[Jewelry making - Article 00359] - Re: [Orchid] Jewelry import start-up info

[Greg DeMark]

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Peter,

    I am sure you must have mistaken what metal was priced at 44 cents
    per gram. 

    The price of gold closed on Friday 1-8-2005 at $418.40 per ounce. 
    The following would be the melt value of various karats of gold and
    of coarse you are not going to buy any new karat gold for melt, you
    will pay a premium on top of melt depending on what form you buy it
    in. You might find scrap gold or Silver at a pawn shop if you are
    lucky for melt value. 

	Gold Close $418.40
	Pure Gold $13.44 per gram melt value
	18 karat gold $10.09 per gram melt value
	14 karat gold $7.87 per gram melt value

    Silver closed on Friday at $6.41 per ounce therefore the melt value
    for Pure Silver is 20 cents per gram and Sterling Silver is 19 cents
    per gram. 

    Once again you are not going to buy fabricated metal for melt value.
    This includes gold or silver shot. 

Greg DeMark
email: greg AT demarkjewelry.com
Website: www.demarkjewelry.com
Custom Jewelry - Handmade Jewelry - Antique Jewelry

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