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What pushed Platinum under 1000?
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<p>[QUOTE="desertgem, post: 3701768, member: 15199"]Support for the long term levels of gold and most of silver is the amount needed around the world for jewelry. Gold and silver are softer than Platinum and that makes working it more difficult. PM people think it is their small world that can make the price go up or down, but jewelers don't order just in ounces or portions of ounces, they need a lot more as they know with the right design they can get multiples than just the metal itself. Since most people buying jewelry have a difficult time determining if it is the proportion that is on the tag or object, you have to able to verify it. In parts of the world stainless steel has become a inexpensive substitutes of gold and silver. More sturdy, harder, so doesn't scratch as easy and machines can manufacture rings or jewelry as a steel product ( no worry about scraps as they are not valuable, whereas silver and gold shavings have to be recovered. The price of PM is not just how the market goes, I think changes in value are 3/4 psychological and 1/4 value. IMO.</p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 3701768, member: 15199"]Support for the long term levels of gold and most of silver is the amount needed around the world for jewelry. Gold and silver are softer than Platinum and that makes working it more difficult. PM people think it is their small world that can make the price go up or down, but jewelers don't order just in ounces or portions of ounces, they need a lot more as they know with the right design they can get multiples than just the metal itself. Since most people buying jewelry have a difficult time determining if it is the proportion that is on the tag or object, you have to able to verify it. In parts of the world stainless steel has become a inexpensive substitutes of gold and silver. More sturdy, harder, so doesn't scratch as easy and machines can manufacture rings or jewelry as a steel product ( no worry about scraps as they are not valuable, whereas silver and gold shavings have to be recovered. The price of PM is not just how the market goes, I think changes in value are 3/4 psychological and 1/4 value. IMO. Jim[/QUOTE]
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