| gold spot market as of Friday afternoon's close was down to $830. Insiders i know at metal refiners tell me it is dropping slowly but they expect it to go down considerably in the next year. People are dumping their gold jewelry, and the fear that it will go up like the housing market did then crash has investors nervous. It was the late 70's when gold ran up over $700 an ounce then fell to under $280 and stayed there for quite a while. This could easily happen again.
Problem I see with Rhodium is that it is selling for over $6000 an ounce. Plating it is much cheaper, but will be a big added expense even with the plating methods. Ask your designer about depletion guilding of fine silver. |