Author Topic: Rhodium ETF (XRH0) potentially how to get rich quick by riding the spike. (Read 1475 times)

wombat42 · « **on:** March 30, 2020, 04:45:22 pm »

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I invested a lot of money a few weeks ago in Rhodium ETF (XRH0) External Link/Members Only. It is a very rare precious metal mainly used in catalytic converters but also in jewellry, electronics etc. It is very much in demand. But supply is very limited, mainly mined in South Africa. My shares crashed by 80% very quickly because of reduced car demand because of coronavirus. But for now the shares are surging back up again as South Africa has just started at least 3 weeks of lock down so the mines are shut. So lack of supply is counter balancing and probably trumping lack of demand. Supply is now almost zero while there is still some car production etc going on. There was a deficit of Rhodium before coronavirus. It looks like a no brainer to make money on XRH0 just as long as South Africas mines are shut as they will be for the next few weeks. The shares are up 11.82% today for example.

Obviously do your own research. Don't take my word on this.

hillingdonpete · « **Reply #1 on:** March 30, 2020, 05:01:10 pm »

That's not how I see the graphs.

GingerNuts · « **Reply #2 on:** March 30, 2020, 05:20:04 pm »

If you're so convinced why didn't you post this a few days ago and we could all have doubled our money.

WARSZAWA16 · « **Reply #3 on:** March 30, 2020, 05:24:51 pm »

Mmm. Rightly or wrongly, my general rule of thumb is if something seems too good to be true it probably is. As they say on Dragons Den - "Sorry, I won't be investing. I'm out."

wombat42 · « **Reply #4 on:** March 30, 2020, 05:33:31 pm »

Quote from: WARSZAWA16 on March 30, 2020, 05:24:51 pm

Mmm. Rightly or wrongly, my general rule of thumb is if something seems too good to be true it probably is. As they say on Dragons Den - "Sorry, I won't be investing. I'm out."

You need to dig deep and do your own research. I would not expect you to invest based on my information. Without researching properly it is best that you do not invest.

GingerNuts · « **Reply #5 on:** March 30, 2020, 05:37:35 pm »

Quote from: wombat42 on March 30, 2020, 05:33:31 pm

You need to dig deep and do your own research. I would not expect you to invest based on my information. Without researching properly it is best that you do not invest.

At what price did you buy in?

Happylad · « **Reply #6 on:** March 30, 2020, 06:18:18 pm »

He`s posting the information now for the same reason that so many share tipsters tip shares - if he can persuade a few other idiots to buy the shares the price will rise and he might be able to sell his and get his money back.

It`s the oldest trick in the book.

daviemac · « **Reply #7 on:** March 30, 2020, 06:27:33 pm »

Quote from: wombat42 on March 30, 2020, 04:45:22 pm

External Link/Members Only

I invested a lot of money a few weeks ago in Rhodium ETF (XRH0) External Link/Members Only. It is a very rare precious metal mainly used in catalytic converters but also in jewellry, electronics etc. It is very much in demand. But supply is very limited, mainly mined in South Africa. My shares crashed by 80% very quickly because of reduced car demand because of coronavirus. But for now the shares are surging back up again as South Africa has just started at least 3 weeks of lock down so the mines are shut. So lack of supply is counter balancing and probably trumping lack of demand. Supply is now almost zero while there is still some car production etc going on. There was a deficit of Rhodium before coronavirus. It looks like a no brainer to make money on XRH0 just as long as South Africas mines are shut as they will be for the next few weeks. The shares are up 11.82% today for example.

Obviously do your own research. Don't take my word on this.

Correct, I won't.

CheeseBoard · « **Reply #8 on:** March 30, 2020, 06:55:37 pm »

I'm waiting for the part where money is stuck in South Africa and if I provide my bank details and transfer an amount, I will be sent 50 million of which i can keep 10%. Everyones a winner

David1970 · « **Reply #9 on:** March 30, 2020, 07:13:30 pm »

Quote from: wombat42 on March 30, 2020, 04:45:22 pm

External Link/Members Only

I invested a lot of money a few weeks ago in Rhodium ETF (XRH0) External Link/Members Only. It is a very rare precious metal mainly used in catalytic converters but also in jewellry, electronics etc. It is very much in demand. But supply is very limited, mainly mined in South Africa. My shares crashed by 80% very quickly because of reduced car demand because of coronavirus. But for now the shares are surging back up again as South Africa has just started at least 3 weeks of lock down so the mines are shut. So lack of supply is counter balancing and probably trumping lack of demand. Supply is now almost zero while there is still some car production etc going on. There was a deficit of Rhodium before coronavirus. It looks like a no brainer to make money on XRH0 just as long as South Africas mines are shut as they will be for the next few weeks. The shares are up 11.82% today for example.

Obviously do your own research. Don't take my word on this.

I take it most of your punting take place in Nigeria, with the the rest of the billionaires who want to rest their money in my bank account.

freeze44 · « **Reply #10 on:** March 30, 2020, 07:46:59 pm »

Quote from: CheeseBoard on March 30, 2020, 06:55:37 pm

I'm waiting for the part where money is stuck in South Africa and if I provide my bank details and transfer an amount, I will be sent 50 million of which i can keep 10%. Everyones a winner

Does anyone want to invest in my rare and once in a lifetime chance to make shedloads? I ca only revel the secret for a small donation of £50 to show your serious and not a timewaster

David1970 · « **Reply #11 on:** March 30, 2020, 07:52:12 pm »

Quote from: freeze44 on March 30, 2020, 07:46:59 pm

Does anyone want to invest in my rare and once in a lifetime chance to make shedloads? I ca only revel the secret for a small donation of £50 to show your serious and not a timewaster

I am happy to do that, please just send me your bank details and I will send you the money, remember your passwords.

freeze44 · « **Reply #12 on:** March 30, 2020, 08:03:24 pm »

Quote from: David1970 on March 30, 2020, 07:52:12 pm

I am happy to do that, please just send me your bank details and I will send you the money, remember your passwords.

Ahh a clever investor! I Like very much!! Eeeveyone else...be quick...time limited offer! I will close this down when I have 2000 of you signed up...hurry hurry!!

Account name: Mrs R. Repppoff, Bank of Swasiland, but they cannot accept transfers due to the bank being locked down, so I will meet you in person to collect!

scutty brown · « **Reply #13 on:** March 30, 2020, 08:13:21 pm »

better to look at the one-year price history - very clear the current price is false

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Blackpool Rock · « **Reply #14 on:** March 30, 2020, 08:56:37 pm »

Quote from: scutty brown on March 30, 2020, 08:13:21 pm

better to look at the one-year price history - very clear the current price is false

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Yeah the more historical charts show a very different picture, price also spiked around 2007 before crashing back to earth.
Personally i'm happy to accept slightly riskier stocks as if you have a diversified portfolio then the overall gains can be better however something such as this is just far too volatile.

Just been paid and only 6 days until the tax years ends for stocks ISA's, I know you can deposit cash to secure your allowance then pick funds later but i'm wondering whether to top up or keep it in the bank account.
All markets seemed to be hammered losing about 1/3 - 40% of their value a month ago but signs of a bit more stability now so may be a good time to put more cash in

Author Topic: Rhodium ETF (XRH0) potentially how to get rich quick by riding the spike. (Read 1475 times)

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