This just in:

President-elect Barack Obama wants to show his thanks to his wife Michelle for her months of support on the campaign trail. And it’s going to cost him $30,000.

According to UK’s Daily Telegraph, Obama will purchase a five-figure Harmony ring made of rhodium – the world’s most expensive metal –and encrusted with diamonds. Italian designer Giovanni Bosco is rushing to complete the ring in time for January’s inauguration.

According to the article, “Only about 25 tons of rhodium are mined each year, mostly in South Africa, and as a result its price is typically around £5,000 an ounce.”

obamaring

But hold on just a cotton pickin’ minute. Political Machine is reporting that the story is not true.

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