I remember when I first started making jewelry in high school, it was 1968.\u00a0 I considered buying some gold to cast with, but it was horribly expensive… $35 an ounce.\u00a0 Now, in Sept. 2010, it just went over $1300 an ounce.\u00a0 I won’t even pretend to understand the many reasons gold has been driven to this insane price.<\/p>\n
Investors with a lot more understanding of financial markets than I have probably can figure out the many market forces that make gold and other precious metals rise and fall.\u00a0\u00a0 It’s just too bad that gold is such a critical material to us metalsmiths, and its price increases can really influence how ( or IF) we earn a living.<\/p>\n
I really don’t know whether gold prices will just continue to go out of sight, or peak and head down into more realistic levels.\u00a0 My local coin dealer, whom I buy my 24K gold from, thinks that the gold investors who have driven up the price of gold by buying up lots of it for speculation, are getting ready to sell off their gold and take their profits, realizing that gold is near the absolute top in value.\u00a0 My dealer friend predicts gold to hit $1400 by Christmas, but to then plunge in price as investors sell off and the world gold supply increases. \u00a0 I like that scenerio.<\/p>\n
I’d like to see gold come back to, say, $500 an ounce, still expensive, but more affordable, compared to today’s prices.<\/p>\n
I guess we have no choice but to stay on the gold roller coaster and try to hang on.\u00a0 Cross your fingers that gold gets more affordable…and soon!<\/p>\n
–Jay Whaley<\/p>\n","protected":false},"excerpt":{"rendered":"
I remember when I first started making jewelry in high school, it was 1968.\u00a0 I considered buying some gold to cast with, but it was horribly expensive… $35 an ounce.\u00a0 Now, in Sept. 2010, it just went over $1300 an ounce.\u00a0 I won’t even pretend to understand the many reasons gold has been driven to […]<\/p>\n","protected":false},"author":138,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/userblogs.ganoksin.com\/jaywhaley\/wp-json\/wp\/v2\/posts\/47"}],"collection":[{"href":"https:\/\/userblogs.ganoksin.com\/jaywhaley\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/userblogs.ganoksin.com\/jaywhaley\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/userblogs.ganoksin.com\/jaywhaley\/wp-json\/wp\/v2\/users\/138"}],"replies":[{"embeddable":true,"href":"https:\/\/userblogs.ganoksin.com\/jaywhaley\/wp-json\/wp\/v2\/comments?post=47"}],"version-history":[{"count":1,"href":"https:\/\/userblogs.ganoksin.com\/jaywhaley\/wp-json\/wp\/v2\/posts\/47\/revisions"}],"predecessor-version":[{"id":46,"href":"https:\/\/userblogs.ganoksin.com\/jaywhaley\/wp-json\/wp\/v2\/posts\/47\/revisions\/46"}],"wp:attachment":[{"href":"https:\/\/userblogs.ganoksin.com\/jaywhaley\/wp-json\/wp\/v2\/media?parent=47"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/userblogs.ganoksin.com\/jaywhaley\/wp-json\/wp\/v2\/categories?post=47"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/userblogs.ganoksin.com\/jaywhaley\/wp-json\/wp\/v2\/tags?post=47"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}