[Jewelry making - Article 00392] - Re: [Orchid] Rising Costs Of Precious Metals

[James Binnion]

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    My guess is that since the majority of gold is in use for jewelry
    that as soon as the price gets too high the demand will fall
    sharply. This will trigger a drop in prices as the speculators try to
    dump their overpriced gold futures. As much as we love jewelry it is
    a non- essential in our lives and when the price gets too high the
    sales will fall. The big question is what is to high and how long
    will it take to get there. While I can see $950 toz gold I just can't
    see $10,000 toz gold. 

    Hang on to your hats it is going to be a wild ride for a while I am
    afraid 

James Binnion
jbin AT mokume-gane.com
James Binnion Metal Arts
http://www.mokume-gane.com
360-756-6550

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