerusalem, coming down from God out of heaven, prepared as a bride adorned for her husband. …Rev 21:10 And he carried me away in the spirit to a great and high mountain, and shewed me that great city, the holy Jerusalem, descending out of heaven from God,….Rev 21:15 And he that talked with me had a golden reed to measure the city, and the gates thereof, and the wall thereof….Rev 21:17 And he measured the wall thereof, an hundred and forty and four cubits, according to the measure of a man, that is, of the angel.
Rev 21:18 And the building of the wall of it was of jasper: and the city was pure gold, like unto clear glass…Rev 21:21 And the twelve gates were twelve pearls; every several gate was of one pearl: and the street of the city was pure gold, as it were transparent glass.
So from Creation to Creation, without cars or “investors” futures markets or Wall-Street Gold has sttod the test of time and has the approval of God himself, He even uses it in the construction of the Walls and Streets of the City of God.
Jesus said. ” I go to prepare are place for you that where I am there ye may be also…” To the best of our understanding He is not using platinum or Rhodium and as long as man has been here he has always tried to imitate God even if he has done it for wicked gain and purposes. Do you think that MAN will abandon Gold as a store of welath, a sign of Power and even in some cases as a form of of worship just because the big three auto makers are having a bit of a hard time?
IN Christ
The preacher
