[Jewelry making - Article 00445] - Re: [Orchid] Rising Costs Of Precious Metals

[jmfuja]

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Dear All,

    Shades of 1980 once again. I just had a customer come in and placed
    a deposit on a new ring order with three 100oz Englehard silver bars.
    I gave him $850 per bar, and will take them to our Coin store
    tomorrow morning and receive $865 per bar. Not a "killing" by any
    means, but he received a fair return, I made enough profit to pay for
    transporting them for resale, and the store will get a sizable sale
    to show for the effort. 

    The idea, as I said before in a previous letter, is to turn it over
    quickly and not try and second-guess the market. The goal is to
    benefit from market fluctuations, and not get greedy. 

Jon Michael Fuja

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