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Current metal prices trend - Aug 08


#1

I seem to recall a number of postings with links to articles on just
how high metal prices were going to go (according to the pundits).
It’s interesting to note that platinum is now down 35% from its peak
and gold is off more than 20%. So the specter of $2000/oz gold and
$4000/oz platinum seems to have left us. It would seem to me that
most people should have realized by now that what goes up, must come
down. But then that would presume that most people have longer
memories than they seem to.

Daniel R. Spirer, G.G.
Daniel R. Spirer Jewelers, LLC
www.spirerjewelers.com


#2

Just a friendly alert that if you do any casting now is a good time
to do it. (Or at least a better time then its high in March). Gold is
down 27% and Silver is down 30%. Just thought I’d pass on the news
and look out for my fellow artisans.

Holly


#3
Just a friendly alert that if you do any casting now is a good
time to do it. 

Personally, I wouldn’t “stock up” yet. I think it’s going to be
falling for quite awhile. On the other hand trying to guess the
metals market is playing a dangerous game. Sometimes it works out for
you. Sometimes it doesn’t. Frankly with the speed with which most
suppliers are operating these days, it’s better not to pay the costs
behind stocking anything you don’t have to. Just order it when you
need it.

Daniel R. Spirer, G.G.
Daniel R. Spirer Jewelers, LLC
www.spirerjewelers.com