Rhodium

 

It seems people (not me) are back to investments in gold and other precious metals  to minimize the risks of inflation, and for other various reasons.  

I've recently learnt,  about a very rare and expensive metal - rhodium.  Its symbol on the periodic table of elements is Rh and its atomic number 45.   It is used  in industry  primarily as an agent of  hardening, increase  of resistance to corrosion, and reflectivity.

Rhodium is much more expensive than the other known precious metals (gold, titanium, silver) because of its rarity. It cannot be mined on its own; it's a by product of titanium mining. The main country source for rhodium is South Africa.

The name 'rhodium'  has been brought up , the other day, in a discussion on plated jewelry.   Rhodium is used to coat mainly white gold and or platinum jewlery to give it durability and improve its brightness.

I've got no plated jewlery at all, so I'm not familiar with the process. I do own  a few personal jewlery pieces made of gold, silver, titanium of various karat values, but these pieces are not coated with some other metal for protection  and shine.

They say, that unlike nickel, this silver-white metal rhodium, has no allergenes, so the plating is hypoallergenic. When added to a white gold ring with a diamond, it enhances the brilliance of the diamond.

Anyway, rhodium is not for people with modest means. It's too expensive, but like anything found in nature,  'rhodium' is an interesting  topic, and not only to those looking for metal investment or jewelry plating  (I'm not looking for either).

'Investment' Affairs

Starting with May next year, there will be some new visa regulations for  those who intend to visit countries of the European Union. There's still time to look into these regulations and see what's it all about. The news ,however, made me think of  visas and passports in general, and how they have become a highly profitable business in particular.       

Not only does the service of issuing / renewing/replacing a visa/passport cost the applicant good money, but countries are  willing to sell these documents  to those not elligible at all, for a substantial sum of money invested in a house/business/bank account . Requirements such as basic knowledge of the language by the applicant for the passport,  has been shamelessly removed in many cases.

Don't you worry, said someone to me; after getting the money for the passport, at the tiniest move or request they'll send the new passport owner to learn the language and culture of the place. Money first, national pride next, but still there.

A passport does not only serve as a travel document, but is also evidence of citizenship.  I've got double citizenship : romanian (by birth) and israeli. As Romania is part of the European Union its passport is an european one. 

An additional passport is an asset, and a sort of investment.  It might help with retirement, relocation, taxes, work, studies, life improvements.                                                                           

At my age, I don't plan any relocation , but one never knows what God's plans are. Suppose personal safety gets treatened by certain events (war, famine,earthquake,crime)  one might consider migration to what looks like a safer place.

In my nearby area, Cyprus followed by Portugal, seems to be a popular EU citizenship source. Many hundreds of russians, brits, and israelis have relocated on this island. 

Among the non-EU passports in the near area, the turkish one is quite sought after. No wonder, Turkie  has a more or less steady regime, it is more or less a self-sufficient country. We, in Israel import quite a lot of essentials from Turkie ; it's all good stuff (potatoes, mineral water, canned food etc..) and no less important, decently priced.