Friday, March 07, 2008

Precious Metal Prices Are Up

"Based on gold prices of $900/oz and $16.75/oz silver, Merrill Lynch estimated the current gold: silver ratio at around 54 times (or 54 ounces silver for every ounce of gold)."

For those of you who use sterling silver and gold of any form in your handmade jewelry, you've probably noticed the creep in price for our precious metals. Gold has made a huge comeback in the past few years, and has ranked high on the trend top ten list, however, silver may soon surpass this trend as the price of gold starts climbing out of reach. It's hard to keep up with the ever changing gold market, and clients aren't thrilled about the fluctuating jewelry prices, but we have to make sure we are paying attention to our bottom line.

To keep up with the market, and to price our jewelry correctly and keep our clients happy, get the Gold/Silver live update Widget. The prices are taken from Kitco.

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