[Jewelry making - Article 00006] - Re: [Orchid] Price of gold

[Daniel R. Spirer]

========[ Invite a Friend - http://www.ganoksin.com/invite.htm  ]========


>      Probably not, unless more gold materializes on the market
>     somehow." 

    Actually more gold will start to materialize fairly soon.  The cost
    of producing an ounce of gold from many of today's gold mines is
    actually in the $300+/oz range.  Many major gold mining operations
    close down their less profitable sites during low gold price times. 
    When it jumps up into the current range they will reopen a lot of
    these operations to make money from the mines for as long as
    possible.  Eventually, of course, the price will begin to fall as
    more and more new material comes into the marketplace (unless of
    course the idiotic speculators get involved again and run the price
    up to unrealistic, and unsupportable, levels). 

Daniel R. Spirer, GG
Spirer Somes Jewelers
1794 Massachusetts Ave
Cambridge, MA 02140
617-491-6000
spirersomes AT earthlink.net
www.spirersomes.com

____________________________________________________________________
T h e   O r c h i d   L i s t
Open Electronic Forum for Jewelry Manufacturing Methods and Procedures
____________________________________________________________________
Orchid FAQ:
~ http://www.ganoksin.com/orchid/faq.htm
Orchid Archives:
~ http://www.ganoksin.com/orchid/archive
Orchid Galleries:
~ http://www.ganoksin.com/orchid/gallery.htm
Invite a Friend:
~ http://www.ganoksin.com/invite.htm
____________________________________________________________________
Tips From The Jeweler's Bench - Article Archive
~ http://www.ganoksin.com/borisat/tip_sear.htm
The Jeweler's Selected Bibliography List
~ http://www.ganoksin.com/jewelry-books
Buy Orchid Jewelry:
~ http://www.ganoksin.com/shop
____________________________________________________________________
-Unsubscribe:
-Email: orchid-request AT ganoksin.com Body=unsubscribe subject=blank
____________________________________________________________________