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Secondary question: has anyone bought a wedding ring lately? I'm curious if jewelry dealers are charging the same for gold bands than for platinum.
This is super easy to lookup:
http://www.bluenile.com/wedding-rings/mens-wedding-rings
comfort fit 5 mm men's ring in Platinum: $1350
comfort fit 5 mm men's ring in 18K white gold: $680
comfort fit 5 mm men's ring in 18K yellow gold: $680
comfort fit 5 mm men's ring in 14K white gold: $530
I actually couldn't find the gold ones the first time because I set the price range too small, assuming they'd be 4-figures too! (I picked comfort fit 5mm because it was available in all 4 types, not for any other reason)
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2011 Aug 19, 8:59am
I wanted to load up on a platinum ETF SO BAD in late 2008.
http://www.etftrends.com/2008/11/platinum-etn-not-enjoying-former-glory/
It was an ETN tho so I didn't pull the trigger.
During periods of monetary instability the platinum to gold price ratio collapses. In 1974 the ratio hit around .9 (dropping from 2.8 in 1969), while in 1982 it hit .8. The historic average over the last 40 years is around 1.5. Currently the ratio is around 1.
The million $ question then: Is pairs trade opportunity OR is it a sign of a major impending currency collapse? Secondary question: has anyone bought a wedding ring lately? I'm curious if jewelry dealers are charging the same for gold bands than for platinum.