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What Will Happen To Gold and Platinum Prices?
Is a question we are asked every day by consumers in the market to purchase diamond engagement rings, wedding bands, and diamond rings. Will the meteoric rise in prices of these metals continue in 2008 and make our Jewelry more expensive?
To illustrate the price explosion of the Precious Metals here are 1 Year graphs for both Platinum and Gold.
Current indications are that Precious Metals Prices will continue to increase in 2008. Some contributing reasons are:
1. Emerging and surging economies in China and India with increased demand in the consumer, medical, and jewelery industries.
2. Political unrest, the weak dollar, rising Oil prices make the Precious Metals a safe haven.
Ken Gassman has an excellent overview and analysis on the current and future price trends for both Gold and Platinum. How High Is High For Gold And Platinum?
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