[Jewelry making - Article 01051] - Re: [Orchid] Jewelry in the 80s

[Daniel Spirer]

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>     Should I buy gold now? Or should I wait the projected five or so
>     years until the dollar strengthens and the economy evens out? Am I
>     making this harder than it needs to be? 

    First of all, understand that you are a jeweler who needs metal to
    work. You are not really an investor in gold. If you buy a lot of
    gold now and it goes down you may be forced to lower your prices on
    it and you'll make less money. If it goes up you'll make some extra
    money (if you feel comfortable about raising your prices) but when
    you do have to replace the gold you'll be paying the higher price
    anyway. Buy what you need to do your work at the moment. Leave the
    investment risks to the investors. 

Daniel R. Spirer, G.G.
Daniel R. Spirer Jewelers, LLC
1780 Massachusetts Ave.
Cambridge, MA 02140
daniel AT spirerjewelers.com
www.spirerjewelers.com

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