Now, whereas we should settle for that rationalizing prices for luxurious merchandise is one thing of a idiot’s errand, and that the reply in such circumstances to the query, “why is it a lot extra pricey” is a minimum of to a point, “as a result of individuals are prepared to pay,” I do not suppose we essentially want to go away it at that. So, is it supplies price? This appears the least doubtless rationalization. A fast take a look at costs for platinum vs. gold during the last couple of many years reveals that, whereas the costs for each metals have skyrocketed, they’re additionally very unstable, and at present, gold trades for round double the worth of platinum. The scenario was nearly precisely reversed in 2008 when platinum was buying and selling for greater than double the worth of gold (these are spot costs; I do not know if they’re instantly mirrored within the prices, in any given 12 months, of ordering precise uncooked inventory for machining, nevertheless it appears logical that this may be the case – certainly it could be the one logical information level on this whole article). Metal trades for a minimum of a few orders of magnitude much less (904L appears to go for round two to 10 bucks a kilo, relying on the dimensions of your order), and everyone knows how costly metal watches can get, so we will assume, I feel, that when a premium is paid for platinum, supplies prices are usually not the largest motive why.
