<< if we throw on the market thousands of ounce of Rh, the price will drop like a stone, since the total demand per year of Rh is only few thousand onces, if memory serves. Anyone has that number? >>
To answer the question first, no I don't have that number, but what I think you'll see happen, Zeev, is the classic economic axiom of price elasticity in action and a beautiful example of the Phillips Curve in action as the new, lower price for Rh creates new demand which couldn't afford the old higher price for the application in mind. The best historical precedent is petroleum. Before Colonel Drake punched his first hole in PA, petroleum was a scarce, highly-priced [ in dollar terms of those days ] commodity. That all changed, of course, but there sure were more than a few fortunes created even when the price of oil was 5 cents - yes, I said 5 cents - a barrel after the prolific East Texas oil fields came on stream in the 20's. |
