The Rising Price of Platinum. WOW!
The price of platinum, the metal choice by consumers for their engagement rings, wedding rings, and wedding bands has risen meteorically over the past year and on a daily basis especially in the last few weeks.
From mid-December 2007 until present the price of Platinum has risen by $800.00 an ounce!
The weak dollar, rising oil prices, and power and electricity shortages in South Africa which mines the bulk of the world Platinum have all contributed to the price increase.
Manufactures of Platinum Jewelry have no option but to raise prices and pass on theses price increase to their retail jeweler. As a consequence your Gold and Platinum Jewelry is becoming dramatically more expensive and costly.
Precious Metals Analysts expect these price increases to continue in the foreseeable future.