[Jewelry making - Article 00293] - [Orchid] Rising Costs Of Precious Metals

[John Barton]

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    I'm wondering about the thoughts of others regarding the spiraling
    costs of precious metals. I only deal in sterling silver, but as I
    watch the cost of gold at $535.00 oz., sterling jumping to $9.04
    yesterday, and I haven't even looked at platinum, I'm wondering how
    this is affecting those that deal in the more expensive precious
    metals. I read an artical this morning written by a man by the name
    of Harry D. Schultz on The Chicago Market Watch, who supposedly has
    been a gold "tracker" for some 40 years.It was his belief that gold
    will climb to $950.00 oz. "before the run is over". If this is
    so,what will happen to say sterling silver and platinum, and how
    will this affect all silver and goldsmiths? Especially worrisom I
    would think since many are struggling to survive now. I'm not trying
    to create any more worries, just wondering if he knows what he's
    talking about and the thoughts of others on this matter. 

John Barton

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