[Jewelry making - Article 00459] - Re: [Orchid] Rising Costs Of Precious Metals

[Mark Chapman]

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    Look at the gold / silver price relationship over a longer period of
    history. Until the last 80 years or so the price of gold was
    somewhere around 4 to 6 times the price of silver for over 1500
    years. Yes, the price of gold was artificially set for a while at
    $35, but that again was a very short time from historical
    perspective. What that has to do with the current market is perhaps
    zero but interesting none the less. We all need to remember that
    there is a lot of gold held by governments (Fort Knox). Thus the gold
    supply and thus price if largely at the whim of politicians! 

Mark Chapman

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