Rhodium Exchange Traded CommodityInteresting financial markets development. A new investment product backed by Rhodium (source: Kitco).
Deutsche Bank announced plans this week to launch a physical Rhodium Exchange Traded Commodity (ETC).
The ETC is 100% backed by physical Rhodium and will track the US dollar spot price. ETC's work on exactly the same concept as ETF's.
As well, a Bermuda based firm is considering the launch of a 100% Rhodium backed electronic traded fund.
Wonder if Mustang has intersected any additional sections of Rhodium??
Bugbee