This effects my business in a big way. It makes it very difficult to build up a significant inventory of jewelry. It also makes it difficult to keep prices inline with what the market can bare. The average consumer is unaware of rising costs of precious metals, so they just don't understand why jewelry is so expensive.
Screw it! It's almost 70 degrees here, I just installed some Avid Juicy 7's, I'm going riding.
it's thanks to that price/demand that i'm currently sitting in the first class lounge in sydney on my way back to tasmania from the northern philippines. thanks gold for making things awesome for a poor grad student!!!
Gold is going up because commodities are the only sector making decent money right now. Because of this, more money is going into it (read dumb money - ie retail investors) Gold especially is going up because people are fleeing the USD, and need a "safe" place to park cash. Gold, is that safe place. It is globally accepted as a currency, it's value is the same, no matter what currency you are in, and it can't be printed.
As for Burley's comment, I have a buddy that's a dentist. He just bought a new BMW X5 with money from gold filings. Most people don't ask for their gold fillings back. He has always just put them into a small sack. When gold broke $900, he had it melted and sold.
As for Burley's comment, I have a buddy that's a dentist. He just bought a new BMW X5 with money from gold filings. Most people don't ask for their gold fillings back. He has always just put them into a small sack. When gold broke $900, he had it melted and sold.
Gold is going up because commodities are the only sector making decent money right now. Because of this, more money is going into it (read dumb money - ie retail investors) Gold especially is going up because people are fleeing the USD, and need a "safe" place to park cash. Gold, is that safe place. It is globally accepted as a currency, it's value is the same, no matter what currency you are in, and it can't be printed.
As for Burley's comment, I have a buddy that's a dentist. He just bought a new BMW X5 with money from gold filings. Most people don't ask for their gold fillings back. He has always just put them into a small sack. When gold broke $900, he had it melted and sold.
He always asks them if they want to keep them (legally have to), most just said no. To the normal person, it's a tiny amount of gold. He's been saving for 10+ years though.
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