January 22, 2021

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22 years ago worth more than 5 years: the “new gold” that …

22 years ago worth more than 5 years: the "new gold" that ...

Rhodium. You may never have heard of it. And does it remind you of something, then maybe Mendeleev’s chemistry class and table? You will almost certainly be driving around with it, however: the world’s most expensive precious metal – no less than nine times more expensive than gold – is in your car’s catalytic converter. Rhodium is worth 22 times more today than it was five years ago. And there are still (some) routes. Still, it remains something for investors who are not afraid of taking risks.

$ 16,100 per ounce, the precious metal rhodium is now worth almost seven times more than palladium, nine times more than gold and 17 times more than platinum. “Rhodium belongs to the platinum group …