/biz/ - Business & Finance

>>55916248
>Seems unlikely to change.
What makes you think that?
The price chart looks completely schizophrenic. Even shitcoins aren't this volatile. How can a commodity be worth $600 in 2016 then spike to $30,000 in 2021, to then go back down to $4,000 now?

Idk anything about Rhodium, but the only thing who come to mind to explain such extreme price delta is the very limited supply. Maybe there is only one mine of rhodium on earth?
So if the mine is getting shutdown for X or Y reason, it's all good for you. Especially if the metal have very specific industrial application with no existing alternative. But what if a second mine open and flood the market?
Too rare means too risky, it's not the kind of bets i like.

But if anything, you certainly are better buying it at 4K than 30K. But looking at the chart, it looks like on it's way to go back down to 600 rather than the opposite..
Looking at the timeline on the chart, could be the spike coof-related? We know many miners were forced to stop their activities due to essential workers only policy.
If AJ is right and our (((elites))) plan to do a coof scare 2.0, then you might be onto something.
But be sure to explore all the metrics before doing such a bet.