[Jewelry making - Article 00428] - Re: [Orchid] Rising Costs Of Precious Metals

[jesse Brennan]

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>     When the gold price rises it seems that more people get interested.
>     The 70s runup put an end to the "Sterling Era". Some of you old
>     timers will remember that period when sterling was in and gold was
>     out. Pretty much coincided with what might be called the 2nd Arts &
>     Crafts Movement. Similar to the 1st one in many ways, part of the
>     rejection of all things precious that took place in the late 60s. I
>     mean gold really didn't work well with a work shirt and jeans. 

    The real gold demand is in what world where safe banking systems
    don't exist. India is the biggest market but see: 

    http://news.bbc.co.uk/1/hi/business/2195201.stm 

    It is pure speculation but another third world saving item was $100
    US bills. There are a lot of counterfeit ones out there and they are
    the old style. what influence is this ? 

    Silver is going along for the ride but the biggest use for silver was
    imaging both photo and X-ray. This market is drying up fast. Leave it
    to the professionals-- they will skin a lot of cats. 

    In a manufactured item business. sell at current price and only buy
    what you need. The Hunt boys tried to corner the silver market and
    almost did but lost anyway. 

jesse

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